Seasonality
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Monthly Returns Heatmap
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -23.79% | -2.39% | -8.54% | 36.36% | 29.17% | 30.36% | -8.40% | 6.92% | ||||
| 2025 | 15.58% | -7.78% | -1.83% | -0.89% | -11.10% | 5.26% | 2.20% | 21.53% | -14.02% | 6.93% | -11.65% | 4.57% |
| 2024 | -17.42% | -7.34% | -0.78% | -12.87% | 18.55% | 4.59% | -3.22% | -1.97% | -10.40% | -18.60% | 14.95% | -14.10% |
| 2023 | -0.10% | -3.26% | -1.75% | 9.28% | -5.39% | -10.73% | 2.17% | 1.05% | 5.58% | 7.64% | -7.41% | -5.39% |
| 2022 | -15.38% | 10.65% | 0.38% | 2.16% | 2.18% | 3.22% | 2.98% | -0.05% | 0.87% | 15.02% | -1.47% | -6.71% |
| 2021 | -6.62% | -0.90% | 10.61% | 6.20% | -1.69% | 1.31% | -3.81% | -4.80% | -3.84% | 19.02% | -9.38% | 10.68% |
| 2020 | -4.93% | -1.56% | 21.59% | 7.55% | -5.42% | 1.21% | 5.79% | -0.15% | -3.53% | 0.31% | 2.59% | |
| Avg | -7.96% | -2.28% | -0.50% | 8.83% | 5.61% | 4.08% | -0.98% | 3.59% | -3.66% | 4.41% | -2.44% | -1.39% |
Apr is the seasonally strongest month over 5Y.
Apr averages +8.8% with a 71% win rate across 5 years of history.
Jan shows persistent seasonal weakness.
Jan averages -8.0% 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 +18.5% average return historically.
Q1 historically shows a slow seasonal start.
Q1 (Jan–Mar) averages -10.7% historically, with January alone posting a 17% win rate.
2026 YTD is tracking above the 5Y seasonal average.
At day 155 of the year, the current YTD return is +53.9% vs the historical average for the same point.
HUM - Average growth of $100 invested at start of year
5 years of data
HUM - Average returns for the respective month in the last 5 years
HUM Distribution of Daily Returns from 2021 to 2026
HUM Distribution of Daily % Changes