AAPL has a Sharpe ratio of 2.5. GM has a Sharpe ratio of 1.2. Which of the following statements is most correct?

Group of answer choices

GM's returns are 1.2% above the index, while AAPL's returns are 2.5% above the index.

AAPL has higher returns than GM.

GM has higher returns than AAPL.

AAPL has higher returns given the level of risk (or higher returns per unit of risk).