| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | IPMLF | SPY | Δ |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 · ytd | +21.0% | −14.5% | −26.5% | −10.4% | −0.6% | −11.5% | +17.8% | — | — | — | — | — | −29.3% | +7.5% | −36.9pp |
| 2025 | +7.2% | +22.3% | +18.4% | +28.9% | +34.4% | +5.4% | −17.5% | +15.1% | +25.6% | +15.3% | +12.6% | +33.2% | +483.9% | +17.7% | +466.2pp |
| 2024 | +9.1% | −9.7% | +0.6% | +18.1% | −6.9% | −10.0% | −4.1% | +4.6% | +6.3% | −11.2% | +0.0% | −16.6% | −22.6% | +24.9% | −47.5pp |
| 2023 | +26.5% | −22.1% | +11.5% | −9.0% | +6.1% | −4.7% | +44.0% | −5.1% | −12.7% | −5.7% | +16.0% | −7.2% | +22.3% | +26.2% | −3.8pp |
| 2022 | −0.8% | +22.1% | −1.3% | −3.0% | −14.9% | −6.8% | −9.9% | −1.2% | −10.9% | −1.1% | −13.7% | −15.5% | −47.4% | −18.2% | −29.2pp |
| 2021 | −14.7% | +5.1% | −0.9% | +11.8% | +2.0% | −10.1% | +3.6% | −17.9% | −2.2% | +6.6% | −18.8% | −4.9% | −37.7% | +28.7% | −66.4pp |
| 2020 | −9.8% | −16.2% | −22.8% | +37.3% | −0.3% | +13.8% | +29.6% | +31.4% | −8.7% | −1.3% | +15.4% | +53.7% | +147.5% | +18.3% | +129.2pp |
| 2019 | +18.4% | +8.1% | +48.6% | −6.5% | −2.3% | −1.3% | −2.4% | −4.2% | −11.5% | −13.0% | −11.3% | +30.2% | +42.7% | +31.2% | +11.5pp |
| 2018 | −30.8% | −2.4% | −8.3% | −3.8% | −9.5% | −5.5% | −27.8% | −5.4% | +59.2% | −32.3% | −10.7% | +23.9% | −58.4% | −4.6% | −53.9pp |
| 2017 | +15.5% | −3.6% | −3.9% | −5.8% | −17.9% | +0.6% | −16.7% | −4.0% | −13.0% | −8.3% | −20.5% | +49.7% | −36.7% | +21.7% | −58.4pp |
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. IPMLF 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.
