Seasonality
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Nov is the seasonally strongest month over 5Y.
Nov averages +8.0% with a 83% win rate across 5 years of history.
Sep shows persistent seasonal weakness.
Sep averages -2.3% with only a 50% win rate across 5 years of history.
Q4 (Oct–Nov–Dec) is the seasonally strongest quarter.
The three months of Q4 combine for a +8.9% average return historically.
January Effect: Q1 historically opens the year positively.
Q1 (Jan–Mar) averages +6.2% 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 +5.7% vs the historical average for the same point.
KMI - 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 | 10.91% | 10.18% | 0.78% | -1.97% | -4.57% | 2.86% | 0.66% | 2.94% | ||||
| 2025 | 0.29% | -0.34% | 5.28% | -6.81% | 6.62% | 4.85% | -3.55% | -3.85% | 4.93% | -7.49% | 5.49% | 0.62% |
| 2024 | -2.49% | 2.78% | 5.46% | 1.23% | 6.62% | 1.95% | 7.77% | 2.08% | 2.41% | 12.26% | 15.34% | -3.08% |
| 2023 | 2.75% | -6.78% | 2.64% | -0.43% | -6.06% | 6.89% | 4.51% | -2.77% | -3.72% | -0.57% | 8.46% | 0.40% |
| 2022 | 11.18% | 0.23% | 8.68% | -2.58% | 8.48% | -14.88% | 9.02% | 1.83% | -9.17% | 10.60% | 5.52% | -5.44% |
| 2021 | 4.88% | 4.40% | 13.27% | 4.01% | 7.57% | -0.60% | -3.20% | -6.39% | 2.83% | 1.70% | -7.70% | 2.59% |
| 2020 | -8.15% | -27.39% | 9.41% | 5.57% | -3.99% | -5.31% | -1.99% | -10.78% | -1.34% | 20.84% | -4.94% | |
| Avg | 4.59% | 0.33% | 1.25% | 0.41% | 3.46% | -0.42% | 1.41% | -1.85% | -2.25% | 2.53% | 7.99% | -1.64% |
KMI - Average returns for the respective month in the last 5 years
KMI Distribution of Daily Returns from 2021 to 2026
KMI Distribution of Daily % Changes