Historical month-by-month and year-by-year returns
Based on 20 calendar years of monthly closes, starting 2007.
| Month | Average | Median | % Positive | Best | Worst |
|---|---|---|---|---|---|
| January | +1.4% | −0.9% | 47% | +30.4% | −39.8% |
| February | −1.7% | −0.3% | 47% | +26.3% | −27.1% |
| March | −3.3% | +1.0% | 63% | +15.7% | −38.2% |
| April | +0.4% | −0.7% | 47% | +12.9% | −17.2% |
| May | +2.2% | +3.5% | 63% | +21.3% | −27.7% |
| June | −1.7% | −3.6% | 40% | +30.9% | −30.5% |
| July | +1.6% | −0.8% | 50% | +32.3% | −14.0% |
| August | −0.5% | −2.4% | 33% | +23.5% | −12.0% |
| September | +2.8% | +2.2% | 53% | +24.1% | −13.7% |
| October | +6.8% | +6.1% | 74% | +47.4% | −20.3% |
| November | +5.8% | +5.8% | 68% | +31.4% | −19.8% |
| December | +3.6% | +2.1% | 58% | +38.9% | −24.6% |
| Year | Return |
|---|---|
| 2025 | +14.7% |
| 2024 | +50.4% |
| 2023 | +22.4% |
| 2022 | −15.9% |
| 2021 | −2.8% |
| 2020 | −31.2% |
| 2019 | +17.2% |
| 2018 | −10.9% |
| 2017 | +13.8% |
| 2016 | −3.0% |
| 2015 | +3.0% |
| 2014 | +79.1% |
| 2013 | +131.4% |
| 2012 | +46.7% |
| 2011 | −35.8% |
| 2010 | +10.7% |
| 2009 | −0.7% |
| 2008 | −23.0% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.