Risk Factors

*Annualized returns up to 06.30.2025
Risk Factors* 6 months 1 year 5 years Full sample
Rm-Rf 12.38% -1.11% -1.65% 0.88%
SMB -3.27% 3.26% -1.73% -0.59%
HML 36.91% 16.91% 24.70% 3.44%
WML -20.64% 0.28% 21.62% 9.80%
IML 18.05% -1.28% -1.99% -0.28%
Risk-Free 13.49 12.24% 9.65% 11.73%