Historical month-by-month and year-by-year returns
Based on 22 calendar years of monthly closes, starting 2005.
| Month | Average | Median | % Positive | Best | Worst |
|---|---|---|---|---|---|
| January | +4.5% | +3.0% | 62% | +60.9% | −11.3% |
| February | +2.7% | +5.0% | 62% | +34.7% | −17.3% |
| March | −1.4% | −0.6% | 48% | +22.6% | −41.4% |
| April | +12.1% | +1.1% | 52% | +170.5% | −19.5% |
| May | +7.8% | 0.0% | 48% | +100.1% | −30.8% |
| June | −0.3% | −4.1% | 38% | +56.5% | −21.5% |
| July | −1.7% | −0.4% | 45% | +15.6% | −31.0% |
| August | +0.3% | −3.3% | 43% | +32.5% | −31.8% |
| September | −1.6% | −1.5% | 43% | +22.0% | −27.7% |
| October | +4.6% | +3.2% | 57% | +41.1% | −22.0% |
| November | +4.8% | +2.4% | 57% | +47.5% | −12.3% |
| December | +3.5% | +2.0% | 52% | +42.8% | −23.7% |
| Year | Return |
|---|---|
| 2025 | +21.5% |
| 2024 | +5.0% |
| 2023 | +9.8% |
| 2022 | +12.7% |
| 2021 | −52.5% |
| 2020 | +100.3% |
| 2019 | −20.9% |
| 2018 | −29.2% |
| 2017 | +221.4% |
| 2016 | −6.1% |
| 2015 | +183.7% |
| 2014 | −4.5% |
| 2013 | −10.2% |
| 2012 | +17.8% |
| 2011 | +4.6% |
| 2010 | +125.1% |
| 2009 | +42.4% |
| 2008 | +348.9% |
| 2007 | −39.3% |
| 2006 | −46.8% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.