Russell 2000 (^RUT) 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 | +5.3% | +0.7% | -5.2% | +12.2% | +4.3% | +3.6% | -3.1% | +1.7% | — | — | — | — |
| 2025 | +2.6% | -5.4% | -7.0% | -2.4% | +5.2% | +5.3% | +1.7% | +7.0% | +3.0% | +1.8% | +0.8% | -0.7% |
| 2024 | -3.9% | +5.5% | +3.4% | -7.1% | +4.9% | -1.1% | +10.1% | -1.6% | +0.6% | -1.5% | +10.8% | -8.4% |
| 2023 | +9.7% | -1.8% | -5.0% | -1.9% | -1.1% | +7.9% | +6.1% | -5.2% | -6.0% | -6.9% | +8.8% | +12.1% |
| 2022 | -9.7% | +1.0% | +1.1% | -10.0% | -0.0% | -8.4% | +10.4% | -2.2% | -9.7% | +10.9% | +2.2% | -6.6% |
| 2021 | +5.0% | +6.1% | +0.9% | +2.1% | +0.1% | +1.8% | -3.6% | +2.1% | -3.1% | +4.2% | -4.3% | +2.1% |
| 2020 | -3.3% | -8.5% | -21.9% | +13.7% | +6.4% | +3.4% | +2.7% | +5.5% | -3.5% | +2.0% | +18.3% | +8.5% |
| 2019 | +11.2% | +5.1% | -2.3% | +3.3% | -7.9% | +6.9% | +0.5% | -5.1% | +1.9% | +2.6% | +4.0% | +2.7% |
| 2018 | +2.6% | -4.0% | +1.1% | +0.8% | +5.9% | +0.6% | +1.7% | +4.2% | -2.5% | -10.9% | +1.4% | -12.0% |
| 2017 | +0.3% | +1.8% | -0.1% | +1.0% | -2.2% | +3.3% | +0.7% | -1.4% | +6.1% | +0.8% | +2.8% | -0.6% |
| 2016 | -8.8% | -0.1% | +7.8% | +1.5% | +2.1% | -0.2% | +5.9% | +1.6% | +0.9% | -4.8% | +11.0% | +2.6% |
| 2015 | -3.3% | +5.8% | +1.6% | -2.6% | +2.2% | +0.6% | -1.2% | -6.4% | -5.1% | +5.6% | +3.1% | -5.2% |
| 2014 | -2.8% | +4.6% | -0.8% | -3.9% | +0.7% | +5.2% | -6.1% | +4.8% | -6.2% | +6.5% | -0.0% | +2.7% |
| 2013 | +6.2% | +1.0% | +4.4% | -0.4% | +3.9% | -0.7% | +6.9% | -3.3% | +6.2% | +2.5% | +3.9% | +1.8% |
| 2012 | +7.0% | +2.3% | +2.4% | -1.6% | -6.7% | +4.8% | -1.4% | +3.2% | +3.1% | -2.2% | +0.4% | +3.3% |
| 2011 | -0.3% | +5.4% | +2.4% | +2.6% | -2.0% | -2.5% | -3.7% | -8.8% | -11.4% | +15.0% | -0.5% | +0.5% |
| 2010 | -3.7% | +4.4% | +8.0% | +5.6% | -7.7% | -7.9% | +6.8% | -7.5% | +12.3% | +4.0% | +3.4% | +7.8% |
| 2009 | -11.2% | -12.3% | +8.7% | +15.3% | +2.9% | +1.3% | +9.5% | +2.8% | +5.6% | -6.9% | +3.0% | +7.9% |
