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Kao 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+0.6%+2.0%67%+13.0%15.5%
February+1.5%+2.4%59%+12.2%12.3%
March+0.2%1.3%37%+15.9%9.2%
April+1.1%0.2%48%+15.7%12.2%
May+1.0%+0.6%59%+8.2%5.3%
June0.0%+0.6%52%+10.5%10.6%
July+1.0%+1.1%59%+11.2%11.7%
August+0.2%0.5%50%+8.6%9.5%
September0.5%0.7%44%+15.5%17.9%
October+0.3%+1.3%58%+11.0%10.0%
November+1.7%+2.0%54%+12.1%3.8%
December1.7%1.6%35%+16.7%18.5%

By Calendar Year

YearReturn
2025+0.1%
2024+5.4%
2023+11.5%
20228.3%
202124.5%
202013.5%
2019+14.5%
2018+1.4%
2017+35.5%
201612.7%
2015+23.4%
2014+58.2%
2013+24.8%
2012+30.8%
20116.5%
20101.4%
20091.6%
200831.2%
20077.0%
2006+2.1%
2005+40.2%
2004+6.4%
20037.4%
2002+2.9%
200118.7%
20000.3%

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