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 | +3.7% | +4.0% | 68% | +12.3% | −6.4% |
| February | +1.3% | +1.6% | 59% | +10.9% | −6.3% |
| March | 0.0% | −0.6% | 36% | +9.4% | −11.1% |
| April | +1.7% | +1.1% | 59% | +12.0% | −7.6% |
| May | −0.5% | −1.3% | 36% | +10.2% | −6.3% |
| June | −0.7% | −1.5% | 41% | +9.0% | −11.7% |
| July | +1.2% | +1.4% | 64% | +10.8% | −6.6% |
| August | +1.9% | +1.1% | 61% | +12.3% | −9.3% |
| September | +0.2% | −1.8% | 43% | +11.8% | −11.1% |
| October | +0.8% | +1.5% | 57% | +7.4% | −16.1% |
| November | +1.1% | +0.3% | 52% | +12.8% | −8.4% |
| December | +0.8% | +1.7% | 59% | +7.7% | −10.7% |
| Year | Return |
|---|---|
| 2025 | +63.7% |
| 2024 | +26.7% |
| 2023 | +12.7% |
| 2022 | −0.8% |
| 2021 | −4.1% |
| 2020 | +24.8% |
| 2019 | +17.9% |
| 2018 | −1.9% |
| 2017 | +12.8% |
| 2016 | +8.0% |
| 2015 | −10.7% |
| 2014 | −2.2% |
| 2013 | −28.3% |
| 2012 | +6.6% |
| 2011 | +9.6% |
| 2010 | +29.3% |
| 2009 | +24.0% |
| 2008 | +4.9% |
| 2007 | +30.5% |
| 2006 | +22.5% |
| 2005 | +17.8% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.