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 | +3.7% | +1.0% | 59% | +45.4% | −31.7% |
| February | +1.7% | +2.0% | 52% | +29.0% | −15.6% |
| March | +3.1% | +1.4% | 55% | +20.9% | −13.7% |
| April | +2.8% | +0.6% | 57% | +28.0% | −19.1% |
| May | +2.1% | +2.8% | 55% | +26.2% | −32.3% |
| June | −0.8% | −0.1% | 50% | +24.7% | −30.2% |
| July | +4.2% | +3.9% | 67% | +27.1% | −29.7% |
| August | +5.0% | +4.1% | 60% | +30.9% | −11.9% |
| September | −2.6% | −1.7% | 37% | +22.2% | −57.7% |
| October | +5.1% | +6.0% | 71% | +35.2% | −31.6% |
| November | +2.8% | +3.4% | 59% | +28.0% | −18.4% |
| December | +0.4% | +2.2% | 59% | +28.2% | −26.1% |
| Year | Return |
|---|---|
| 2025 | +8.6% |
| 2024 | +30.1% |
| 2023 | +48.2% |
| 2022 | −26.8% |
| 2021 | +33.8% |
| 2020 | +80.7% |
| 2019 | +86.2% |
| 2018 | −6.8% |
| 2017 | +46.1% |
| 2016 | +10.0% |
| 2015 | −4.6% |
| 2014 | +37.7% |
| 2013 | +5.4% |
| 2012 | +31.4% |
| 2011 | +25.6% |
| 2010 | +53.1% |
| 2009 | +146.9% |
| 2008 | −56.9% |
| 2007 | +133.5% |
| 2006 | +18.0% |
| 2005 | +123.3% |
| 2004 | +201.4% |
| 2003 | +49.1% |
| 2002 | −34.6% |
| 2001 | +47.2% |
| 2000 | −71.1% |
| 1999 | +151.1% |
| 1998 | +211.9% |
| 1997 | −37.1% |
| 1996 | −34.5% |
| 1995 | −18.3% |
| 1994 | +33.3% |
| 1993 | −51.0% |
| 1992 | +6.0% |
| 1991 | +31.1% |
| 1990 | +22.0% |
| 1989 | −12.4% |
| 1988 | −4.2% |
| 1987 | +107.4% |
| 1986 | +84.1% |
| 1985 | −24.1% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.