---
title: The Cross-Section of Factor Returns
url: https://www.ml-quant.com/papers/ssrn/4441376/
site: ML-Quant (https://www.ml-quant.com)
updated: 2026-09-26
license: Summaries CC BY 4.0; links go to the original sources
index: https://www.ml-quant.com/llms.txt
identifier: SSRN 4441376
source_url: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4441376
featured: 2025-12-19
citations: 7
topic: Asset Pricing & Factors
---


# The Cross-Section of Factor Returns

Most of the 150 equity factors examined show positive returns but fail to deliver excess returns after accounting for risk, especially in downturns.

- Source: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4441376
- Identifier: SSRN 4441376
- Released: 2023-05-22
- First featured: Quant Letter No. 123 (2025-12-19): https://www.ml-quant.com/issues/2025-12-19/
- Citations (Semantic Scholar): 7
- Published in: not yet
- Topic: Asset Pricing & Factors

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