| Fund Category | Number of Funds | Average δ1 | F-Value | |
| OTC Equity Fund (1) | 7 | −0.0211 | 10.66* | |
| Medium-Small Capital Fund (2) | 19 | −0.0173 |
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| Taiwan Enterprise Fund (3) | 6 | −0.0129 |
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| Theme Fund (4) | 2 | −0.0108 |
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| High-Tech Fund (5) | 31 | −0.0105 |
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| Common Equity Fund (6) | 75 | −0.0104 |
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| Value Stock Fund (7) | 4 | −0.0068 |
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| Duncan Test | #7 > (#3, #2, #1) (#4 = #5 = #6) > (#1 = #2) #3 > #1 |
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