The takeaway
Invesco Multi-Strategy Alternative ETF shows a slight seasonal lean over 10 years of data — strongest in November (+0.9%) and softest in April (−0.4%).
Right now
In July, the fund has risen 40% of years, averaging +0.3%, roughly 1.8 pts behind the S&P 500.
The full picture
Invesco Multi-Strategy Alternative ETF's most dependable month has been November, higher in 6 of 10 years; April has been its least reliable, up just 10% of the time.
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Month by month
The fund's clearest edge over the S&P 500 lands in September (+0.6 pts); it has trailed the market most in April (−2.0 pts).
“vs S&P” is Invesco Multi-Strategy Alternative ETF’s average for a month minus the S&P 500’s average for that same month — isolating Invesco Multi-Strategy Alternative 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 60% across the last 10 years — the pattern is holding.
Figures are the typical (median) November 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
The year leans November's way without overwhelming the rest of it: the fund has closed higher in 6 of 10 Novembers, its most dependable month if not a dominant one.
Its average (+0.9%) and median (+0.5%) land within a hair of each other — the tell of steady, year-after-year gains rather than one outlier doing the work. Some of that is a strong month market-wide, mind — November rises for about 62% of stocks — so the tendency is real if not unique.
Only June comes anywhere near it for reliability. On the other side of the ledger, April is the year's quietest corner, essentially flat on average, and the edge isn't year-round — the fund has trailed the S&P 500 in April, July, and December.
Reassuringly, the tendency has held its shape: the recent five years still track the years behind them.
Treat it as a tendency rather than a rule — seasonality describes the past, not a promise.
Short answers on the fund's best month (November), its worst (April), and whether it really trades seasonally.
Only mildly. The fund's months are fairly even — November is the firmest (+0.9%) and April the softest (−0.4%), a narrow spread that points to weak seasonality rather than a strong calendar effect.
November has been the strongest, averaging +0.9% and closing higher in 6 of 10 years since 2016.
It's the weakest, averaging −0.4% — 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