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 | +2.1% | +2.0% | 71% | +14.3% | −9.9% |
| February | +0.6% | +0.8% | 52% | +19.2% | −22.4% |
| March | +0.6% | +1.3% | 64% | +10.9% | −14.5% |
| April | +1.4% | +1.0% | 64% | +15.4% | −15.6% |
| May | +1.9% | +3.2% | 67% | +11.1% | −11.9% |
| June | +1.1% | +1.1% | 57% | +16.6% | −9.4% |
| July | +1.2% | +1.9% | 62% | +12.3% | −9.2% |
| August | +0.3% | +1.5% | 58% | +11.7% | −19.9% |
| September | −0.8% | +0.2% | 54% | +13.0% | −17.0% |
| October | +1.0% | +3.1% | 59% | +13.5% | −27.2% |
| November | +2.2% | +2.2% | 71% | +14.2% | −22.9% |
| December | +1.7% | +0.7% | 61% | +22.0% | −9.7% |
| Year | Return |
|---|---|
| 2025 | +20.4% |
| 2024 | +28.6% |
| 2023 | +43.4% |
| 2022 | −33.1% |
| 2021 | +21.4% |
| 2020 | +43.6% |
| 2019 | +35.2% |
| 2018 | −3.9% |
| 2017 | +28.2% |
| 2016 | +7.5% |
| 2015 | +5.7% |
| 2014 | +13.4% |
| 2013 | +38.3% |
| 2012 | +15.9% |
| 2011 | −1.8% |
| 2010 | +16.9% |
| 2009 | +43.9% |
| 2008 | −40.5% |
| 2007 | +9.8% |
| 2006 | +9.5% |
| 2005 | +1.4% |
| 2004 | +8.6% |
| 2003 | +50.0% |
| 2002 | −31.5% |
| 2001 | −21.1% |
| 2000 | −39.3% |
| 1999 | +85.6% |
| 1998 | +39.6% |
| 1997 | +21.6% |
| 1996 | +22.7% |
| 1995 | +39.9% |
| 1994 | −3.2% |
| 1993 | +14.7% |
| 1992 | +15.5% |
| 1991 | +56.9% |
| 1990 | −17.8% |
| 1989 | +19.2% |
| 1988 | +15.4% |
| 1987 | −5.2% |
| 1986 | +7.4% |
| 1985 | +16.6% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.