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 | +1.1% | +0.6% | 63% | +9.2% | −6.7% |
| February | +0.9% | +0.6% | 62% | +7.6% | −13.3% |
| March | +0.5% | +0.7% | 57% | +7.4% | −17.7% |
| April | +1.0% | +1.2% | 62% | +10.5% | −8.2% |
| May | +1.3% | +1.7% | 62% | +11.2% | −6.3% |
| June | −0.3% | 0.0% | 50% | +10.2% | −9.0% |
| July | +1.2% | +1.4% | 71% | +7.8% | −7.6% |
| August | 0.0% | +0.4% | 58% | +8.1% | −20.2% |
| September | −1.3% | −1.2% | 41% | +6.5% | −14.7% |
| October | +0.1% | +1.1% | 63% | +10.6% | −22.6% |
| November | +1.4% | +1.1% | 66% | +10.3% | −8.5% |
| December | +1.4% | +1.5% | 80% | +11.8% | −5.8% |
| Year | Return |
|---|---|
| 2025 | +28.2% |
| 2024 | +18.0% |
| 2023 | +8.1% |
| 2022 | −8.7% |
| 2021 | +21.7% |
| 2020 | +2.2% |
| 2019 | +19.1% |
| 2018 | −11.6% |
| 2017 | +6.0% |
| 2016 | +17.5% |
| 2015 | −11.1% |
| 2014 | +7.4% |
| 2013 | +9.6% |
| 2012 | +4.0% |
| 2011 | −11.1% |
| 2010 | +14.4% |
| 2009 | +30.7% |
| 2008 | −35.0% |
| 2007 | +7.2% |
| 2006 | +14.5% |
| 2005 | +21.9% |
| 2004 | +12.5% |
| 2003 | +24.3% |
| 2002 | −14.0% |
| 2001 | −13.9% |
| 2000 | +6.2% |
| 1999 | +29.7% |
| 1998 | −3.2% |
| 1997 | +13.0% |
| 1996 | +25.7% |
| 1995 | +11.9% |
| 1994 | −2.5% |
| 1993 | +29.0% |
| 1992 | −4.6% |
| 1991 | +7.8% |
| 1990 | −18.0% |
| 1989 | +17.1% |
| 1988 | +7.3% |
| 1987 | +3.1% |
| 1986 | +5.7% |
| 1985 | +11.8% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.