Analisa Perbandingan Kinerja Reksa Dana Saham Dengan Kinerja Pasar (Ihsg) Melalui Metode Sharpe Dan Treynor

This study examine stock mutual fund performance compared with market performance (IHSG) by Sharpe and Treynor approaches. The problem in this study is whether there are significant difference between stock mutual fund performance and market performance (IHSG) in Indonesian Stock Exchange (BEI) by Sharpe approach? And whether there are significant difference between stock mutual fund performance and market performance (IHSG) in Indonesia Stock Exchange (BEI) by Treynor approach? Stock mutual fund performance evaluation can be done by comparing with market performance through appropriate benchmark (IHSG). The sample in this study are 9 stocks mutual fund listed in Indonesia Stock Exchange year 2009 to 2012. The analysis used in this study is Independent sample t-test by IBM SPSS 20 program package. The results show that there are significant difference between stock mutual fund performance with market performance used Sharpe method and neither significant difference between stock mutual fund performance with market performance used Treynor method. This results implies that invesment at stock mutual fund result performance lower from market performance. Thereby investment at stock mutual fund require to more special study because in the reality mostly stock mutual fund performance haven't performance better than market performance. Keywords: performance, mutual funds, stock index, the method of Sharpe and Treynor metho