| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | HG | SPY | Δ |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 · ytd | −0.5% | +13.8% | +1.0% | +9.9% | −9.6% | +14.6% | +5.1% | — | — | — | — | — | +36.8% | +9.3% | +27.5pp |
| 2025 | +0.5% | +2.2% | +6.0% | −10.8% | +17.6% | −0.6% | −0.6% | +10.9% | +4.0% | −4.6% | +15.3% | +2.3% | +46.6% | +17.7% | +28.9pp |
| 2024 | +0.9% | −10.5% | +3.1% | −2.5% | +27.0% | −3.5% | +4.7% | +12.3% | −1.2% | −9.9% | +9.5% | −0.3% | +27.3% | +24.9% | +2.4pp |
| 2023 · part | — | — | — | — | — | — | — | — | — | — | — | −3.5% | −3.5% | +26.2% | −29.7pp |
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. HG 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 ⓘ | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 2 | 2 | 2 | 2 | 3 |
| Positive ⓘ | 67% | 67% | 100% | 33% | 67% | 33% | 67% | 100% | 50% | 0% | 100% | 33% |
| Median | +0.5% | +2.2% | +3.1% | −2.5% | +17.6% | −0.6% | +4.7% | +11.6% | +1.4% | −7.2% | +12.4% | −0.3% |
| Best | +0.9% | +13.8% | +6.0% | +9.9% | +27.0% | +14.6% | +5.1% | +12.3% | +4.0% | −4.6% | +15.3% | +2.3% |
| Worst | −0.5% | −10.5% | +1.0% | −10.8% | −9.6% | −3.5% | −0.6% | +10.9% | −1.2% | −9.9% | +9.5% | −3.5% |
| vs SPY ⓘ | −2.0pp | +3.5pp | +6.0pp | −0.6pp | +11.3pp | −5.8pp | +3.5pp | +9.4pp | −1.4pp | −8.0pp | +9.3pp | +2.1pp |
32 monthly observations across 2023–2026, benchmark SPY. The highlighted column is the current calendar month. Months are calendar months, not rolling 30-day windows.
