The takeaway
MicroSectors FANG+ Index -3X Inverse Leveraged ETN shows a pronounced seasonal pattern over 8 years of data — strongest in September (+5.9%) and softest in June (−17.6%).
Right now
In July, the fund has fallen 38% of years, averaging −7.3%, roughly 9.4 pts behind the S&P 500.
The full picture
MicroSectors FANG+ Index -3X Inverse Leveraged ETN's most dependable month has been September, higher in 5 of 8 years; June has been its least reliable, up just 13% 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 | ||||||||||||
| 2020 | ||||||||||||
| 2019 | ||||||||||||
| 2018 |
Month by month
The fund's clearest edge over the S&P 500 lands in September (+6.0 pts); it has trailed the market most in June (−17.8 pts).
“vs S&P” is MicroSectors FANG+ Index -3X Inverse Leveraged ETN’s average for a month minus the S&P 500’s average for that same month — isolating MicroSectors FANG+ Index -3X Inverse Leveraged ETN’s own seasonal edge from broad market drift.
Reality check
Over the last 5 years, September has closed higher 60% of the time versus 63% across the last 8 years — the pattern is strengthening.
Figures are the typical (median) September 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
The year leans September's way without overwhelming the rest of it: the fund has closed higher in 5 of 8 Septembers, its most dependable month if not a dominant one.
Its average (+5.9%) and median (+9.7%) 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 September ranges by 17.1% 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: September has cleared the S&P 500 by +6.0 points above the index. It bucks the broad tape, besides: September lifts just 39% of stocks across the market.
Only March comes anywhere near it for reliability. On the other side of the ledger, June has been the soft spot — the weakest of 10 months that average a loss (−17.6%), and the edge isn't year-round — the fund has trailed the S&P 500 in June, November, and January. Its roughest month on record was a −53.4% April in 2020 — a reminder of how hard even a seasonal name can fall.
If anything it has sharpened recently — the last five Septembers run ahead of the earlier years.
Treat it as a tendency rather than a rule — seasonality describes the past, not a promise. With a short 8-year record and returns that swing hard year to year, the signal is best held loosely.
Short answers on the fund's best month (September), its worst (June), and whether it really trades seasonally.
Yes, to a pronounced degree. Since 2018 its best month (September, +5.9%) has run well ahead of its worst (June, −17.6%) — the heatmap above shows how steady that gap has been year to year.
September has been the strongest, averaging +5.9% and closing higher in 5 of 8 years since 2018.
It's the weakest, averaging −17.6% — 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