Historical month-by-month and year-by-year returns
Based on 37 calendar years of monthly closes, starting 1990.
| Month | Average | Median | % Positive | Best | Worst |
|---|---|---|---|---|---|
| January | +1.3% | +2.2% | 58% | +11.9% | −10.5% |
| February | +0.5% | +1.3% | 64% | +13.2% | −17.2% |
| March | +2.1% | +2.8% | 70% | +12.8% | −6.2% |
| April | −0.5% | +0.1% | 54% | +5.3% | −8.1% |
| May | −1.1% | −1.1% | 43% | +10.6% | −11.6% |
| June | +0.9% | +1.3% | 59% | +9.7% | −12.4% |
| July | −1.3% | −1.2% | 35% | +6.6% | −14.0% |
| August | −1.8% | 0.0% | 51% | +8.6% | −17.5% |
| September | +1.8% | +2.0% | 72% | +13.4% | −13.5% |
| October | +1.5% | +1.4% | 61% | +20.1% | −7.3% |
| November | +1.3% | +1.6% | 67% | +11.5% | −7.9% |
| December | +1.0% | +1.9% | 58% | +9.4% | −13.3% |
| Year | Return |
|---|---|
| 2025 | +2.2% |
| 2024 | +3.8% |
| 2023 | +8.1% |
| 2022 | +1.2% |
| 2021 | +29.6% |
| 2020 | −7.0% |
| 2019 | +16.3% |
| 2018 | −8.9% |
| 2017 | +15.4% |
| 2016 | +7.5% |
| 2015 | −4.1% |
| 2014 | +10.5% |
| 2013 | +11.6% |
| 2012 | +13.2% |
| 2011 | −17.6% |
| 2010 | +7.1% |
| 2009 | +25.7% |
| 2008 | −38.9% |
| 2007 | −13.2% |
| 2006 | +13.3% |
| 2005 | +26.4% |
| 2004 | +7.6% |
| 2003 | +23.8% |
| 2002 | −34.2% |
| 2001 | −25.6% |
| 2000 | +6.0% |
| 1999 | +33.1% |
| 1998 | +34.0% |
| 1997 | +26.0% |
| 1996 | +24.5% |
| 1995 | +12.4% |
| 1994 | −23.0% |
| 1993 | +31.7% |
| 1992 | −5.5% |
| 1991 | +18.7% |
| 1990 | −19.9% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.