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 | −0.7% | −1.0% | 43% | +3.4% | −8.1% |
| February | −0.2% | 0.0% | 43% | +2.6% | −3.1% |
| March | +0.5% | +0.2% | 52% | +5.2% | −5.5% |
| April | −0.9% | −0.4% | 35% | +6.7% | −7.6% |
| May | +0.3% | +0.1% | 52% | +3.3% | −3.0% |
| June | +0.2% | 0.0% | 52% | +6.6% | −3.2% |
| July | 0.0% | +0.3% | 52% | +2.5% | −5.8% |
| August | −0.2% | −0.5% | 45% | +7.6% | −5.9% |
| September | −0.3% | −0.3% | 48% | +4.1% | −9.9% |
| October | — | — | — | — | — |
| November | −0.2% | −0.1% | 50% | +3.8% | −5.8% |
| December | +0.9% | +1.0% | 68% | +10.3% | −4.7% |
| Year | Return |
|---|---|
| 2025 | +12.9% |
| 2024 | −5.9% |
| 2023 | +3.1% |
| 2022 | −5.3% |
| 2021 | −7.9% |
| 2020 | +9.8% |
| 2019 | −2.1% |
| 2018 | −4.7% |
| 2017 | +14.1% |
| 2016 | −3.8% |
| 2015 | −10.1% |
| 2014 | −11.9% |
| 2013 | +4.4% |
| 2012 | +2.1% |
| 2011 | −2.6% |
| 2010 | −7.2% |
| 2009 | +2.5% |
| 2008 | −4.3% |
| 2007 | +10.6% |
| 2006 | +11.4% |
| 2005 | −12.7% |
| 2004 | +7.7% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.