Question: 1 . Two portfolio managers were responsible for managing a US value stock portfolio from 2 0 2 1 to 2 0 2 3 .

1. Two portfolio managers were responsible for managing a US value stock portfolio from 2021 to 2023. One manager's strategy earned a daily Sharpe ratio of 0.25 and the other manager's strategy earned an annual Sharpe ratio of 0.25. Which manager's performance is more impressive and why?

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