Annual returns for 13 countries in the portfolio. | ||||||
| Sample period 1989-2012 | Sample period 1989-1998 | Sample period 1999-2008 | |||
Country | Sharpe ratio | Treynor ratio | Sharpe ratio | Treynor ratio | Sharpe ratio | Treynor ratio |
Angola | 0.6329 | 0.0897 | 0.2585 | 0.0295 | 1.3199 | 0.1591 |
Iraq | 0.3627 | 0.4208 | 0.3093 | −0.1208 | 0.7781 | 0.1227 |
Brunei Darussalam | 0.4797 | 0.0855 | 0.1884 | 0.0401 | 1.3018 | 0.4556 |
Nigeria | 0.5101 | 0.0791 | 0.3014 | 0.0562 | 0.7783 | 0.0987 |
Qatar | 0.8641 | 0.1325 | 0.6507 | 0.0969 | 1.1893 | 0.1692 |
Kuwait | 0.3385 | 0.2395 | 0.3271 | 0.8117 | 1.1838 | 0.1191 |
República Bolivariana de Venezuela | 0.4949 | 0.0721 | 0.4105 | 0.0575 | 0.7545 | 0.0872 |
Saudi Arabia | 0.5934 | 0.0781 | 0.3115 | 0.0336 | 1.1946 | 0.1421 |
Islamic Republic of Iran | 0.4960 | 0.0724 | 0.1859 | 0.0270 | 1.2128 | 0.1783 |
Norway | 0.6405 | 0.0780 | 0.4614 | 0.0399 | 1.7169 | 0.1886 |
Russian Federation | 0.7299 | 0.0948 | 0.5824 | 0.0631 | 1.1627 | 0.1268 |
United Arab Emirates | 0.7170 | 0.0879 | 0.5242 | 0.0677 | 1.2946 | 0.1252 |
Bolivia | 0.6329 | 0.0936 | 0.4997 | 0.0930 | 0.8372 | 0.0905 |
Portfolio | 0.7087 | 0.0860 | 0.5365 | 0.0557 | 1.2791 | 0.1269 |