Historical month-by-month and year-by-year returns
Based on 34 calendar years of monthly closes, starting 1993.
| Month | Average | Median | % Positive | Best | Worst |
|---|---|---|---|---|---|
| January | +5.1% | −1.6% | 48% | +97.2% | −10.8% |
| February | +2.2% | +0.7% | 58% | +42.3% | −15.8% |
| March | +2.3% | −0.1% | 48% | +43.8% | −29.9% |
| April | +3.0% | +2.4% | 64% | +28.0% | −12.8% |
| May | +2.0% | −1.2% | 44% | +44.8% | −15.7% |
| June | +3.2% | +0.4% | 56% | +53.9% | −13.4% |
| July | +2.8% | +3.2% | 71% | +22.2% | −12.4% |
| August | +1.9% | +1.2% | 60% | +47.0% | −39.6% |
| September | +2.0% | +2.9% | 70% | +52.1% | −17.2% |
| October | +1.3% | +1.8% | 64% | +25.8% | −24.8% |
| November | +4.7% | +2.0% | 61% | +48.6% | −10.6% |
| December | +3.6% | +2.9% | 67% | +37.0% | −21.4% |
| Year | Return |
|---|---|
| 2025 | +34.0% |
| 2024 | −10.4% |
| 2023 | +22.0% |
| 2022 | +5.0% |
| 2021 | −12.1% |
| 2020 | +3.2% |
| 2019 | +31.6% |
| 2018 | +15.0% |
| 2017 | +26.9% |
| 2016 | +38.9% |
| 2015 | −13.3% |
| 2014 | −2.9% |
| 2013 | −15.5% |
| 2012 | +7.4% |
| 2011 | −18.1% |
| 2010 | +1.0% |
| 2009 | +82.7% |
| 2008 | −41.2% |
| 2007 | +43.6% |
| 2006 | +32.9% |
| 2005 | +27.7% |
| 2004 | +17.8% |
| 2003 | +97.3% |
| 2002 | −17.0% |
| 2001 | −11.0% |
| 2000 | −10.7% |
| 1999 | +151.9% |
| 1998 | −33.5% |
| 1997 | +44.8% |
| 1996 | +63.8% |
| 1995 | −1.3% |
| 1994 | +1059.5% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.