Risk Factors

*Annualized returns up to 10.31.2025
Risk Factors* 6 months 1 year 5 years Full sample
Rm-Rf -10.04% -6.49% -2.26% 0.71%
SMB 58.29% 34.08% 7.06% -1.54%
HML 4.86% 9.91% 17.34% 6.67%
WML 13.31% -3.51% 15.67% 14.54%
IML -11.76% -4.35% 1.25% 0.47%
Risk-Free 15.36 13.77% 10.59% 11.79%