单选题

George-Hack is evaluating the risk level in his portfolio of approximately 20 U.S. stocks.He is only concerned with the possibility of earning a rate of return on the portfolio below what he can earn on T-bills.T-bills have been earning approximately4% on average over the last few years.The most appropriate measure of risk for Hack's portfolio is(     )。

【正确答案】 C
【答案解析】

Semivariance only measures returns below mean expectations.