excluded_year,r2_ret_5d,r2_rv_har_iv,n_obs_ret 2010,0.05366715703023728,0.48516022735769493,116766 2011,0.053509916077026265,0.4810305947601775,115801 2012,0.053682861064221266,0.4831446164900626,116111 2013,0.0538150359990901,0.48000358504665097,114266 2014,0.05290367062417112,0.4832766882583932,112401 2015,0.0514246766097608,0.49221705361344403,112130 2016,0.05199682043637355,0.48439671843418564,111577 2017,0.05472210727629934,0.4838661787880558,110943 2018,0.04689058407435642,0.48607972154878076,110948 2019,0.053964163348554806,0.48579573012166,110707 2020,0.05048103866727982,0.4142232450633596,110189 2021,0.05572667787311192,0.48167487402265774,109347 2022,0.049976864574241,0.47860338796316804,109013 2023,0.05323700902177875,0.48827157843816404,109401 2024,0.05715603235639366,0.489536092974064,108365 2025,0.05731674800941933,0.49002808553485677,108250