孙子兵法基金池：未知收益组合超额收益回升

Group 1 - The "Sun Tzu" fund pool has achieved a stable outperformance against the equity fund index, with an annualized return of 13.14% and an excess return of 6.79% as of July 31, 2025, while maintaining a low annualized volatility of 21.59% and a Sharpe ratio of 0.61, indicating a favorable risk-return profile [1][11] - The unknown return fund pool has consistently outperformed the equity fund index in most years, with an annualized return of 15.80% and a Sharpe ratio of 0.69, demonstrating strong performance in both rising and falling markets, achieving an excess return of 10.32% in the last three months [1][14] - The flexible trading fund pool has captured structural market opportunities, yielding an annualized return of 11.07% and an excess return of 4.43% compared to the equity fund index, with a history of low excess drawdown [2][18] Group 2 - The stock-picking pioneer fund pool has shown strong return elasticity, with an annualized return of 11.14% and an excess return of 4.49% against the equity fund index, particularly excelling in bull markets [2][23] - The hotspot tracking fund pool has outperformed the market in most years, achieving an annualized return of 12.18% and an excess return of 5.53% compared to the equity fund index, although its performance has weakened recently due to short-lived market trends [2][28] - The risk-averse fund pool has demonstrated stable excess returns, with an annualized return of 11.64% and an excess return of 5.00% against the equity fund index, effectively managing risks in both rising and falling markets [3][33] Group 3 - The low Beta fund pool has shown strong defensive characteristics, with an annualized return of 8.06% and an excess return of 2.08% compared to the equity fund index, particularly excelling during market downturns with excess returns of 10.12% and 2.45% in 2023 and 2024 respectively [3][38]