Seasonality
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Jun is the seasonally strongest month over 5Y.
Jun averages +8.5% with a 100% win rate across 5 years of history.
Dec shows persistent seasonal weakness.
Dec averages -5.1% with only a 17% win rate across 5 years of history.
Q2 (Apr–May–Jun) is the seasonally strongest quarter.
The three months of Q2 combine for a +10.1% average return historically.
January Effect: Q1 historically opens the year positively.
Q1 (Jan–Mar) averages +1.1% historically, with January alone posting a 67% win rate.
2026 YTD is tracking above the 5Y seasonal average.
At day 155 of the year, the current YTD return is +5.1% 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 | -8.65% | -10.74% | -3.49% | -11.21% | 11.78% | 1.80% | 14.82% | 19.61% | ||||
| 2025 | 10.94% | -3.91% | 3.34% | 0.89% | 19.69% | 2.96% | -1.31% | -5.28% | 10.66% | -2.25% | -17.48% | -7.10% |
| 2024 | 7.73% | 8.73% | 2.74% | -14.30% | -12.24% | 5.03% | 4.87% | 12.77% | -3.04% | -0.50% | 9.11% | -7.72% |
| 2023 | 5.68% | -2.87% | 10.94% | -2.56% | -7.47% | 19.33% | 3.28% | 2.19% | -2.52% | -5.28% | -9.55% | 10.45% |
| 2022 | -7.41% | -3.17% | -7.24% | -14.36% | -6.42% | 16.32% | 12.90% | -10.85% | -17.28% | 1.86% | 13.35% | -15.22% |
| 2021 | 1.54% | 1.33% | -6.74% | 8.12% | 3.15% | 6.73% | 7.00% | -0.22% | -13.20% | 10.01% | -10.86% | -9.59% |
| 2020 | -3.16% | 10.14% | 22.02% | 14.71% | 7.10% | 12.86% | 6.69% | -0.38% | -3.96% | 2.53% | -1.67% | |
| Avg | 1.64% | -1.97% | 1.39% | -1.63% | 3.31% | 8.47% | 7.77% | 0.88% | -4.29% | -0.02% | -2.15% | -5.14% |
VEEV - Average returns for the respective month in the last 5 years
VEEV Distribution of Daily Returns from 2021 to 2026
VEEV - Average growth of $100 invested at start of year
5 years of data
VEEV Distribution of Daily % Changes