Historical month-by-month and year-by-year returns
Based on 35 calendar years of monthly closes, starting 1992.
| Month | Average | Median | % Positive | Best | Worst |
|---|---|---|---|---|---|
| January | +0.3% | +0.4% | 59% | +7.2% | −8.8% |
| February | 0.0% | +1.2% | 63% | +8.1% | −11.7% |
| March | +0.5% | +1.1% | 63% | +7.8% | −13.7% |
| April | +2.2% | +1.8% | 74% | +11.1% | −5.0% |
| May | +0.5% | +1.0% | 66% | +4.6% | −7.9% |
| June | −0.1% | −0.1% | 49% | +7.2% | −10.2% |
| July | +1.6% | +1.0% | 77% | +8.6% | −5.5% |
| August | −0.4% | +0.5% | 56% | +7.6% | −15.1% |
| September | −0.7% | +0.1% | 50% | +7.7% | −12.4% |
| October | +1.8% | +2.3% | 65% | +14.0% | −14.1% |
| November | +2.7% | +3.0% | 76% | +11.8% | −5.3% |
| December | +1.0% | +1.3% | 68% | +6.9% | −8.7% |
| Year | Return |
|---|---|
| 2025 | +13.0% |
| 2024 | +12.9% |
| 2023 | +13.7% |
| 2022 | −8.8% |
| 2021 | +18.7% |
| 2020 | +7.2% |
| 2019 | +22.3% |
| 2018 | −5.6% |
| 2017 | +25.1% |
| 2016 | +13.4% |
| 2015 | −2.2% |
| 2014 | +7.5% |
| 2013 | +26.5% |
| 2012 | +7.3% |
| 2011 | +5.5% |
| 2010 | +11.0% |
| 2009 | +18.8% |
| 2008 | −33.8% |
| 2007 | +6.4% |
| 2006 | +16.3% |
| 2005 | −0.6% |
| 2004 | +3.1% |
| 2003 | +25.3% |
| 2002 | −16.8% |
| 2001 | −7.1% |
| 2000 | −6.2% |
| 1999 | +25.2% |
| 1998 | +16.1% |
| 1997 | +22.6% |
| 1996 | +26.0% |
| 1995 | +33.5% |
| 1994 | +2.1% |
| 1993 | +13.7% |
| 1992 | +2.4% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.