Insights
RA Publications
Journal & Working Papers
CIO Insights
Capital Market Insights
Multimedia
Explore Smart Beta
ESG Investing
Solutions
Tools
Asset Allocation Interactive
AAI Hub
How to Invest
Mutual Funds & ETFs
Institutional, SMAs, and Commingled
Our Company
About Us
Our Team
Careers
Technology
Contact Us
In the News
Search
Loading...
Insights
Publications
Journal Papers
CIO Insights
Capital Market Insights
RA Multimedia
Explore Smart Beta
ESG Investing
Solutions
Tools
Asset Allocation Interactive
AAI Hub
How to Invest
Mutual Funds & ETFs
Institutional, SMAs, and Commingled
Our Company
About Us
Our Team
Careers
Technology
Contact Us
In the News
Regions
Global
UK/Europe
© 2026 Research Affiliates, LLC. All Rights Reserved.
Privacy Policy
Disclosures & Disclaimers
Terms of Use
ARTICLES
The Incredible Shrinking Factor Return
By
Rob Arnott
,
Lillian Wu
,
Vitali Kalesnik
April 2017
Read Time: 15 min
Save
Download
Create your free account or log in to keep reading.
Register or Log in
Please read our disclosures concurrent with this publication:
https://www.researchaffiliates.com/legal/disclosures#investment-adviser-disclosure-and-disclaimers
.
Investment Solutions
Trusted by investors around the world
Learn More >
FEATURED TAGS
Smart Beta
Value
Momentum
Multi-Factor
Factor Investing
Size
Rob Arnott
Lillian Wu
Vitali Kalesnik
RELATED CONTENT
APR 2026
Outgrowing Glamour: A Fundamental Approach to Growth Investing
MAR 2026
Why Value, Quality, and Momentum Belong Together
MAR 2026
Winning the Long Game with RAFI
Learn More About the Authors
Rob Arnott
Partner, Chair