Country

Mean return (%)

Standard deviation (%)

Beta

Modified Sharpe ratio

Modified Treynor ratio (%)

Mercosur countries

Argentina

9.13

14.51

0.99

0.64

9.22

Brazil

9.6

14.52

1.14

0.66

8.24

Paraguay^*

Uruguay

8.59

13.39

0.87

0.64

9.87

Venezuela

8.7

25.01

1.69

0.34

5.15

Pacific Alliance countries

Chile

11.74

16.87

1.33

0.69

8.83

Colombia

11.35

13.83

0.93

0.82

12.20

Mexico

11.09

15.62

0.69

0.70

16.07

Peru

10.12

16.05

1.09

0.63

9.28

HISSK countries

Hong Kong

10.89

10.13

0.66

1.07

16.50

Indonesia

8.26

13.65

1.05

0.60

7.87

Singapore

11.28

13.71

1.17

0.82

9.64

S. Korea

11.98

11.96

1.02

1.00

11.75

Index

8.46

9.62

1.00

0.88

8.46