---
title: Portfolio Performance Ratios
url: https://www.ml-quant.com/papers/ssrn/4726423/
site: ML-Quant (https://www.ml-quant.com)
updated: 2026-09-26
license: Summaries CC BY 4.0; links go to the original sources
index: https://www.ml-quant.com/llms.txt
identifier: SSRN 4726423
source_url: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4726423
featured: 2024-02-21
citations: unknown
topic: Portfolio & Allocation
---


# Portfolio Performance Ratios

The article proposes four coherence axioms that portfolio performance ratios should meet, arguing that performance ratios with fixed thresholds other than the risk-free rate do not meet these axioms, allowing portfolio managers to manipulate performance ratios by altering the proportion of the risk-free asset in the portfolio.

- Source: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4726423
- Identifier: SSRN 4726423
- Released: 2021-04-08
- First featured: Quant Letter No. 38 (2024-02-21): https://www.ml-quant.com/issues/2024-02-21/
- Citations (Semantic Scholar): not tracked
- Published in: not yet
- Topic: Portfolio & Allocation

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