You wish to compare the performance of two different mutual funds. During the same period, returns for the following were: Which mutual fund performed better on a risk-adjusted basis, i.e. RE: alpha? Pick the best answer, e.g. less negative alpha - closer to 0 - is better. Both funds delivered the same alpha or risk-adjusted returns One fund beat the S\&P benchmark Both funds underperformed relative to their risk M_Fund B delivered positive alpha. M_Fund B had higher alpha than M. Fund A