Returns use ADJUSTED closes (splits + dividends).
Volume as VALUE TRADED — close × volume, in USD.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | SAP | SPY | Δ |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 · ytd | −17.2% | +0.2% | −15.0% | −1.0% | +9.1% | −15.2% | +19.1% | +19.1% | — | — | — | — | −8.4% | +12.9% | −21.3pp |
| 2025 | +12.1% | −0.4% | −2.4% | +8.8% | +4.6% | +0.4% | −5.7% | −5.1% | −1.8% | −2.7% | −7.0% | +0.5% | −0.4% | +17.7% | −18.2pp |
| 2024 | +12.0% | +8.5% | +3.8% | −7.1% | +1.9% | +10.6% | +4.9% | +3.8% | +4.3% | +2.0% | +1.7% | +3.6% | +61.3% | +24.9% | +36.4pp |
| 2023 | +14.9% | −4.0% | +11.2% | +6.9% | −2.0% | +4.9% | −0.3% | +2.4% | −7.4% | +3.6% | +18.7% | −2.8% | +52.3% | +26.2% | +26.1pp |
| 2022 | −10.6% | −10.1% | −1.4% | −9.2% | +2.0% | −9.1% | +2.7% | −8.6% | −4.7% | +18.2% | +15.4% | −6.9% | −24.2% | −18.2% | −6.0pp |
| 2021 | −3.2% | −2.3% | −0.5% | +14.0% | +1.6% | +0.4% | +2.3% | +4.5% | −10.1% | +7.2% | −11.3% | +9.1% | +9.2% | +28.7% | −19.5pp |
| 2020 | −2.4% | −5.5% | −10.6% | +7.3% | +9.6% | +9.3% | +13.7% | +3.9% | −5.8% | −31.4% | +13.4% | +7.6% | −1.3% | +18.3% | −19.6pp |
| 2019 | +3.9% | +3.6% | +7.8% | +11.6% | −3.2% | +11.1% | −10.1% | −3.2% | −1.1% | +12.5% | +2.5% | −1.4% | +36.4% | +31.2% | +5.2pp |
| 2018 | +0.8% | −7.7% | +0.6% | +5.4% | +3.3% | +2.5% | +0.3% | +3.2% | +2.7% | −12.8% | −3.3% | −4.0% | −10.0% | −4.6% | −5.5pp |
| 2017 | +5.9% | +1.8% | +5.4% | +2.0% | +8.8% | −2.7% | +1.1% | −0.9% | +4.5% | +4.1% | −0.7% | −0.9% | +31.7% | +21.7% | +10.0pp |
Month-end over prior month-end; a blank cell is no return.
Basis. Both columns share one basis, so Δ is like-for-like.
End-of-day closes; a “ytd” or “part” year is not a full year.
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Years ⓘ | 26 | 27 | 27 | 27 | 27 | 27 | 27 | 27 | 26 | 26 | 26 | 26 |
| Positive ⓘ | 54% | 37% | 59% | 56% | 56% | 56% | 74% | 56% | 50% | 58% | 62% | 54% |
| Median | +0.8% | −0.7% | +1.6% | +1.3% | +1.6% | +0.4% | +2.3% | +0.7% | −0.5% | +2.1% | +2.9% | +0.3% |
| Best | +41.4% | +11.8% | +11.2% | +39.0% | +15.7% | +11.1% | +19.6% | +19.1% | +13.3% | +70.1% | +20.7% | +9.1% |
| Worst | −17.2% | −18.8% | −25.1% | −17.8% | −20.5% | −15.2% | −23.0% | −12.7% | −41.6% | −33.9% | −34.8% | −12.4% |
| vs SPY ⓘ | −0.0pp | +0.3pp | +0.7pp | −0.7pp | +0.1pp | +0.5pp | −0.2pp | −0.1pp | +0.9pp | +1.2pp | −0.1pp | +1.0pp |
319 monthly observations · 2000–2026 · benchmark SPY
