A fund generates an annual return of $12\%$ with a standard deviation of $15\%.$ The benchmark market index return is $10\%$ and has a standard deviation of $16\%.$ Based on the Sharpe measure, what can you conclude regarding the performance of the fund relative to the benchmark? the fund has the same Sharpe Measure as the benchmark the fund underperformedO the fund outperformed the performance cannot be ascertained without information on risk$-$free rate.