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 | +1.0% | +1.6% | 63% | +13.2% | −8.6% |
| February | +0.3% | +0.9% | 60% | +7.1% | −11.0% |
| March | +0.9% | +1.5% | 62% | +9.7% | −12.5% |
| April | +1.6% | +1.0% | 69% | +12.7% | −8.8% |
| May | +1.5% | +1.4% | 79% | +9.2% | −8.2% |
| June | +0.4% | +0.4% | 62% | +6.9% | −8.6% |
| July | +1.4% | +1.5% | 60% | +9.1% | −7.9% |
| August | −0.2% | +0.5% | 56% | +7.1% | −14.6% |
| September | −0.9% | −0.7% | 46% | +8.8% | −11.0% |
| October | +1.0% | +1.9% | 63% | +10.8% | −21.8% |
| November | +1.9% | +2.5% | 73% | +10.8% | −8.5% |
| December | +1.4% | +1.3% | 73% | +11.2% | −9.2% |
| Year | Return |
|---|---|
| 2025 | +16.4% |
| 2024 | +23.3% |
| 2023 | +24.2% |
| 2022 | −19.4% |
| 2021 | +26.9% |
| 2020 | +16.3% |
| 2019 | +28.9% |
| 2018 | −6.2% |
| 2017 | +19.4% |
| 2016 | +9.5% |
| 2015 | −0.7% |
| 2014 | +11.4% |
| 2013 | +29.6% |
| 2012 | +13.4% |
| 2011 | 0.0% |
| 2010 | +12.8% |
| 2009 | +23.5% |
| 2008 | −38.5% |
| 2007 | +3.5% |
| 2006 | +13.6% |
| 2005 | +3.0% |
| 2004 | +9.0% |
| 2003 | +26.4% |
| 2002 | −23.4% |
| 2001 | −13.0% |
| 2000 | −10.1% |
| 1999 | +19.5% |
| 1998 | +26.7% |
| 1997 | +31.0% |
| 1996 | +20.3% |
| 1995 | +34.1% |
| 1994 | −1.5% |
| 1993 | +7.1% |
| 1992 | +4.5% |
| 1991 | +26.3% |
| 1990 | −6.6% |
| 1989 | +27.3% |
| 1988 | +12.4% |
| 1987 | +2.0% |
| 1986 | +14.6% |
| 1985 | +17.6% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.