Two investments, X and Y, have beta values of 0.1 and 3.0 respectively. Based on this, we can claim that, relative to the market portfolio, both have more nondiversifiable risk than the market portfolio. both have less nondiversifiable risk than the market portfolio. X has more nondiversifiable risk and Y has less nondiversifiable risk than the market portfolio. X has less nondiversifiable risk and Y has more nondiversifiable risk than the market portfolio.