The takeaway
Virtus InfraCap U.S. Preferred Stock shows a moderate seasonal pattern over 8 years of data — strongest in July (+2.9%) and softest in October (−1.3%).
Right now
In July, the fund has risen 100% of years, averaging +2.9%, about +0.8 pts better than the S&P 500.
The full picture
Virtus InfraCap U.S. Preferred Stock's most dependable month has been July, higher in 8 of 8 years; October has been its least reliable, up just 25% of the time.
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| 2018 | — | — | — | — |
Month by month
The fund's clearest edge over the S&P 500 lands in April (+5.4 pts); it has trailed the market most in March (−7.2 pts).
“vs S&P” is Virtus InfraCap U.S. Preferred Stock’s average for a month minus the S&P 500’s average for that same month — isolating Virtus InfraCap U.S. Preferred Stock’s own seasonal edge from broad market drift.
Reality check
Over the last 5 years, July has closed higher 100% of the time versus 100% across the last 8 years — the pattern is holding.
Figures are the typical (median) July 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
Strip the year back and a single month does the heavy lifting: July, up in all 8 Julys while the other eleven tend to blur together.
Its average (+2.9%) and median (+2.5%) land within a hair of each other — the tell of steady, year-after-year gains rather than one outlier doing the work. It is also the calendar's calmest month, its returns swinging least from year to year (a 1.8% spread), and even its worst July in 8 years lost only 0.5% — the gentlest downside anywhere on its calendar. Crucially, the gain is the fund's own rather than a rising tide's: July has cleared the S&P 500 by +0.8 points above the index. That consistency sets it apart from the field, where the average stock manages July only about 61% of the time.
The strength clusters rather than stands alone — May–August forms a firm stretch that carries much of the year. At the other end of the calendar, October has been the soft spot — the weakest of 4 months that average a loss (−1.3%), and the edge isn't year-round — the fund has trailed the S&P 500 in March, October, and September. Its roughest month on record was a −48.1% March in 2020 — a reminder of how hard even a seasonal name can fall.
July has now closed higher 8 years running. Reassuringly, the tendency has held its shape: the recent five years still track the years behind them.
The takeaway is less about when to buy than what to expect: July aside, the fund's months offer little reliable tilt. With a short 8-year record, the signal is best held loosely.
Short answers on the fund's best month (July), its worst (October), and whether it really trades seasonally.
Yes, to a moderate degree. Since 2018 its best month (July, +2.9%) has run well ahead of its worst (October, −1.3%) — the heatmap above shows how steady that gap has been year to year.
July has been the strongest, averaging +2.9% and closing higher in all 8 years on record since 2018.
It's the weakest, averaging −1.3% — 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