Suppose two portfolios have the same average return and the same standard deviation of returns, but $x$ Fund has a lower beta than $Y$ Fund:

A$.$ Y Fund performs better than X Fund according to the Treynor measure.

B$.$ Y Fund performs better than X Fund according to the Sharpe measure.

C$.$ Y Fund performs better than X Fund according to the Information Ratio measure.

D$.$ Y Fund performs better than X Fund according to the $M^2$ measure.

E$.$ None of the options are correct.