Fire Investment manages two funds. Portfolio 1 has a return of 12.2% and a standard deviation of return of 14.6% while Portfolio 2 has a return of 6.1% and a standard deviation of 9.6%. As a comparison, the current Risk-Free expected return is 2.2%. If you are seeking the most optimal and efficient portfolio (rather than just the highest return) which portfolio is better (i.e. most efficient)?

		Portfolio 1
		Portfolio 2
		Neither, they are equally efficient