You want to evaluate three mutual funds using the Sharpe measure for performance evaluation.The risk-free return during the sample period is 5%.The average returns, standard deviations, and betas for the three funds are given below, as are the data for the S&P 500 Index. 
The investment with the highest Sharpe measure is
Definitions:
CLIA-waived
Refers to tests that are simple laboratory examinations and procedures that have an insignificant risk of an erroneous result under the Clinical Laboratory Improvement Amendments.
Bilirubin
A yellow substance that is produced during the normal breakdown process of heme in vertebrates and is eliminated through the bile.
Urobilinogen
A byproduct of bilirubin reduction that is present in urine and stool, used as an indicator in diagnosing liver and blood disorders.
Leukocytes
White blood cells that are part of the immune system, protecting the body against infection and disease.
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