Seasonality
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Jul is the seasonally strongest month over 5Y.
Jul averages +4.5% with a 71% win rate across 5 years of history.
Mar shows persistent seasonal weakness.
Mar averages -5.1% with only a 57% win rate across 5 years of history.
Q2 (Apr–May–Jun) is the seasonally strongest quarter.
The three months of Q2 combine for a +5.0% average return historically.
Q1 historically shows a slow seasonal start.
Q1 (Jan–Mar) averages -3.2% historically, with January alone posting a 33% win rate.
2026 YTD is tracking below the 5Y seasonal average.
At day 155 of the year, the current YTD return is -10.5% vs the historical average for the same point.
VICI - 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 | -0.14% | 7.59% | -8.09% | 6.88% | -3.36% | -4.34% | -0.75% | 0.04% | ||||
| 2025 | 1.92% | 9.14% | 1.76% | -1.84% | -0.97% | 4.20% | 0.00% | 3.62% | -2.11% | -8.03% | -3.90% | -0.85% |
| 2024 | -5.52% | -0.63% | 0.98% | -4.16% | 0.56% | 1.25% | 9.15% | 7.10% | 0.79% | -4.65% | 2.68% | -9.15% |
| 2023 | 5.49% | -1.90% | -1.50% | 4.05% | -8.87% | 2.87% | 0.16% | -2.03% | -4.36% | -4.12% | 7.13% | 8.07% |
| 2022 | -4.95% | -2.31% | 3.13% | 4.74% | 3.49% | -2.26% | 14.77% | -3.51% | -8.44% | 7.27% | 6.81% | -4.13% |
| 2021 | -0.86% | 12.74% | 0.28% | 12.25% | -1.80% | 0.69% | 0.55% | -0.90% | -6.97% | 3.31% | -7.33% | 12.11% |
| 2020 | -6.49% | -32.35% | 4.69% | 12.63% | 4.46% | 7.53% | 2.90% | 6.06% | -1.80% | 10.20% | 2.14% | |
| Avg | -0.68% | 2.59% | -5.11% | 3.80% | 0.24% | 0.98% | 4.49% | 1.20% | -2.51% | -1.34% | 2.60% | 1.36% |
VICI - Average returns for the respective month in the last 5 years
VICI Distribution of Daily Returns from 2021 to 2026
VICI Distribution of Daily % Changes