| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | IPI | SPY | Δ |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 · ytd | +18.4% | +12.6% | +15.7% | −7.5% | −1.3% | −16.1% | +8.2% | — | — | — | — | — | +27.9% | +7.5% | +20.3pp |
| 2025 | +19.9% | −0.8% | +12.6% | +12.4% | +14.3% | −5.4% | −6.9% | −8.6% | +0.5% | −12.9% | −5.0% | +9.6% | +26.5% | +17.7% | +8.8pp |
| 2024 | −23.0% | +14.6% | −1.0% | −3.5% | +33.3% | −12.7% | +11.4% | −5.4% | −2.8% | +4.5% | +8.1% | −19.1% | −8.2% | +24.9% | −33.1pp |
| 2023 | +13.4% | −3.2% | −12.9% | −6.6% | −31.8% | +29.1% | +21.2% | −2.4% | −6.2% | −20.9% | +3.3% | +16.3% | −17.2% | +26.2% | −43.4pp |
| 2022 | −9.2% | +46.7% | +44.4% | −6.8% | −14.0% | −31.2% | +0.7% | +2.5% | −15.3% | +14.4% | −20.3% | −19.9% | −32.4% | −18.2% | −14.3pp |
| 2021 | −5.9% | +30.6% | +9.7% | −1.2% | −11.0% | +11.3% | −4.9% | +2.3% | −0.4% | +57.6% | −15.6% | +4.0% | +76.9% | +28.7% | +48.2pp |
| 2020 | −12.2% | −25.6% | −54.8% | +20.4% | +27.7% | −19.5% | −8.5% | +3.1% | −9.6% | +18.2% | +29.7% | +86.6% | −10.9% | +18.3% | −29.2pp |
| 2019 | +19.6% | +22.2% | −0.3% | −1.8% | −15.1% | +6.3% | +11.3% | −20.6% | +10.1% | −5.5% | −26.2% | +18.9% | +4.2% | +31.2% | −27.0pp |
| 2018 | −18.3% | −14.9% | +10.0% | +24.5% | −1.1% | −8.5% | +4.1% | −20.4% | +5.6% | +10.0% | −15.9% | −21.7% | −45.4% | −4.6% | −40.8pp |
| 2017 | −1.9% | −2.0% | −14.0% | +5.2% | +18.2% | +5.6% | +34.1% | +22.4% | +17.5% | −7.8% | −5.0% | +24.6% | +128.8% | +21.7% | +107.1pp |
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. IPI 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 ⓘ | 18 | 18 | 18 | 18 | 19 | 19 | 19 | 18 | 18 | 18 | 18 | 18 |
| Positive ⓘ | 33% | 61% | 44% | 50% | 37% | 58% | 53% | 39% | 44% | 50% | 39% | 61% |
| Median | −3.6% | +6.0% | −0.7% | +0.5% | −1.1% | +1.4% | +0.7% | −3.3% | −1.6% | −2.1% | −5.0% | +3.7% |
| Best | +19.9% | +46.7% | +44.4% | +33.8% | +33.3% | +33.8% | +34.1% | +22.4% | +26.0% | +57.6% | +31.7% | +86.6% |
| Worst | −26.1% | −54.6% | −54.8% | −13.4% | −31.8% | −31.2% | −32.9% | −20.6% | −36.4% | −30.3% | −26.2% | −21.7% |
| vs SPY ⓘ | −3.7pp | +1.0pp | −3.2pp | +2.4pp | −2.9pp | +1.3pp | −7.3pp | −2.0pp | −3.1pp | −2.6pp | −5.5pp | +1.3pp |
219 monthly observations across 2008–2026, benchmark SPY. The highlighted column is the current calendar month. Months are calendar months, not rolling 30-day windows.
