Perbandingan Kinerja Reksa Dana Saham Syariah dan Reksa Dana Saham Konvensional Berdasarkan Metode Sharpe serta Treynor

Abstract

Capital market can not be separated from the role of Islamic economic which is developing day by day. So, the sharia capital market appears in accordance with Islamic law. One of the products from sharia capital market is sharia stock mutual fund which appears after the conventional stock mutual fund product. Sharia stock mutual fund is an instrument of capitalmarket which is developing as same as the Indonesia’s capital market. The purpose of thisresearch is to compare the performance of sharia stock mutual fund and the conventional stock mutual fund and also the benchmark by sharpe and treynor methode. The analysis methode is using comparative methode and average difference test with independent sample t-test. The result of this study shows that the level of significant is 0,067 by sharpe methode, it means that 0,067 > 0,05 so H05 is accepted. In other words, it means that the sharia stock mutual fund is better than coventional stock mutual fund. While, using treynor methode shows the level of significant is 0,018. It means 0,018< 0,05. So, H05 is rejected and Ha5 is accepted. In other words, it can be describes as the performance of conventional stock mutual fund is better than sharia stock mutual fund. Keywords: Conventional stock mutual fund, Sharia stock mutual fund, Sharp Method, Treynor Methode