Seasonality
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Jul is the seasonally strongest month over 5Y.
Jul averages +4.0% with a 71% win rate across 5 years of history.
Aug shows persistent seasonal weakness.
Aug averages -3.8% with only a 33% win rate across 5 years of history.
Q4 (Oct–Nov–Dec) is the seasonally strongest quarter.
The three months of Q4 combine for a +5.3% average return historically.
Q1 historically shows a slow seasonal start.
Q1 (Jan–Mar) averages -0.3% historically, with January alone posting a 50% win rate.
2026 YTD is tracking below the 5Y seasonal average.
At day 155 of the year, the current YTD return is -13.5% 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 | -1.79% | -9.35% | -2.37% | -2.71% | -11.34% | 1.50% | 11.83% | -0.47% | ||||
| 2025 | -0.69% | -0.29% | 5.54% | -5.02% | 4.80% | -0.55% | -5.74% | -3.86% | -8.45% | 0.01% | 17.15% | 4.93% |
| 2024 | 1.48% | 4.79% | 0.29% | -6.35% | 1.55% | 0.81% | 3.29% | 0.90% | 2.35% | 3.05% | -3.16% | -0.19% |
| 2023 | 2.58% | -8.80% | -7.94% | 8.37% | -6.06% | 9.44% | 0.14% | -6.44% | -3.27% | -6.72% | 12.93% | 2.97% |
| 2022 | 0.49% | 5.36% | 11.75% | -3.79% | -0.51% | -4.31% | 15.41% | -7.49% | -4.93% | 9.21% | -4.63% | -7.28% |
| 2021 | -10.62% | 2.52% | 2.53% | 7.32% | -5.05% | 6.07% | 6.47% | 1.32% | -6.74% | 1.48% | -8.92% | 10.47% |
| 2020 | 1.75% | 2.31% | 5.35% | 10.85% | 1.75% | -3.11% | -7.22% | -1.45% | -8.82% | 8.51% | 0.97% | |
| Avg | -1.42% | -0.57% | 1.73% | 0.45% | -0.82% | 2.10% | 4.04% | -3.80% | -3.75% | -0.30% | 3.65% | 1.98% |
JKHY - Average growth of $100 invested at start of year
5 years of data
JKHY - Average returns for the respective month in the last 5 years
JKHY Distribution of Daily Returns from 2021 to 2026
JKHY Distribution of Daily % Changes