The takeaway
Global X Russell 2000 Covered Call shows a moderate seasonal pattern over 7 years of data — strongest in November (+2.4%) and softest in March (−3.9%).
Right now
In July, the fund has risen 71% of years, averaging +2.0% — essentially in line with the S&P 500.
The full picture
Global X Russell 2000 Covered Call's most dependable month has been November, higher in 6 of 7 years; March has been its least reliable, up just 50% of the time.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
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| 2019 | — | — | — |
Month by month
The fund's clearest edge over the S&P 500 lands in June (+1.6 pts); it has trailed the market most in March (−4.9 pts).
“vs S&P” is Global X Russell 2000 Covered Call’s average for a month minus the S&P 500’s average for that same month — isolating Global X Russell 2000 Covered Call’s own seasonal edge from broad market drift.
Reality check
Over the last 5 years, November has closed higher 80% of the time versus 86% across the last 7 years — the pattern is holding.
Figures are the typical (median) November return and how often it rose — the last 5 years versus the last 7(the heatmap’s default window). This verdict stays anchored to that 7-year window even if you zoom the chart, so it never disagrees with the badges above.
In plain English
Dependability is the through-line here. November stands out, higher in 6 of 7 Novembers, but it heads a clutch of months that pull the year reliably upward.
Its average (+2.4%) and median (+1.4%) land within a hair of each other — the tell of steady, year-after-year gains rather than one outlier doing the work. Set against the S&P 500, mind, November is close to a wash — the gain mirrors the market more than it beats it. That consistency sets it apart from the field, where the average stock manages November only about 62% of the time.
The strength clusters rather than stands alone — October–December forms a firm stretch that carries much of the year. At the other end of the calendar, March has been the soft spot — the weakest of 3 months that average a loss (−3.9%), and the edge isn't year-round — the fund has trailed the S&P 500 in March and April. Its roughest month on record was a −25.7% March in 2020 — a reminder of how hard even a seasonal name can fall.
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: November aside, the fund's months offer little reliable tilt. With a short 7-year record, the signal is best held loosely.
Short answers on the fund's best month (November), its worst (March), and whether it really trades seasonally.
Yes, to a moderate degree. Since 2019 its best month (November, +2.4%) has run well ahead of its worst (March, −3.9%) — the heatmap above shows how steady that gap has been year to year.
November has been the strongest, averaging +2.4% and closing higher in 6 of 7 years since 2019.
It's the weakest, averaging −3.9% — 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