Domestic fund managers change too quickly, and the stability is very poor, but in fact, the performance in three years does not explain anything.

Therefore, funds are usually evaluated.

Appraisal is usually sorted by comparing historical benefits and historical risks. For example, the first 10% can be the first category.

Historical risk can be calculated by fluctuations in net worth. Comparison can be made by the following formula:

(RN-RF)/S RN is the current rate of return, and RF is the current risk-free interest rate (current national debt yield).

S is the variance of the current net value.

Then take the average or weighted average of each period to sort.