Historical month-by-month and year-by-year returns
Based on 26 calendar years of monthly closes, starting 2001.
| Month | Average | Median | % Positive | Best | Worst |
|---|---|---|---|---|---|
| January | −0.2% | −1.7% | 44% | +29.6% | −37.9% |
| February | −3.9% | −2.2% | 40% | +37.0% | −61.4% |
| March | +6.0% | +2.3% | 56% | +72.6% | −47.5% |
| April | −1.9% | −4.6% | 32% | +35.3% | −27.9% |
| May | +2.8% | 0.0% | 48% | +46.7% | −28.6% |
| June | −4.2% | −8.1% | 28% | +70.9% | −48.4% |
| July | +3.0% | 0.0% | 44% | +43.8% | −29.1% |
| August | +0.7% | 0.0% | 44% | +59.1% | −63.8% |
| September | +7.7% | +3.9% | 52% | +140.0% | −30.5% |
| October | +0.2% | −5.5% | 40% | +56.4% | −43.7% |
| November | +0.6% | 0.0% | 48% | +101.5% | −34.5% |
| December | −2.6% | −2.1% | 40% | +31.3% | −28.3% |
| Year | Return |
|---|---|
| 2025 | −1.6% |
| 2024 | −0.4% |
| 2023 | +3.9% |
| 2022 | +76.8% |
| 2021 | +26.2% |
| 2020 | +31.6% |
| 2019 | −13.9% |
| 2018 | +83.4% |
| 2017 | +225.4% |
| 2016 | +6.4% |
| 2015 | +8.3% |
| 2014 | −5.2% |
| 2013 | −15.6% |
| 2012 | −34.8% |
| 2011 | +231.7% |
| 2010 | −8.9% |
| 2009 | +8.2% |
| 2008 | −56.6% |
| 2007 | −31.5% |
| 2006 | −83.1% |
| 2005 | −48.7% |
| 2004 | −51.3% |
| 2003 | −54.4% |
| 2002 | −84.8% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.