| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | IONL | SPY | Δ |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 · ytd | −25.2% | −18.9% | −46.0% | +120.0% | +81.8% | −37.3% | −58.4% | — | — | — | — | — | −65.8% | +9.3% | −75.1pp |
| 2025 · part | — | — | — | +31.9% | +86.4% | +9.2% | −18.4% | +8.7% | +92.4% | −8.9% | −43.6% | −23.7% | +79.9% | +17.7% | +62.1pp |
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. IONL 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 ⓘ | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 1 |
| Positive ⓘ | 0% | 0% | 0% | 100% | 100% | 50% | 0% | 100% | 100% | 0% | 0% | 0% |
| Median | −25.2% | −18.9% | −46.0% | +76.0% | +84.1% | −14.0% | −38.4% | +8.7% | +92.4% | −8.9% | −43.6% | −23.7% |
| Best | −25.2% | −18.9% | −46.0% | +120.0% | +86.4% | +9.2% | −18.4% | +8.7% | +92.4% | −8.9% | −43.6% | −23.7% |
| Worst | −25.2% | −18.9% | −46.0% | +31.9% | +81.8% | −37.3% | −58.4% | +8.7% | +92.4% | −8.9% | −43.6% | −23.7% |
| vs SPY ⓘ | −26.7pp | −18.0pp | −41.0pp | +71.2pp | +78.3pp | −16.1pp | −39.2pp | +6.6pp | +88.9pp | −11.2pp | −43.8pp | −23.8pp |
16 monthly observations across 2025–2026, benchmark SPY. The highlighted column is the current calendar month. Months are calendar months, not rolling 30-day windows.
