Fig 1.
Types of investment funds with different bases.
Fig 2.
Types of risk-adjusted performance evaluation measures.
Table 1.
Introduction of performance evaluation criteria.
Table 2.
Descriptive statistics of monthly returns for selected funds.
Table 3.
Constructed decision matrix for performance metrics.
Table 4.
Normalization of the decision matrix for performance metrics.
Table 5.
Entropy values and objective weights for performance metrics.
Table 6.
Aggregate scores computed using the weighted sum model (WSM).
Table 7.
Aggregate scores computed using the weighted product model (WPM).
Table 8.
Combined scores derived from the integration of WSM and WPM scores.
Table 9.
Impact of λ on performance ranking.
Table 10.
Ranking results of other MADM approaches.
Fig 3.
Weight sensitivity analysis.