| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | UVE | SPY | Δ |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 · ytd | −9.9% | +15.5% | −2.4% | +16.0% | −6.2% | +11.7% | +8.8% | — | — | — | — | — | +34.3% | +7.5% | +26.8pp |
| 2025 | −8.2% | +14.7% | +7.7% | +2.3% | +12.7% | +2.2% | −14.7% | +3.9% | +7.8% | +17.2% | +7.5% | +2.5% | +64.7% | +17.7% | +46.9pp |
| 2024 | +4.0% | +21.5% | +1.5% | −3.9% | +1.8% | −4.8% | +5.6% | +8.9% | +3.6% | −10.0% | +13.5% | −6.3% | +36.0% | +24.9% | +11.1pp |
| 2023 | +20.3% | +51.7% | −4.9% | −15.4% | −6.0% | +7.5% | +0.6% | −17.6% | +10.7% | +11.7% | +8.3% | −5.0% | +56.6% | +26.2% | +30.4pp |
| 2022 | +1.4% | −32.9% | +18.2% | −6.9% | +4.1% | +1.0% | −2.9% | −4.4% | −17.5% | +1.9% | +9.5% | −2.2% | −34.3% | −18.2% | −16.1pp |
| 2021 | −11.4% | +11.2% | −2.7% | −2.7% | +2.2% | −1.6% | +3.2% | +0.6% | −8.4% | +13.3% | +2.0% | +13.9% | +17.4% | +28.7% | −11.3pp |
| 2020 | −13.0% | −15.0% | −12.8% | +1.7% | −1.1% | −0.6% | −0.4% | +5.9% | −25.4% | −9.9% | +11.9% | +9.4% | −44.0% | +18.3% | −62.3pp |
| 2019 | −0.5% | +3.5% | −20.2% | −3.9% | −2.0% | −3.9% | −10.6% | +0.8% | +20.0% | −9.6% | +7.3% | −3.3% | −24.6% | +31.2% | −55.8pp |
| 2018 | +7.5% | +0.1% | +8.9% | +2.1% | +9.9% | −1.1% | +26.5% | +0.5% | +8.9% | −13.5% | +5.2% | −13.6% | +41.4% | −4.6% | +46.0pp |
| 2017 | −7.9% | +3.6% | −9.1% | +6.3% | −5.4% | +2.8% | −5.4% | −10.1% | +8.1% | +3.7% | +11.8% | +3.6% | −0.9% | +21.7% | −22.6pp |
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. UVE 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.
