Scottish Mortgage Investment Trust (SMT-L)
FTSE 100 · Collective investments · data since 1968-12-31 · last close 2026-07-24
1d
+0.23%
7d
-3.16%
30d
-6.40%
YTD
+10.96%
1y
+22.82%
Scottish Mortgage Investment Trust (SMT-L) monthly returns (%)
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.9 | -1.4 | -3.8 | 18.4 | 7.9 | -3.4 | -10.5 | · | · | · | · | · |
| 2025 | 13.7 | -4.0 | -9.5 | -4.6 | 9.4 | 5.0 | 6.2 | 0.0 | 3.6 | 3.0 | -9.1 | 11.4 |
| 2024 | -4.2 | 3.5 | 11.6 | -5.8 | 4.2 | 0.7 | -2.2 | -4.2 | 1.1 | 3.6 | 8.7 | 1.3 |
| 2023 | 3.6 | -4.8 | -4.9 | -7.3 | 5.9 | 0.1 | 10.4 | -6.8 | -2.3 | -4.1 | 12.8 | 11.5 |
| 2022 | -19.3 | -6.4 | 1.6 | -10.9 | -11.8 | -11.3 | 20.5 | -6.5 | -2.9 | -6.8 | 5.5 | -6.1 |
| 2021 | 3.5 | -9.6 | 0.2 | 10.7 | -5.1 | 11.4 | -1.1 | 4.0 | 4.3 | 5.2 | -0.8 | -10.2 |
| 2020 | 0.3 | -3.4 | 2.2 | 15.8 | 9.6 | 12.6 | 6.0 | 10.6 | 3.1 | 0.3 | 10.2 | 10.8 |
| 2019 | 3.6 | 2.1 | 3.7 | 2.7 | -4.3 | 5.4 | 6.1 | -7.6 | -3.2 | 0.4 | 4.7 | 9.4 |
| 2018 | 1.3 | 0.9 | -3.6 | 7.3 | 7.5 | 3.9 | 0.8 | 4.7 | -3.3 | -11.0 | 2.8 | -5.7 |
| 2017 | 6.0 | 2.9 | 4.7 | 2.4 | 5.9 | 0.7 | 1.4 | 6.9 | -2.5 | 5.1 | 1.6 | -0.4 |
| 2016 | -9.7 | -0.9 | 5.5 | -2.1 | 2.1 | 3.3 | 10.0 | 3.9 | 5.6 | 3.5 | -6.5 | 1.5 |
| 2015 | 0.2 | 4.0 | 3.5 | -0.6 | 2.8 | -4.3 | 3.8 | -8.4 | -2.9 | 5.9 | 7.0 | 1.6 |
| 2014 | -0.2 | 6.2 | -4.8 | -8.5 | 8.4 | 1.4 | 1.1 | 7.1 | 2.9 | 4.1 | 5.7 | -3.6 |
| 2013 | 8.5 | 2.6 | -1.7 | -2.7 | 8.6 | -4.9 | 8.7 | -2.0 | 5.7 | 8.0 | 0.5 | 2.5 |
| 2012 | 11.8 | 5.7 | 1.6 | -2.3 | -7.4 | 3.5 | 0.5 | 1.6 | 3.0 | 1.4 | 3.3 | 3.0 |
| 2011 | -0.4 | 2.1 | 3.1 | 2.0 | -2.4 | 2.9 | -3.8 | -4.6 | -10.7 | 5.6 | -5.0 | -5.6 |
| 2010 | -7.4 | 5.0 | 16.2 | 0.8 | -6.8 | -2.7 | 6.3 | -3.3 | 11.9 | 3.1 | -0.5 | 7.8 |
| 2009 | -8.2 | -11.9 | 21.0 | 16.6 | 2.0 | -6.3 | 12.2 | 8.0 | 5.2 | -2.8 | 2.8 | 7.5 |
| 2008 | -11.0 | 1.7 | -1.3 | 8.8 | 4.9 | -9.0 | -6.4 | 1.9 | -22.7 | -28.1 | -3.3 | 13.2 |
| 2007 | 0.7 | -0.7 | 3.2 | 5.7 | 2.6 | 1.6 | 0.3 | -2.2 | 10.6 | 2.7 | -2.9 | 4.0 |
| 2006 | 5.2 | 1.4 | 2.8 | -0.7 | -10.4 | 2.9 | -0.9 | 1.1 | 2.9 | 4.1 | 0.5 | 2.0 |
| 2005 | 1.7 | 1.9 | -2.7 | -2.9 | 7.8 | 5.1 | 6.5 | 1.4 | 8.3 | -5.1 | 9.7 | 6.7 |
