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 | +0.3% | +0.2% | 57% | +4.7% | −3.9% |
| February | −0.3% | −0.2% | 43% | +2.7% | −5.0% |
| March | +0.4% | +0.4% | 61% | +5.0% | −4.3% |
| April | −0.5% | −0.7% | 35% | +9.4% | −5.1% |
| May | −0.2% | −0.2% | 48% | +2.9% | −8.0% |
| June | +0.4% | +0.4% | 65% | +6.6% | −4.2% |
| July | −0.7% | −0.9% | 35% | +2.8% | −8.7% |
| August | −0.5% | −1.0% | 43% | +4.2% | −4.3% |
| September | −0.1% | 0.0% | 50% | +5.0% | −9.8% |
| October | — | — | — | — | — |
| November | +0.1% | +0.1% | 55% | +4.4% | −4.5% |
| December | −0.3% | −0.3% | 45% | +2.2% | −4.5% |
| Year | Return |
|---|---|
| 2025 | +7.3% |
| 2024 | −1.5% |
| 2023 | +5.3% |
| 2022 | −10.4% |
| 2021 | −1.0% |
| 2020 | +3.9% |
| 2019 | +3.3% |
| 2018 | −6.1% |
| 2017 | +9.5% |
| 2016 | −16.7% |
| 2015 | −4.8% |
| 2014 | −5.6% |
| 2013 | +2.1% |
| 2012 | +4.8% |
| 2011 | −0.1% |
| 2010 | −4.6% |
| 2009 | +10.4% |
| 2008 | −26.2% |
| 2007 | +1.4% |
| 2006 | +13.9% |
| 2005 | −10.4% |
| 2004 | +7.3% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.