Historical month-by-month and year-by-year returns
Based on 41 calendar years of monthly closes, starting 1986.
| Month | Average | Median | % Positive | Best | Worst |
|---|---|---|---|---|---|
| January | +0.7% | −1.4% | 48% | +36.0% | −45.2% |
| February | +4.1% | +2.4% | 57% | +85.2% | −33.5% |
| March | +6.7% | +5.6% | 68% | +51.6% | −17.1% |
| April | +6.6% | +3.2% | 68% | +40.6% | −13.7% |
| May | +1.3% | +3.1% | 60% | +18.2% | −27.0% |
| June | −0.7% | −0.1% | 48% | +24.9% | −27.6% |
| July | −0.8% | +1.3% | 57% | +23.7% | −23.9% |
| August | +0.1% | +1.3% | 54% | +18.6% | −28.8% |
| September | +0.8% | +1.5% | 55% | +32.1% | −29.7% |
| October | +5.3% | +6.0% | 68% | +35.5% | −41.6% |
| November | +3.4% | +4.3% | 68% | +24.9% | −16.7% |
| December | +1.2% | +0.8% | 53% | +36.5% | −16.0% |
| Year | Return |
|---|---|
| 2025 | −21.3% |
| 2024 | −25.5% |
| 2023 | +77.3% |
| 2022 | −40.7% |
| 2021 | +13.4% |
| 2020 | +51.6% |
| 2019 | +45.8% |
| 2018 | +29.1% |
| 2017 | +70.2% |
| 2016 | +9.6% |
| 2015 | +29.2% |
| 2014 | +21.4% |
| 2013 | +58.9% |
| 2012 | +33.3% |
| 2011 | −8.2% |
| 2010 | −16.3% |
| 2009 | +72.8% |
| 2008 | −50.2% |
| 2007 | +3.9% |
| 2006 | +11.3% |
| 2005 | +17.8% |
| 2004 | +60.5% |
| 2003 | +57.6% |
| 2002 | −20.1% |
| 2001 | −46.6% |
| 2000 | +73.0% |
| 1999 | +187.7% |
| 1998 | +13.3% |
| 1997 | +10.4% |
| 1996 | −39.7% |
| 1995 | +108.4% |
| 1994 | +33.7% |
| 1993 | +41.3% |
| 1992 | −51.9% |
| 1991 | +124.9% |
| 1990 | +43.8% |
| 1989 | −17.3% |
| 1988 | +66.1% |
| 1987 | +131.4% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.