Seasonality
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Nov is the seasonally strongest month over 5Y.
Nov averages +10.2% with a 83% win rate across 5 years of history.
Mar shows persistent seasonal weakness.
Mar averages -3.5% with only a 43% win rate across 5 years of history.
Q2 (Apr–May–Jun) is the seasonally strongest quarter.
The three months of Q2 combine for a +8.3% average return historically.
January Effect: Q1 historically opens the year positively.
Q1 (Jan–Mar) averages +3.1% historically, with January alone posting a 67% win rate.
2026 YTD is tracking above the 5Y seasonal average.
At day 181 of the year, the current YTD return is +4.5% vs the historical average for the same point.
WELL - Average growth of $100 invested at start of year
5 years of data
WELL - Average returns for the respective month in the last 5 years
WELL 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 | 1.48% | 10.35% | -4.54% | 9.93% | -5.20% | 10.54% | 3.29% | 1.15% | -2.70% | |||
| 2025 | 8.29% | 12.98% | -0.20% | -0.40% | 1.58% | -0.36% | 7.38% | 2.40% | 5.86% | 1.63% | 15.46% | -10.86% |
| 2024 | -4.06% | 7.22% | 1.39% | 1.97% | 9.48% | 0.56% | 6.71% | 9.10% | 6.09% | 5.35% | 2.95% | -8.79% |
| 2023 | 14.48% | -0.41% | -3.28% | 10.50% | -5.09% | 8.42% | 1.56% | 1.62% | -1.16% | 2.06% | 7.33% | 1.20% |
| 2022 | 1.00% | -3.15% | 15.43% | -5.54% | -1.21% | -7.57% | 4.85% | -10.54% | -16.09% | -5.10% | 17.42% | -7.72% |
| 2021 | -6.22% | 13.06% | 5.49% | 4.75% | 0.47% | 11.14% | 4.52% | 1.50% | -5.86% | -2.43% | -0.26% | 7.72% |
| 2020 | -11.00% | -38.81% | 11.90% | 0.41% | 2.13% | 3.50% | 8.56% | -4.22% | -2.40% | 18.43% | 2.60% | |
| Avg | 2.50% | 4.15% | -3.50% | 4.73% | 0.06% | 3.55% | 4.54% | 1.97% | -2.56% | -0.15% | 10.22% | -2.64% |
WELL Distribution of Daily % Changes