Intercontinental Exchange (ICE) seasonality heatmap
Returns across monthly, quarterly, and yearly periods. Cell color encodes signed magnitude; the scale auto-fits each table.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +7.3% | -5.6% | -3.9% | +0.5% | -6.5% | -5.0% | — | — | — | — | — | — |
| 2025 | +7.3% | +8.4% | -0.1% | -2.6% | +7.0% | +2.3% | +0.7% | -4.5% | -4.3% | -13.2% | +7.5% | +3.3% |
| 2024 | -0.9% | +8.7% | -0.4% | -6.3% | +4.0% | +2.6% | +10.7% | +6.6% | -0.3% | -3.0% | +3.3% | -7.2% |
| 2023 | +4.8% | -5.4% | +2.9% | +4.5% | -2.7% | +7.1% | +1.5% | +2.8% | -6.4% | -2.4% | +6.0% | +13.2% |
| 2022 | -7.4% | +1.2% | +3.4% | -12.3% | -11.6% | -7.8% | +8.5% | -1.1% | -10.1% | +5.8% | +13.3% | -4.9% |
| 2021 | -4.3% | -0.0% | +1.5% | +5.4% | -4.1% | +5.5% | +1.0% | -0.3% | -3.7% | +20.6% | -5.6% | +4.9% |
| 2020 | +7.8% | -10.5% | -9.2% | +10.8% | +8.7% | -5.5% | +5.7% | +9.8% | -5.5% | -5.6% | +11.8% | +9.6% |
| 2019 | +1.9% | +0.5% | -0.9% | +6.8% | +1.1% | +4.9% | +2.2% | +6.4% | -1.0% | +2.2% | -0.1% | -1.4% |
| 2018 | +4.6% | -1.0% | -0.5% | -0.1% | -2.2% | +4.1% | +0.5% | +3.1% | -1.5% | +2.9% | +6.1% | -7.5% |
| 2017 | +3.4% | -2.1% | +5.2% | +0.5% | -0.0% | +9.9% | +1.2% | -3.1% | +6.6% | -3.8% | +8.1% | -1.0% |
| 2016 | +3.0% | -9.6% | -1.0% | +2.1% | +12.9% | -5.3% | +3.2% | +6.7% | -4.2% | +0.4% | +2.4% | +2.1% |
| 2015 | -6.2% | +14.4% | -0.6% | -3.7% | +5.5% | -5.3% | +2.0% | +0.2% | +3.2% | +7.4% | +2.9% | -1.1% |
| 2014 | -7.2% | +0.0% | -5.0% | +3.3% | -3.9% | -3.5% | +1.8% | -1.7% | +3.5% | +6.8% | +8.5% | -2.7% |
| 2013 | +12.1% | +11.6% | +5.3% | -0.1% | +5.1% | +3.8% | +2.6% | -1.5% | +0.9% | +6.3% | +10.6% | +5.8% |
| 2012 | -5.0% | +20.5% | -0.4% | -3.2% | -8.0% | +11.1% | -3.5% | +4.2% | -2.4% | -1.8% | +0.8% | -6.3% |
| 2011 | +1.2% | +6.4% | -3.6% | -2.6% | +0.2% | +3.4% | -1.1% | -4.3% | +0.2% | +9.9% | -6.3% | -1.0% |
