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 | −1.2% | −0.9% | 30% | +8.6% | −8.8% |
| February | +0.3% | +0.4% | 54% | +8.1% | −5.5% |
| March | +1.0% | +0.6% | 71% | +6.1% | −6.1% |
| April | −0.3% | +0.7% | 63% | +5.8% | −10.2% |
| May | +0.6% | +1.0% | 67% | +4.9% | −7.5% |
| June | −0.7% | −0.2% | 38% | +4.2% | −5.3% |
| July | −0.5% | −0.3% | 42% | +2.9% | −5.3% |
| August | +0.3% | +0.5% | 54% | +6.6% | −6.1% |
| September | 0.0% | +1.0% | 57% | +4.3% | −16.4% |
| October | — | — | — | — | — |
| November | +0.3% | +0.8% | 57% | +7.3% | −4.7% |
| December | +1.1% | +1.4% | 65% | +6.7% | −3.4% |
| Year | Return |
|---|---|
| 2025 | +12.4% |
| 2024 | +4.8% |
| 2023 | +10.9% |
| 2022 | +7.9% |
| 2021 | +2.7% |
| 2020 | +4.0% |
| 2019 | −3.4% |
| 2018 | −6.6% |
| 2017 | +10.0% |
| 2016 | −6.6% |
| 2015 | −9.4% |
| 2014 | +0.3% |
| 2013 | +27.5% |
| 2012 | +13.0% |
| 2011 | −7.2% |
| 2010 | −18.6% |
| 2009 | +5.1% |
| 2008 | −22.3% |
| 2007 | +3.8% |
| 2006 | +12.3% |
| 2005 | +0.6% |
| 2004 | +2.8% |
| 2003 | +4.7% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.