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 | +0.7% | +0.8% | 60% | +13.4% | −8.9% |
| February | +0.6% | +1.4% | 55% | +16.3% | −13.3% |
| March | +1.8% | +1.4% | 60% | +16.1% | −11.6% |
| April | +1.1% | +2.0% | 62% | +12.0% | −11.7% |
| May | +0.2% | +1.1% | 60% | +8.8% | −13.1% |
| June | −0.1% | −0.1% | 48% | +14.9% | −9.7% |
| July | −0.6% | −1.2% | 48% | +13.5% | −16.3% |
| August | −0.8% | −1.1% | 41% | +9.4% | −19.2% |
| September | +0.2% | +0.2% | 51% | +20.1% | −23.8% |
| October | +1.4% | +2.0% | 63% | +15.0% | −16.7% |
| November | +1.1% | +2.0% | 66% | +12.8% | −10.5% |
| December | +0.6% | +0.6% | 56% | +16.1% | −11.2% |
| Year | Return |
|---|---|
| 2025 | +34.7% |
| 2024 | +9.1% |
| 2023 | +32.8% |
| 2022 | +1.2% |
| 2021 | −2.4% |
| 2020 | +19.2% |
| 2019 | +11.7% |
| 2018 | −10.1% |
| 2017 | +21.3% |
| 2016 | +8.7% |
| 2015 | −0.9% |
| 2014 | +18.5% |
| 2013 | +33.9% |
| 2012 | +26.5% |
| 2011 | −14.0% |
| 2010 | +0.4% |
| 2009 | +27.6% |
| 2008 | −41.2% |
| 2007 | −21.8% |
| 2006 | +4.4% |
| 2005 | +46.2% |
| 2004 | +5.6% |
| 2003 | +29.3% |
| 2002 | −16.6% |
| 2001 | −27.8% |
| 2000 | −29.2% |
| 1999 | +34.8% |
| 1998 | −12.8% |
| 1997 | −9.3% |
| 1996 | −11.9% |
| 1995 | +11.6% |
| 1994 | −7.8% |
| 1993 | +18.8% |
| 1992 | −22.7% |
| 1991 | −5.5% |
| 1990 | −37.4% |
| 1989 | +17.8% |
| 1988 | +33.1% |
| 1987 | +18.5% |
| 1986 | +53.7% |
| 1985 | +8.6% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.