← PNL404 · HMMEnglish · 한국어 · 日本語

HMM Seasonality

Historical month-by-month and year-by-year returns

Based on 27 calendar years of monthly closes, starting 2000.

By Month

MonthAverageMedian% PositiveBestWorst
January+2.6%+0.7%52%+39.2%24.6%
February+0.3%2.9%33%+56.7%25.1%
March+2.8%+0.2%52%+39.1%36.4%
April+6.4%+2.7%52%+59.7%18.9%
May1.7%3.7%33%+37.7%27.8%
June1.0%4.9%44%+28.3%27.9%
July+5.9%+2.7%56%+98.1%19.8%
August3.1%3.9%27%+62.8%38.4%
September1.1%5.3%38%+61.8%31.8%
October+2.5%+1.6%50%+48.8%23.3%
November+1.1%+3.0%58%+26.4%31.5%
December0.7%+0.1%50%+24.1%31.0%

By Calendar Year

YearReturn
2025+5.0%
20241.3%
202311.7%
20220.2%
2021+60.4%
2020+292.8%
201913.2%
201814.1%
201732.4%
201661.5%
201572.2%
201424.6%
201328.4%
201227.8%
201114.0%
2010+16.6%
20096.1%
200811.0%
2007+100.0%
2006+23.8%
20050.7%
2004+49.5%
2003+493.0%
200239.6%
200111.1%
200058.0%

These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.