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 | −0.2% | −0.1% | 48% | +5.0% | −6.3% |
| February | 0.0% | −0.3% | 39% | +5.3% | −3.3% |
| March | −0.4% | −0.7% | 35% | +21.6% | −7.1% |
| April | +0.6% | −0.5% | 43% | +10.7% | −6.7% |
| May | +0.1% | +0.2% | 52% | +7.7% | −6.8% |
| June | −0.6% | −0.3% | 39% | +2.5% | −6.1% |
| July | +1.4% | +0.5% | 65% | +5.6% | −2.2% |
| August | +0.9% | +0.1% | 50% | +12.7% | −4.6% |
| September | +0.6% | 0.0% | 52% | +17.1% | −4.6% |
| October | — | — | — | — | — |
| November | +0.5% | +0.7% | 59% | +9.0% | −6.1% |
| December | +0.1% | −0.3% | 45% | +5.7% | −5.6% |
| Year | Return |
|---|---|
| 2025 | −12.9% |
| 2024 | +21.7% |
| 2023 | −12.9% |
| 2022 | −4.8% |
| 2021 | +2.9% |
| 2020 | +5.1% |
| 2019 | −3.7% |
| 2018 | 0.0% |
| 2017 | −5.2% |
| 2016 | +20.0% |
| 2015 | +17.2% |
| 2014 | +13.1% |
| 2013 | +1.5% |
| 2012 | −7.8% |
| 2011 | +12.9% |
| 2010 | −5.8% |
| 2009 | −4.9% |
| 2008 | +26.3% |
| 2007 | +1.3% |
| 2006 | +1.2% |
| 2005 | −4.4% |
| 2004 | −0.8% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.