Historical month-by-month and year-by-year returns
Based on 31 calendar years of monthly closes, starting 1996.
| Month | Average | Median | % Positive | Best | Worst |
|---|---|---|---|---|---|
| January | +0.3% | +0.4% | 53% | +19.5% | −12.2% |
| February | +0.4% | +0.5% | 57% | +19.0% | −19.1% |
| March | +3.2% | +2.9% | 63% | +30.6% | −15.7% |
| April | +0.7% | +1.2% | 53% | +28.4% | −20.1% |
| May | +0.6% | −0.1% | 50% | +20.0% | −13.2% |
| June | +0.9% | +1.5% | 60% | +15.3% | −22.2% |
| July | −0.9% | −0.7% | 43% | +9.3% | −11.9% |
| August | −1.2% | +0.1% | 55% | +12.7% | −12.8% |
| September | −0.4% | −0.3% | 45% | +24.0% | −27.2% |
| October | +2.9% | +0.8% | 59% | +19.7% | −13.4% |
| November | +2.1% | +2.0% | 59% | +24.5% | −13.4% |
| December | +3.3% | +1.9% | 63% | +50.8% | −14.4% |
| Year | Return |
|---|---|
| 2025 | +107.5% |
| 2024 | +0.8% |
| 2023 | +3.0% |
| 2022 | −8.9% |
| 2021 | −10.5% |
| 2020 | +40.5% |
| 2019 | −3.9% |
| 2018 | −14.1% |
| 2017 | +24.1% |
| 2016 | +8.1% |
| 2015 | −1.9% |
| 2014 | +0.4% |
| 2013 | −1.1% |
| 2012 | +0.3% |
| 2011 | −5.5% |
| 2010 | +29.2% |
| 2009 | +37.9% |
| 2008 | −28.5% |
| 2007 | +19.4% |
| 2006 | −2.8% |
| 2005 | +50.1% |
| 2004 | +9.9% |
| 2003 | +43.4% |
| 2002 | −20.9% |
| 2001 | +21.1% |
| 2000 | −34.5% |
| 1999 | +65.2% |
| 1998 | +0.7% |
| 1997 | −17.3% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.