| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | GNLAF | SPY | Δ |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 · ytd | +0.0% | +12.4% | +0.2% | −2.4% | +0.0% | +0.0% | +0.0% | — | — | — | — | — | +10.0% | +9.3% | +0.7pp |
| 2025 | −18.5% | +0.0% | +0.0% | +0.0% | −6.4% | +0.0% | +0.0% | +0.0% | +13.9% | +0.0% | +0.0% | −9.6% | −21.5% | +17.7% | −39.2pp |
| 2024 | −0.6% | +0.0% | +14.1% | +17.0% | +8.8% | +0.0% | +0.0% | +8.1% | +11.6% | +1.3% | −4.5% | +0.0% | +68.6% | +24.9% | +43.8pp |
| 2023 | +0.0% | +14.1% | +0.0% | +0.0% | +0.0% | +0.0% | +0.5% | +0.0% | −0.6% | +0.0% | +0.0% | +0.0% | +14.0% | +26.2% | −12.2pp |
| 2022 | −4.0% | +10.5% | +0.0% | +0.0% | −8.0% | +0.0% | −7.0% | −5.6% | +0.0% | +0.0% | +0.0% | −7.1% | −20.5% | −18.2% | −2.3pp |
| 2021 | +0.0% | −6.3% | +10.2% | +27.8% | −2.6% | −5.4% | −1.8% | +0.3% | +4.3% | −0.5% | −7.3% | −6.6% | +7.8% | +28.7% | −20.9pp |
| 2020 | −12.6% | +0.0% | +0.0% | −48.2% | +0.0% | +0.0% | +4.7% | +9.0% | +9.3% | +5.7% | +42.9% | +9.4% | −6.8% | +18.3% | −25.1pp |
| 2019 | +0.0% | +0.0% | +0.0% | +0.0% | −16.3% | +1.0% | +0.0% | +0.0% | +0.7% | −4.4% | +0.0% | +0.0% | −18.6% | +31.2% | −49.8pp |
| 2018 | −3.7% | −0.8% | −10.8% | +0.0% | +7.3% | +3.9% | +0.0% | +0.0% | +0.0% | +0.0% | +0.0% | −21.4% | −25.3% | −4.6% | −20.8pp |
| 2017 | +0.0% | +3.1% | −4.2% | +12.7% | −9.2% | +17.0% | +0.0% | +0.0% | +0.0% | +0.0% | +22.8% | +0.0% | +45.2% | +21.7% | +23.5pp |
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. GNLAF is on the price only (split-adjusted close; dividends NOT included) basis, SPY on the total return (splits + dividends) basis. THE TWO DIFFER: one series includes dividends and the other does not, so the Δ column flatters whichever one is on the total-return basis. Read it with that in mind — the bases are printed rather than silently reconciled.
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.
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Years ⓘ | 16 | 17 | 17 | 17 | 17 | 17 | 17 | 16 | 16 | 16 | 16 | 16 |
| Positive ⓘ | 13% | 41% | 35% | 47% | 24% | 41% | 18% | 31% | 50% | 19% | 13% | 13% |
| Median | +0.0% | +0.0% | +0.0% | +0.0% | +0.0% | +0.0% | +0.0% | +0.0% | +0.3% | +0.0% | +0.0% | −1.3% |
| Best | +6.0% | +45.5% | +28.3% | +28.3% | +9.2% | +39.4% | +4.7% | +9.0% | +18.2% | +5.7% | +42.9% | +9.4% |
| Worst | −23.1% | −28.4% | −10.8% | −48.2% | −16.3% | −15.2% | −10.0% | −6.4% | −22.7% | −8.6% | −8.4% | −21.4% |
| vs SPY ⓘ | −2.0pp | +0.1pp | +1.6pp | +3.7pp | −2.3pp | −1.8pp | −2.3pp | +1.6pp | +2.8pp | −4.3pp | −3.2pp | −2.6pp |
198 monthly observations across 2010–2026, benchmark SPY. The highlighted column is the current calendar month. Months are calendar months, not rolling 30-day windows.
