Historical month-by-month and year-by-year returns
Based on 22 calendar years of monthly closes, starting 2004.
| Month | Average | Median | % Positive | Best | Worst |
|---|---|---|---|---|---|
| January | +38.1% | +0.6% | 60% | +758.4% | −3.3% |
| February | +0.1% | 0.0% | 50% | +3.9% | −4.0% |
| March | −0.5% | −0.8% | 37% | +3.2% | −3.6% |
| April | 0.0% | 0.0% | 50% | +4.4% | −7.5% |
| May | +0.4% | +0.8% | 68% | +2.9% | −2.7% |
| June | +0.4% | +0.6% | 73% | +2.5% | −4.6% |
| July | +0.3% | +0.3% | 64% | +3.7% | −2.5% |
| August | +0.1% | −0.3% | 45% | +5.1% | −2.9% |
| September | −0.1% | −0.1% | 48% | +2.1% | −2.6% |
| October | — | — | — | — | — |
| November | −0.3% | −0.2% | 45% | +2.1% | −3.7% |
| December | −4.7% | −0.4% | 30% | +3.8% | −87.8% |
| Year | Return |
|---|---|
| 2025 | −4.6% |
| 2024 | +6.8% |
| 2023 | +0.1% |
| 2022 | +10.8% |
| 2021 | −1.5% |
| 2020 | −6.7% |
| 2019 | −1.6% |
| 2018 | +3.0% |
| 2017 | −8.6% |
| 2016 | +1.4% |
| 2015 | +771.6% |
| 2014 | −87.8% |
| 2013 | +3.4% |
| 2012 | −4.1% |
| 2011 | +4.2% |
| 2010 | −9.1% |
| 2009 | −2.7% |
| 2008 | +1.3% |
| 2007 | −0.5% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.