| 2010 | -15.0% | +12.3% | +4.6% | +4.0% | -0.5% | -2.7% | -6.6% | -9.5% | +9.6% | +9.7% | -1.9% | +5.7% |
| 2009 | -30.9% | -0.3% | +31.2% | +17.6% | +23.1% | +6.0% | -17.7% | -0.2% | +3.6% | +3.1% | +6.6% | +5.2% |
| 2008 | -27.7% | -6.4% | +0.1% | +18.9% | -10.9% | -17.5% | -12.5% | -11.7% | -8.4% | +6.0% | -14.0% | +12.0% |
| 2007 | +21.0% | +15.5% | -18.9% | +3.9% | +14.2% | +2.0% | +2.3% | -3.5% | +4.1% | +17.2% | -6.2% | +15.3% |
| 2006 | +39.8% | +7.7% | +26.1% | +3.3% | -21.9% | +4.0% | +2.8% | +6.1% | +18.7% | +12.4% | +16.5% | +9.8% |
| 2005 | — | — | — | — | — | — | — | — | — | — | — | +12.5% |
| Avg | +0.5% | +3.2% | +1.7% | +2.4% | +0.5% | +0.9% | +0.3% | +0.2% | +0.1% | +4.0% | +3.5% | +3.2% |
| Median | +1.9% | +0.5% | -0.4% | +2.1% | -0.0% | +3.0% | +1.6% | -0.3% | -0.6% | +4.4% | +4.6% | +3.3% |
| Last 5Y Avg | +2.2% | +1.5% | +0.4% | -3.3% | -2.0% | +1.9% | +4.5% | +0.7% | -5.0% | +1.6% | +4.9% | +1.9% |
| Std Dev (σ) | 15.1% | 8.7% | 10.5% | 7.2% | 9.9% | 6.8% | 6.5% | 5.6% | 6.7% | 8.0% | 7.6% | 7.1% |
| Consistency (μ/σ) | 0.03 | 0.36 | 0.16 | 0.33 | 0.05 | 0.14 | 0.04 | 0.04 | 0.02 | 0.51 | 0.46 | 0.45 |
| Win Rate (%) | 57% | 57% | 43% | 62% | 48% | 65% | 75% | 45% | 45% | 70% | 70% | 57% |
| Winning / Losing Months | ▲12▼9 | ▲12▼9 | ▲9▼12 | ▲13▼8 | ▲10▼11 | ▲13▼7 | ▲15▼5 | ▲9▼11 | ▲9▼11 | ▲14▼6 | ▲14▼6 | ▲12▼9 |
| Longest Win / Loss Streak | ▲5▼3 | ▲6▼3 | ▲3▼3 | ▲5▼3 | ▲2▼3 | ▲3▼3 | ▲13▼5 | ▲3▼5 | ▲3▼8 | ▲6▼3 | ▲7▼2 | ▲6▼3 |
| Best | +39.8%in January 2006 | +20.5%in February 2012 | +31.2%in March 2009 | +18.9%in April 2008 | +23.1%in May 2009 | +11.1%in June 2012 | +10.7%in July 2024 | +9.8%in August 2020 | +18.7%in September 2006 | +20.6%in October 2021 | +16.5%in November 2006 | +15.3%in December 2007 |
| Worst | -30.9%in January 2009 | -10.5%in February 2020 | -18.9%in March 2007 | -12.3%in April 2022 | -21.9%in May 2006 | -17.5%in June 2008 | -17.7%in July 2009 | -11.7%in August 2008 | -10.1%in September 2022 | -13.2%in October 2025 | -14.0%in November 2008 | -7.5%in December 2018 |
