(1)

(2)

(3)

(4)

(5)

VARIABLES

Norelative13

Relative13

Treynor13

Sharpe13

Jensen13

gender

-41.45

-51.38

-0.104

0.0243

-0.00341

(67.44)

(76.37)

(0.127)

(0.919)

(0.0365)

diploma

0.256

-5.158

-0.0131

0.0256

0.000249

(16.39)

(19.77)

(0.0272)

(0.195)

(0.00785)

GM

-1.22e-07

-1.48e-07

-0

-8.22e-10

-5.11e-11

(9.18e-08)

(1.44e-07)

(1.39e-10)

(1.00e-09)

(0)

RZNX

10.82

11.87

-0.00329

-0.00556

-0.00114

(8.162)

(10.66)

(0.00527)

(0.0382)

(0.00152)

Expense

-23.75

-23.42

-0.0222

-0.0205

-0.0136*

(21.96)

(28.23)

(0.0250)

(0.181)

(0.00722)

MP

-18.55

-26.46

-0.0407

0.519**

0.00800

(21.55)

(27.26)

(0.0307)

(0.222)

(0.00886)

Constant

95.54

124.9

0.189

-0.00193

0.0437

(78.07)

(95.93)

(0.138)

(0.993)

(0.0397)

Observations

33

27

66

67

66

R-squared

0.163

0.182

0.076

0.118

0.101