Risk Factors

*Annualized returns up to 08.31.2025
Risk Factors* 6 months 1 year 5 years Full sample
Rm-Rf 1.34% -13.45% -3.56% 0.65%
SMB 57.44% 27.16% 5.20% -1.74%
HML 5.18% 9.36% 16.88% 6.58%
WML -9.46% 8.42% 16.33% 14.73%
IML -4.04% -2.40% 1.36% 0.58%
Risk-Free 14.36 12.98% 10.11% 11.76%