Seasonality
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Jul is the seasonally strongest month over 5Y.
Jul averages +10.6% with a 71% win rate across 5 years of history.
Feb shows persistent seasonal weakness.
Feb averages -4.5% with only a 29% win rate across 5 years of history.
Q4 (Oct–Nov–Dec) is the seasonally strongest quarter.
The three months of Q4 combine for a +22.6% average return historically.
January Effect: Q1 historically opens the year positively.
Q1 (Jan–Mar) averages +2.4% historically, with January alone posting a 83% win rate.
2026 YTD is tracking above the 5Y seasonal average.
At day 155 of the year, the current YTD return is +40.4% vs the historical average for the same point.
Monthly Returns Heatmap
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 8.17% | -5.81% | -8.03% | 40.67% | -7.67% | 6.53% | 6.16% | 10.24% | ||||
| 2025 | 4.25% | -19.25% | -16.73% | 6.18% | 5.31% | 18.09% | 20.44% | 10.82% | 6.71% | 8.22% | -17.13% | 0.27% |
| 2024 | 9.84% | 7.29% | 4.48% | -11.52% | 16.02% | 17.75% | -1.12% | 1.97% | 8.61% | 0.68% | 5.01% | 8.94% |
| 2023 | 3.85% | 10.06% | 21.02% | -4.59% | 3.86% | -2.57% | -4.30% | 25.88% | -5.79% | 8.94% | 9.65% | 7.19% |
| 2022 | -13.52% | -1.27% | 13.24% | -16.84% | -11.50% | -8.35% | 24.42% | 2.79% | -5.83% | 7.06% | 15.26% | -12.89% |
| 2021 | 5.85% | -9.01% | 7.88% | 4.40% | 7.68% | 6.76% | 4.99% | -2.85% | -7.01% | 19.22% | 21.13% | 15.87% |
| 2020 | -13.53% | 4.88% | 8.27% | 6.46% | -10.04% | 23.68% | -13.98% | -7.39% | 0.95% | 29.58% | 7.34% | |
| Avg | 3.07% | -4.50% | 3.82% | 3.79% | 2.88% | 4.02% | 10.61% | 4.10% | -1.78% | 7.51% | 10.58% | 4.45% |
ANET - Average growth of $100 invested at start of year
5 years of data
ANET - Average returns for the respective month in the last 5 years
ANET Distribution of Daily Returns from 2021 to 2026
ANET Distribution of Daily % Changes