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 | +2.5% | +2.3% | 61% | +23.7% | −17.6% |
| February | +4.7% | +3.5% | 63% | +56.7% | −21.5% |
| March | +0.7% | +4.0% | 63% | +25.2% | −25.1% |
| April | −0.4% | +2.1% | 57% | +18.2% | −22.2% |
| May | −1.5% | −1.6% | 38% | +18.6% | −16.7% |
| June | −4.2% | −4.7% | 25% | +14.9% | −17.1% |
| July | +5.5% | +5.2% | 73% | +26.2% | −11.9% |
| August | −0.8% | −0.5% | 48% | +18.1% | −24.5% |
| September | −0.7% | +3.4% | 70% | +14.3% | −28.4% |
| October | +1.0% | +2.0% | 52% | +15.1% | −15.8% |
| November | +1.4% | +1.8% | 63% | +25.0% | −19.6% |
| December | +6.3% | +7.0% | 71% | +28.6% | −17.2% |
| Year | Return |
|---|---|
| 2025 | +64.5% |
| 2024 | −10.3% |
| 2023 | −38.3% |
| 2022 | −6.2% |
| 2021 | −22.1% |
| 2020 | +34.9% |
| 2019 | +44.8% |
| 2018 | +16.8% |
| 2017 | +57.3% |
| 2016 | +21.7% |
| 2014 | +11.2% |
| 2013 | +2.2% |
| 2011 | −18.4% |
| 2010 | +97.2% |
| 2005 | +42.2% |
| 2004 | −6.2% |
| 2003 | −25.8% |
| 2002 | −40.6% |
| 2001 | −53.1% |
| 2000 | +112.5% |
| 1999 | +35.2% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.