diff --git a/quantstats/reports.py b/quantstats/reports.py
index f0d8a9ad..1ce68c0b 100644
--- a/quantstats/reports.py
+++ b/quantstats/reports.py
@@ -1545,12 +1545,12 @@ def metrics(
         metrics["1Y %"] = _np.sum(df[df.index >= y1], axis=0) * pct
 
     # Multi-year annualized returns
-    d = today - relativedelta(months=35)
+    d = today - relativedelta(years=3)
     metrics["3Y (ann.) %"] = (
         _get_stats().cagr(df[df.index >= d], 0.0, compounded, win_year) * pct
     )
 
-    d = today - relativedelta(months=59)
+    d = today - relativedelta(years=5)
     metrics["5Y (ann.) %"] = (
         _get_stats().cagr(df[df.index >= d], 0.0, compounded, win_year) * pct
     )
diff --git a/tests/test_reports.py b/tests/test_reports.py
index e03bcc97..c00ae229 100644
--- a/tests/test_reports.py
+++ b/tests/test_reports.py
@@ -10,6 +10,7 @@
 
 import quantstats as qs
 from quantstats import reports
+from dateutil.relativedelta import relativedelta
 
 
 @pytest.fixture
@@ -174,6 +175,29 @@ def test_metrics_with_rf(self, sample_returns):
         # Results should be different
         assert not result_no_rf.equals(result_with_rf)
 
+    def test_metrics_use_full_three_and_five_year_windows(self):
+        """Test that multi-year annualized metrics use full labeled windows."""
+        dates = pd.date_range("2020-01-31", "2026-01-31", freq="ME")
+        returns = pd.Series(0.0, index=dates, name="Strategy")
+        returns.loc[pd.Timestamp("2021-01-31")] = 0.25
+        returns.loc[pd.Timestamp("2023-01-31")] = 0.15
+
+        result = reports.metrics(returns, display=False)
+
+        expected_3y = qs.stats.cagr(
+            returns[returns.index >= dates[-1] - relativedelta(years=3)],
+            rf=0.0,
+            compounded=True,
+        ).iloc[0]
+        expected_5y = qs.stats.cagr(
+            returns[returns.index >= dates[-1] - relativedelta(years=5)],
+            rf=0.0,
+            compounded=True,
+        ).iloc[0]
+
+        assert result.loc["3Y (ann.)", "Strategy"] == pytest.approx(round(expected_3y, 2))
+        assert result.loc["5Y (ann.)", "Strategy"] == pytest.approx(round(expected_5y, 2))
+
 
 class TestMatchDates:
     """Test date matching functionality."""