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 | −0.3% | −1.7% | 44% | +9.4% | −14.7% |
| February | −1.8% | 0.0% | 52% | +7.6% | −20.8% |
| March | +1.2% | +1.9% | 56% | +15.1% | −10.5% |
| April | −0.9% | +0.6% | 52% | +13.4% | −19.7% |
| May | +1.5% | +2.6% | 68% | +9.4% | −14.0% |
| June | −0.1% | +0.9% | 60% | +11.8% | −33.5% |
| July | +2.9% | +2.6% | 68% | +33.3% | −13.2% |
| August | +0.6% | +1.4% | 56% | +14.3% | −9.4% |
| September | +0.3% | +0.7% | 56% | +16.1% | −14.4% |
| October | +2.8% | −0.2% | 48% | +37.8% | −13.0% |
| November | +4.9% | +5.1% | 76% | +28.6% | −11.5% |
| December | +2.6% | +4.1% | 68% | +19.1% | −14.3% |
| Year | Return |
|---|---|
| 2025 | −23.7% |
| 2024 | +0.3% |
| 2023 | +31.5% |
| 2022 | −35.6% |
| 2021 | +58.7% |
| 2020 | +24.0% |
| 2019 | +49.3% |
| 2018 | −7.9% |
| 2017 | +30.7% |
| 2016 | +12.1% |
| 2015 | +17.0% |
| 2014 | +8.6% |
| 2013 | +23.6% |
| 2012 | +24.9% |
| 2011 | +9.8% |
| 2010 | +16.8% |
| 2009 | +26.6% |
| 2008 | −9.0% |
| 2007 | −2.4% |
| 2006 | +27.9% |
| 2005 | +6.9% |
| 2004 | +2.6% |
| 2003 | +46.3% |
| 2002 | −33.2% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.