| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | GOLF | SPY | Δ |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 · ytd | +21.4% | +5.6% | −8.4% | +3.6% | −8.3% | +33.9% | −13.5% | — | — | — | — | — | +29.2% | +7.5% | +21.6pp |
| 2025 | −8.1% | −1.6% | +7.1% | −3.6% | +3.1% | +7.1% | +9.3% | −3.4% | +2.7% | −1.5% | +8.8% | −4.8% | +14.1% | +17.7% | −3.6pp |
| 2024 | +0.3% | +1.7% | +2.7% | −7.5% | +8.1% | −3.4% | +14.3% | −7.7% | −4.5% | −3.8% | +19.3% | −2.5% | +14.0% | +24.9% | −10.9pp |
| 2023 | +10.6% | +2.8% | +6.0% | −1.6% | −10.7% | +22.7% | +9.1% | −1.5% | −9.4% | −3.9% | +11.3% | +11.8% | +51.0% | +26.2% | +24.8pp |
| 2022 | −12.0% | −6.2% | −7.7% | +1.2% | −0.1% | +2.9% | +16.9% | −2.2% | −8.4% | +7.1% | −2.4% | −6.2% | −18.7% | −18.2% | −0.5pp |
| 2021 | +0.7% | +3.4% | −1.7% | +2.4% | +25.7% | −6.9% | +3.7% | −2.5% | −6.2% | +9.1% | +6.8% | −2.1% | +32.7% | +28.7% | +4.0pp |
| 2020 | −4.7% | −17.8% | +1.7% | +6.5% | +22.0% | +4.6% | +9.4% | −7.3% | −4.3% | +1.5% | +10.5% | +8.0% | +27.1% | +18.3% | +8.8pp |
| 2019 | +9.1% | +8.4% | −6.6% | +8.9% | −6.3% | +11.8% | −2.7% | +2.2% | +1.7% | +7.8% | +6.2% | +8.1% | +57.6% | +31.2% | +26.4pp |
| 2018 | +1.8% | −1.2% | +9.6% | +4.6% | −0.5% | +2.3% | −1.2% | +12.5% | +1.4% | −10.9% | −5.9% | −7.8% | +2.1% | −4.6% | +6.7pp |
| 2017 | −5.9% | −5.6% | −1.3% | +6.4% | +4.7% | +4.4% | −6.9% | −10.3% | +8.0% | +4.0% | +8.2% | +6.1% | +9.8% | +21.7% | −11.9pp |
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. GOLF 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.
