Portlolio return and standard deviation Jamie Wong is thinking of building an investrnent portfolio containing two exchange traded funds (ETFs). Jamie plans to ifwest $5.500 in and return Sx years of historical annual refurns for each ETF are shown in the following table. a. Calculate the portfolio return, rp, for each of the 6 years assuming that 55% is invested in v00 and 45% is invested in 000 b. Calculate the average annual retum for each ETF and the pertlolio over the skcyear pociod c. Calculate the standard devistion of annual returns for each ETF and tho portlolio. How does the portolio standard deviation compare fo the standard deviations of the individual ETFs? d. Calculate the correlation coefficiont for the two EIFs. How would you characterize the correlation of returns of the two ETFs? e. Discuss any Rerely benefits of diversification achieved by Jamie through creation of the portolio. tandard deviation Jamie Wong is thinking of building an investment portfolio F (VOO) and \$4,500 in Invesco QQQ Trust (QQQ). Jamie has decided to analy. f historical annual returns for each ETF are shown in the following table: lio return, rp, for each of the 6 years assuming that 55% is invested in Voc and ge annual return for each ETF and the portfolio over the six-year period. Data table (Click on the icon here in order to copy the contents of the data table be into a spreadsheet)