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 | +1.3% | +1.2% | 57% | +10.1% | −4.5% |
| February | +0.3% | −0.3% | 48% | +10.3% | −5.2% |
| March | −0.9% | −0.9% | 39% | +9.9% | −11.5% |
| April | +0.9% | +0.4% | 52% | +11.5% | −4.6% |
| May | −0.3% | +0.2% | 52% | +5.5% | −6.5% |
| June | +0.1% | +0.2% | 52% | +6.0% | −6.9% |
| July | +1.2% | +0.9% | 61% | +6.9% | −2.8% |
| August | +0.1% | −0.8% | 30% | +13.3% | −3.7% |
| September | −0.7% | −1.8% | 27% | +15.3% | −5.2% |
| October | — | — | — | — | — |
| November | −0.1% | −0.6% | 41% | +17.1% | −5.3% |
| December | −1.5% | −0.6% | 41% | +4.7% | −10.7% |
| Year | Return |
|---|---|
| 2025 | −1.8% |
| 2024 | +2.0% |
| 2023 | −4.6% |
| 2022 | −7.0% |
| 2021 | −2.0% |
| 2020 | −0.7% |
| 2019 | +5.0% |
| 2018 | +6.9% |
| 2017 | −8.3% |
| 2016 | +5.7% |
| 2015 | +6.5% |
| 2014 | −8.8% |
| 2013 | −16.8% |
| 2012 | −18.8% |
| 2011 | +7.6% |
| 2010 | +11.7% |
| 2009 | −9.6% |
| 2008 | +65.1% |
| 2007 | +11.3% |
| 2006 | −11.9% |
| 2005 | −13.5% |
| 2004 | −11.8% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.