Historical month-by-month and year-by-year returns
Based on 17 calendar years of monthly closes, starting 2010.
| Month | Average | Median | % Positive | Best | Worst |
|---|---|---|---|---|---|
| January | −6.3% | −7.6% | 25% | +25.9% | −27.1% |
| February | −3.7% | −1.8% | 38% | +14.9% | −19.4% |
| March | −5.6% | −8.9% | 29% | +22.1% | −25.0% |
| April | −6.0% | −7.3% | 24% | +45.6% | −40.5% |
| May | −6.2% | −11.1% | 29% | +27.7% | −26.3% |
| June | −4.3% | −4.6% | 41% | +24.4% | −20.9% |
| July | −9.9% | −8.8% | 12% | +20.4% | −32.3% |
| August | −3.0% | −3.0% | 44% | +17.8% | −28.0% |
| September | +0.7% | +0.3% | 56% | +35.1% | −32.1% |
| October | −7.3% | −12.8% | 38% | +24.6% | −29.0% |
| November | −8.9% | −6.5% | 13% | +4.0% | −29.3% |
| December | −1.1% | −3.0% | 38% | +30.5% | −16.0% |
| Year | Return |
|---|---|
| 2025 | −56.0% |
| 2024 | −53.7% |
| 2023 | −75.1% |
| 2022 | +81.9% |
| 2021 | −60.9% |
| 2020 | −86.4% |
| 2019 | −66.6% |
| 2018 | −22.1% |
| 2017 | −58.7% |
| 2016 | −30.1% |
| 2015 | −37.5% |
| 2014 | −48.0% |
| 2013 | −64.6% |
| 2012 | −48.5% |
| 2011 | −36.9% |
| 2010 | −56.1% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.