Historical month-by-month and year-by-year returns
Based on 40 calendar years of monthly closes, starting 1987.
| Month | Average | Median | % Positive | Best | Worst |
|---|---|---|---|---|---|
| January | +1.1% | +2.1% | 56% | +15.7% | −11.4% |
| February | +0.4% | +0.1% | 51% | +9.9% | −16.4% |
| March | +2.7% | +1.5% | 72% | +21.4% | −7.8% |
| April | +1.0% | +1.9% | 64% | +6.7% | −7.3% |
| May | 0.0% | −0.2% | 49% | +8.0% | −11.2% |
| June | +1.6% | +1.9% | 67% | +17.0% | −15.6% |
| July | −1.8% | −0.1% | 49% | +6.0% | −19.2% |
| August | −2.0% | −1.2% | 38% | +7.2% | −25.4% |
| September | +2.0% | +2.4% | 68% | +13.9% | −14.5% |
| October | +2.6% | +2.9% | 66% | +15.0% | −10.0% |
| November | +2.2% | +2.6% | 74% | +18.0% | −12.9% |
| December | +0.8% | +2.1% | 59% | +9.5% | −15.1% |
| Year | Return |
|---|---|
| 2025 | +12.9% |
| 2024 | +28.6% |
| 2023 | +11.7% |
| 2022 | −2.2% |
| 2021 | +15.2% |
| 2020 | +3.5% |
| 2019 | +16.2% |
| 2018 | −15.3% |
| 2017 | +14.3% |
| 2016 | +17.7% |
| 2015 | −8.4% |
| 2014 | +14.9% |
| 2013 | +19.7% |
| 2012 | +20.4% |
| 2011 | −8.7% |
| 2010 | +26.2% |
| 2009 | +29.3% |
| 2008 | −36.7% |
| 2007 | +0.9% |
| 2006 | +19.6% |
| 2005 | +33.4% |
| 2004 | +4.8% |
| 2003 | +47.7% |
| 2002 | −46.2% |
| 2001 | −24.8% |
| 2000 | −0.6% |
| 1999 | +32.0% |
| 1998 | +16.6% |
| 1997 | +46.2% |
| 1996 | +23.3% |
| 1995 | +21.6% |
| 1994 | −7.7% |
| 1993 | +39.3% |
| 1992 | −6.6% |
| 1991 | +18.6% |
| 1990 | −22.0% |
| 1989 | +37.5% |
| 1988 | +41.5% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.