Risk Factors

*Annualized returns up to 12.30.2025
Risk Factors* 6 months 1 year 5 years Full sample
Rm-Rf 3.35% 7.86% -5.32% 0.93%
SMB -3.93% 33.71% 7.13% -1.64%
HML 1.34% 9.32% 16.53% 6.64%
WML 10.05% -4.43% 17.48% 14.58%
IML -12.39% -3.35% 1.31% 0.50%
Risk-Free 15.16 14.32% 11.00% 11.80%