Seasonality
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Apr is the seasonally strongest month over 5Y.
Apr averages +8.9% with a 71% win rate across 5 years of history.
Jan shows persistent seasonal weakness.
Jan averages -1.0% with only a 33% win rate across 5 years of history.
Q2 (Apr–May–Jun) is the seasonally strongest quarter.
The three months of Q2 combine for a +16.0% average return historically.
January Effect: Q1 historically opens the year positively.
Q1 (Jan–Mar) averages +9.2% historically, with January alone posting a 33% win rate.
2026 YTD is tracking above the 5Y seasonal average.
At day 155 of the year, the current YTD return is +31.5% vs the historical average for the same point.
PWR - 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 | 12.48% | 18.64% | -2.50% | 32.58% | -2.20% | 1.17% | -7.30% | 2.76% | ||||
| 2025 | -2.64% | -15.60% | -2.10% | 15.19% | 17.04% | 10.37% | 7.45% | -6.94% | 9.65% | 8.40% | 3.51% | -9.21% |
| 2024 | -10.08% | 24.46% | 7.57% | -0.44% | 6.72% | -7.92% | 4.48% | 3.67% | 8.37% | 1.20% | 14.22% | -8.26% |
| 2023 | 6.80% | 6.05% | 3.25% | 1.85% | 4.68% | 10.67% | 2.63% | 4.09% | -10.83% | -10.66% | 12.68% | 14.65% |
| 2022 | -10.36% | 6.06% | 20.81% | -11.83% | 2.60% | 5.39% | 10.68% | 1.85% | -9.79% | 11.50% | 5.52% | -4.87% |
| 2021 | -2.15% | 18.99% | 4.93% | 9.92% | -1.33% | -4.95% | 0.36% | 12.32% | 11.54% | 6.55% | -6.18% | 0.77% |
| 2020 | -2.61% | -16.78% | 14.78% | 1.57% | 6.36% | 1.89% | 28.22% | 3.24% | 18.10% | 9.47% | 5.47% | |
| Avg | -0.99% | 8.00% | 2.17% | 8.86% | 4.15% | 3.01% | 2.88% | 7.20% | 2.03% | 5.85% | 6.53% | -0.24% |
PWR - Average returns for the respective month in the last 5 years
PWR Distribution of Daily Returns from 2021 to 2026
PWR Distribution of Daily % Changes