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 | −1.3% | −1.7% | 38% | +29.5% | −18.4% |
| February | +3.6% | +4.2% | 69% | +13.0% | −8.9% |
| March | +1.4% | +1.7% | 58% | +10.1% | −9.8% |
| April | +2.1% | +1.8% | 65% | +24.6% | −16.9% |
| May | +0.6% | −0.9% | 42% | +13.9% | −12.4% |
| June | +2.7% | +1.5% | 65% | +21.8% | −8.6% |
| July | +3.4% | +3.2% | 65% | +23.4% | −10.1% |
| August | −4.1% | −0.5% | 48% | +17.0% | −77.0% |
| September | +0.3% | +0.6% | 58% | +29.1% | −12.8% |
| October | −0.2% | −4.0% | 36% | +22.6% | −15.1% |
| November | +0.4% | −0.5% | 40% | +19.6% | −8.8% |
| December | −1.4% | −2.6% | 36% | +16.7% | −15.4% |
| Year | Return |
|---|---|
| 2025 | +3.9% |
| 2024 | +20.1% |
| 2023 | +11.4% |
| 2022 | +8.1% |
| 2021 | −10.4% |
| 2020 | +40.2% |
| 2019 | +33.0% |
| 2018 | +34.7% |
| 2017 | +14.5% |
| 2016 | +14.3% |
| 2015 | +13.4% |
| 2014 | +3.0% |
| 2013 | +78.8% |
| 2012 | +20.1% |
| 2011 | +20.7% |
| 2010 | −0.4% |
| 2009 | −0.9% |
| 2008 | −38.4% |
| 2007 | −15.1% |
| 2006 | −1.2% |
| 2005 | −73.7% |
| 2004 | −13.6% |
| 2003 | −30.6% |
| 2002 | +3.3% |
| 2001 | −20.0% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.