| 2008 | -6.9% | -3.8% | +0.3% | +4.1% | +4.5% | -7.8% | +3.6% | +3.5% | -8.1% | -20.9% | -12.0% | +5.6% |
| 2007 | +1.6% | -0.9% | +0.9% | +1.7% | +4.0% | -1.6% | -6.9% | +2.2% | +1.6% | +2.8% | -7.3% | -0.2% |
| 2006 | +8.9% | -0.3% | +4.7% | -0.1% | -5.7% | +0.5% | -3.3% | +2.9% | +0.7% | +5.7% | +2.5% | +0.2% |
| 2005 | -4.2% | +1.6% | -3.0% | -5.8% | +6.4% | +3.7% | +6.3% | -1.9% | +0.2% | -3.2% | +4.7% | -0.6% |
| 2004 | +4.3% | +0.8% | +0.8% | -5.2% | +1.5% | +4.1% | -6.8% | -0.6% | +4.6% | +1.9% | +8.6% | +2.8% |
| 2003 | -2.9% | -3.1% | +1.1% | +9.4% | +10.6% | +1.7% | +6.2% | +4.5% | -2.0% | +8.3% | +3.5% | +1.9% |
| 2002 | -1.1% | -2.8% | +7.9% | +0.8% | -4.5% | -5.1% | -15.2% | -0.4% | -7.3% | +3.1% | +8.8% | -5.7% |
| 2001 | +5.1% | -6.7% | -5.0% | +7.7% | +2.3% | +3.3% | -5.4% | -3.3% | -13.6% | +5.8% | +7.6% | +6.0% |
| 2000 | -1.7% | +16.4% | -6.7% | -6.1% | -5.9% | +8.6% | -3.2% | +7.4% | -3.1% | -4.5% | -10.4% | +8.4% |
| 1999 | +1.2% | -8.2% | +1.4% | +8.8% | +1.4% | +4.3% | -2.8% | -3.8% | -0.1% | +0.3% | +5.9% | +11.2% |
| 1998 | -1.6% | +7.4% | +4.1% | +0.5% | -5.4% | +0.2% | -8.2% | -19.5% | +7.6% | +4.0% | +5.2% | +6.1% |
| 1997 | +1.9% | -2.5% | -4.9% | +0.1% | +11.0% | +4.1% | +4.6% | +2.2% | +7.2% | -4.5% | -0.8% | +1.7% |
| 1996 | -0.2% | +3.0% | +1.8% | +5.3% | +3.9% | -4.2% | -8.8% | +5.7% | +3.7% | -1.7% | +4.0% | +2.4% |
| 1995 | -1.4% | +3.9% | +1.6% | +2.1% | +1.5% | +5.0% | +5.7% | +1.9% | +1.7% | -4.6% | +4.2% | +2.4% |
| 1994 | +3.1% | -0.4% | -5.4% | +0.6% | -1.3% | -3.6% | +1.6% | +5.4% | -0.5% | -0.4% | -4.2% | +2.5% |
| 1993 | +3.2% | -2.5% | +3.1% | -2.8% | +4.3% | +0.5% | +1.3% | +4.1% | +2.8% | +2.5% | -3.4% | +3.3% |
| 1992 | +8.0% | +2.9% | -3.5% | -3.7% | +1.2% | -5.0% | +3.3% | -3.1% | +2.2% | +3.1% | +7.5% | +3.4% |
| 1991 | +9.1% | +11.0% | +6.9% | -0.2% | +4.5% | -6.0% | +3.1% | +3.7% | +0.6% | +2.7% | -4.7% | +7.7% |
