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Risk Factors

*Annualized returns up to 12.31.2018
Risk Factors* 6 months 1 year 5 years Full sample
Rm-Rf 34.77% 4.70% -0.23% 1.13%
SMB 9.53% -8.80% -9.36% -1.43%
HML 24.71% 24.16% 2.65% 5.77%
WML -4.45% 6.70% 14.04% 12.58%
IML 9.76% -7.88% -8.43% -0.07%
Risk-Free 6.21% 6.28% 10.66% 12.90%