Historical month-by-month and year-by-year returns
Based on 10 calendar years of monthly closes, starting 2017.
| Month | Average | Median | % Positive | Best | Worst |
|---|---|---|---|---|---|
| January | +4.9% | +1.7% | 56% | +60.4% | −41.7% |
| February | +1.7% | −2.7% | 44% | +52.5% | −31.1% |
| March | +5.5% | +9.9% | 67% | +38.9% | −37.2% |
| April | +24.8% | +15.5% | 67% | +193.3% | −31.1% |
| May | −1.2% | −5.8% | 33% | +76.4% | −31.5% |
| June | −24.8% | −29.1% | 0% | −11.6% | −37.8% |
| July | +3.8% | −0.6% | 44% | +44.5% | −23.2% |
| August | −3.4% | −3.3% | 40% | +23.3% | −24.8% |
| September | −11.3% | −12.5% | 13% | +7.2% | −22.0% |
| October | −2.9% | −2.6% | 38% | +17.8% | −32.2% |
| November | +3.9% | −14.7% | 38% | +113.1% | −44.5% |
| December | +13.7% | −11.0% | 22% | +207.3% | −24.2% |
| Year | Return |
|---|---|
| 2025 | −79.5% |
| 2024 | −8.4% |
| 2023 | −2.1% |
| 2022 | −71.6% |
| 2021 | +16.9% |
| 2020 | +0.7% |
| 2019 | +0.5% |
| 2018 | −70.7% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.