Top 5 gold funds and ETFs with highest risk-adjusted returns. Check details here - What is a risk-adjusted return?

The Sharpe ratio is a key measure of risk-adjusted returns, indicating the excess return generated over the risk-free rate for each unit of risk, as measured by standard deviation. Here are the top five gold commodity-based funds with the highest risk-adjusted returns. (Source: MF Screener Data) What is a risk-adjusted return?