Seasonality
Sign in to unlock 10Y & 20Y views
Monthly Returns Heatmap
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -2.03% | -5.78% | -4.63% | 3.73% | -5.64% | 2.50% | -2.49% | 7.94% | ||||
| 2025 | 10.83% | 13.70% | -4.14% | 11.19% | 3.89% | 10.86% | -5.95% | 6.84% | 4.50% | -1.50% | -9.29% | -6.66% |
| 2024 | 6.01% | 21.80% | -3.16% | -13.92% | -2.58% | 12.58% | -11.30% | 13.43% | 2.78% | -4.14% | -0.12% | -16.18% |
| 2023 | 25.07% | 7.53% | -4.69% | -2.05% | 22.16% | 13.81% | 14.57% | -4.51% | -2.63% | -5.89% | 30.27% | 9.21% |
| 2022 | -10.80% | -3.66% | -0.97% | -11.77% | -26.30% | -11.81% | 14.61% | 22.64% | -7.86% | 0.26% | 9.67% | -15.13% |
| 2021 | -0.14% | 1.61% | 5.33% | 0.48% | -7.19% | -1.40% | -13.29% | -9.94% | 14.46% | -2.19% | -13.28% | 10.34% |
| 2020 | -6.67% | -17.57% | 8.42% | 19.99% | -14.43% | -2.64% | 11.14% | 8.47% | -8.42% | 48.64% | 2.70% | |
| Avg | 4.82% | 4.08% | -4.26% | -0.56% | 0.62% | 1.73% | -0.93% | 6.60% | 3.29% | -3.65% | 10.98% | -2.62% |
UBER Distribution of Daily Returns from 2021 to 2026
Nov is the seasonally strongest month over 5Y.
Nov averages +11.0% with a 50% win rate across 5 years of history.
Mar shows persistent seasonal weakness.
Mar averages -4.3% with only a 14% win rate across 5 years of history.
Q3 (Jul–Aug–Sep) is the seasonally strongest quarter.
The three months of Q3 combine for a +9.0% average return historically.
January Effect: Q1 historically opens the year positively.
Q1 (Jan–Mar) averages +4.6% 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 -18.8% vs the historical average for the same point.
UBER Distribution of Daily % Changes
UBER - Average growth of $100 invested at start of year
5 years of data
UBER - Average returns for the respective month in the last 5 years