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 | +0.3% | +0.3% | 54% | +19.2% | −15.7% |
| February | +1.2% | +2.3% | 60% | +10.8% | −14.6% |
| March | +0.6% | 0.0% | 50% | +22.1% | −11.8% |
| April | +1.4% | +0.6% | 57% | +16.7% | −12.3% |
| May | +1.7% | +1.6% | 67% | +12.2% | −12.0% |
| June | +0.7% | +0.8% | 57% | +16.2% | −20.7% |
| July | +1.9% | +1.7% | 64% | +16.5% | −10.3% |
| August | −0.1% | +0.5% | 58% | +8.8% | −10.7% |
| September | +0.5% | +0.7% | 56% | +12.8% | −15.6% |
| October | +1.2% | +1.9% | 61% | +11.4% | −15.7% |
| November | +2.0% | +3.1% | 71% | +10.3% | −13.3% |
| December | +1.6% | +1.3% | 68% | +19.5% | −12.0% |
| Year | Return |
|---|---|
| 2025 | +10.8% |
| 2024 | +2.8% |
| 2023 | +0.3% |
| 2022 | −22.0% |
| 2021 | +28.5% |
| 2020 | +26.1% |
| 2019 | +20.1% |
| 2018 | +26.7% |
| 2017 | +48.6% |
| 2016 | −14.5% |
| 2015 | −0.2% |
| 2014 | +17.5% |
| 2013 | +22.0% |
| 2012 | +16.5% |
| 2011 | +17.4% |
| 2010 | −11.3% |
| 2009 | +1.2% |
| 2008 | −5.0% |
| 2007 | +15.3% |
| 2006 | +23.5% |
| 2005 | −15.5% |
| 2004 | +7.0% |
| 2003 | +16.5% |
| 2002 | −28.3% |
| 2001 | +15.1% |
| 2000 | +33.4% |
| 1999 | −25.9% |
| 1998 | +49.6% |
| 1997 | +29.1% |
| 1996 | +21.9% |
| 1995 | +27.6% |
| 1994 | +10.1% |
| 1993 | −2.5% |
| 1992 | −11.8% |
| 1991 | +53.1% |
| 1990 | +32.4% |
| 1989 | +41.3% |
| 1988 | −0.3% |
| 1987 | +5.8% |
| 1986 | +33.5% |
| 1985 | +44.7% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.