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HLB 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+4.8%+2.4%58%+102.4%32.0%
February+12.4%0.6%44%+143.4%38.3%
March+8.0%+1.5%52%+182.1%38.1%
April1.0%+3.9%56%+46.7%61.5%
May0.9%8.2%37%+150.9%49.7%
June+0.2%2.2%44%+70.9%41.2%
July2.9%8.7%37%+55.6%60.0%
August+5.2%+0.9%54%+79.6%36.0%
September+5.5%1.6%38%+178.1%54.3%
October+2.0%6.8%38%+115.8%31.5%
November2.4%0.5%46%+58.9%47.3%
December+7.8%+8.1%54%+53.4%26.4%

By Calendar Year

YearReturn
202531.0%
2024+18.6%
2023+134.2%
2022+3.3%
202129.6%
2020+9.6%
2019+23.6%
2018+61.3%
2017+224.0%
201629.8%
2015+101.5%
2014+235.0%
20139.6%
2012+62.2%
2011+11.9%
201064.5%
2009+44.4%
200862.7%
200761.9%
200636.5%
2005+47.6%
200442.8%
200371.9%
200275.3%
200145.7%
200040.9%

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