The takeaway
SPDR® Kensho Clean Power ETF shows a moderate seasonal pattern over 8 years of data — strongest in November (+4.9%) and softest in April (−1.7%).
Right now
In July, the fund has risen 71% of years, averaging +6.3%, about +4.1 pts better than the S&P 500.
The full picture
SPDR® Kensho Clean Power ETF's most dependable month has been November, higher in 6 of 8 years; April has been its least reliable, up just 29% of the time.
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| 2018 | — | — | — | — | — | — | — | — | — |
Month by month
The fund's clearest edge over the S&P 500 lands in May (+5.3 pts); it has trailed the market most in March (−5.0 pts).
“vs S&P” is SPDR® Kensho Clean Power ETF’s average for a month minus the S&P 500’s average for that same month — isolating SPDR® Kensho Clean Power ETF’s own seasonal edge from broad market drift.
Reality check
Over the last 5 years, November has closed higher 60% of the time versus 75% across the last 8 years — the pattern is weakening.
Figures are the typical (median) November return and how often it rose — the last 5 years versus the last 8(the heatmap’s default window). This verdict stays anchored to that 8-year window even if you zoom the chart, so it never disagrees with the badges above.
In plain English
This is a fund you can almost set a calendar by, and November is the anchor — it has closed higher in 6 of 8 Novembers, the steadiest beat on its year.
The strength looks broad-based rather than freakish: its average (+4.9%) and median (+5.9%) sit close together, so no single blow-out year is flattering the figure. That reliability comes with real swings, mind — even November ranges by 9.5% from year to year, so any single year can land far from the average. Better still, that strength is the fund's own and not just a buoyant market — November has outpaced the S&P 500 by +2.6 points on average. Few peers keep such company in November — the typical stock clears it just 62% of the time.
It doesn't stand entirely alone — June and July have leaned firm as well, if less emphatically. On the other side of the ledger, April has been the soft spot — the weakest of 3 months that average a loss (−1.7%), and the edge isn't year-round — the fund has trailed the S&P 500 in March, April, and February. Its roughest month on record was a −24.4% March in 2020 — a reminder of how hard even a seasonal name can fall.
The pattern has softened of late, November's last five years slipping below its longer-run record.
For a fund this dependable in November, the sharper question is the rest of the year — outside its strong stretch, the calendar gives far less to lean on. With a short 8-year record, the signal is best held loosely.
Short answers on the fund's best month (November), its worst (April), and whether it really trades seasonally.
Yes, to a moderate degree. Since 2018 its best month (November, +4.9%) has run well ahead of its worst (April, −1.7%) — the heatmap above shows how steady that gap has been year to year.
November has been the strongest, averaging +4.9% and closing higher in 6 of 8 years since 2018.
It's the weakest, averaging −1.7% — 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.
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