Assume that you manage a risky portfolio with an expected rate of return of 19% and a standard deviation of 29%. The T-bill rate is 3%. You estimate that a passive portfolio invested to mimic the S&P 500 stock index provides an expected rate of return of 10% with a standard deviation of 22%

Are you outperforming the market?. Please show your work. (Hint: use Sharpe ratio)