| 2004 | -1.9 | 2.3 | -1.1 | 1.9 | -4.9 | 1.9 | -4.7 | 3.2 | 4.0 | 1.3 | 3.0 | 2.8 |
| 2003 | -8.5 | 2.8 | 1.2 | 10.4 | 2.9 | 0.9 | 3.7 | 2.7 | -4.3 | 8.7 | 1.9 | 1.3 |
| 2002 | 0.7 | -1.1 | 3.6 | -0.6 | -2.4 | -10.0 | -12.6 | 1.6 | -12.8 | 6.6 | 2.5 | -7.2 |
| 2001 | 4.5 | -6.1 | -8.9 | 9.7 | -2.7 | -5.1 | -4.5 | -4.7 | -10.9 | 4.0 | 6.8 | 1.0 |
| 2000 | -7.4 | 7.6 | 2.9 | -7.1 | -2.1 | 3.6 | -2.0 | 6.7 | -7.3 | -1.0 | -3.9 | -1.5 |
| 1999 | -0.3 | 7.3 | -2.3 | 9.2 | -5.6 | 4.1 | 0.7 | 1.4 | -5.3 | 4.0 | 13.5 | 4.7 |
| 1998 | 5.2 | 6.2 | 4.8 | -1.3 | 5.2 | -7.0 | 1.5 | -17.7 | -7.1 | 17.6 | 2.1 | 4.2 |
| 1997 | 3.6 | 1.4 | -1.0 | 1.4 | 6.5 | 0.7 | 5.5 | -2.3 | 6.9 | -8.9 | -0.4 | 3.9 |
| 1996 | 4.1 | 0.4 | 1.0 | 1.6 | -2.2 | -1.7 | 0.0 | 3.0 | 2.8 | -0.8 | 0.6 | 0.7 |
| 1995 | -5.5 | 1.4 | 2.9 | 3.7 | 4.5 | -0.4 | 3.9 | 0.4 | 0.8 | -1.2 | 2.5 | 2.4 |
| 1994 | 2.6 | -6.6 | -9.5 | 4.8 | -3.7 | -4.1 | 8.8 | 5.0 | -8.3 | 0.5 | 0.0 | -1.4 |
| 1993 | 1.9 | 3.2 | -3.4 | 2.2 | 2.4 | -0.3 | 4.4 | 10.2 | -5.0 | 9.0 | -4.3 | 14.8 |
| 1992 | 0.7 | 3.1 | -4.4 | 12.7 | 1.3 | -8.1 | -6.1 | -1.4 | 10.9 | 10.8 | 4.5 | 2.8 |
| 1991 | -0.8 | 18.3 | 3.9 | 1.0 | -0.7 | -1.0 | 3.7 | 3.0 | -0.3 | -4.5 | -6.3 | 1.8 |
| 1990 | -7.8 | -5.2 | -0.4 | 1.9 | 7.3 | 5.3 | -3.0 | -9.8 | -12.7 | 6.6 | 1.7 | -0.8 |
| 1989 | 17.4 | -0.8 | 1.7 | 4.2 | 1.6 | 0.8 | 6.3 | 5.9 | -2.8 | -7.9 | 9.4 | 5.4 |
| 1988 | 8.9 | 2.0 | -1.0 | 1.0 | -4.0 | 7.3 | -1.9 | -5.9 | 4.2 | 5.1 | -3.9 | 0.5 |
| 1987 | 5.2 | 3.8 | 1.8 | -3.0 | 3.1 | 7.6 | 3.6 | -0.7 | 2.1 | -31.0 | -12.0 | 2.3 |
| 1986 | 3.7 | 6.0 | 12.4 | 3.0 | -4.8 | 7.1 | -3.2 | 7.9 | -5.1 | 5.2 | 2.2 | 3.2 |
| 1985 | 6.1 | 5.2 | -4.7 | -2.1 | 2.7 | -7.5 | -0.8 | 4.0 | -6.0 | 10.2 | 4.5 | 2.0 |
| 1984 | 5.5 | -3.9 | 5.8 | 1.0 | -14.4 | 4.5 | 0.0 | 12.1 | 5.7 | 3.9 | 1.7 | 2.6 |
| 1983 | 12.5 | 0.0 | 6.7 | -0.4 | 2.9 | 4.9 | -1.6 | 3.1 | -4.6 | 2.0 | 4.3 | 8.7 |
| 1982 | 8.8 | -5.4 | -3.2 | 1.3 | 3.2 | -3.8 | 5.2 | 4.9 | 2.9 | 5.7 | 5.4 | 2.6 |
| 1981 | -3.5 | 7.3 | 4.7 | 5.2 | -6.1 | 11.1 | -2.9 | 9.7 | -21.3 | 1.8 | 7.2 | -1.3 |
| 1980 | 13.3 | 1.8 | -10.6 | 4.0 | 0.0 | 11.4 | 6.8 | 5.6 | 0.8 | 9.8 | 0.0 | -2.0 |
| 1979 | 0.0 | 0.0 | 0.0 | 13.6 | -9.6 | 0.0 | -10.6 | 5.0 | 0.0 | -5.6 | -2.0 | 0.0 |
