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Vanguard FTSE Developed Markets ETF Seasonality

Historical month-by-month and year-by-year returns

Based on 20 calendar years of monthly closes, starting 2007.

By Month

MonthAverageMedian% PositiveBestWorst
January+0.1%+0.7%53%+9.0%14.0%
February+0.2%+1.1%58%+6.2%10.1%
March+0.1%+0.3%63%+8.3%15.5%
April+2.7%+2.8%79%+11.8%6.8%
May+0.3%+1.2%53%+13.1%11.5%
June1.2%1.7%26%+7.0%10.3%
July+2.1%+2.3%68%+11.7%3.5%
August0.6%0.1%48%+5.2%8.6%
September0.9%+0.6%58%+9.7%11.6%
October0.1%+1.8%58%+9.8%20.6%
November+1.2%+0.5%58%+14.3%6.6%
December0.0%+1.4%58%+5.8%6.7%

By Calendar Year

YearReturn
2025+30.6%
20240.2%
2023+14.1%
202217.8%
2021+8.2%
2020+7.1%
2019+18.8%
201817.3%
2017+22.8%
20160.5%
20153.1%
20149.1%
2013+18.3%
2012+15.0%
201115.3%
2010+5.7%
2009+24.5%
200842.7%

These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.