Seasonality
NTRS seasonality — Northern Trust
Over the last 11 years, NTRS's strongest month on average has been November (+8.2%) and its weakest September (-3.5%).
Average return by month
Month-by-month statistics
| Month | Avg | Median | Up % | Best | Worst | Yrs |
|---|---|---|---|---|---|---|
| Jan | +1.28% | +1.51% | 50% | +9.6% | -7.9% | 10 |
| Feb | +0.04% | -0.65% | 50% | +6.7% | -10.3% | 10 |
| Mar | -1.99% | -2.52% | 30% | +10.5% | -14.0% | 10 |
| Apr | +1.39% | +3.73% | 60% | +19.2% | -11.5% | 10 |
| May | +0.20% | -0.36% | 40% | +13.6% | -13.2% | 10 |
| Jun | +2.56% | +1.75% | 70% | +18.8% | -13.7% | 10 |
| Jul | +2.58% | +4.11% | 70% | +8.9% | -10.0% | 10 |
| Aug | -0.52% | +1.06% | 60% | +5.0% | -10.3% | 10 |
| Sep | -3.50% | -4.87% | 30% | +6.1% | -10.0% | 10 |
| Oct | +1.57% | +0.13% | 50% | +14.1% | -7.9% | 10 |
| Nov | +8.21% | +7.58% | 89% | +20.2% | -6.0% | 9 |
| Dec | -0.50% | +1.09% | 60% | +8.4% | -15.8% | 10 |
Monthly returns heat map — NTRS
price return, %| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 9.4 | -4.2 | -2.5 | 19.2 | -0.5 | 5.1 | 4.8 | 1.9 | -8.7 | -0.1 | 2.1 | +26.5% | |
| 2025 | 9.6 | -1.8 | -10.5 | -4.7 | 13.6 | 18.8 | 2.5 | 1.0 | 2.5 | -4.4 | 2.1 | 4.0 | +33.3% |
| 2024 | -5.6 | 3.1 | 8.3 | -7.3 | 2.2 | -0.3 | 5.6 | 2.9 | -1.3 | 11.7 | 10.6 | -7.8 | +21.5% |
| 2023 | 9.6 | -1.8 | -7.5 | -11.3 | -8.0 | 3.1 | 8.1 | -5.0 | -8.7 | -5.1 | 20.2 | 6.5 | -4.6% |
| 2022 | -2.5 | -2.4 | 2.2 | -11.5 | 8.4 | -13.7 | 3.4 | -4.7 | -10.0 | -1.4 | 10.4 | -5.0 | -26.0% |
| 2021 | -4.2 | 6.7 | 10.5 | 8.3 | 6.5 | -4.6 | -2.4 | 5.0 | -9.0 | 14.1 | -6.0 | 3.4 | +28.4% |
| 2020 | -7.9 | -10.3 | -14.0 | 4.9 | -0.2 | 0.4 | -1.2 | 4.5 | -4.8 | 0.4 | 19.0 | 0.0 | -12.3% |
| 2019 | 5.8 | 5.4 | -3.0 | 9.0 | -13.2 | 5.2 | 8.9 | -10.3 | 6.1 | 6.8 | 7.6 | -0.9 | +27.1% |
| 2018 | 5.5 | 0.5 | -2.6 | 3.5 | -4.0 | 0.4 | 6.2 | -1.6 | -5.0 | -7.9 | 5.5 | -15.8 | -16.3% |
| 2017 | -6.8 | 5.3 | -0.9 | 4.0 | -2.8 | 11.2 | -10.0 | 1.1 | 3.9 | 1.7 | 4.6 | 2.2 | +12.2% |
| 2016 | 8.4 |