| | Variable | Model | AIC | BIC |
| | AD | GARCH (1,0) | −5.287483 | −5.257941 | | GARCH (1,1) | −5.287718 | −5.250792 | | GARCH (2,1) | −5.284379 | −5.240067 |
| | C | GARCH (1,0) | 9.598306 | 9.627847 | | GARCH (1,1) | 9.582416 | 9.619342 | | GARCH (2,1) | 9.588508 | 9.632819 |
| | CL | GARCH (1,2) | 6.152950 | 6.197262 | | GARCH (2,2) | 6.156085 | 6.207782 | | GARCH (3,2) | 6.161463 | 6.220546 |
| | ES | GARCH (2,1) | 12.13357 | 12.17789 | | GARCH (1,2) | 12.13347 | 12.17778 | | GARCH (1,3) | 12.13857 | 12.19026 |
| | FC | GARCH (1,0) | 7.936671 | 7.966212 | | GARCH (1,1) | 7.929158 | 7.966084 | | GARCH (2,1) | 7.933221 | 7.977533 |
| | GC | GARCH (3,4) | 10.36803 | 10.44188 | | GARCH (6,4) | 10.38533 | 10.48134 | | GARCH (3,5) | 10.37408 | 10.45532 |
| | KC | GARCH (1,0) | 7.673029 | 7.702570 | | GARCH (1,1) | 7.664752 | 7.701679 | | GARCH (2,1) | 7.675658 | 7.719969 |
| | US | GARCH (1,0) | 5.850009 | 5.879550 | | GARCH (1,1) | 5.846725 | 5.883651 | | GARCH (2,1) | 5.853085 | 5.897397 |
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