| 1990 | -8.9% | +2.9% | +3.7% | -3.4% | +6.8% | +0.1% | -4.5% | -13.6% | -9.2% | -6.2% | +7.3% | +3.7% |
| 1989 | +4.4% | +0.5% | +2.2% | +4.3% | +4.2% | -2.4% | +4.2% | +2.1% | +0.0% | -6.0% | +0.4% | +0.1% |
| 1988 | +4.0% | +8.7% | +4.4% | +2.0% | -2.5% | +7.0% | -0.9% | -2.8% | +2.3% | -1.2% | -3.6% | +3.8% |
| 1987 | — | — | — | — | — | — | — | — | — | -30.8% | -5.5% | +7.8% |
| Avg | +0.7% | +1.0% | +0.4% | +1.2% | +1.4% | +0.8% | +0.4% | -0.4% | -0.4% | -0.5% | +2.2% | +2.4% |
| Median | +1.2% | +1.0% | +1.1% | +0.8% | +2.1% | +0.6% | +1.3% | +1.8% | +0.6% | +1.8% | +3.0% | +2.6% |
| Last 5Y Avg | +0.8% | -0.0% | -2.5% | -1.8% | +2.6% | +1.5% | +5.0% | +0.0% | -3.1% | +1.7% | +3.7% | -0.3% |
| Std Dev (σ) | 5.6% | 5.5% | 5.6% | 5.6% | 4.7% | 4.5% | 5.8% | 5.7% | 5.7% | 8.0% | 6.1% | 5.1% |
| Consistency (μ/σ) | 0.13 | 0.18 | 0.07 | 0.22 | 0.29 | 0.18 | 0.08 | -0.06 | -0.08 | -0.07 | 0.37 | 0.47 |
| Win Rate (%) | 54% | 59% | 67% | 59% | 67% | 64% | 56% | 53% | 58% | 56% | 69% | 77% |
| Winning / Losing Months | ▲21▼18 | ▲23▼16 | ▲26▼13 | ▲23▼16 | ▲26▼13 | ▲25▼14 | ▲22▼17 | ▲20▼18 | ▲22▼16 | ▲22▼17 | ▲27▼12 | ▲30▼9 |
| Longest Win / Loss Streak | ▲4▼4 | ▲6▼4 | ▲8▼2 | ▲6▼4 | ▲5▼3 | ▲5▼2 | ▲5▼5 | ▲5▼3 | ▲4▼5 | ▲4▼4 | ▲6▼2 | ▲15▼2 |
| Best | +11.2%in January 2019 | +16.4%in February 2000 | +8.7%in March 2009 | +15.3%in April 2009 | +11.0%in May 1997 | +8.6%in June 2000 | +10.4%in July 2022 | +7.4%in August 2000 | +12.3%in September 2010 | +15.0%in October 2011 | +18.3%in November 2020 | +12.1%in December 2023 |
| Worst | -11.2%in January 2009 | -12.3%in February 2009 | -21.9%in March 2020 | -10.0%in April 2022 | -7.9%in May 2019 | -8.4%in June 2022 | -15.2%in July 2002 | -19.5%in August 1998 | -13.6%in September 2001 | -30.8%in October 1987 | -12.0%in November 2008 | -12.0%in December 2018 |
-30.8%+18.3%
2026
Jan+5.3%
Feb+0.7%
Mar-5.2%
Apr+12.2%
