Risk Factors

*Annualized returns up to 09.30.2025
Risk Factors* 6 months 1 year 5 years Full sample
Rm-Rf -5.33% -9.44% -2.40% 0.69%
SMB 52.03% 35.58% 6.82% -1.61%
HML 6.13% 12.24% 17.74% 6.71%
WML 18.32% 6.58% 17.12% 14.86%
IML -2.00% 1.16% 2.17% 0.63%
Risk-Free 14.88 13.40% 10.34% 11.77%