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 | +0.1% | +0.2% | 52% | +2.5% | −2.6% |
| February | +0.1% | +0.1% | 61% | +4.4% | −6.5% |
| March | −0.1% | 0.0% | 50% | +4.5% | −4.8% |
| April | +1.0% | +0.6% | 78% | +7.0% | −4.2% |
| May | +0.6% | +0.2% | 57% | +5.6% | −1.3% |
| June | +0.1% | −0.1% | 43% | +2.6% | −1.7% |
| July | +1.3% | +0.5% | 83% | +8.0% | −2.5% |
| August | 0.0% | −0.2% | 45% | +6.8% | −5.0% |
| September | +0.2% | −0.1% | 45% | +6.0% | −2.5% |
| October | — | — | — | — | — |
| November | +0.6% | +0.6% | 68% | +6.7% | −5.1% |
| December | −0.5% | −0.7% | 27% | +2.5% | −3.0% |
| Year | Return |
|---|---|
| 2025 | +4.6% |
| 2024 | +4.2% |
| 2023 | −0.5% |
| 2022 | +11.2% |
| 2021 | +1.8% |
| 2020 | +2.6% |
| 2019 | +2.0% |
| 2018 | +9.5% |
| 2017 | −6.0% |
| 2016 | +2.2% |
| 2015 | +4.9% |
| 2014 | +2.6% |
| 2013 | +12.8% |
| 2012 | +3.3% |
| 2011 | +18.3% |
| 2010 | −3.4% |
| 2009 | −3.5% |
| 2008 | +22.5% |
| 2007 | −10.9% |
| 2006 | −2.1% |
| 2005 | +3.8% |
| 2004 | −4.9% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.