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Vanguard FTSE Emerging Markets ETF Seasonality

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

Based on 22 calendar years of monthly closes, starting 2005.

By Month

MonthAverageMedian% PositiveBestWorst
January+0.6%+0.1%57%+11.6%9.0%
February0.0%0.2%48%+5.4%6.7%
March+0.9%+1.2%57%+12.5%17.2%
April+2.8%+1.7%68%+17.4%5.8%
May0.5%+0.7%55%+17.9%11.3%
June+0.4%+0.5%55%+6.0%9.8%
July+2.0%+1.3%68%+10.9%6.3%
August1.1%0.0%48%+3.8%9.9%
September0.4%0.3%48%+11.4%18.4%
October+0.4%+1.3%62%+15.9%27.3%
November+1.0%0.9%43%+14.3%8.6%
December+0.3%+0.5%52%+6.0%6.4%

By Calendar Year

YearReturn
2025+22.1%
2024+7.2%
2023+5.4%
202221.2%
20211.3%
2020+12.7%
2019+16.7%
201817.0%
2017+28.3%
2016+9.4%
201518.3%
20142.7%
20137.6%
2012+16.5%
201120.6%
2010+17.4%
2009+73.9%
200854.8%
2007+34.8%
2006+27.1%

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