The takeaway
JPMorgan International Growth ETF shows a moderate seasonal pattern over 6 years of data — strongest in July (+2.3%) and softest in September (−2.3%).
Right now
In July, the fund has risen 83% of years, averaging +2.3% — essentially in line with the S&P 500.
The full picture
JPMorgan International Growth ETF's most dependable month has been July, higher in 5 of 6 years; September has been its least reliable, up just 33% 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 | — | — | — | — |
Month by month
The fund's clearest edge over the S&P 500 lands in May (+1.2 pts); it has trailed the market most in April (−3.7 pts).
“vs S&P” is JPMorgan International Growth ETF’s average for a month minus the S&P 500’s average for that same month — isolating JPMorgan International Growth ETF’s own seasonal edge from broad market drift.
Reality check
Over the last 5 years, July has closed higher 80% of the time versus 83% across the last 6 years — the pattern is holding.
Figures are the typical (median) July return and how often it rose — the last 5 years versus the last 6(the heatmap’s default window). This verdict stays anchored to that 6-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 July is the anchor — it has closed higher in 5 of 6 Julys, the steadiest beat on its year.
A typical July brings +1.1%, a shade under the +2.3% average. Few months are steadier: July's returns vary by just 3.3% year to year, and even its worst July in 6 years lost only 1.6% — the gentlest downside anywhere on its calendar. Set against the S&P 500, mind, July is close to a wash — the gain mirrors the market more than it beats it. Few peers keep such company in July — the typical stock clears it just 61% of the time.
July anchors a run, too: the March-through-August window has been the fund's reliable season. The weaker half of the year is plainer: September has been the soft spot — the weakest of 3 months that average a loss (−2.3%), and the edge isn't year-round — the fund has trailed the S&P 500 in April, September, and February. Its roughest month on record was a −11.6% January in 2022 — a reminder of how hard even a seasonal name can fall.
One run worth flagging just ended: a 5-year streak of positive Julys was snapped by a −1.6% close in 2025. Reassuringly, the tendency has held its shape: the recent five years still track the years behind them.
For a fund this dependable in July, the sharper question is the rest of the year — outside its strong stretch, the calendar gives far less to lean on. With a short 6-year record, the signal is best held loosely.
Short answers on the fund's best month (July), its worst (September), and whether it really trades seasonally.
Yes, to a moderate degree. Since 2020 its best month (July, +2.3%) has run well ahead of its worst (September, −2.3%) — the heatmap above shows how steady that gap has been year to year.
July has been the strongest, averaging +2.3% and closing higher in 5 of 6 years since 2020.
It's the weakest, averaging −2.3% — 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