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Over the past 6 months, you observe the following monthly returns for an actively managed small cap mutual fund and for the benchmark small cap

Over the past 6 months, you observe the following monthly returns for an actively managed small cap mutual fund and for the benchmark small cap index:

Time Fund return (%) Index return (%)
1 1.67 1.15
2 2.49 2.58
3 -1.32 -1.46
4 -0.76 -0.51
5 1.77 1.35
6 -2.69 -2.65

What is the information ratio for the fund over this period?

The answer is .39

Please show how to get that in excel.

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