Historical month-by-month and year-by-year returns
Based on 13 calendar years of monthly closes, starting 2014.
| Month | Average | Median | % Positive | Best | Worst |
|---|---|---|---|---|---|
| January | +4.4% | +6.9% | 75% | +18.9% | −21.9% |
| February | 0.0% | +1.2% | 58% | +11.5% | −25.3% |
| March | +0.9% | +2.4% | 58% | +21.1% | −19.2% |
| April | −1.0% | +1.5% | 58% | +14.2% | −20.7% |
| May | −0.6% | −3.7% | 33% | +26.1% | −14.9% |
| June | +3.2% | +4.7% | 69% | +17.6% | −13.7% |
| July | +3.2% | +0.2% | 54% | +29.6% | −11.2% |
| August | −0.2% | +0.3% | 50% | +23.3% | −21.6% |
| September | −2.5% | −7.8% | 33% | +48.1% | −20.8% |
| October | −2.7% | −1.2% | 42% | +10.4% | −25.9% |
| November | +5.3% | +4.1% | 58% | +53.3% | −9.7% |
| December | −0.5% | −1.5% | 42% | +10.6% | −16.7% |
| Year | Return |
|---|---|
| 2025 | −17.2% |
| 2024 | +20.0% |
| 2023 | −48.5% |
| 2022 | −19.9% |
| 2021 | −20.3% |
| 2020 | +149.5% |
| 2019 | +68.3% |
| 2018 | −49.5% |
| 2017 | +62.8% |
| 2016 | −21.2% |
| 2015 | +39.4% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.