| 1978 | -7.3 | -4.9 | 6.2 | 0.0 | 4.9 | 3.7 | 8.0 | 0.8 | 0.0 | -13.9 | 4.8 | 0.0 |
| 1977 | -2.0 | -3.1 | 5.3 | 0.0 | -7.0 | 4.3 | 0.0 | -4.1 | 21.5 | 0.0 | -2.6 | 0.0 |
| 1976 | 0.0 | 0.0 | -6.2 | 7.7 | -8.2 | 0.0 | 0.0 | -5.6 | -1.2 | 0.0 | -7.1 | 28.2 |
| 1975 | 61.4 | 12.7 | -2.5 | 24.4 | 0.0 | -5.2 | -4.3 | 0.0 | 2.3 | 5.6 | 0.0 | 2.1 |
| 1974 | -3.6 | 0.0 | 0.0 | -10.0 | -6.9 | 0.0 | -9.0 | 0.0 | -21.3 | 0.0 | 0.0 | -8.3 |
| 1973 | -8.0 | -7.0 | 0.0 | -6.5 | -2.0 | 0.0 | 1.0 | -4.0 | 0.0 | 5.3 | -15.0 | -2.4 |
| 1972 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | -8.0 | 1.7 | 16.2 | -8.1 |
| 1971 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 29.8 |
| 1970 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| 1969 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | -20.6 |
| 1968 | · | · | · | · | · | · | · | · | · | · | · | 0.0 |
| Avg | 2.0 | 0.8 | 0.9 | 2.4 | 0.0 | 0.8 | 1.2 | 0.8 | -1.1 | 0.9 | 1.5 | 2.4 |
Values in %. Current and first-listed months are partial (greyed).
returnsview.com
Seasonality — average by calendar month
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Avg | +2.0% | +0.8% | +0.9% | +2.4% | +0.1% | +0.8% | +1.4% | +0.8% | -1.1% | +0.8% | +1.5% | +2.4% |
| Win rate | 55%/58 | 53%/58 | 50%/58 | 57%/58 | 52%/58 | 53%/58 | 53%/57 | 54%/57 | 44%/57 | 67%/57 | 61%/57 | 64%/58 |
Win rate = share of positive months / sample size.
Risk & extremes
Max drawdown
-67.6%
Worst peak-to-trough fall on record
Monthly volatility
±6.9%
Std. dev. of monthly returns
Positive months
55%
Share of completed months in the green
Best month
+61.36%
1975-01
Worst month
-31.03%
1987-10
Longest streaks
11▲ / 36▼
Consecutive up / down months
Drawdown & rolling returns
Percent below the all-time high at each month-end — how far underwater the asset was.
About Scottish Mortgage Investment Trust
Scottish Mortgage Investment Trust shows up, compounds, repeats — with price receipts on this site going back to 1968. And the long game: $100 at its first close here (1968) would be about $30,658 today.
Did you know?
- Its best month on record was January 1975 at +61.36%; its worst, October 1987 at -31.03%.
Trivia for entertainment — the numbers come from our price data; the jokes don't.