Historical month-by-month and year-by-year returns
Based on 24 calendar years of monthly closes, starting 2003.
| Month | Average | Median | % Positive | Best | Worst |
|---|---|---|---|---|---|
| January | +2.6% | +1.1% | 58% | +23.9% | −19.9% |
| February | −2.8% | −2.8% | 33% | +30.5% | −21.7% |
| March | +6.7% | +7.1% | 88% | +30.8% | −13.4% |
| April | +1.0% | −0.5% | 46% | +30.1% | −19.4% |
| May | +0.2% | −1.5% | 38% | +29.3% | −15.6% |
| June | +2.8% | +1.9% | 63% | +26.3% | −15.1% |
| July | −1.3% | −3.6% | 29% | +25.1% | −15.0% |
| August | +1.4% | +2.1% | 61% | +35.3% | −18.6% |
| September | −0.4% | −0.2% | 43% | +32.9% | −22.1% |
| October | +4.5% | +4.9% | 52% | +39.1% | −13.4% |
| November | +2.6% | +1.2% | 65% | +29.2% | −15.5% |
| December | +3.8% | +2.9% | 57% | +33.3% | −38.5% |
| Year | Return |
|---|---|
| 2025 | +171.1% |
| 2024 | +29.5% |
| 2023 | −1.8% |
| 2022 | −13.8% |
| 2021 | −10.8% |
| 2020 | +22.3% |
| 2019 | +3.4% |
| 2018 | −26.4% |
| 2017 | +88.0% |
| 2016 | +0.2% |
| 2015 | −10.8% |
| 2014 | +31.8% |
| 2013 | −6.7% |
| 2012 | +3.7% |
| 2011 | −19.0% |
| 2010 | +64.2% |
| 2009 | +8.1% |
| 2008 | −42.2% |
| 2007 | +20.2% |
| 2006 | +3.3% |
| 2005 | +218.1% |
| 2004 | +134.0% |
| 2003 | −38.9% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.