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 | +0.2% | −1.6% | 43% | +18.3% | −19.3% |
| February | −2.1% | −2.4% | 30% | +36.2% | −18.2% |
| March | +1.7% | +0.7% | 54% | +47.9% | −34.2% |
| April | +1.8% | +3.3% | 54% | +20.1% | −11.4% |
| May | +2.3% | +1.6% | 54% | +36.5% | −15.0% |
| June | +1.0% | −0.9% | 46% | +13.8% | −14.7% |
| July | +1.1% | −0.6% | 50% | +34.3% | −12.9% |
| August | +1.5% | −1.7% | 43% | +72.4% | −21.9% |
| September | −0.6% | +0.4% | 54% | +12.3% | −47.5% |
| October | +2.6% | +3.6% | 61% | +17.8% | −11.5% |
| November | +3.6% | +3.6% | 65% | +18.9% | −10.3% |
| December | +2.5% | +2.6% | 65% | +19.0% | −15.5% |
| Year | Return |
|---|---|
| 2025 | +57.5% |
| 2024 | +59.4% |
| 2023 | +33.3% |
| 2022 | +30.8% |
| 2021 | +12.4% |
| 2020 | −15.2% |
| 2019 | −9.4% |
| 2018 | −12.6% |
| 2017 | −2.4% |
| 2016 | +2.2% |
| 2015 | +6.1% |
| 2014 | −11.4% |
| 2013 | +19.7% |
| 2012 | +59.1% |
| 2011 | −27.2% |
| 2010 | −9.7% |
| 2009 | −22.9% |
| 2008 | −54.4% |
| 2007 | −42.8% |
| 2006 | −9.4% |
| 2005 | +92.4% |
| 2004 | +58.9% |
| 2003 | +224.4% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.