Kama ratio refers to the ratio of annualized rate of return of funds to the maximum withdrawal rate of funds. Kama ratio is one of the important indicators to measure the fund's cost performance. The higher the Kama ratio, the more cost-effective the fund is.

What's the difference between Camaby and Sharp?

① The calculation formula is different: Kama ratio = excess return/maximum withdrawal; Sharp ratio = (annualized rate of return-risk-free interest rate)/annualized volatility of portfolio.

② Different measurement objects: Kama ratio measures the relationship between income and maximum extraction; Sharp ratio measures the relationship between income and risk-free interest rate.

③ Different representative meanings: the greater the Kama ratio, the better the performance of the fund; On the contrary, the smaller the Kama ratio, the worse the fund performance; The greater the Sharp ratio value, the higher the risk that the fund can obtain, and the smaller the Sharp ratio value, the smaller the risk that the fund can obtain.