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 | −3.6% | +0.6% | 57% | +9.2% | −100.0% |
| February | +43728.2% | +0.5% | 52% | +1005832.9% | −100.0% |
| March | +21794.8% | +0.2% | 52% | +1002584.7% | −10.1% |
| April | +1.2% | +0.7% | 70% | +8.3% | −3.4% |
| May | +0.2% | +0.2% | 52% | +5.3% | −5.6% |
| June | −4.9% | −0.3% | 48% | +4.7% | −100.0% |
| July | +42679.7% | +0.8% | 57% | +981615.4% | −3.4% |
| August | −3.9% | −0.7% | 39% | +10.9% | −100.0% |
| September | +44249.7% | −0.6% | 36% | +973595.6% | −100.0% |
| October | — | — | — | — | — |
| November | +45931.6% | +0.6% | 50% | +1010488.7% | −6.8% |
| December | −1.5% | −1.1% | 32% | +4.8% | −15.1% |
| Year | Return |
|---|---|
| 2025 | −2.0% |
| 2024 | +13.4% |
| 2023 | +2.6% |
| 2022 | +6.0% |
| 2021 | +9.5% |
| 2020 | −6.0% |
| 2019 | +3.6% |
| 2018 | +4.7% |
| 2017 | −11.6% |
| 2016 | +2.6% |
| 2015 | +7.3% |
| 2014 | +3.9% |
| 2013 | +1.6% |
| 2012 | −10.2% |
| 2011 | +2.5% |
| 2010 | −2.1% |
| 2009 | −7.3% |
| 2008 | +34.1% |
| 2007 | +4.4% |
| 2006 | −11.2% |
| 2005 | −0.3% |
| 2004 | −15.7% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.