Historical month-by-month and year-by-year returns
Based on 12 calendar years of monthly closes, starting 2015.
| Month | Average | Median | % Positive | Best | Worst |
|---|---|---|---|---|---|
| January | +3.8% | −1.3% | 45% | +33.5% | −14.3% |
| February | +2.2% | +3.8% | 64% | +24.0% | −10.9% |
| March | +4.7% | +9.1% | 73% | +26.3% | −14.9% |
| April | −1.5% | −3.5% | 27% | +11.7% | −9.7% |
| May | +8.6% | +6.2% | 73% | +27.9% | −15.4% |
| June | +0.8% | −0.4% | 36% | +27.5% | −13.1% |
| July | +0.4% | −0.2% | 45% | +19.5% | −18.3% |
| August | −2.4% | −2.2% | 40% | +11.5% | −16.3% |
| September | −3.6% | −0.4% | 50% | +14.9% | −35.9% |
| October | −1.8% | −1.3% | 50% | +19.9% | −21.3% |
| November | +6.5% | +7.9% | 70% | +18.0% | −11.6% |
| December | +1.7% | +1.7% | 64% | +23.6% | −15.3% |
| Year | Return |
|---|---|
| 2025 | +16.4% |
| 2024 | +56.2% |
| 2023 | +7.6% |
| 2022 | +3.8% |
| 2021 | −30.5% |
| 2020 | +32.4% |
| 2019 | +10.7% |
| 2018 | −40.8% |
| 2017 | +86.4% |
| 2016 | +23.5% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.