Historical month-by-month and year-by-year returns
Based on 23 calendar years of monthly closes, starting 2004.
| Month | Average | Median | % Positive | Best | Worst |
|---|---|---|---|---|---|
| January | +3.1% | +2.4% | 68% | +27.0% | −18.8% |
| February | −2.0% | −5.1% | 41% | +23.6% | −16.7% |
| March | +2.6% | +4.8% | 59% | +16.9% | −12.1% |
| April | +0.8% | +3.3% | 55% | +13.4% | −15.7% |
| May | −0.8% | −1.4% | 32% | +24.7% | −14.8% |
| June | +1.6% | +2.1% | 64% | +17.1% | −16.3% |
| July | +2.6% | +1.4% | 55% | +50.9% | −18.4% |
| August | −3.1% | −1.1% | 33% | +13.8% | −30.8% |
| September | +0.3% | −0.9% | 48% | +15.2% | −30.2% |
| October | +1.8% | +5.6% | 62% | +18.9% | −21.1% |
| November | +4.7% | +5.4% | 82% | +18.4% | −12.2% |
| December | +0.6% | 0.0% | 50% | +16.6% | −21.1% |
| Year | Return |
|---|---|
| 2025 | +3.8% |
| 2024 | −4.2% |
| 2023 | +65.8% |
| 2022 | +3.7% |
| 2021 | +269.9% |
| 2020 | +35.6% |
| 2019 | −2.4% |
| 2018 | −33.4% |
| 2017 | +13.8% |
| 2016 | −6.2% |
| 2015 | −27.3% |
| 2014 | +9.7% |
| 2013 | +46.6% |
| 2012 | +13.5% |
| 2011 | −46.2% |
| 2010 | +14.7% |
| 2009 | −27.2% |
| 2008 | −50.4% |
| 2007 | −6.1% |
| 2006 | +6.5% |
| 2005 | +50.8% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.