Historical month-by-month and year-by-year returns
Based on 42 calendar years of monthly closes, starting 1985.
| Month | Average | Median | % Positive | Best | Worst |
|---|---|---|---|---|---|
| January | +0.4% | +0.8% | 54% | +14.4% | −9.5% |
| February | +0.9% | +1.0% | 62% | +9.7% | −9.7% |
| March | +0.9% | +1.2% | 64% | +8.8% | −13.8% |
| April | +0.3% | +0.5% | 57% | +11.5% | −7.3% |
| May | −0.8% | −0.4% | 40% | +4.7% | −8.4% |
| June | +1.3% | +1.5% | 64% | +8.5% | −8.8% |
| July | −0.2% | +0.2% | 55% | +6.6% | −10.1% |
| August | −0.9% | −0.6% | 45% | +10.4% | −13.0% |
| September | +0.5% | +2.1% | 68% | +8.5% | −26.0% |
| October | — | — | — | — | — |
| November | +0.8% | +1.3% | 56% | +12.4% | −9.7% |
| December | +2.1% | +2.4% | 78% | +8.5% | −5.5% |
| Year | Return |
|---|---|
| 2025 | +21.5% |
| 2024 | +5.7% |
| 2023 | +3.8% |
| 2022 | +0.9% |
| 2021 | +14.3% |
| 2020 | −14.3% |
| 2019 | +12.1% |
| 2018 | −12.5% |
| 2017 | +7.6% |
| 2016 | +14.4% |
| 2015 | −4.9% |
| 2014 | −2.7% |
| 2013 | +14.4% |
| 2012 | +5.8% |
| 2011 | −5.6% |
| 2010 | +9.0% |
| 2009 | +22.1% |
| 2008 | −31.3% |
| 2007 | +3.8% |
| 2006 | +10.7% |
| 2005 | +16.7% |
| 2004 | +7.5% |
| 2003 | +13.6% |
| 2002 | −24.5% |
| 2001 | −16.2% |
| 2000 | −10.2% |
| 1999 | +17.8% |
| 1998 | +14.5% |
| 1997 | +24.7% |
| 1996 | +11.6% |
| 1995 | +20.3% |
| 1994 | −10.3% |
| 1993 | +20.1% |
| 1992 | +14.2% |
| 1991 | +16.3% |
| 1990 | −11.5% |
| 1989 | +35.1% |
| 1988 | +4.6% |
| 1987 | +2.1% |
| 1986 | +18.9% |
| 1985 | +10.3% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.