Historical month-by-month and year-by-year returns
Based on 20 calendar years of monthly closes, starting 2007.
| Month | Average | Median | % Positive | Best | Worst |
|---|---|---|---|---|---|
| January | −1.2% | −4.2% | 42% | +35.3% | −28.5% |
| February | −1.2% | +1.1% | 58% | +13.0% | −20.6% |
| March | +4.6% | +5.7% | 58% | +51.4% | −22.6% |
| April | +5.5% | +0.3% | 53% | +61.1% | −12.7% |
| May | −1.3% | −3.6% | 32% | +34.3% | −17.5% |
| June | +1.1% | +3.2% | 53% | +23.6% | −25.0% |
| July | +2.0% | +4.1% | 63% | +36.0% | −23.6% |
| August | +1.6% | +0.8% | 62% | +29.2% | −20.8% |
| September | +2.9% | +4.3% | 68% | +36.1% | −20.9% |
| October | +1.1% | −0.9% | 42% | +26.6% | −38.5% |
| November | +2.1% | +4.3% | 63% | +21.0% | −31.1% |
| December | +5.2% | +9.7% | 63% | +29.2% | −19.2% |
| Year | Return |
|---|---|
| 2025 | −45.7% |
| 2024 | −25.2% |
| 2023 | +59.6% |
| 2022 | −18.2% |
| 2021 | +12.5% |
| 2020 | +50.2% |
| 2019 | +90.5% |
| 2018 | +54.7% |
| 2017 | +20.9% |
| 2016 | +23.9% |
| 2015 | −6.0% |
| 2014 | −5.5% |
| 2013 | −22.6% |
| 2012 | +63.4% |
| 2011 | +36.4% |
| 2010 | +127.3% |
| 2009 | +279.6% |
| 2008 | −83.3% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.