−30.9%+39.8%
2026
Jan+7.3%
Feb-5.6%
Mar-3.9%
Apr+0.5%
May-6.5%
Jun-5.0%
Jul—
Aug—
Sep—
Oct—
Nov—
Dec—
2025
Jan+7.3%
Feb+8.4%
Mar-0.1%
Apr-2.6%
May+7.0%
Jun+2.3%
Jul+0.7%
Aug-4.5%
Sep-4.3%
Oct-13.2%
Nov+7.5%
Dec+3.3%
2024
Jan-0.9%
Feb+8.7%
Mar-0.4%
Apr-6.3%
May+4.0%
Jun+2.6%
Jul+10.7%
Aug+6.6%
Sep-0.3%
Oct-3.0%
Nov+3.3%
Dec-7.2%
2023
Jan+4.8%
Feb-5.4%
Mar+2.9%
Apr+4.5%
May-2.7%
Jun+7.1%
Jul+1.5%
Aug+2.8%
Sep-6.4%
Oct-2.4%
Nov+6.0%
Dec+13.2%
2022
Jan-7.4%
Feb+1.2%
Mar+3.4%
Apr-12.3%
May-11.6%
Jun-7.8%
Jul+8.5%
Aug-1.1%
Sep-10.1%
Oct+5.8%
Nov+13.3%
Dec-4.9%
2021
Jan-4.3%
Feb-0.0%
Mar+1.5%
Apr+5.4%
May-4.1%
Jun+5.5%
Jul+1.0%
Aug-0.3%
Sep-3.7%
Oct+20.6%
Nov-5.6%
Dec+4.9%
2020
Jan+7.8%
Feb-10.5%
Mar-9.2%
Apr+10.8%
May+8.7%
Jun-5.5%
Jul+5.7%
Aug+9.8%
Sep-5.5%
Oct-5.6%
Nov+11.8%
Dec+9.6%
2019
Jan+1.9%
Feb+0.5%
Mar-0.9%
Apr+6.8%
May+1.1%
Jun+4.9%
Jul+2.2%
Aug+6.4%
Sep-1.0%
Oct+2.2%
Nov-0.1%
Dec-1.4%
2018
Jan+4.6%
Feb-1.0%
Mar-0.5%
Apr-0.1%
May-2.2%
Jun+4.1%
Jul+0.5%
Aug+3.1%
Sep-1.5%
Oct+2.9%
Nov+6.1%
Dec-7.5%
2017
Jan+3.4%
Feb-2.1%
Mar+5.2%
Apr+0.5%
May-0.0%
Jun+9.9%
Jul+1.2%
Aug-3.1%
Sep+6.6%
Oct-3.8%
Nov+8.1%
Dec-1.0%
2016
Jan+3.0%
Feb-9.6%
Mar-1.0%
Apr+2.1%
May+12.9%
Jun-5.3%
Jul+3.2%
Aug+6.7%
Sep-4.2%
Oct+0.4%
Nov+2.4%
Dec+2.1%
2015
Jan-6.2%
Feb+14.4%
Mar-0.6%
Apr-3.7%
May+5.5%
Jun-5.3%
Jul+2.0%
Aug+0.2%
Sep+3.2%
Oct+7.4%
Nov+2.9%
Dec-1.1%
2014
Jan-7.2%
Feb+0.0%
Mar-5.0%
Apr+3.3%
May-3.9%
Jun-3.5%
Jul+1.8%
Aug-1.7%
Sep+3.5%
Oct+6.8%
Nov+8.5%
Dec-2.7%
2013
Jan+12.1%
Feb+11.6%
Mar+5.3%
Apr-0.1%
May+5.1%
Jun+3.8%
Jul+2.6%
Aug-1.5%
Sep+0.9%
Oct+6.3%
Nov+10.6%
Dec+5.8%
2012
Jan-5.0%
Feb+20.5%
Mar-0.4%
Apr-3.2%
May-8.0%
Jun+11.1%
Jul-3.5%
Aug+4.2%
Sep-2.4%
Oct-1.8%
Nov+0.8%
Dec-6.3%
2011
Jan+1.2%
Feb+6.4%
Mar-3.6%
Apr-2.6%
May+0.2%
Jun+3.4%
Jul-1.1%
Aug-4.3%
Sep+0.2%
Oct+9.9%
Nov-6.3%
Dec-1.0%
2010
Jan-15.0%
Feb+12.3%
Mar+4.6%
Apr+4.0%
May-0.5%
Jun-2.7%
