Core Viewpoint - In a volatile market environment, investors are increasingly focused on the value and stability of their investments in private equity funds, not just the potential returns. The Sharpe ratio is highlighted as a key indicator of "investment cost-effectiveness" [2]. Summary by Sections Overall Performance - As of March 20, 2026, there are 1,211 stock strategy products with a five-year Sharpe ratio, averaging below 0.5, with only about 8% having a Sharpe ratio greater than 1, indicating that achieving a Sharpe ratio around 1 is considered an excellent performance [3]. Performance by Company Size - **100 Billion and Above**: 208 products with an average return of 79.92%, 10.10% of which have a Sharpe ratio greater than 1 [4][5]. - **50-100 Billion**: 79 products with an average return of 61.59%, only 6.33% have a Sharpe ratio greater than 1, the lowest among all size groups [10]. - **20-50 Billion**: 148 products with an average return of 74.47%, 8.11% have a Sharpe ratio greater than 1 [13]. - **10-20 Billion**: 143 products with an average return of 90.06%, only 6.29% have a Sharpe ratio greater than 1 [16]. - **5-10 Billion**: 155 products with an average return of 121.5%, 11.61% have a Sharpe ratio greater than 1, the highest among all size groups [18]. - **0-5 Billion**: 478 products with an average return of 69.29%, 7.11% have a Sharpe ratio greater than 1, with 34 products leading in quantity [20]. Notable Products - In the **100 Billion and Above** category, notable products include "玄元元宝9号" managed by 玄元投资, which has shown strong performance [6][8]. - In the **50-100 Billion** category, products like "橡木永富" and "博普安泰2号" are highlighted, with both managed by 楼建平 [11][12]. - The **20-50 Billion** category features "博普瑞恒一号证券投资A类份额" from 前海博普资产, which has shown impressive returns [15]. - In the **5-10 Billion** category, "中颖无隅" from 中颖投资 stands out with a high Sharpe ratio [19]. - The **0-5 Billion** category includes "瀛聚盈禾金成一号" from 瀛聚盈禾, which is among the top performers [21].