Historical month-by-month and year-by-year returns
Based on 37 calendar years of monthly closes, starting 1990.
| Month | Average | Median | % Positive | Best | Worst |
|---|---|---|---|---|---|
| January | +2.5% | −0.6% | 50% | +45.5% | −34.8% |
| February | +6.2% | +1.5% | 54% | +112.9% | −36.4% |
| March | −1.1% | −3.3% | 38% | +37.5% | −32.1% |
| April | −2.8% | −4.0% | 38% | +62.5% | −36.2% |
| May | −1.5% | −8.2% | 32% | +45.4% | −24.8% |
| June | −0.4% | −3.7% | 49% | +34.3% | −29.0% |
| July | +4.7% | +0.3% | 51% | +52.8% | −33.5% |
| August | +7.4% | +0.7% | 55% | +134.6% | −28.7% |
| September | +8.1% | +1.9% | 50% | +90.8% | −23.0% |
| October | +4.5% | +3.4% | 58% | +75.2% | −38.5% |
| November | −5.6% | −7.2% | 31% | +67.2% | −45.9% |
| December | +1.2% | +0.1% | 53% | +44.0% | −36.7% |
| Year | Return |
|---|---|
| 2025 | −13.8% |
| 2024 | +39.4% |
| 2023 | −42.5% |
| 2022 | +25.8% |
| 2021 | −24.3% |
| 2020 | +65.1% |
| 2019 | −45.8% |
| 2018 | +130.3% |
| 2017 | −21.4% |
| 2016 | −22.9% |
| 2015 | −5.2% |
| 2014 | +39.9% |
| 2013 | −23.9% |
| 2012 | −23.0% |
| 2011 | +31.8% |
| 2010 | −18.1% |
| 2009 | −45.8% |
| 2008 | +77.8% |
| 2007 | +94.6% |
| 2006 | −4.2% |
| 2005 | −9.2% |
| 2004 | −27.4% |
| 2003 | −36.0% |
| 2002 | +20.3% |
| 2001 | −11.4% |
| 2000 | +9.0% |
| 1999 | +0.9% |
| 1998 | +1.7% |
| 1997 | +14.8% |
| 1996 | +67.1% |
| 1995 | −5.2% |
| 1994 | +13.2% |
| 1993 | −7.2% |
| 1992 | −34.9% |
| 1991 | −26.8% |
| 1990 | +4.0% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.