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 | +0.4% | +0.8% | 65% | +12.4% | −6.9% |
| February | 0.0% | +0.1% | 52% | +3.7% | −3.6% |
| March | −0.2% | −0.4% | 41% | +5.6% | −6.5% |
| April | +0.3% | −0.2% | 48% | +7.5% | −6.3% |
| May | −0.8% | −0.7% | 26% | +3.4% | −6.8% |
| June | −0.2% | −0.2% | 43% | +4.6% | −4.5% |
| July | −0.1% | 0.0% | 52% | +4.8% | −3.7% |
| August | +0.5% | +0.5% | 61% | +9.6% | −4.7% |
| September | +0.2% | −0.2% | 45% | +3.4% | −4.3% |
| October | — | — | — | — | — |
| November | 0.0% | +0.1% | 52% | +6.8% | −4.4% |
| December | −1.6% | −1.2% | 30% | +3.1% | −14.0% |
| Year | Return |
|---|---|
| 2025 | −12.3% |
| 2024 | +7.4% |
| 2023 | −9.1% |
| 2022 | +1.2% |
| 2021 | +3.6% |
| 2020 | −9.0% |
| 2019 | −1.5% |
| 2018 | +1.0% |
| 2017 | −4.5% |
| 2016 | +3.2% |
| 2015 | −0.1% |
| 2014 | +11.4% |
| 2013 | −2.8% |
| 2012 | −2.9% |
| 2011 | +0.6% |
| 2010 | −9.6% |
| 2009 | −0.8% |
| 2008 | −7.9% |
| 2007 | −7.1% |
| 2006 | −7.2% |
| 2005 | +15.2% |
| 2004 | −7.8% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.