Seasonality
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May is the seasonally strongest month over 5Y.
May averages +14.5% with a 86% win rate across 5 years of history.
Sep shows persistent seasonal weakness.
Sep averages -7.0% with only a 17% win rate across 5 years of history.
Q2 (Apr–May–Jun) is the seasonally strongest quarter.
The three months of Q2 combine for a +12.4% average return historically.
Q1 historically shows a slow seasonal start.
Q1 (Jan–Mar) averages -5.0% historically, with January alone posting a 67% win rate.
2026 YTD is tracking above the 5Y seasonal average.
At day 155 of the year, the current YTD return is +3.8% vs the historical average for the same point.
GEN - Average growth of $100 invested at start of year
5 years of data
Monthly Returns Heatmap
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -11.77% | -5.42% | -16.57% | 2.44% | 34.41% | -3.49% | 10.29% | 3.75% | ||||
| 2025 | -1.72% | 2.02% | -2.89% | -2.52% | 10.57% | 3.23% | 0.31% | 2.82% | -5.99% | -7.15% | 0.51% | 3.11% |
| 2024 | 2.89% | -7.94% | 4.23% | -10.09% | 23.90% | 0.60% | 4.04% | 2.31% | 3.67% | 6.12% | 6.43% | -11.25% |
| 2023 | 7.37% | -14.72% | -12.05% | 2.97% | 0.04% | 5.76% | 4.85% | 4.76% | -12.69% | -5.77% | 33.35% | 3.35% |
| 2022 | 0.12% | 11.91% | -8.49% | -5.58% | -2.80% | -9.32% | 11.70% | -7.42% | -10.85% | 11.87% | 2.48% | -6.66% |
| 2021 | 1.40% | -6.85% | 8.97% | 1.65% | 28.00% | -1.16% | -8.82% | 7.53% | -4.74% | 0.59% | -1.86% | 4.55% |
| 2020 | 16.60% | -1.68% | 13.68% | 7.10% | -12.45% | 8.17% | 10.26% | -11.39% | -1.30% | -10.78% | 13.99% | |
| Avg | -0.28% | -0.63% | -4.07% | 0.36% | 14.46% | -2.40% | 4.36% | 3.38% | -7.00% | 0.73% | 5.02% | 1.18% |
GEN - Average returns for the respective month in the last 5 years
GEN Distribution of Daily Returns from 2021 to 2026
GEN Distribution of Daily % Changes