Historical month-by-month and year-by-year returns
Based on 22 calendar years of monthly closes, starting 2004.
| Month | Average | Median | % Positive | Best | Worst |
|---|---|---|---|---|---|
| January | −0.9% | −1.7% | 38% | +5.6% | −6.4% |
| February | 0.0% | −0.6% | 43% | +8.4% | −4.9% |
| March | −0.7% | −0.7% | 45% | +16.2% | −26.6% |
| April | +1.6% | +1.0% | 68% | +9.7% | −11.6% |
| May | −0.5% | −1.3% | 41% | +9.0% | −9.2% |
| June | −0.3% | −0.6% | 41% | +8.2% | −5.1% |
| July | +2.0% | +0.4% | 55% | +11.3% | −2.8% |
| August | +2.2% | +0.7% | 57% | +17.9% | −6.6% |
| September | −0.7% | −1.3% | 45% | +9.1% | −8.7% |
| October | — | — | — | — | — |
| November | +2.2% | +1.9% | 60% | +9.2% | −7.5% |
| December | −0.1% | 0.0% | 50% | +5.0% | −5.8% |
| Year | Return |
|---|---|
| 2025 | −11.4% |
| 2024 | +27.7% |
| 2023 | −8.4% |
| 2022 | −5.2% |
| 2021 | +7.3% |
| 2020 | +29.3% |
| 2019 | +3.7% |
| 2018 | +17.0% |
| 2017 | +1.8% |
| 2016 | −17.8% |
| 2015 | +49.1% |
| 2014 | +12.5% |
| 2013 | +15.4% |
| 2012 | +9.6% |
| 2011 | +12.2% |
| 2010 | −4.6% |
| 2009 | −25.0% |
| 2008 | +31.5% |
| 2007 | −17.1% |
| 2006 | −27.8% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.