Historical month-by-month and year-by-year returns
Based on 10 calendar years of monthly closes, starting 2017.
| Month | Average | Median | % Positive | Best | Worst |
|---|---|---|---|---|---|
| January | −2.3% | −1.1% | 33% | +10.3% | −15.2% |
| February | +3.0% | +4.5% | 78% | +8.8% | −6.5% |
| March | −1.1% | +0.4% | 56% | +14.2% | −14.3% |
| April | −2.0% | −3.4% | 44% | +14.3% | −14.4% |
| May | −2.8% | −3.4% | 30% | +21.3% | −17.5% |
| June | +1.9% | +1.4% | 60% | +27.4% | −19.6% |
| July | −1.5% | −3.0% | 40% | +30.1% | −19.4% |
| August | −3.6% | −1.8% | 22% | +3.0% | −19.2% |
| September | −6.0% | −4.9% | 22% | +14.9% | −29.5% |
| October | +7.3% | −2.0% | 44% | +53.9% | −8.6% |
| November | +2.6% | +5.0% | 56% | +23.4% | −14.6% |
| December | −3.4% | −3.0% | 33% | +9.4% | −14.3% |
| Year | Return |
|---|---|
| 2025 | +19.2% |
| 2024 | −24.0% |
| 2023 | −4.1% |
| 2022 | −44.5% |
| 2021 | −16.7% |
| 2020 | +46.8% |
| 2019 | −16.3% |
| 2018 | −38.5% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.