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 | +2.4% | +4.5% | 77% | +12.6% | −18.4% |
| February | −3.0% | −1.0% | 36% | +11.0% | −16.5% |
| March | +0.1% | +1.2% | 55% | +15.2% | −13.2% |
| April | +5.4% | +3.4% | 64% | +33.1% | −17.7% |
| May | +3.1% | +5.5% | 64% | +26.0% | −11.0% |
| June | −0.4% | −0.6% | 45% | +12.8% | −10.1% |
| July | +5.0% | +5.9% | 73% | +20.2% | −10.0% |
| August | −0.1% | −0.6% | 39% | +10.7% | −10.4% |
| September | +2.6% | +1.7% | 64% | +26.6% | −13.5% |
| October | +8.8% | +9.2% | 73% | +47.1% | −10.3% |
| November | +1.2% | +1.7% | 64% | +13.6% | −18.5% |
| December | +1.8% | +2.3% | 68% | +11.7% | −12.5% |
| Year | Return |
|---|---|
| 2025 | +64.8% |
| 2024 | +35.1% |
| 2023 | +58.8% |
| 2022 | −38.7% |
| 2021 | +65.2% |
| 2020 | +31.0% |
| 2019 | +29.1% |
| 2018 | −1.0% |
| 2017 | +35.6% |
| 2016 | +1.7% |
| 2015 | +44.6% |
| 2014 | −6.0% |
| 2013 | +58.4% |
| 2012 | +9.5% |
| 2011 | +8.7% |
| 2010 | −4.2% |
| 2009 | +101.5% |
| 2008 | −55.5% |
| 2007 | +50.2% |
| 2006 | +11.0% |
| 2005 | +115.2% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.