Historical month-by-month and year-by-year returns
Based on 30 calendar years of monthly closes, starting 1997.
| Month | Average | Median | % Positive | Best | Worst |
|---|---|---|---|---|---|
| January | +3.1% | +2.8% | 80% | +13.6% | −7.1% |
| February | +3.1% | +1.9% | 68% | +24.1% | −11.0% |
| March | +0.6% | −0.1% | 50% | +10.9% | −9.0% |
| April | +0.9% | +0.6% | 52% | +14.2% | −8.0% |
| May | +0.1% | +0.2% | 52% | +10.3% | −13.6% |
| June | −3.1% | −3.2% | 25% | +7.4% | −19.4% |
| July | +2.2% | +1.6% | 60% | +22.3% | −11.2% |
| August | +0.3% | +2.3% | 57% | +12.0% | −20.9% |
| September | −1.7% | −1.5% | 42% | +16.0% | −42.0% |
| October | −0.1% | +0.6% | 58% | +9.0% | −20.1% |
| November | +0.3% | +0.9% | 55% | +12.0% | −9.1% |
| December | +4.0% | +2.2% | 60% | +27.3% | −10.3% |
| Year | Return |
|---|---|
| 2025 | +114.3% |
| 2024 | −4.6% |
| 2023 | −7.3% |
| 2022 | +11.3% |
| 2021 | −10.3% |
| 2020 | +19.8% |
| 2019 | +12.8% |
| 2018 | −14.8% |
| 2017 | +3.6% |
| 2016 | +1.1% |
| 2014 | −11.6% |
| 2013 | −11.1% |
| 2011 | −21.1% |
| 2010 | +21.5% |
| 2005 | +12.7% |
| 2003 | +39.4% |
| 2001 | −19.1% |
| 2000 | +41.7% |
| 1999 | +18.0% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.