May+4.3%
Jun+3.6%
Jul-3.1%
Aug+1.7%
Sep—
Oct—
Nov—
Dec—
2025
Jan+2.6%
Feb-5.4%
Mar-7.0%
Apr-2.4%
May+5.2%
Jun+5.3%
Jul+1.7%
Aug+7.0%
Sep+3.0%
Oct+1.8%
Nov+0.8%
Dec-0.7%
2024
Jan-3.9%
Feb+5.5%
Mar+3.4%
Apr-7.1%
May+4.9%
Jun-1.1%
Jul+10.1%
Aug-1.6%
Sep+0.6%
Oct-1.5%
Nov+10.8%
Dec-8.4%
2023
Jan+9.7%
Feb-1.8%
Mar-5.0%
Apr-1.9%
May-1.1%
Jun+7.9%
Jul+6.1%
Aug-5.2%
Sep-6.0%
Oct-6.9%
Nov+8.8%
Dec+12.1%
2022
Jan-9.7%
Feb+1.0%
Mar+1.1%
Apr-10.0%
May-0.0%
Jun-8.4%
Jul+10.4%
Aug-2.2%
Sep-9.7%
Oct+10.9%
Nov+2.2%
Dec-6.6%
2021
Jan+5.0%
Feb+6.1%
Mar+0.9%
Apr+2.1%
May+0.1%
Jun+1.8%
Jul-3.6%
Aug+2.1%
Sep-3.1%
Oct+4.2%
Nov-4.3%
Dec+2.1%
2020
Jan-3.3%
Feb-8.5%
Mar-21.9%
Apr+13.7%
May+6.4%
Jun+3.4%
Jul+2.7%
Aug+5.5%
Sep-3.5%
Oct+2.0%
Nov+18.3%
Dec+8.5%
2019
Jan+11.2%
Feb+5.1%
Mar-2.3%
Apr+3.3%
May-7.9%
Jun+6.9%
Jul+0.5%
Aug-5.1%
Sep+1.9%
Oct+2.6%
Nov+4.0%
Dec+2.7%
2018
Jan+2.6%
Feb-4.0%
Mar+1.1%
Apr+0.8%
May+5.9%
Jun+0.6%
Jul+1.7%
Aug+4.2%
Sep-2.5%
Oct-10.9%
Nov+1.4%
Dec-12.0%
2017
Jan+0.3%
Feb+1.8%
Mar-0.1%
Apr+1.0%
May-2.2%
Jun+3.3%
Jul+0.7%
Aug-1.4%
Sep+6.1%
Oct+0.8%
Nov+2.8%
Dec-0.6%
2016
Jan-8.8%
Feb-0.1%
Mar+7.8%
Apr+1.5%
May+2.1%
Jun-0.2%
Jul+5.9%
Aug+1.6%
Sep+0.9%
Oct-4.8%
Nov+11.0%
Dec+2.6%
2015
Jan-3.3%
Feb+5.8%
Mar+1.6%
Apr-2.6%
May+2.2%
Jun+0.6%
Jul-1.2%
Aug-6.4%
Sep-5.1%
Oct+5.6%
Nov+3.1%
Dec-5.2%
2014
Jan-2.8%
Feb+4.6%
Mar-0.8%
Apr-3.9%
May+0.7%
Jun+5.2%
Jul-6.1%
Aug+4.8%
Sep-6.2%
Oct+6.5%
Nov-0.0%
Dec+2.7%
2013
Jan+6.2%
Feb+1.0%
Mar+4.4%
Apr-0.4%
May+3.9%
Jun-0.7%
Jul+6.9%
Aug-3.3%
Sep+6.2%
Oct+2.5%
Nov+3.9%
Dec+1.8%
2012
Jan+7.0%
Feb+2.3%
Mar+2.4%
Apr-1.6%
May-6.7%
Jun+4.8%
Jul-1.4%
Aug+3.2%
Sep+3.1%
Oct-2.2%
Nov+0.4%
Dec+3.3%
2011
Jan-0.3%
Feb+5.4%
Mar+2.4%
Apr+2.6%
May-2.0%
Jun-2.5%
Jul-3.7%
Aug-8.8%
Sep-11.4%
Oct+15.0%
Nov-0.5%
Dec+0.5%
2010
Jan-3.7%
Feb+4.4%
Mar+8.0%
Apr+5.6%
May-7.7%
Jun-7.9%
Jul+6.8%
Aug-7.5%
Sep+12.3%
Oct+4.0%
Nov+3.4%
Dec+7.8%
2009
Jan-11.2%
Feb-12.3%
Mar+8.7%
