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 | +4.3% | +1.8% | 58% | +47.0% | −8.3% |
| February | +1.2% | +1.3% | 54% | +27.7% | −27.5% |
| March | +3.0% | +1.3% | 54% | +33.4% | −15.2% |
| April | +3.8% | −3.5% | 40% | +107.9% | −14.8% |
| May | −4.7% | −3.9% | 40% | +22.8% | −30.7% |
| June | −3.5% | −2.6% | 40% | +11.9% | −20.1% |
| July | +3.3% | −0.7% | 48% | +26.2% | −17.2% |
| August | −1.1% | +0.4% | 50% | +20.4% | −25.7% |
| September | +0.3% | −0.7% | 42% | +15.9% | −14.2% |
| October | +2.6% | +0.4% | 63% | +31.1% | −16.3% |
| November | +4.4% | +0.4% | 50% | +57.9% | −14.8% |
| December | +0.7% | −1.4% | 46% | +15.7% | −10.4% |
| Year | Return |
|---|---|
| 2025 | +17.7% |
| 2024 | −9.9% |
| 2023 | −6.6% |
| 2022 | −21.5% |
| 2021 | −16.7% |
| 2020 | +132.2% |
| 2019 | −1.1% |
| 2018 | −35.0% |
| 2017 | +85.0% |
| 2016 | −4.3% |
| 2015 | −4.8% |
| 2014 | −8.0% |
| 2013 | −8.3% |
| 2012 | −12.8% |
| 2011 | −28.0% |
| 2010 | +7.3% |
| 2009 | +51.2% |
| 2008 | −19.9% |
| 2007 | +72.4% |
| 2006 | −37.6% |
| 2005 | +18.4% |
| 2004 | +12.6% |
| 2003 | +58.7% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.