Risk Factors

*Annualized returns up to 07.31.2025
Risk Factors* 6 months 1 year 5 years Full sample
Rm-Rf -14.00% -12.24% -5.09% 0.47%
SMB 57.23% 28.83% 5.92% -1.64%
HML 17.93% 14.22% 16.71% 6.78%
WML -9.75% 1.24% 16.27% 14.69%
IML 1.73% 1.95% 2.46% 0.74%
Risk-Free 13.99 12.65% 9.89% 11.75%