Apr+15.3%
May+2.9%
Jun+1.3%
Jul+9.5%
Aug+2.8%
Sep+5.6%
Oct-6.9%
Nov+3.0%
Dec+7.9%
2008
Jan-6.9%
Feb-3.8%
Mar+0.3%
Apr+4.1%
May+4.5%
Jun-7.8%
Jul+3.6%
Aug+3.5%
Sep-8.1%
Oct-20.9%
Nov-12.0%
Dec+5.6%
2007
Jan+1.6%
Feb-0.9%
Mar+0.9%
Apr+1.7%
May+4.0%
Jun-1.6%
Jul-6.9%
Aug+2.2%
Sep+1.6%
Oct+2.8%
Nov-7.3%
Dec-0.2%
2006
Jan+8.9%
Feb-0.3%
Mar+4.7%
Apr-0.1%
May-5.7%
Jun+0.5%
Jul-3.3%
Aug+2.9%
Sep+0.7%
Oct+5.7%
Nov+2.5%
Dec+0.2%
2005
Jan-4.2%
Feb+1.6%
Mar-3.0%
Apr-5.8%
May+6.4%
Jun+3.7%
Jul+6.3%
Aug-1.9%
Sep+0.2%
Oct-3.2%
Nov+4.7%
Dec-0.6%
2004
Jan+4.3%
Feb+0.8%
Mar+0.8%
Apr-5.2%
May+1.5%
Jun+4.1%
Jul-6.8%
Aug-0.6%
Sep+4.6%
Oct+1.9%
Nov+8.6%
Dec+2.8%
2003
Jan-2.9%
Feb-3.1%
Mar+1.1%
Apr+9.4%
May+10.6%
Jun+1.7%
Jul+6.2%
Aug+4.5%
Sep-2.0%
Oct+8.3%
Nov+3.5%
Dec+1.9%
2002
Jan-1.1%
Feb-2.8%
Mar+7.9%
Apr+0.8%
May-4.5%
Jun-5.1%
Jul-15.2%
Aug-0.4%
Sep-7.3%
Oct+3.1%
Nov+8.8%
Dec-5.7%
2001
Jan+5.1%
Feb-6.7%
Mar-5.0%
Apr+7.7%
May+2.3%
Jun+3.3%
Jul-5.4%
Aug-3.3%
Sep-13.6%
Oct+5.8%
Nov+7.6%
Dec+6.0%
2000
Jan-1.7%
Feb+16.4%
Mar-6.7%
Apr-6.1%
May-5.9%
Jun+8.6%
Jul-3.2%
Aug+7.4%
Sep-3.1%
Oct-4.5%
Nov-10.4%
Dec+8.4%
1999
Jan+1.2%
Feb-8.2%
Mar+1.4%
Apr+8.8%
May+1.4%
Jun+4.3%
Jul-2.8%
Aug-3.8%
Sep-0.1%
Oct+0.3%
Nov+5.9%
Dec+11.2%
1998
Jan-1.6%
Feb+7.4%
Mar+4.1%
Apr+0.5%
May-5.4%
Jun+0.2%
Jul-8.2%
Aug-19.5%
Sep+7.6%
Oct+4.0%
Nov+5.2%
Dec+6.1%
1997
Jan+1.9%
Feb-2.5%
Mar-4.9%
Apr+0.1%
May+11.0%
Jun+4.1%
Jul+4.6%
Aug+2.2%
Sep+7.2%
Oct-4.5%
Nov-0.8%
Dec+1.7%
1996
Jan-0.2%
Feb+3.0%
Mar+1.8%
Apr+5.3%
May+3.9%
Jun-4.2%
Jul-8.8%
Aug+5.7%
Sep+3.7%
Oct-1.7%
Nov+4.0%
Dec+2.4%
1995
Jan-1.4%
Feb+3.9%
Mar+1.6%
Apr+2.1%
May+1.5%
Jun+5.0%
Jul+5.7%
Aug+1.9%
Sep+1.7%
Oct-4.6%
Nov+4.2%
Dec+2.4%
1994
Jan+3.1%
Feb-0.4%
Mar-5.4%
Apr+0.6%
May-1.3%
Jun-3.6%
Jul+1.6%
Aug+5.4%
Sep-0.5%
Oct-0.4%
Nov-4.2%
Dec+2.5%
1993
Jan+3.2%
Feb-2.5%
Mar+3.1%
Apr-2.8%
May+4.3%
Jun+0.5%
Jul+1.3%
Aug+4.1%
Sep+2.8%
Oct+2.5%
Nov-3.4%
Dec+3.3%
1992
Jan+8.0%
Feb+2.9%
