| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | EXCOF | SPY | Δ |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 · ytd | +3.4% | +9.2% | −1.7% | −0.6% | +3.5% | −1.6% | +6.1% | — | — | — | — | — | +19.3% | +7.5% | +11.7pp |
| 2025 | −5.2% | −12.1% | −6.0% | −1.5% | +22.2% | +4.5% | +0.4% | −3.6% | +0.7% | −2.9% | +3.0% | +5.3% | +1.2% | +17.7% | −16.5pp |
| 2024 | −3.9% | −2.8% | −1.1% | −5.3% | +14.0% | +1.5% | −0.9% | +2.9% | +0.5% | +4.0% | −2.4% | −12.4% | −7.7% | +24.9% | −32.6pp |
| 2023 | +9.4% | −1.6% | −5.2% | −0.2% | +6.8% | +7.3% | +11.0% | −12.9% | −1.0% | −2.5% | +4.0% | +5.1% | +19.1% | +26.2% | −7.1pp |
| 2022 | −5.4% | −7.7% | +2.8% | −7.2% | −1.0% | −6.3% | +10.7% | −3.2% | −14.2% | −9.6% | +11.6% | −5.1% | −32.0% | −18.2% | −13.8pp |
| 2021 | +5.7% | +11.0% | +2.4% | +2.3% | +4.2% | −6.2% | −3.7% | −2.2% | −1.1% | +1.8% | −9.9% | +15.6% | +18.7% | +28.7% | −10.0pp |
| 2020 | −7.1% | −10.1% | −25.2% | +26.4% | −2.8% | +7.4% | −2.6% | +13.5% | −5.6% | +6.6% | +19.9% | +12.7% | +24.0% | +18.3% | +5.6pp |
| 2019 | +21.4% | −3.7% | −1.7% | −0.6% | −12.9% | −6.2% | +6.8% | −7.2% | −1.2% | +5.1% | +9.4% | −3.8% | +1.2% | +31.2% | −30.0pp |
| 2018 | −1.9% | −6.0% | −6.0% | +12.6% | −6.2% | −5.9% | +6.3% | +6.1% | −3.0% | −9.5% | +3.5% | −8.9% | −19.5% | −4.6% | −15.0pp |
| 2017 | +0.4% | +12.0% | +0.1% | −5.6% | +0.5% | −1.8% | +10.6% | −13.2% | +0.2% | +4.7% | −10.6% | +11.9% | +5.6% | +21.7% | −16.2pp |
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. EXCOF 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.
