John Dow wants to choose one mutual fund to invest all his money in. There is a set of available mutual funds with similar investment styles and risk profiles that he considers. Which criterion would be the most appropriate for John Dow to make a decision:

a.

Choose the fund with the highest Sharpe ratio

b.

Choose the fund with the highest alpha

c.

Choose the fund with the highest information ratio

d.

Choose the fund with the highest Treynor ratio