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Risk Factors

*Annualized returns up to 12.31.2017
Risk Factors* 6 months 1 year 5 years Full sample
Rm-Rf 32.54% 16.30% -3.18% 0.93%
SMB 24.89% 34.97% -12.26% -0.99%
HML 22.19% 14.12% -2.85% 4.78%
WML 23.56% 19.62% 17.57% 12.93%
IML 23.66% 40.68% -9.59% 0.42%
Risk-Free 7.88% 9.54% 11.02% 13.31%