Where the seven-year windows landed: SPY windows by return band, dividends counted
Answered against 22 years of US equities and 12 years of US options data and published with the query that produced it. This result is stored as of 2026-09-17, from The 7-5-3-1 Rule in Mutual Funds, Tested.
| bucket | window_count | share_pct |
|---|---|---|
| Below 0% | 0 | 0 |
| 0% to 25% | 17 | 8.8 |
| 25% to 50% | 34 | 17.6 |
| 50% to 100% | 13 | 6.7 |
| Above 100% | 129 | 66.8 |
- Rows × columns
- 5 × 3
- Computed
- Completeness
- No missing values
- Source
- US exchange, SIP and OPRA market data
- Licence
- Strasmore terms · free, no signup
What each column holds
| Column | Type | Range | Notes |
|---|---|---|---|
bucket |
text | 5 distinct values (0% to 25%, 25% to 50%, 50% to 100%…) | |
window_count |
number | 0 to 129 | count |
share_pct |
number | 0 to 66.8 | percent |
Computed from Strasmore's warehouse of US exchange, SIP and OPRA market data. Equity prices are delayed; options greeks and implied volatility are end-of-day. This result is stored, not recomputed on load — it is exactly the numbers that were returned on , and the query below is what returned them.
Run it yourself
This is the exact query behind the result above. Change a ticker, a date or a column and run it against the warehouse — no account, no key. The no-signup tier is smaller than the one this page was computed on; a query that reaches past it comes back saying which plan runs it.
WITH
monthly AS
(
SELECT
toStartOfMonth(date) AS month_start,
toDate(min(date)) AS first_session,
argMin(toFloat64(close), date) AS first_close
FROM global_markets.stocks_daily_aggs
WHERE ticker = 'SPY'
GROUP BY month_start
),
divs AS
(
SELECT
toStartOfMonth(ex_dividend_date) AS month_start,
sum(cash) AS month_cash
FROM
(
SELECT
ex_dividend_date,
max(toFloat64(cash_amount)) AS cash
FROM global_markets.stocks_dividends
WHERE ticker = 'SPY'
GROUP BY ex_dividend_date
)
GROUP BY month_start
),
grid AS
(
SELECT
m.month_start AS month_start,
m.first_session AS first_session,
m.first_close AS first_close,
addMonths(m.month_start, 84) AS end_month,
sum(ifNull(d.month_cash, 0)) OVER (ORDER BY m.month_start ROWS BETWEEN UNBOUNDED PRECEDING AND 1 PRECEDING) AS cash_before
FROM monthly AS m
LEFT JOIN divs AS d ON d.month_start = m.month_start
),
windows AS
(
SELECT
((e.first_close + e.cash_before - s.cash_before) / s.first_close - 1) * 100 AS ret
FROM grid AS s
INNER JOIN grid AS e ON e.month_start = s.end_month
),
stats AS
(
SELECT
count() AS total,
countIf(ret < 0) AS below_zero,
countIf(ret >= 0 AND ret < 25) AS to_25,
countIf(ret >= 25 AND ret < 50) AS to_50,
countIf(ret >= 50 AND ret < 100) AS to_100,
countIf(ret >= 100) AS above_100
FROM windows
)
SELECT
tupleElement(band, 1) AS bucket,
tupleElement(band, 2) AS window_count,
tupleElement(band, 3) AS share_pct
FROM stats
ARRAY JOIN
[
('Below 0%', below_zero, round(below_zero / total * 100, 1)),
('0% to 25%', to_25, round(to_25 / total * 100, 1)),
('25% to 50%', to_50, round(to_50 / total * 100, 1)),
('50% to 100%', to_100, round(to_100 / total * 100, 1)),
('Above 100%', above_100, round(above_100 / total * 100, 1))
] AS band
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