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 | 0.0% | −0.1% | 49% | +26.7% | −22.8% |
| February | +0.9% | 0.0% | 50% | +33.6% | −25.9% |
| March | +0.9% | +1.0% | 60% | +26.5% | −38.1% |
| April | +1.5% | +0.6% | 55% | +24.1% | −13.6% |
| May | −0.5% | +0.7% | 52% | +29.2% | −17.4% |
| June | −0.8% | −1.1% | 40% | +14.5% | −18.9% |
| July | −1.1% | −0.5% | 43% | +26.8% | −17.9% |
| August | −1.6% | −2.7% | 37% | +29.3% | −25.5% |
| September | +0.6% | −0.5% | 46% | +21.4% | −13.3% |
| October | +2.1% | +1.8% | 54% | +27.0% | −7.8% |
| November | −0.6% | −1.3% | 44% | +29.1% | −25.5% |
| December | +0.5% | −0.2% | 49% | +20.1% | −24.1% |
| Year | Return |
|---|---|
| 2025 | −9.0% |
| 2024 | +18.3% |
| 2023 | −0.3% |
| 2022 | +156.5% |
| 2021 | +64.9% |
| 2020 | −52.2% |
| 2019 | −28.6% |
| 2018 | +11.7% |
| 2017 | −1.7% |
| 2016 | +7.8% |
| 2015 | +4.6% |
| 2014 | −28.3% |
| 2013 | +72.3% |
| 2012 | −6.1% |
| 2011 | −43.4% |
| 2010 | −14.0% |
| 2009 | +71.3% |
| 2008 | −44.4% |
| 2007 | −14.3% |
| 2006 | +7.2% |
| 2005 | +4.2% |
| 2004 | −1.0% |
| 2003 | +11.5% |
| 2002 | −24.1% |
| 2001 | −1.5% |
| 2000 | −20.6% |
| 1999 | +38.7% |
| 1998 | −19.2% |
| 1997 | −10.4% |
| 1996 | +14.9% |
| 1995 | −28.8% |
| 1994 | +35.3% |
| 1993 | −13.7% |
| 1992 | −0.1% |
| 1991 | −17.0% |
| 1990 | +1.9% |
| 1989 | −13.2% |
| 1988 | +3.5% |
| 1987 | +22.1% |
| 1986 | −19.7% |
| 1985 | −19.4% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.