Jul-6.6%
Aug-9.5%
Sep+9.6%
Oct+9.7%
Nov-1.9%
Dec+5.7%
2009
Jan-30.9%
Feb-0.3%
Mar+31.2%
Apr+17.6%
May+23.1%
Jun+6.0%
Jul-17.7%
Aug-0.2%
Sep+3.6%
Oct+3.1%
Nov+6.6%
Dec+5.2%
2008
Jan-27.7%
Feb-6.4%
Mar+0.1%
Apr+18.9%
May-10.9%
Jun-17.5%
Jul-12.5%
Aug-11.7%
Sep-8.4%
Oct+6.0%
Nov-14.0%
Dec+12.0%
2007
Jan+21.0%
Feb+15.5%
Mar-18.9%
Apr+3.9%
May+14.2%
Jun+2.0%
Jul+2.3%
Aug-3.5%
Sep+4.1%
Oct+17.2%
Nov-6.2%
Dec+15.3%
2006
Jan+39.8%
Feb+7.7%
Mar+26.1%
Apr+3.3%
May-21.9%
Jun+4.0%
Jul+2.8%
Aug+6.1%
Sep+18.7%
Oct+12.4%
Nov+16.5%
Dec+9.8%
2005
Jan—
Feb—
Mar—
Apr—
May—
Jun—
Jul—
Aug—
Sep—
Oct—
Nov—
Dec+12.5%
Avg
Jan+0.5%
Feb+3.2%
Mar+1.7%
Apr+2.4%
May+0.5%
Jun+0.9%
Jul+0.3%
Aug+0.2%
Sep+0.1%
Oct+4.0%
Nov+3.5%
Dec+3.2%
Median
Jan+1.9%
Feb+0.5%
Mar-0.4%
Apr+2.1%
May-0.0%
Jun+3.0%
Jul+1.6%
Aug-0.3%
Sep-0.6%
Oct+4.4%
Nov+4.6%
Dec+3.3%
Last 5Y Avg
Jan+2.2%
Feb+1.5%
Mar+0.4%
Apr-3.3%
May-2.0%
Jun+1.9%
Jul+4.5%
Aug+0.7%
Sep-5.0%
Oct+1.6%
Nov+4.9%
Dec+1.9%
Std Dev (σ)
Jan15.1%
Feb8.7%
Mar10.5%
Apr7.2%
May9.9%
Jun6.8%
Jul6.5%
Aug5.6%
Sep6.7%
Oct8.0%
Nov7.6%
Dec7.1%
Consistency (μ/σ)
Jan0.03
Feb0.36
Mar0.16
Apr0.33
May0.05
Jun0.14
Jul0.04
Aug0.04
Sep0.02
Oct0.51
Nov0.46
Dec0.45
Win Rate (%)
Jan57%
Feb57%
Mar43%
Apr62%
May48%
Jun65%
Jul75%
Aug45%
Sep45%
Oct70%
Nov70%
Dec57%
Winning / Losing Months
Jan▲12▼9
Feb▲12▼9
Mar▲9▼12
Apr▲13▼8
May▲10▼11
Jun▲13▼7
Jul▲15▼5
Aug▲9▼11
Sep▲9▼11
Oct▲14▼6
Nov▲14▼6
Dec▲12▼9
Longest Win / Loss Streak
Jan▲5▼3
Feb▲6▼3
Mar▲3▼3
Apr▲5▼3
May▲2▼3
Jun▲3▼3
Jul▲13▼5
Aug▲3▼5
Sep▲3▼8
Oct▲6▼3
Nov▲7▼2
Dec▲6▼3
Best
Jan+39.8%2006
Feb+20.5%2012
Mar+31.2%2009
Apr+18.9%2008
May+23.1%2009
Jun+11.1%2012
Jul+10.7%2024
Aug+9.8%2020
Sep+18.7%2006
Oct+20.6%2021
Nov+16.5%2006
Dec+15.3%2007
Worst
Jan-30.9%2009
Feb-10.5%2020
Mar-18.9%2007
Apr-12.3%2022
May-21.9%2006
Jun-17.5%2008
Jul-17.7%2009
Aug-11.7%2008
Sep-10.1%2022
Oct-13.2%2025
Nov-14.0%2008
Dec-7.5%2018
−30.9%+39.8%
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