Risk Measure	ERA	Investors				Max Spread
Risk Measure	ERA	MVaR	Protective	Stable	Markowitz	Max Spread
Variance	Defensive	0.84	0.44	0.51	0.51	40%
	Median	0.89	0.67	0.74	0.74	22%
	Aggressive	0.95	0.99	1.00	1.01	5%
Bell_5	Defensive	0.83	0.46	0.54	0.55	38%
	Median	0.91	0.74	0.79	0.80	17%
	Aggressive	0.96	1.00	1.02	1.03	7%
Bell_34	Defensive	0.91	0.57	0.64	0.64	34%
	Median	0.96	0.81	0.85	0.86	14%
	Aggressive	1.00	1.04	1.04	1.05	4%
MVaR	Defensive	0.65	0.19	0.25	0.25	45%
	Median	0.76	0.50	0.56	0.56	26%
	Aggressive	0.86	0.97	0.99	0.99	13%