| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | AX | SPY | Δ |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 · ytd | +14.9% | −12.3% | −2.0% | +13.3% | −9.9% | +12.1% | +0.8% | — | — | — | — | — | +14.0% | +7.5% | +6.4pp |
| 2025 | +0.1% | −4.5% | −3.4% | −1.6% | +9.5% | +9.3% | +13.6% | +5.6% | −7.2% | −7.9% | +5.4% | +4.8% | +23.4% | +17.7% | +5.6pp |
| 2024 | +1.5% | −6.0% | +3.7% | −6.3% | +6.4% | +6.1% | +27.8% | −4.9% | −9.4% | +7.7% | +22.3% | −15.7% | +27.9% | +24.9% | +3.0pp |
| 2023 | +25.9% | −1.5% | −22.1% | +10.2% | −7.0% | +4.3% | +19.2% | −8.3% | −12.1% | −4.8% | +6.2% | +42.7% | +42.9% | +26.2% | +16.7pp |
| 2022 | −7.9% | +6.3% | −15.3% | −18.3% | +2.0% | −7.2% | +16.5% | +0.0% | −18.1% | +13.8% | +3.0% | −4.7% | −31.6% | −18.2% | −13.5pp |
| 2021 | +3.8% | +18.8% | +1.6% | −4.0% | +5.0% | −2.2% | +3.1% | +1.3% | +6.3% | +2.8% | +6.8% | −1.2% | +49.0% | +28.7% | +20.2pp |
| 2020 | −7.0% | −11.6% | −27.2% | +27.1% | −5.4% | +1.3% | +1.5% | +10.6% | −5.9% | +16.9% | +22.9% | +12.0% | +23.9% | +18.3% | +5.6pp |
| 2019 | +20.6% | +6.3% | −10.3% | +13.0% | −16.5% | −0.2% | +7.6% | −11.6% | +6.7% | +5.1% | +1.4% | +2.8% | +20.3% | +31.2% | −11.0pp |
| 2018 · part | — | — | — | — | — | — | — | — | — | — | +2.8% | −19.3% | −17.1% | −4.6% | −12.5pp |
A month’s return is its month-end close over the prior month-end’s, so a year’s figure is exactly the product of its twelve monthly cells — no separate annualisation, no resampling. A blank cell means no return exists for that month (the series had not started, or it is the very first month-end, which has nothing to be measured against). Blank is never zero.
Basis. AX is on the total return (splits + dividends) basis, SPY on the total return (splits + dividends) basis. Both columns are on the same basis, so the Δ column is a like-for-like difference.
Partial years. A year marked “ytd” or “part” does not cover the full calendar year: either the stored history starts inside it (the figure is measured from the first month-end present) or the data stops before December (the figure runs through the last stored close). The row’s own tooltip names the exact boundary. It is never dressed up as a calendar-year return.
End of day. These are stored end-of-day closes, and the window is anchored on the LAST stored bar rather than today’s date — so the newest row ends where the data ends. Nothing here is intraday.
