Historical month-by-month and year-by-year returns
Based on 11 calendar years of monthly closes, starting 2016.
| Month | Average | Median | % Positive | Best | Worst |
|---|---|---|---|---|---|
| January | +4.4% | +10.6% | 64% | +26.0% | −31.0% |
| February | −3.3% | +0.6% | 55% | +14.4% | −36.4% |
| March | −3.8% | −3.9% | 36% | +5.8% | −25.3% |
| April | −0.5% | +0.5% | 55% | +15.1% | −23.5% |
| May | +7.9% | +3.7% | 55% | +56.9% | −21.1% |
| June | +0.3% | −1.6% | 45% | +14.8% | −27.7% |
| July | +9.9% | +8.4% | 73% | +29.9% | −5.6% |
| August | +12.2% | +5.3% | 58% | +88.5% | −7.3% |
| September | −2.9% | −2.7% | 30% | +6.8% | −15.0% |
| October | +3.6% | +0.9% | 50% | +37.6% | −21.0% |
| November | +1.4% | +3.1% | 60% | +39.8% | −35.1% |
| December | +1.3% | −0.4% | 50% | +24.6% | −11.3% |
| Year | Return |
|---|---|
| 2025 | −33.4% |
| 2024 | +2.3% |
| 2023 | +84.8% |
| 2022 | −66.3% |
| 2021 | +63.0% |
| 2020 | +94.3% |
| 2019 | +35.2% |
| 2018 | +95.5% |
| 2017 | +89.0% |
| 2016 | −19.9% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.