Seasonality
HQY seasonality — HealthEquity
Over the last 11 years, HQY's strongest month on average has been January (+7.8%) and its weakest December (-7.8%).
Average return by month
Month-by-month statistics
| Month | Avg | Median | Up % | Best | Worst | Yrs |
|---|---|---|---|---|---|---|
| Jan | +7.83% | +11.24% | 70% | +20.8% | -10.8% | 10 |
| Feb | +4.90% | +3.80% | 60% | +29.1% | -10.7% | 10 |
| Mar | -4.77% | -5.47% | 30% | +25.6% | -28.7% | 10 |
| Apr | +0.55% | -2.42% | 40% | +11.7% | -9.0% | 10 |
| May | +6.09% | +5.39% | 90% | +17.4% | -3.5% | 10 |
| Jun | +2.70% | +1.86% | 70% | +15.2% | -5.3% | 10 |
| Jul | -0.49% | -6.33% | 40% | +25.4% | -12.1% | 10 |
| Aug | -0.89% | -2.31% | 40% | +24.8% | -27.6% | 10 |
| Sep | +1.54% | +1.28% | 70% | +18.3% | -10.6% | 10 |
| Oct | +3.22% | +0.02% | 50% | +16.0% | -2.8% | 10 |
| Nov | +4.20% | +3.29% | 56% | +39.2% | -18.5% | 9 |
| Dec | -7.83% | -7.26% | 10% | +17.8% | -32.7% | 10 |
Monthly returns heat map — HQY
price return, %| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -6.5 | -10.7 | 9.3 | -1.8 | 7.3 | 2.6 | 11.4 | -4.0 | -8.4 | 15.8 | 1.1 | +13.1% | |
| 2025 | 15.1 | -0.6 | -19.5 | -3.0 | 17.4 | 4.1 | -7.4 | -7.9 | 6.1 | -0.2 | 11.2 | -12.9 | -4.5% |
| 2024 | 14.0 | 9.3 | -1.2 | -3.3 | 3.5 | 5.5 | -9.0 | 1.4 | 2.9 | 4.2 | 19.1 | -5.5 | +44.7% |
| 2023 | -1.3 | 7.1 | -9.9 | -9.0 | 2.5 | 15.2 | 7.6 | -0.6 | 8.1 | -1.9 | -6.5 | -1.1 | +7.6% |
| 2022 | 20.8 | 0.5 | 25.6 | -7.6 | 0.4 | -1.9 | -5.2 | 13.6 | 1.6 | 16.0 | -18.5 | -2.9 | +39.3% |
| 2021 | 19.9 | -1.4 | -17.4 | 11.7 | 9.4 | -3.2 | -8.1 | -13.3 | 0.9 | 2.2 | -17.4 | -19.1 | -36.5% |
| 2020 | -10.8 | 7.5 | -28.7 | 11.2 | 10.1 | -5.3 | -12.1 | 11.5 | -10.6 | 0.2 | 39.2 | -2.8 | -5.9% |
| 2019 | 4.5 | 29.1 | -8.1 | -8.4 | -3.5 | 0.1 | 25.4 | -27.6 | -3.7 | -0.6 | 10.7 | 17.8 | +24.2% |
| 2018 | 8.5 | 13.8 | 5.1 | 8.5 | 13.2 | 1.1 | 0.5 | 24.8 | 0.2 | -2.8 | -3.4 | -32.7 | +27.8% |
| 2017 | 14.1 | -5.5 | -2.9 | 7.2 | 0.6 | 8.8 | -8.0 | -6.8 | 18.3 | -0.7 | 3.3 | -10.0 | +15.2% |
| 2016 | -9.0 |