| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | REFI | SPY | Δ |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 · ytd | +1.1% | −2.0% | −2.9% | +5.2% | −4.5% | −1.5% | −7.9% | — | — | — | — | — | −12.4% | +7.5% | −19.9pp |
| 2025 | −0.3% | +4.7% | −5.8% | −1.6% | +0.6% | −0.9% | −6.9% | +9.6% | −6.8% | +0.5% | −0.8% | −0.2% | −8.7% | +17.7% | −26.4pp |
| 2024 | −1.9% | +2.6% | −0.3% | −0.2% | −0.3% | +0.9% | +4.0% | −0.5% | +0.5% | −2.5% | +6.5% | −0.2% | +8.7% | +24.9% | −16.2pp |
| 2023 | +2.5% | −5.1% | −4.6% | +4.8% | +2.7% | +7.4% | +0.6% | −0.8% | +0.5% | −4.3% | +9.9% | +9.3% | +23.7% | +26.2% | −2.5pp |
| 2022 | +14.1% | +6.4% | −10.4% | +0.3% | −4.3% | −8.9% | −5.6% | +7.4% | −2.6% | +2.8% | +9.3% | −2.3% | +3.4% | −18.2% | +21.5pp |
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. REFI 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.
