Historical month-by-month and year-by-year returns
Based on 12 calendar years of monthly closes, starting 2015.
| Month | Average | Median | % Positive | Best | Worst |
|---|---|---|---|---|---|
| January | +2.4% | +0.8% | 64% | +15.9% | −9.7% |
| February | −5.3% | −5.2% | 36% | +10.9% | −34.9% |
| March | −0.5% | +1.2% | 55% | +11.0% | −11.3% |
| April | +4.1% | +1.5% | 82% | +28.5% | −24.0% |
| May | +0.5% | −2.7% | 36% | +26.0% | −18.4% |
| June | +1.2% | +2.8% | 64% | +12.4% | −18.0% |
| July | +8.1% | +9.1% | 64% | +32.5% | −7.5% |
| August | +0.8% | +2.1% | 54% | +12.4% | −17.6% |
| September | −2.9% | −4.9% | 27% | +10.3% | −11.3% |
| October | +0.2% | +0.5% | 55% | +16.0% | −11.4% |
| November | +0.2% | +1.9% | 55% | +15.0% | −20.5% |
| December | −0.1% | +0.1% | 55% | +9.4% | −9.2% |
| Year | Return |
|---|---|
| 2025 | −31.6% |
| 2024 | +39.0% |
| 2023 | −13.8% |
| 2022 | −62.2% |
| 2021 | −19.5% |
| 2020 | +116.5% |
| 2019 | +28.6% |
| 2018 | +14.2% |
| 2017 | +86.5% |
| 2016 | +9.0% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.