Historical month-by-month and year-by-year returns
Based on 25 calendar years of monthly closes, starting 2002.
| Month | Average | Median | % Positive | Best | Worst |
|---|---|---|---|---|---|
| January | +1.2% | +1.1% | 54% | +21.0% | −11.8% |
| February | +2.6% | +1.3% | 58% | +15.0% | −20.8% |
| March | +4.9% | +3.0% | 58% | +70.3% | −15.9% |
| April | +2.5% | +1.8% | 58% | +28.0% | −14.4% |
| May | +2.6% | +0.7% | 50% | +40.0% | −16.7% |
| June | +5.1% | +2.5% | 63% | +47.5% | −17.5% |
| July | −0.9% | −1.9% | 46% | +19.0% | −15.0% |
| August | +3.4% | +2.1% | 57% | +25.4% | −19.4% |
| September | +0.1% | −1.6% | 43% | +35.0% | −20.0% |
| October | +3.0% | +0.8% | 54% | +40.6% | −10.5% |
| November | +0.8% | +1.0% | 54% | +15.8% | −14.9% |
| December | +1.6% | +2.0% | 58% | +17.3% | −18.1% |
| Year | Return |
|---|---|
| 2025 | +27.0% |
| 2024 | +8.0% |
| 2023 | −3.1% |
| 2022 | −33.2% |
| 2021 | −9.6% |
| 2020 | +91.1% |
| 2019 | +32.0% |
| 2018 | −25.3% |
| 2017 | +20.1% |
| 2016 | +20.7% |
| 2015 | −12.3% |
| 2014 | +6.1% |
| 2013 | +128.5% |
| 2012 | +13.7% |
| 2011 | +6.0% |
| 2010 | +15.6% |
| 2009 | +24.0% |
| 2008 | −30.3% |
| 2007 | +61.7% |
| 2006 | +30.9% |
| 2005 | +228.6% |
| 2004 | +25.5% |
| 2003 | +167.5% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.