Historical month-by-month and year-by-year returns
Based on 26 calendar years of monthly closes, starting 2001.
| Month | Average | Median | % Positive | Best | Worst |
|---|---|---|---|---|---|
| January | +2.2% | +1.6% | 58% | +19.5% | −16.0% |
| February | +0.2% | +0.6% | 58% | +18.4% | −20.4% |
| March | +2.8% | +1.3% | 54% | +21.1% | −19.8% |
| April | +2.1% | +1.9% | 50% | +34.3% | −20.5% |
| May | +1.5% | −0.2% | 50% | +29.7% | −17.3% |
| June | −2.5% | −3.7% | 38% | +21.0% | −28.0% |
| July | −1.4% | −0.5% | 46% | +26.6% | −25.8% |
| August | −1.3% | −2.2% | 48% | +16.1% | −25.7% |
| September | +4.8% | +5.9% | 65% | +32.9% | −24.2% |
| October | +5.2% | +6.5% | 56% | +38.4% | −20.9% |
| November | +3.3% | +4.4% | 76% | +22.5% | −22.4% |
| December | +3.7% | +2.5% | 60% | +37.4% | −26.5% |
| Year | Return |
|---|---|
| 2025 | +47.9% |
| 2024 | +10.8% |
| 2023 | +213.0% |
| 2022 | +24.4% |
| 2021 | −8.7% |
| 2020 | +31.8% |
| 2019 | +60.7% |
| 2018 | −37.0% |
| 2017 | +76.9% |
| 2016 | +27.8% |
| 2015 | +4.0% |
| 2014 | +50.8% |
| 2013 | +43.3% |
| 2012 | +22.2% |
| 2011 | −25.0% |
| 2010 | +9.1% |
| 2009 | +126.1% |
| 2008 | −51.7% |
| 2007 | −39.3% |
| 2006 | +8.1% |
| 2005 | +45.6% |
| 2004 | −16.6% |
| 2003 | +26.5% |
| 2002 | −24.8% |
| 2001 | −24.5% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.