Historical month-by-month and year-by-year returns
Based on 29 calendar years of monthly closes, starting 1998.
| Month | Average | Median | % Positive | Best | Worst |
|---|---|---|---|---|---|
| January | +1.3% | +0.3% | 54% | +21.1% | −16.1% |
| February | +1.3% | +1.0% | 54% | +27.3% | −13.2% |
| March | +0.5% | +0.9% | 61% | +16.3% | −39.7% |
| April | +5.1% | +1.6% | 69% | +44.0% | −10.6% |
| May | +0.8% | −1.0% | 41% | +14.0% | −9.1% |
| June | −2.5% | −1.8% | 34% | +12.4% | −20.7% |
| July | +0.6% | +0.4% | 52% | +16.8% | −12.0% |
| August | −0.6% | −1.7% | 33% | +22.8% | −13.7% |
| September | −1.2% | −1.7% | 43% | +15.4% | −23.8% |
| October | +2.3% | +3.2% | 71% | +15.6% | −20.0% |
| November | +5.4% | +5.1% | 75% | +36.6% | −19.5% |
| December | +2.3% | +3.2% | 64% | +15.8% | −10.0% |
| Year | Return |
|---|---|
| 2025 | +11.2% |
| 2024 | +23.7% |
| 2023 | +51.5% |
| 2022 | −9.9% |
| 2021 | +25.3% |
| 2020 | −12.9% |
| 2019 | +39.5% |
| 2018 | −20.0% |
| 2017 | +64.2% |
| 2016 | +23.3% |
| 2015 | −14.1% |
| 2014 | +58.1% |
| 2013 | +32.4% |
| 2012 | +27.8% |
| 2011 | −25.5% |
| 2010 | +52.4% |
| 2009 | +41.6% |
| 2008 | −43.1% |
| 2007 | −28.4% |
| 2006 | +42.5% |
| 2005 | +6.3% |
| 2004 | +36.3% |
| 2003 | +40.6% |
| 2002 | −19.1% |
| 2001 | −3.8% |
| 2000 | +33.9% |
| 1999 | +8.8% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.