Historical month-by-month and year-by-year returns
Based on 30 calendar years of monthly closes, starting 1997.
| Month | Average | Median | % Positive | Best | Worst |
|---|---|---|---|---|---|
| January | +2.1% | +2.6% | 66% | +13.8% | −11.6% |
| February | +0.8% | +0.8% | 66% | +14.3% | −14.0% |
| March | +0.9% | −0.1% | 48% | +22.7% | −10.5% |
| April | +1.0% | +1.3% | 52% | +15.0% | −7.9% |
| May | +0.1% | −0.1% | 48% | +15.7% | −12.7% |
| June | −0.4% | +0.3% | 52% | +10.0% | −13.5% |
| July | −0.5% | +0.2% | 53% | +11.3% | −14.4% |
| August | −2.3% | −0.5% | 45% | +10.0% | −19.3% |
| September | −0.1% | +1.3% | 66% | +9.3% | −16.0% |
| October | +1.4% | +1.0% | 59% | +14.9% | −11.6% |
| November | +2.7% | +2.9% | 79% | +25.0% | −10.6% |
| December | +2.1% | +1.9% | 55% | +25.1% | −11.6% |
| Year | Return |
|---|---|
| 2025 | +36.3% |
| 2024 | +31.5% |
| 2023 | +17.2% |
| 2022 | −13.6% |
| 2021 | +16.8% |
| 2020 | +31.7% |
| 2019 | +15.7% |
| 2018 | −10.6% |
| 2017 | +17.5% |
| 2016 | +16.9% |
| 2015 | −13.7% |
| 2014 | +10.6% |
| 2013 | +7.8% |
| 2012 | +4.4% |
| 2011 | −17.8% |
| 2010 | +19.7% |
| 2009 | +79.9% |
| 2008 | −43.5% |
| 2007 | −2.3% |
| 2006 | +17.9% |
| 2005 | +9.0% |
| 2004 | −6.0% |
| 2003 | +27.1% |
| 2002 | −14.6% |
| 2001 | −1.1% |
| 2000 | −39.1% |
| 1999 | +62.5% |
| 1998 | −25.8% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.