Seasonality
Sign in to unlock 10Y & 20Y views
DAL - Average returns for the respective month in the last 5 years
Nov is the seasonally strongest month over 5Y.
Nov averages +11.6% with a 83% win rate across 5 years of history.
Mar shows persistent seasonal weakness.
Mar averages -8.6% with only a 43% win rate across 5 years of history.
Q4 (Oct–Nov–Dec) is the seasonally strongest quarter.
The three months of Q4 combine for a +15.7% average return historically.
Q1 historically shows a slow seasonal start.
Q1 (Jan–Mar) averages -4.7% historically, with January alone posting a 50% win rate.
2026 YTD is tracking above the 5Y seasonal average.
At day 155 of the year, the current YTD return is +23.4% 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 | -5.06% | -0.02% | 1.19% | 2.27% | 21.63% | 13.55% | -6.41% | 2.18% | ||||
| 2025 | 11.19% | -10.41% | -27.48% | -4.52% | 16.58% | 1.63% | 8.58% | 16.11% | -8.14% | 1.42% | 11.71% | 8.27% |
| 2024 | -2.71% | 8.25% | 13.25% | 4.60% | 2.09% | -7.02% | -9.00% | -1.23% | 19.53% | 12.99% | 11.53% | -5.20% |
| 2023 | 18.99% | -1.94% | -8.92% | -1.75% | 5.89% | 30.86% | -2.49% | -7.31% | -13.71% | -15.30% | 18.18% | 8.94% |
| 2022 | 1.56% | 0.58% | -0.88% | 8.74% | -3.11% | -30.51% | 9.77% | -2.30% | -9.69% | 20.92% | 4.24% | -7.10% |
| 2021 | -5.60% | 26.29% | 0.71% | -2.82% | 1.62% | -9.27% | -7.77% | 1.35% | 5.37% | -8.17% | -7.49% | 7.96% |
| 2020 | -16.67% | -38.15% | -9.18% | -2.70% | 11.27% | -10.98% | 23.55% | -0.88% | 0.20% | 31.36% | -0.10% | |
| Avg | 3.06% | 0.87% | -8.61% | -0.38% | 6.00% | 1.50% | -2.61% | 5.03% | -1.25% | 2.01% | 11.59% | 2.13% |
DAL - Average growth of $100 invested at start of year
5 years of data
DAL Distribution of Daily Returns from 2021 to 2026
DAL Distribution of Daily % Changes