Seasonality
ICE seasonality — Intercontinental Exchange
Over the last 11 years, ICE's strongest month on average has been November (+5.6%) and its weakest September (-3.4%).
Average return by month
Month-by-month statistics
| Month | Avg | Median | Up % | Best | Worst | Yrs |
|---|---|---|---|---|---|---|
| Jan | +2.46% | +4.04% | 70% | +7.8% | -7.4% | 10 |
| Feb | -0.59% | -0.53% | 40% | +8.7% | -10.6% | 10 |
| Mar | -0.53% | -0.57% | 40% | +4.8% | -9.5% | 10 |
| Apr | +0.72% | +0.53% | 60% | +10.8% | -12.3% | 10 |
| May | -0.63% | -1.09% | 40% | +8.7% | -11.6% | 10 |
| Jun | +0.33% | +2.99% | 70% | +9.5% | -16.7% | 10 |
| Jul | +5.58% | +1.88% | 100% | +23.9% | +0.5% | 10 |
| Aug | +2.52% | +2.96% | 60% | +9.8% | -4.5% | 10 |
| Sep | -3.43% | -4.27% | 10% | +6.2% | -10.4% | 10 |
| Oct | +1.46% | -0.06% | 50% | +20.6% | -13.2% | 10 |
| Nov | +5.59% | +6.07% | 78% | +13.3% | -5.6% | 9 |
| Dec | +0.80% | +0.30% | 50% | +12.8% | -7.8% | 10 |
Monthly returns heat map — ICE
price return, %| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 7.3 | -5.5 | -4.2 | 0.5 | -6.5 | -16.7 | 23.9 | 5.4 | -5.4 | 11.1 | 2.0 | +6.4% | |
| 2025 | 7.3 | 8.4 | -0.4 | -2.6 | 7.0 | 2.0 | 0.7 | -4.5 | -4.6 | -13.2 | 7.5 | 3.0 | +8.7% |
| 2024 | -0.9 | 8.7 | -0.7 | -6.3 | 4.0 | 2.2 | 10.7 | 6.6 | -0.6 | -3.0 | 3.3 | -7.4 | +16.0% |
| 2023 | 4.8 | -5.3 | 2.5 | 4.5 | -2.7 | 6.7 | 1.5 | 2.8 | -6.8 | -2.4 | 6.0 | 12.8 | +25.2% |
| 2022 | -7.4 | 1.1 | 3.1 | -12.3 | -11.6 | -8.2 | 8.4 | -1.1 | -10.4 | 5.8 | 13.3 | -5.3 | -25.0% |
| 2021 | -4.3 | -0.0 | 1.2 | 5.4 | -4.1 | 5.2 | 0.9 | -0.2 | -3.9 | 20.6 | -5.6 | 4.6 | +18.6% |
| 2020 | 7.8 | -10.6 | -9.5 | 10.8 | 8.7 | -5.8 | 5.7 | 9.8 | -5.8 | -5.7 | 11.8 | 9.3 | +24.6% |
| 2019 | 1.9 | 0.5 | -1.3 | 6.8 | 1.1 | 4.5 | 2.2 | 6.4 | -1.3 | 2.2 | -0.2 | -1.7 | +22.9% |
| 2018 | 4.7 | -1.0 | -0.8 | -0.1 | -2.2 | 3.8 | 0.5 | 3.1 | -1.8 | 2.9 | 6.1 | -7.8 | +6.8% |
| 2017 | 3.4 | -2.1 | 4.8 | 0.6 | -0.0 | 9.5 | 1.2 | -3.1 | 6.2 | -3.8 | 8.1 | -1.2 | +25.1% |
| 2016 | 1.8 |