$1.$ The investment profession has long argued over the relationship between growth and value investment styles. The following data shows the historical annual returns and standard deviations for a variety of indexes and time periods:

$\backslash$table$[[$Index$,\backslash$table$[[$Annual$],[$Return$]],\backslash$table$[[$Standard$],[$Deviation$]],$Date Range$],[$Russell $1000$ Growth,$12\mathrm{.}77\%,19\mathrm{.}54\%,1-1979$ to $08-2023$

The first panel in the table shows the Russell family of indexes over the entire history of these indexes $1979$ to present. Value has a higher annual return over this period with a lower standard deviation, when you consider small cap stocks.

The second panel in the table shows the Fama$-$French family of indexes over the entire history of those indexes $1927$ to present. Both large and small value stocks have higher annual returns over this period with higher standard deviations.

The third panel shows the Fama$-$French family of indexes over the period covered by the Russell family $1979$ to present.