Recommendations & Strategies第 68 / 110 题
An adviser evaluating two portfolios with equal returns should generally prefer the one with which characteristic?
a.The higher standard deviation
b.The higher beta
c.The lower standard deviation
d.The lower correlation to Treasury bills
解析
When two portfolios offer the same expected return, the one with lower standard deviation carries less risk and is therefore more efficient. Rational, risk-averse investors prefer less volatility for the same reward. This risk-adjusted thinking underlies measures like the Sharpe ratio.
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