| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | HERZ | SPY | Δ |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 · ytd | −13.5% | −23.2% | +5.2% | +12.2% | +11.2% | −8.4% | −10.9% | — | — | — | — | — | −28.9% | +7.5% | −36.5pp |
| 2025 · part | — | — | — | — | — | — | — | +4.2% | −2.4% | −2.5% | +49.5% | +16.6% | +72.9% | +17.7% | +55.2pp |
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. HERZ 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.
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Years ⓘ | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Positive ⓘ | 0% | 0% | 100% | 100% | 100% | 0% | 0% | 100% | 0% | 0% | 100% | 100% |
| Median | −13.5% | −23.2% | +5.2% | +12.2% | +11.2% | −8.4% | −10.9% | +4.2% | −2.4% | −2.5% | +49.5% | +16.6% |
| Best | −13.5% | −23.2% | +5.2% | +12.2% | +11.2% | −8.4% | −10.9% | +4.2% | −2.4% | −2.5% | +49.5% | +16.6% |
| Worst | −13.5% | −23.2% | +5.2% | +12.2% | +11.2% | −8.4% | −10.9% | +4.2% | −2.4% | −2.5% | +49.5% | +16.6% |
| vs SPY ⓘ | −15.0pp | −22.4pp | +10.1pp | +1.7pp | +5.9pp | −7.4pp | −8.6pp | +2.2pp | −6.0pp | −4.9pp | +49.3pp | +16.5pp |
12 monthly observations across 2025–2026, benchmark SPY. The highlighted column is the current calendar month. Months are calendar months, not rolling 30-day windows.
