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 | +2.3% | +2.2% | 72% | +13.8% | −6.4% |
| February | +0.8% | +0.4% | 52% | +13.9% | −20.1% |
| March | +1.9% | +0.3% | 55% | +20.6% | −8.4% |
| April | +0.8% | +0.4% | 52% | +14.1% | −9.7% |
| May | −0.3% | +0.4% | 55% | +32.1% | −20.3% |
| June | +0.3% | −0.6% | 48% | +17.0% | −14.3% |
| July | −1.1% | 0.0% | 50% | +16.7% | −21.8% |
| August | 0.0% | −0.3% | 48% | +17.4% | −10.1% |
| September | −0.1% | −0.6% | 48% | +12.2% | −24.6% |
| October | +1.1% | +1.4% | 62% | +14.2% | −18.2% |
| November | +1.8% | +0.1% | 52% | +27.4% | −8.1% |
| December | −0.2% | +0.3% | 52% | +12.3% | −22.6% |
| Year | Return |
|---|---|
| 2025 | +26.7% |
| 2024 | +16.6% |
| 2023 | −14.3% |
| 2022 | −3.1% |
| 2021 | −3.5% |
| 2020 | +17.0% |
| 2019 | +15.2% |
| 2018 | −25.7% |
| 2017 | +10.2% |
| 2016 | +15.4% |
| 2015 | −14.7% |
| 2014 | +57.9% |
| 2013 | −14.8% |
| 2012 | +4.0% |
| 2011 | −17.8% |
| 2010 | −6.6% |
| 2009 | +50.2% |
| 2008 | −54.6% |
| 2007 | +57.3% |
| 2006 | +121.5% |
| 2005 | +5.6% |
| 2004 | −25.1% |
| 2003 | +6.1% |
| 2002 | +0.5% |
| 2001 | −27.8% |
| 2000 | +34.6% |
| 1999 | +35.3% |
| 1998 | −7.2% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.