| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | NREF | SPY | Δ |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 · ytd | +4.9% | −1.8% | −3.8% | +7.1% | +8.3% | +2.5% | +9.0% | — | — | — | — | — | +28.4% | +9.3% | +19.0pp |
| 2025 | −1.8% | +6.7% | −4.1% | −4.3% | +1.0% | −3.6% | +0.1% | +8.7% | −2.3% | −8.0% | +11.0% | +0.6% | +2.3% | +17.7% | −15.4pp |
| 2024 | −7.5% | −3.6% | +5.9% | −9.7% | +9.7% | +0.0% | +5.2% | +15.2% | −3.1% | −3.2% | +17.4% | −9.1% | +13.5% | +24.9% | −11.4pp |
| 2023 | +19.9% | −5.2% | −9.5% | −11.2% | −4.5% | +22.4% | +9.7% | −0.1% | −0.3% | −9.4% | +10.4% | +0.5% | +17.4% | +26.2% | −8.8pp |
| 2022 | +4.2% | +4.8% | +10.0% | +3.9% | +4.0% | −15.0% | +4.1% | −2.7% | −25.2% | +17.3% | +7.4% | −13.5% | −8.9% | −18.2% | +9.3pp |
| 2021 | −1.6% | +14.4% | +2.5% | +11.2% | −3.0% | +6.6% | −6.7% | +10.0% | −7.1% | +6.4% | +1.3% | −6.3% | +27.8% | +28.7% | −0.9pp |
| 2020 · part | — | — | −46.8% | +18.8% | +42.5% | +5.3% | −5.1% | −3.3% | −1.9% | −6.6% | +20.3% | +2.3% | −2.0% | +18.3% | −20.4pp |
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. NREF 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 ⓘ | 6 | 6 | 7 | 7 | 7 | 7 | 7 | 6 | 6 | 6 | 6 | 6 |
| Positive ⓘ | 50% | 50% | 43% | 57% | 71% | 71% | 71% | 50% | 0% | 33% | 100% | 50% |
| Median | +1.3% | +1.5% | −3.8% | +3.9% | +4.0% | +2.5% | +4.1% | +4.3% | −2.7% | −4.9% | +10.7% | −2.9% |
| Best | +19.9% | +14.4% | +10.0% | +18.8% | +42.5% | +22.4% | +9.7% | +15.2% | −0.3% | +17.3% | +20.3% | +2.3% |
| Worst | −7.5% | −5.2% | −46.8% | −11.2% | −4.5% | −15.0% | −6.7% | −3.3% | −25.2% | −9.4% | +1.3% | −13.5% |
| vs SPY ⓘ | +1.4pp | +3.4pp | +1.2pp | −3.4pp | +3.0pp | +3.5pp | −2.2pp | +4.1pp | −3.8pp | −3.2pp | +5.8pp | −5.4pp |
77 monthly observations across 2020–2026, benchmark SPY. The highlighted column is the current calendar month. Months are calendar months, not rolling 30-day windows.
