Historical month-by-month and year-by-year returns
Based on 28 calendar years of monthly closes, starting 1999.
| Month | Average | Median | % Positive | Best | Worst |
|---|---|---|---|---|---|
| January | −3.0% | −3.6% | 37% | +8.1% | −23.0% |
| February | −0.6% | +1.7% | 56% | +9.2% | −18.0% |
| March | +2.4% | +1.7% | 74% | +19.5% | −15.2% |
| April | +1.0% | +0.5% | 59% | +19.9% | −16.1% |
| May | −1.0% | −0.6% | 48% | +5.5% | −12.5% |
| June | +0.3% | +0.7% | 56% | +11.5% | −13.4% |
| July | +1.7% | +0.4% | 52% | +28.4% | −16.3% |
| August | −0.3% | −0.5% | 43% | +14.6% | −9.5% |
| September | −0.8% | +0.6% | 54% | +6.8% | −17.0% |
| October | +1.8% | +1.7% | 54% | +17.2% | −16.1% |
| November | +4.1% | +4.2% | 77% | +13.1% | −7.1% |
| December | −1.2% | −1.1% | 41% | +8.1% | −15.4% |
| Year | Return |
|---|---|
| 2025 | −21.3% |
| 2024 | −19.8% |
| 2023 | −9.6% |
| 2022 | −18.9% |
| 2021 | +27.3% |
| 2020 | +43.9% |
| 2019 | +20.0% |
| 2018 | −18.1% |
| 2017 | +3.9% |
| 2016 | +19.1% |
| 2015 | −13.4% |
| 2014 | +5.8% |
| 2013 | +42.5% |
| 2012 | +0.7% |
| 2011 | +0.8% |
| 2010 | +26.5% |
| 2009 | +4.0% |
| 2008 | −22.0% |
| 2007 | −5.7% |
| 2006 | −0.2% |
| 2005 | −12.1% |
| 2004 | +14.6% |
| 2003 | +18.2% |
| 2002 | +15.7% |
| 2001 | −7.2% |
| 2000 | −14.9% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.