| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | SARO | SPY | Δ |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 · ytd | +7.7% | −0.3% | −16.1% | −3.8% | +7.6% | +11.9% | −3.9% | — | — | — | — | — | +0.2% | +7.5% | −7.4pp |
| 2025 | +8.4% | +5.2% | −5.6% | +1.4% | +8.5% | +7.9% | −9.8% | −7.2% | +3.0% | +5.9% | −9.6% | +9.8% | +15.8% | +17.7% | −1.9pp |
| 2024 · part | — | — | — | — | — | — | — | — | — | — | −0.7% | −13.6% | −14.2% | +24.9% | −39.1pp |
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. SARO 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.
