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 | +2.1% | +2.3% | 59% | +28.1% | −19.9% |
| February | +2.5% | +2.2% | 55% | +22.9% | −15.1% |
| March | +0.8% | −0.5% | 50% | +22.1% | −15.5% |
| April | +2.3% | +1.7% | 59% | +30.8% | −17.1% |
| May | +2.8% | +3.2% | 64% | +40.3% | −15.8% |
| June | −1.4% | −0.5% | 45% | +10.4% | −18.0% |
| July | +2.2% | +1.8% | 61% | +17.5% | −19.0% |
| August | +6.0% | +2.5% | 58% | +39.9% | −18.0% |
| September | +1.4% | +0.9% | 55% | +26.9% | −13.6% |
| October | +4.6% | +7.3% | 73% | +30.0% | −36.0% |
| November | +2.7% | +1.3% | 55% | +27.5% | −14.1% |
| December | −0.3% | −1.3% | 41% | +17.7% | −17.3% |
| Year | Return |
|---|---|
| 2025 | −20.8% |
| 2024 | +27.1% |
| 2023 | +98.5% |
| 2022 | −47.8% |
| 2021 | +14.2% |
| 2020 | +36.8% |
| 2019 | +18.7% |
| 2018 | +34.0% |
| 2017 | +49.3% |
| 2016 | −12.7% |
| 2015 | +32.2% |
| 2014 | +7.5% |
| 2013 | +31.3% |
| 2012 | +65.7% |
| 2011 | −23.1% |
| 2010 | +78.9% |
| 2009 | +130.5% |
| 2008 | −48.9% |
| 2007 | +72.0% |
| 2006 | +13.7% |
| 2005 | +89.2% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.