Geometric Return Calculation for the three funds and for three secuity, equally weighted portfolio.
Descending order
T-Bill Excess Return
Year A B C A B C
2003 5.00% 4.00% 6.00% 3.00% 2.00% 1.00% 3.00%
2004 0.00% 1.00% -1.00% 3.00% -3.00% -2.00% -4.00%
2005 -5.00% -4.00% -10.00% 3.00% -8.00% -7.00% -13.00%
2006 8.00% 10.00% 18.00% 3.00% 5.00% 7.00% 15.00%
2007 5.00% 5.00% 7.00% 3.00% 2.00% 2.00% 4.00%
Does the Geometric Return Calculation give the same ranking as the Sharpe Measure?