近三年夏普比率大于1有多难？仅不足2成私募产品做到！夏普10强产品有哪些？

Core Viewpoint - The article discusses the performance evaluation of private equity funds, emphasizing the importance of the Sharpe ratio as a measure of risk-adjusted return, alongside absolute and excess returns [2]. Summary by Sections Sharpe Ratio Overview - The Sharpe ratio is a key indicator for assessing risk-adjusted returns, calculated as (expected return - risk-free rate) / standard deviation of returns [2]. - A higher Sharpe ratio indicates better risk-return efficiency, with a ratio above 1 suggesting returns exceed the volatility risk [2]. Performance of Private Equity Products - As of July 2025, there are 2,796 private equity products with a median Sharpe ratio of approximately 0.58 over the past three years, with only 538 products (about 19.24%) having a Sharpe ratio greater than 1 [4]. - Among the product strategies, stock strategy products are the most numerous (1,814), but have the lowest proportion of products with a Sharpe ratio above 1, attributed to high market volatility [3][4]. Product Strategy Breakdown - Stock Strategy: 1,814 products, median Sharpe ratio of 0.54, with only 203 (11.19%) having a Sharpe ratio greater than 1 [4]. - Futures and Derivatives: 380 products, median Sharpe ratio of 0.64, with 118 (31.05%) above 1 [4]. - Multi-Asset: 352 products, median Sharpe ratio of 0.69, with 104 (29.55%) above 1 [4]. - Bond Strategy: 192 products, median Sharpe ratio of 1.13, with 104 (54.17%) above 1 [4]. - Combination Funds: 58 products, median Sharpe ratio of 0.52, with 9 (15.52%) above 1 [4]. Top Performing Products - The article lists top-performing products with a Sharpe ratio greater than 1 across various strategies, including quantitative long, subjective long, market-neutral, multi-asset, subjective CTA, and quantitative CTA [5][7][10][12][15][18]. - Notable products include "积露11号" from 积露资产 and "君之健翱翔信泰" from 君之健投资, both showing significant returns and high Sharpe ratios [6][9][20]. Conclusion - The analysis highlights the varying performance of private equity products based on strategy, with bond strategies showing the highest risk-adjusted returns, while stock strategies lag behind due to market volatility [3][4].