| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | KAVL | SPY | Δ |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 · ytd | −48.6% | +38.9% | −40.0% | +106.7% | +25.8% | −38.5% | −13.8% | — | — | — | — | — | −40.9% | +7.5% | −48.4pp |
| 2025 | +56.5% | −42.2% | −33.3% | −14.0% | +17.6% | −11.4% | −2.1% | +107.0% | −57.2% | +34.6% | −12.4% | −93.1% | −96.2% | +17.7% | −113.9pp |
| 2024 | −26.5% | −39.1% | +53.4% | +53.4% | −72.4% | +24.0% | −37.3% | −30.4% | +68.4% | −10.7% | −28.0% | +26.9% | −78.4% | +24.9% | −103.2pp |
| 2023 | −13.6% | −16.8% | +11.6% | −16.5% | −6.8% | +40.2% | −22.3% | +3.0% | −32.8% | −26.1% | −26.3% | −12.6% | −77.6% | +26.2% | −103.8pp |
| 2022 | — | — | — | — | — | — | +70.5% | +2.4% | −22.3% | +11.9% | −5.3% | −16.1% | +20.5% | −18.2% | +38.6pp |
| 2021 | +176.7% | +126.9% | −58.9% | +14.0% | −1.2% | −39.2% | −10.6% | −30.4% | −75.8% | +36.5% | −36.4% | −37.4% | −85.6% | +28.7% | −114.3pp |
| 2020 | −38.4% | +182.7% | −13.2% | +131.5% | +154.6% | +201.7% | +108.3% | −20.0% | −54.4% | −12.9% | +50.9% | −10.4% | +2306.3% | +18.3% | +2287.9pp |
| 2019 | −36.8% | +20.9% | +7.1% | −16.7% | +0.0% | −46.7% | +200.0% | −20.0% | −37.5% | −16.7% | +20.0% | +48.9% | −18.8% | +31.2% | −50.0pp |
| 2018 | +0.0% | +100.0% | +60.0% | −21.2% | +3247.6% | +4.3% | −23.4% | −35.3% | +5.5% | −13.0% | +79.0% | −38.5% | +4300.0% | −4.6% | +4304.6pp |
| 2017 | +100.0% | +0.0% | −33.3% | +57.5% | +0.0% | +0.0% | −15.9% | −5.7% | +0.0% | +0.0% | +0.0% | +0.0% | +66.7% | +21.7% | +45.0pp |
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. KAVL 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 ⓘ | 15 | 16 | 16 | 16 | 16 | 16 | 17 | 16 | 16 | 16 | 16 | 16 |
| Positive ⓘ | 40% | 44% | 44% | 38% | 38% | 38% | 24% | 38% | 25% | 38% | 25% | 13% |
| Median | +0.0% | +0.0% | +0.0% | +0.0% | +0.0% | +0.0% | −13.8% | +0.0% | −12.2% | +0.0% | −16.2% | −20.6% |
| Best | +176.7% | +182.7% | +150.0% | +131.5% | +3247.6% | +201.7% | +200.0% | +107.0% | +127.3% | +63.3% | +79.0% | +48.9% |
| Worst | −48.6% | −50.0% | −58.9% | −76.0% | −72.4% | −46.7% | −37.3% | −35.3% | −75.8% | −42.9% | −43.8% | −93.1% |
| vs SPY ⓘ | +3.0pp | −0.6pp | +0.8pp | −1.5pp | −1.3pp | −0.5pp | −13.1pp | −1.3pp | −7.5pp | −4.2pp | −18.2pp | −21.6pp |
192 monthly observations across 2010–2026, benchmark SPY. The highlighted column is the current calendar month. Months are calendar months, not rolling 30-day windows.
