The administrator of a large pension fund wants to evaluate the performance of four portfolio managers. Each portfolio manager invests only in U.S. common stocks. Assume during the most recent 5-year period, the average annual total rate of return including dividends on the S&P 500 was 14%, and the average nominal rate of return on government Treasury bills was 8%. The following table shows risk and return measures for each portfolio.

Portfolio	Average Annual Rate of Return	Standard Deviation	Beta
P	0.17	0.20	1.1
Q	0.24	0.18	2.1
R	0.11	0.10	0.5
S	0.16	0.14	1.5
S&P 500	0.14	0.12	1.0

Compute the Treynor measure for Portfolio P and compute the Sharpe measure for Portfolio Q.

Can these two measures provide similar ranking? Why?