Seasonality
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Nov is the seasonally strongest month over 5Y.
Nov averages +7.1% with a 83% win rate across 5 years of history.
Sep shows persistent seasonal weakness.
Sep averages -4.4% 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 +9.2% average return historically.
January Effect: Q1 historically opens the year positively.
Q1 (Jan–Mar) averages +0.5% historically, with January alone posting a 33% win rate.
2026 YTD is tracking above the 5Y seasonal average.
At day 181 of the year, the current YTD return is +22.2% vs the historical average for the same point.
UNP - Average growth of $100 invested at start of year
5 years of data
UNP - Average returns for the respective month in the last 5 years
UNP Distribution of Daily Returns from 2021 to 2026
Monthly Returns Heatmap
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.63% | 13.30% | -8.44% | 11.07% | -2.03% | 3.56% | 7.40% | 3.40% | -8.36% | |||
| 2025 | 8.66% | 0.10% | -4.24% | -8.71% | 3.40% | 3.80% | -3.52% | 1.35% | 5.73% | -6.77% | 5.20% | 0.36% |
| 2024 | -0.69% | 4.54% | -3.06% | -3.57% | -1.27% | -2.82% | 9.05% | 4.35% | -3.75% | -5.85% | 5.43% | -6.26% |
| 2023 | -1.39% | 2.20% | -2.90% | -2.76% | -0.96% | 6.29% | 13.39% | -4.38% | -7.68% | 1.95% | 8.51% | 9.65% |
| 2022 | -2.93% | 1.07% | 11.08% | -14.25% | -5.64% | -2.96% | 6.57% | -0.67% | -13.22% | 1.19% | 10.29% | -4.18% |
| 2021 | -5.16% | 4.78% | 7.02% | 0.76% | 1.67% | -2.14% | -0.53% | -0.40% | -9.61% | 23.16% | -2.39% | 7.42% |
| 2020 | -10.41% | -11.75% | 13.29% | 6.90% | -0.47% | 2.53% | 11.57% | 2.30% | -10.00% | 15.72% | 2.03% | |
| Avg | 0.02% | 2.23% | -1.75% | -0.59% | 0.30% | 0.75% | 4.98% | 2.17% | -4.37% | 0.62% | 7.13% | 1.50% |
UNP Distribution of Daily % Changes