Historical month-by-month and year-by-year returns
Based on 12 calendar years of monthly closes, starting 2015.
| Month | Average | Median | % Positive | Best | Worst |
|---|---|---|---|---|---|
| January | +0.4% | −0.3% | 45% | +11.7% | −9.1% |
| February | −4.0% | −1.3% | 45% | +9.6% | −30.9% |
| March | −0.3% | −0.7% | 36% | +10.0% | −8.6% |
| April | +2.5% | +1.6% | 64% | +22.6% | −9.5% |
| May | −2.3% | +0.5% | 55% | +6.6% | −16.8% |
| June | −0.1% | −1.6% | 45% | +12.3% | −8.9% |
| July | +2.2% | +2.1% | 64% | +9.4% | −5.7% |
| August | −3.5% | −0.6% | 38% | +3.6% | −20.3% |
| September | −2.9% | −2.9% | 36% | +9.5% | −14.5% |
| October | +2.2% | −0.3% | 36% | +15.7% | −6.5% |
| November | −0.7% | −4.5% | 45% | +11.6% | −8.2% |
| December | +0.2% | +3.5% | 55% | +6.9% | −15.8% |
| Year | Return |
|---|---|
| 2025 | −21.0% |
| 2024 | −17.0% |
| 2023 | −9.2% |
| 2022 | +13.4% |
| 2021 | +3.6% |
| 2020 | +7.9% |
| 2019 | −25.3% |
| 2018 | −44.7% |
| 2017 | −10.9% |
| 2016 | +20.0% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.