Boström, Anna-LinaPetersson, Johanna2012-03-272012-03-272012-03-27http://hdl.handle.net/2077/28997This study aims to examine and compare the performance of five small-cap funds and five large-cap funds during a ten-year time period and two sub-periods. The used performance measures to evaluate the funds are Jensen’s alpha, Sharpe and Treynor ratio. The investigation indicates that the selected small-cap funds outperform the large caps in every single time period, based on the risk-adjusted return. Remarkable is that the large-cap funds performed best during the period of crisis compared to the pre-crisis and full-time period. However, the small-cap funds seem to be a superior investment despite the economic downturn.engtext