Historical month-by-month and year-by-year returns
Based on 22 calendar years of monthly closes, starting 2005.
| Month | Average | Median | % Positive | Best | Worst |
|---|---|---|---|---|---|
| January | +3.2% | −0.9% | 48% | +66.5% | −26.6% |
| February | −1.9% | −1.0% | 38% | +38.0% | −49.7% |
| March | −4.1% | −2.1% | 43% | +26.4% | −36.0% |
| April | +0.5% | −3.6% | 38% | +49.8% | −18.8% |
| May | −0.3% | +1.4% | 57% | +28.8% | −53.9% |
| June | −1.6% | −2.1% | 38% | +24.5% | −36.9% |
| July | +4.4% | +0.2% | 52% | +102.4% | −30.0% |
| August | +0.2% | −2.5% | 32% | +67.8% | −16.7% |
| September | −0.8% | +0.2% | 50% | +38.2% | −29.0% |
| October | +9.6% | +12.5% | 71% | +68.2% | −34.9% |
| November | +3.7% | +7.0% | 67% | +36.1% | −41.2% |
| December | +4.0% | +4.7% | 71% | +31.2% | −29.2% |
| Year | Return |
|---|---|
| 2025 | −12.0% |
| 2024 | +26.9% |
| 2023 | +8.0% |
| 2022 | −29.2% |
| 2021 | +13.9% |
| 2020 | −45.0% |
| 2019 | −10.7% |
| 2018 | −38.3% |
| 2017 | +11.4% |
| 2016 | +10.2% |
| 2015 | −21.0% |
| 2014 | +112.4% |
| 2013 | +87.0% |
| 2012 | +166.3% |
| 2011 | −49.4% |
| 2010 | +106.8% |
| 2009 | −37.4% |
| 2008 | −47.5% |
| 2007 | −72.7% |
| 2006 | +45.0% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.