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 | −0.5% | −0.3% | 43% | +6.1% | −12.3% |
| February | 0.0% | −0.5% | 43% | +4.2% | −4.7% |
| March | +0.3% | +0.7% | 57% | +11.4% | −7.4% |
| April | −0.7% | −0.5% | 43% | +13.3% | −8.7% |
| May | 0.0% | +0.6% | 57% | +6.6% | −5.6% |
| June | +0.7% | +0.9% | 65% | +6.0% | −3.9% |
| July | −0.9% | −1.5% | 39% | +5.9% | −7.7% |
| August | −0.2% | −0.4% | 39% | +8.1% | −9.8% |
| September | +0.1% | +1.0% | 55% | +6.7% | −13.0% |
| October | — | — | — | — | — |
| November | +0.1% | −0.2% | 45% | +6.8% | −6.9% |
| December | +1.2% | +1.1% | 73% | +6.5% | −4.9% |
| Year | Return |
|---|---|
| 2025 | +2.7% |
| 2024 | −10.9% |
| 2023 | −0.4% |
| 2022 | −7.0% |
| 2021 | −5.3% |
| 2020 | +7.1% |
| 2019 | +0.4% |
| 2018 | −5.6% |
| 2017 | +2.5% |
| 2016 | +1.3% |
| 2015 | −12.6% |
| 2014 | −4.7% |
| 2013 | −0.1% |
| 2012 | +6.5% |
| 2011 | +0.1% |
| 2010 | +6.2% |
| 2009 | +25.2% |
| 2008 | −24.2% |
| 2007 | +8.6% |
| 2006 | +3.3% |
| 2005 | −4.9% |
| 2004 | +9.7% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.