Returns use ADJUSTED closes (splits + dividends).
Volume as VALUE TRADED — close × volume, in USD.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | BNEFF | SPY | Δ |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 · ytd | +13.4% | +3.2% | +22.3% | +10.6% | −9.8% | −18.1% | +6.0% | +1.7% | — | — | — | — | +26.1% | +12.6% | +13.6pp |
| 2025 | −5.6% | +2.4% | −2.8% | −6.1% | +14.2% | −3.6% | +8.5% | −9.0% | +4.4% | −2.7% | +5.9% | +21.4% | +25.2% | +17.7% | +7.5pp |
| 2024 | −6.5% | −0.4% | +24.3% | −4.8% | −10.6% | −1.6% | −8.9% | −6.3% | −16.6% | −11.1% | −0.4% | +9.5% | −33.1% | +24.9% | −58.0pp |
| 2023 | +0.5% | −2.8% | +0.4% | +1.2% | −20.4% | +7.7% | +22.6% | +4.3% | +2.8% | −11.1% | −9.5% | −11.7% | −20.6% | +26.2% | −46.7pp |
| 2022 | +35.8% | +25.7% | +34.1% | −10.4% | +7.0% | −29.6% | +9.1% | −11.0% | −25.9% | +31.4% | −11.1% | −14.8% | +10.7% | −18.2% | +28.9pp |
| 2021 | +13.5% | +37.6% | +23.1% | −10.9% | +29.1% | +16.8% | +4.5% | −12.7% | +15.4% | +21.9% | −20.8% | +2.3% | +168.5% | +28.7% | +139.8pp |
| 2020 | −13.6% | −32.7% | −61.4% | +32.5% | +9.3% | −2.1% | +24.5% | −4.4% | −30.9% | +15.3% | +41.1% | +31.1% | −44.2% | +18.3% | −62.5pp |
| 2019 | −4.8% | +5.5% | −0.4% | +5.7% | −15.9% | −1.9% | −5.0% | −17.3% | −2.9% | −19.2% | −6.7% | +31.0% | −34.4% | +31.2% | −65.6pp |
| 2018 | −7.5% | −5.1% | −2.2% | +20.1% | +3.7% | +4.8% | +8.4% | +4.1% | +1.9% | −23.0% | −54.6% | −8.4% | −58.7% | −4.6% | −54.1pp |
| 2017 | −11.8% | −4.1% | −5.1% | −16.8% | −17.9% | +11.5% | +5.9% | −5.2% | +3.3% | −9.8% | +2.2% | +3.3% | −39.7% | +21.7% | −61.4pp |
Month-end over prior month-end; a blank cell is no return.
Basis. Both columns share one basis, so Δ is like-for-like.
End-of-day closes; a “ytd” or “part” year is not a full year.
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Years ⓘ | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 17 | 17 | 17 | 18 |
| Positive ⓘ | 44% | 61% | 50% | 72% | 50% | 39% | 67% | 39% | 53% | 53% | 29% | 61% |
| Median | −3.6% | +1.8% | −0.0% | +3.8% | −2.2% | −1.7% | +5.2% | −5.3% | +1.5% | +1.1% | −3.1% | +2.8% |
| Best | +35.8% | +37.6% | +34.1% | +37.0% | +29.1% | +16.8% | +26.7% | +10.0% | +15.4% | +31.4% | +41.1% | +31.1% |
| Worst | −13.7% | −32.7% | −61.4% | −16.8% | −20.4% | −29.6% | −27.7% | −17.3% | −30.9% | −23.0% | −54.6% | −22.5% |
| vs SPY ⓘ | −3.2pp | +1.0pp | −1.6pp | +1.6pp | −2.4pp | −2.7pp | +1.9pp | −6.2pp | −1.1pp | −3.3pp | −4.8pp | +1.2pp |
213 monthly observations · 2008–2026 · benchmark SPY
