The takeaway
MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETNs shows a pronounced seasonal pattern over 5 years of data — strongest in April (+16.9%) and softest in May (−20.9%).
Right now
In July, the fund has fallen 25% of years, averaging −15.5%, roughly 17.7 pts behind the S&P 500.
The full picture
MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETNs's most dependable month has been April, higher in 3 of 4 years; May has been its least reliable, up just 0% of the time.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Win rate % | ||||||||||||
| Median return % | ||||||||||||
| 2025 | ||||||||||||
| 2024 | ||||||||||||
| 2023 | ||||||||||||
| 2022 | ||||||||||||
| 2021 | — | — | — | — | — | — | — |
Month by month
The fund's clearest edge over the S&P 500 lands in April (+15.2 pts); it has trailed the market most in May (−21.6 pts).
“vs S&P” is MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETNs’s average for a month minus the S&P 500’s average for that same month — isolating MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETNs’s own seasonal edge from broad market drift.
Reality check
Over the last 4 years, April has closed higher 75% of the time versus 75% across the last 5 years — the pattern is holding.
Figures are the typical (median) April return and how often it rose — the last 4 years versus the last 5(the heatmap’s default window). This verdict stays anchored to that 5-year window even if you zoom the chart, so it never disagrees with the badges above.
In plain English
Strip the year back and a single month does the heavy lifting: April, up in 3 of 4 Aprils while the other eleven tend to blur together.
Its average (+16.9%) and median (+12.8%) land within a hair of each other — the tell of steady, year-after-year gains rather than one outlier doing the work. That reliability comes with real swings, mind — even April ranges by 36.1% from year to year, so any single year can land far from the average. Crucially, the gain is the fund's own rather than a rising tide's: April has cleared the S&P 500 by +15.2 points above the index. That consistency sets it apart from the field, where the average stock manages April only about 55% of the time.
A few other months pull their weight: February and September have also closed higher more often than not. On the other side of the ledger, May has been the soft spot — the weakest of 8 months that average a loss (−20.9%), and the edge isn't year-round — the fund has trailed the S&P 500 in May, July, and November. Its roughest month on record was a −43.1% January in 2023 — a reminder of how hard even a seasonal name can fall.
The takeaway is less about when to buy than what to expect: April aside, the fund's months offer little reliable tilt. With a short 5-year record and returns that swing hard year to year, the signal is best held loosely.
Short answers on the fund's best month (April), its worst (May), and whether it really trades seasonally.
Yes, to a pronounced degree. Since 2021 its best month (April, +16.9%) has run well ahead of its worst (May, −20.9%) — the heatmap above shows how steady that gap has been year to year.
April has been the strongest, averaging +16.9% and closing higher in 3 of 4 years since 2021.
It's the weakest, averaging −20.9% — historically a soft spot, though it still varies from year to year.
Explore
These names have the strongest July track records on record — a starting point for comparison.
Before you trade