| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | FRMO | SPY | Δ |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 · ytd | +2.3% | +7.1% | −2.6% | −7.4% | −7.2% | +0.9% | +5.2% | — | — | — | — | — | −2.7% | +7.5% | −10.3pp |
| 2025 | −2.8% | −4.5% | −9.8% | +3.8% | −0.9% | +0.5% | +3.1% | +0.7% | +0.3% | −6.1% | −5.7% | −6.3% | −25.3% | +17.7% | −43.0pp |
| 2024 | +12.1% | −3.1% | +6.4% | −1.9% | −3.4% | +8.5% | −0.5% | −2.8% | +12.4% | +5.4% | +22.7% | −9.1% | +52.2% | +24.9% | +27.3pp |
| 2023 | +5.0% | −7.5% | −2.5% | −1.2% | −1.7% | −2.4% | −1.4% | +2.1% | −1.1% | +0.3% | −8.0% | −5.6% | −22.1% | +26.2% | −48.3pp |
| 2022 | −21.7% | −2.0% | +12.8% | −13.6% | +0.0% | −15.1% | +13.4% | −3.8% | +2.3% | +3.6% | −3.4% | −8.4% | −35.1% | −18.2% | −16.9pp |
| 2021 | −11.5% | +49.0% | −6.8% | −0.1% | −13.7% | −12.0% | +2.0% | −1.9% | −5.5% | +8.7% | +19.0% | +1.4% | +15.5% | +28.7% | −13.3pp |
| 2020 | +16.2% | −2.5% | −25.4% | −0.6% | −0.4% | +0.0% | +15.8% | +15.3% | −10.3% | +5.4% | +33.7% | +35.8% | +91.6% | +18.3% | +73.3pp |
| 2019 | +9.8% | +2.7% | −6.1% | +7.6% | +24.8% | +7.6% | −3.8% | −4.0% | −4.4% | −11.9% | +20.1% | −21.2% | +12.5% | +31.2% | −18.7pp |
| 2018 | −28.2% | −7.8% | −2.7% | +4.6% | +1.2% | −7.9% | +2.0% | −6.5% | +8.4% | +1.7% | −18.6% | −21.5% | −57.9% | −4.6% | −53.3pp |
| 2017 | +4.8% | −4.6% | −1.0% | +0.8% | −11.8% | −6.6% | +2.4% | +24.7% | +12.4% | +18.1% | +11.2% | +56.1% | +142.0% | +21.7% | +120.3pp |
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. FRMO 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.
