The takeaway
AdvisorShares Ranger Equity Bear ETF shows a pronounced seasonal pattern over 10 years of data — strongest in March (+2.3%) and softest in November (−5.9%).
Right now
In July, the fund has fallen 30% of years, averaging −3.0%, roughly 5.2 pts behind the S&P 500.
The full picture
AdvisorShares Ranger Equity Bear ETF's most dependable month has been March, higher in 6 of 10 years; November has been its least reliable, up just 20% 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 | ||||||||||||
| 2017 | ||||||||||||
| 2016 |
Month by month
The fund's clearest edge over the S&P 500 lands in March (+1.2 pts); it has trailed the market most in November (−8.2 pts).
“vs S&P” is AdvisorShares Ranger Equity Bear ETF’s average for a month minus the S&P 500’s average for that same month — isolating AdvisorShares Ranger Equity Bear ETF’s own seasonal edge from broad market drift.
Reality check
Over the last 5 years, March has closed higher 40% of the time versus 60% across the last 10 years — the pattern is weakening.
Figures are the typical (median) March return and how often it rose — the last 5 years versus the last 10(the heatmap’s default window). This verdict stays anchored to that 10-year window even if you zoom the chart, so it never disagrees with the badges above.
In plain English
This is a feast-or-famine calendar. March reads as the strong month, higher in 6 of 10 Marches, but the tale is one of a few outsized years more than steady gains.
Read it with one caveat: the average (+2.3%) runs well ahead of the median (+0.6%), so a handful of outsized years — not steady strength — do much of the lifting. Better still, that strength is the fund's own and not just a buoyant market — March has outpaced the S&P 500 by +1.2 points on average.
Only September comes anywhere near it for reliability. On the other side of the ledger, November has been the soft spot — the weakest of 8 months that average a loss (−5.9%), and the edge isn't year-round — the fund has trailed the S&P 500 in November, July, and June. Its roughest month on record was a −23.6% November in 2020 — a reminder of how hard even a seasonal name can fall.
The pattern has softened of late, March's last five years slipping below its longer-run record.
Hold it loosely, then: the March tendency is genuine but lumpy, more about the occasional outsized year than a gain to bank on.
Short answers on the fund's best month (March), its worst (November), and whether it really trades seasonally.
Yes, to a pronounced degree. Since 2016 its best month (March, +2.3%) has run well ahead of its worst (November, −5.9%) — the heatmap above shows how steady that gap has been year to year.
March has been the strongest, averaging +2.3% and closing higher in 6 of 10 years since 2016.
It's the weakest, averaging −5.9% — 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