The Random Walk Fund tends to have investment returns that fluctuate significantly: substantial positive returns one year are followed by negative returns the next year. The CAPM Fund has never ended the year with a negative return. Its returns tend to be similar to the return of the Toronto stock index. Despite this, the Random Walk Fund and the CAPM Fund both posted 10-year average annual returns of 8. 5%. When comparing the two mutual funds, what statement is true? (1) The consistency of a fund's return over a reasonable period of time is not as important as a fund's return each year. ( 2) The CAPM Fund has a higher volatility than the Random Walk Fund. 3) The Random Walk Fund will have a standard deviation that is higher than the standard deviation of the CAPM Fund. ( 4) The CAPM Fund will have a beta factor of approximately 2