Labels:box | bulletin board | monitor | person | reckoner | sky | web site | window OCR: DEMYSTIEYNG THE MONEY RISK-ADJUSTED GRADES Bycomparing these two sets 01 funds you can sec how hisk and reward affect tthe MONEY risk-adjusted grades rou see each monti in Fund Watch. In the first pair. Merrll Lynch High Income's five-year relum tops Value Line U.S Government's bs almost 20% because Value Line's monthly returns bounced around only about half much the Merrill fund's, their Sharpe scores [see the main text) were close Thus both funds earn 81 the second pair two stock funds with identical returns got different grades. The A-rated Janus volatility was less than third that of C-rated Scudder. Yfhe-yr Bist returnt Volatirt Sharth adiusted Fund TyPE SLON scon Mermilll Lynch Corp. High Income HYC 1.33 12.22 Value Line U.S Government Sec USG 65. 1.20 13.59 lanus Flexible Income 56. ...
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