Historical month-by-month and year-by-year returns
Based on 20 calendar years of monthly closes, starting 2007.
| Month | Average | Median | % Positive | Best | Worst |
|---|---|---|---|---|---|
| January | −0.7% | +1.0% | 63% | +12.0% | −26.2% |
| February | +3.9% | +3.7% | 63% | +16.5% | −12.3% |
| March | +3.0% | +3.2% | 63% | +17.8% | −12.4% |
| April | +0.8% | +2.6% | 63% | +15.5% | −19.1% |
| May | +4.8% | +6.5% | 70% | +27.1% | −12.3% |
| June | −2.7% | −1.0% | 45% | +15.8% | −22.3% |
| July | +3.7% | +2.3% | 65% | +44.8% | −11.0% |
| August | −2.7% | −0.1% | 43% | +11.1% | −32.8% |
| September | +0.7% | +0.5% | 53% | +20.3% | −22.0% |
| October | −3.3% | −2.3% | 37% | +13.0% | −33.4% |
| November | +1.5% | 0.0% | 47% | +21.3% | −24.0% |
| December | +3.4% | +3.6% | 63% | +29.3% | −10.6% |
| Year | Return |
|---|---|
| 2025 | −8.0% |
| 2024 | +37.7% |
| 2023 | +14.5% |
| 2022 | +20.7% |
| 2021 | −14.0% |
| 2020 | +72.0% |
| 2019 | +23.3% |
| 2018 | +0.2% |
| 2017 | +10.4% |
| 2016 | +47.0% |
| 2015 | +45.2% |
| 2014 | −19.9% |
| 2013 | +69.2% |
| 2012 | +14.5% |
| 2011 | −31.3% |
| 2010 | +65.5% |
| 2009 | −48.6% |
| 2008 | −23.7% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.