Mar-3.5%
Apr-3.7%
May+1.2%
Jun-5.0%
Jul+3.3%
Aug-3.1%
Sep+2.2%
Oct+3.1%
Nov+7.5%
Dec+3.4%
1991
Jan+9.1%
Feb+11.0%
Mar+6.9%
Apr-0.2%
May+4.5%
Jun-6.0%
Jul+3.1%
Aug+3.7%
Sep+0.6%
Oct+2.7%
Nov-4.7%
Dec+7.7%
1990
Jan-8.9%
Feb+2.9%
Mar+3.7%
Apr-3.4%
May+6.8%
Jun+0.1%
Jul-4.5%
Aug-13.6%
Sep-9.2%
Oct-6.2%
Nov+7.3%
Dec+3.7%
1989
Jan+4.4%
Feb+0.5%
Mar+2.2%
Apr+4.3%
May+4.2%
Jun-2.4%
Jul+4.2%
Aug+2.1%
Sep+0.0%
Oct-6.0%
Nov+0.4%
Dec+0.1%
1988
Jan+4.0%
Feb+8.7%
Mar+4.4%
Apr+2.0%
May-2.5%
Jun+7.0%
Jul-0.9%
Aug-2.8%
Sep+2.3%
Oct-1.2%
Nov-3.6%
Dec+3.8%
1987
Jan—
Feb—
Mar—
Apr—
May—
Jun—
Jul—
Aug—
Sep—
Oct-30.8%
Nov-5.5%
Dec+7.8%
Avg
Jan+0.7%
Feb+1.0%
Mar+0.4%
Apr+1.2%
May+1.4%
Jun+0.8%
Jul+0.4%
Aug-0.4%
Sep-0.4%
Oct-0.5%
Nov+2.2%
Dec+2.4%
Median
Jan+1.2%
Feb+1.0%
Mar+1.1%
Apr+0.8%
May+2.1%
Jun+0.6%
Jul+1.3%
Aug+1.8%
Sep+0.6%
Oct+1.8%
Nov+3.0%
Dec+2.6%
Last 5Y Avg
Jan+0.8%
Feb-0.0%
Mar-2.5%
Apr-1.8%
May+2.6%
Jun+1.5%
Jul+5.0%
Aug+0.0%
Sep-3.1%
Oct+1.7%
Nov+3.7%
Dec-0.3%
Std Dev (σ)
Jan5.6%
Feb5.5%
Mar5.6%
Apr5.6%
May4.7%
Jun4.5%
Jul5.8%
Aug5.7%
Sep5.7%
Oct8.0%
Nov6.1%
Dec5.1%
Consistency (μ/σ)
Jan0.13
Feb0.18
Mar0.07
Apr0.22
May0.29
Jun0.18
Jul0.08
Aug-0.06
Sep-0.08
Oct-0.07
Nov0.37
Dec0.47
Win Rate (%)
Jan54%
Feb59%
Mar67%
Apr59%
May67%
Jun64%
Jul56%
Aug53%
Sep58%
Oct56%
Nov69%
Dec77%
Winning / Losing Months
Jan▲21▼18
Feb▲23▼16
Mar▲26▼13
Apr▲23▼16
May▲26▼13
Jun▲25▼14
Jul▲22▼17
Aug▲20▼18
Sep▲22▼16
Oct▲22▼17
Nov▲27▼12
Dec▲30▼9
Longest Win / Loss Streak
Jan▲4▼4
Feb▲6▼4
Mar▲8▼2
Apr▲6▼4
May▲5▼3
Jun▲5▼2
Jul▲5▼5
Aug▲5▼3
Sep▲4▼5
Oct▲4▼4
Nov▲6▼2
Dec▲15▼2
Best
Jan+11.2%2019
Feb+16.4%2000
Mar+8.7%2009
Apr+15.3%2009
May+11.0%1997
Jun+8.6%2000
Jul+10.4%2022
Aug+7.4%2000
Sep+12.3%2010
Oct+15.0%2011
Nov+18.3%2020
Dec+12.1%2023
Worst
Jan-11.2%2009
Feb-12.3%2009
Mar-21.9%2020
Apr-10.0%2022
May-7.9%2019
Jun-8.4%2022
Jul-15.2%2002
Aug-19.5%1998
Sep-13.6%2001
Oct-30.8%1987
Nov-12.0%2008
Dec-12.0%2018
-30.8%+18.3%