Penelitian ini bertujuan untuk menganalisis kinerja reksadana saham syariah periode 2021-2023 dengan metode Sharpe, Treynor, Jensen, M-Square, dan Treynor and Treynor. Sampel penelitian ini sebanyak 40 reksadana saham syariah yang mempublikasikan Nilai Aktiva Bersih (NAB) dan terdaftar di Otoritas Jasa Keuangan selama periode penelitian yaitu 2021-2023. Penelitian ini menggunakan sampel yang dipilih secara purposif berdasarkan kriteria tertentu yang telah ditetapkan. Metode analisis data dalam penelitian ini adalah analisis deskriptif yaitu untuk mengetahui perbedaan kinerja reksadana saham syariah dengan metode Sharpe, Treynor, Jensen, M-Square, dan Treynor and Treynor pada reksadana saham syariah periode 2021-2023. Alat yang digunakan dalam uji statistik menggunakan software IBM SPSS 25 dengan uji Kruskal Wallis untuk pembuktian hipotesis. Hasil penelitian menunjukkan bawa terdapat perbedaan kinerja reksadana saham syariah yang signifikan antara metode Sharpe, Treynor, Jensen, M-Square, dan Treynor and Treynor.
Kata Kunci: Reksadana Saham Syariah, Kinerja Reksadana, Sharpe, Treynor, Jensen, M-Square, Treynor and Treynor

This purpose of this research is to analyze the performance of sharia equity mutual funds during 2021-2023 using the Sharpe, Treynor, Jensen, M-Square, and Treynor and Treynor methods. The sample consists of 40 sharia equity mutual funds that published their Net Asset Value (NAV) and are registered with the Financial Services Authority during the research period from 2021 to 2023. The study employs a purposively selected samplel based on specific predatermined criteria. The data analysis method in this study is descriptive analysis, namely to determine the differences in the performance of Islamic stock mutual funds using the Sharpe, Treynor, Jensen, M-Square, and Treynor and Treynor methods on Islamic stock mutual funds for 2021-2023 period. The statistical analysis tool utilizes IBM SPSS 25 software with the Kruskal-Wallis test to test the hypothesis. The results of this study indicate that there are significant differences in the performance of Islamic stock mutual funds between the Sharpe, Treynor, Jensen, M-Square, and Treynor and Treynor methods.
Keywords: Sharia Equity Mutual Funds, Fund Performance, Sharpe, Treynor, Jensen, M-Square, Treynor and Treynor