Analisis Kinerja Reksa Dana Konvensional Dan Syariah Menggunakan Sharpe, Treynor dan Jansen Rasio

N. Bilqis Fauziah; Yoyok Prasetyo; Megasari Juhari Putri

doi:10.32670/jim.v17i2.58

Authors

N. Bilqis Fauziah Universitas Islam Nusantara
Yoyok Prasetyo Universitas Islam Nusantara
Megasari Juhari Putri Universitas Islam Nusantara

DOI:

https://doi.org/10.32670/jim.v17i2.58

Abstract

Investment growth in the Indonesian capital market has increased, one of which is mutual Funds, which have experienced annual growth. Mutual Funds can be an attractive investment option because they offer diversification, low costs, flexibility in investing, and are managed by investment managers who are professionals in the capital market. This study employs a descriptive quantitative method. The researcher selected fixed-income mutual Fund products with 24 samples, comprising 21 conventional mutual Funds and 3 sharia mutual Funds, which will be analyzed using the Sharpe, Treynor, and Jensen methods from 2020 to 2024. The data used is secondary data. Based on the analysis of fixed-income mutual Fund performance using the Sharpe and Treynor methods, the product with the highest value is Danamas Stabil, while based on the Jensen method, the product with the highest value is ABF Indonesia Bond index Fund. The fixed-income mutual Funds that consistently generate positive values based on the Sharpe, Treynor, and Jensen methods are Danamas Stabil and ABF Indonesia Bond index Fund, which are worthy of consideration as investment options.

Keywords: Jensen, Mutual Funds, Sharia Mutual Funds, Sharpe, Treynor

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