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 | +3.6% | +1.3% | 61% | +34.6% | −21.7% |
| February | −1.9% | +2.7% | 57% | +27.7% | −40.2% |
| March | +7.4% | −1.1% | 43% | +72.6% | −19.6% |
| April | +2.8% | +1.5% | 57% | +67.1% | −46.0% |
| May | −0.6% | +0.3% | 52% | +22.4% | −19.1% |
| June | −1.9% | −0.6% | 48% | +21.3% | −28.4% |
| July | −1.2% | −3.1% | 38% | +37.8% | −23.3% |
| August | +0.7% | +1.6% | 57% | +25.5% | −23.3% |
| September | −1.8% | −0.6% | 50% | +23.9% | −54.3% |
| October | +3.2% | −3.1% | 39% | +34.7% | −21.0% |
| November | +1.2% | −1.3% | 43% | +41.1% | −14.0% |
| December | +0.2% | −0.3% | 48% | +25.0% | −24.7% |
| Year | Return |
|---|---|
| 2025 | +22.2% |
| 2024 | −14.7% |
| 2023 | +85.9% |
| 2022 | +2.4% |
| 2021 | +8.2% |
| 2020 | +68.8% |
| 2019 | +13.8% |
| 2018 | −51.3% |
| 2017 | +26.0% |
| 2016 | +30.0% |
| 2015 | −8.7% |
| 2014 | +57.1% |
| 2013 | +97.8% |
| 2012 | −42.9% |
| 2011 | −45.1% |
| 2010 | +16.2% |
| 2009 | +20.2% |
| 2008 | −70.6% |
| 2007 | −32.3% |
| 2006 | −17.9% |
| 2005 | −26.3% |
| 2004 | −30.4% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.