Returns use ADJUSTED closes (splits + dividends).
Volume as VALUE TRADED — close × volume, in USD.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | IHI | SPY | Δ |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 · ytd | −3.3% | +0.2% | −11.3% | −4.3% | −4.1% | +0.9% | +6.3% | +5.1% | — | — | — | — | −11.1% | +13.4% | −24.6pp |
| 2025 | +9.4% | −0.1% | −5.6% | −0.7% | +3.5% | +1.3% | −4.7% | +4.1% | −3.2% | +0.2% | +6.9% | −3.3% | +6.9% | +17.7% | −10.8pp |
| 2024 | +3.4% | +1.8% | +3.1% | −6.1% | +0.9% | +1.0% | −2.0% | +7.2% | +0.8% | −1.8% | +5.1% | −4.3% | +8.6% | +24.9% | −16.3pp |
| 2023 | +2.7% | −3.7% | +3.9% | +5.2% | −6.8% | +6.8% | −0.6% | −6.4% | −7.4% | −6.7% | +10.8% | +7.9% | +3.2% | +26.2% | −22.9pp |
| 2022 | −10.4% | +0.3% | +3.0% | −9.7% | −1.1% | −7.2% | +6.5% | −6.0% | −6.4% | +6.4% | +5.7% | −0.8% | −19.8% | −18.2% | −1.6pp |
| 2021 | +1.9% | −1.2% | +0.3% | +7.3% | −2.3% | +4.4% | +5.8% | +3.0% | −4.2% | +4.2% | −5.6% | +6.7% | +21.0% | +28.7% | −7.7pp |
| 2020 | +0.1% | −8.7% | −6.7% | +14.2% | +4.3% | −1.3% | +9.5% | +4.8% | −1.3% | −0.5% | +5.0% | +4.6% | +24.2% | +18.3% | +5.8pp |
| 2019 | +7.8% | +5.0% | +2.4% | −2.9% | −1.9% | +9.2% | +2.3% | +1.2% | −0.7% | +0.8% | +4.3% | +1.9% | +32.8% | +31.2% | +1.5pp |
| 2018 | +10.2% | −3.9% | +0.7% | +1.8% | +5.1% | +1.4% | +3.8% | +5.6% | +3.5% | −9.8% | +5.5% | −7.6% | +15.5% | −4.6% | +20.0pp |
| 2017 | +6.8% | +5.1% | +1.4% | +4.2% | +1.9% | +3.6% | −1.3% | +0.9% | +0.8% | +3.3% | +3.0% | −2.2% | +30.8% | +21.7% | +9.1pp |
Month-end over prior month-end; a blank cell is no return.
Basis. Both columns share one basis, so Δ is like-for-like.
End-of-day closes; a “ytd” or “part” year is not a full year.
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Years ⓘ | 20 | 20 | 20 | 20 | 20 | 21 | 21 | 21 | 20 | 20 | 20 | 20 |
| Positive ⓘ | 75% | 60% | 80% | 50% | 65% | 62% | 62% | 67% | 45% | 60% | 70% | 75% |
| Median | +2.5% | +0.6% | +1.3% | +0.7% | +1.9% | +1.0% | +2.6% | +1.2% | −1.0% | +0.7% | +2.9% | +1.6% |
| Best | +10.2% | +5.7% | +6.2% | +14.2% | +5.1% | +9.2% | +9.5% | +7.2% | +12.6% | +8.0% | +10.8% | +8.8% |
| Worst | −10.4% | −11.6% | −11.3% | −9.7% | −7.8% | −7.2% | −5.1% | −8.6% | −7.9% | −21.5% | −16.3% | −7.6% |
| vs SPY ⓘ | +3.1pp | +0.0pp | −0.1pp | −0.5pp | −0.2pp | +1.2pp | +0.4pp | +0.2pp | +0.2pp | −1.7pp | +0.1pp | +0.8pp |
243 monthly observations · 2006–2026 · benchmark SPY
