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Technology Select Sector SPDR Seasonality

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

Based on 28 calendar years of monthly closes, starting 1999.

By Month

MonthAverageMedian% PositiveBestWorst
January+1.1%+0.9%50%+19.1%12.8%
February0.9%+0.2%54%+10.5%24.9%
March+1.1%+1.4%61%+10.6%11.5%
April+1.9%+1.5%64%+20.0%12.1%
May+2.2%+3.3%64%+19.8%10.4%
June+0.7%+0.3%50%+10.0%13.4%
July+1.3%+2.3%64%+13.5%9.5%
August+0.9%+1.2%59%+11.9%12.2%
September2.2%0.4%48%+11.3%18.0%
October+2.9%+4.0%67%+24.8%16.1%
November+2.7%+3.1%74%+15.9%20.5%
December0.1%+0.6%56%+15.4%13.5%

By Calendar Year

YearReturn
2025+23.8%
2024+20.8%
2023+54.7%
202228.4%
2021+33.7%
2020+41.8%
2019+47.9%
20183.1%
2017+32.2%
2016+12.9%
2015+3.6%
2014+15.7%
2013+23.9%
2012+13.4%
2011+1.0%
2010+9.9%
2009+48.8%
200842.2%
2007+14.6%
2006+11.3%
20051.0%
2004+3.6%
2003+37.7%
200238.3%
200123.4%
200041.9%
1999+65.1%

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