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 | +1.7% | +0.3% | 51% | +22.4% | −21.8% |
| February | +4.7% | +4.8% | 67% | +68.2% | −40.4% |
| March | +1.0% | +0.7% | 55% | +21.5% | −17.8% |
| April | +2.6% | +0.2% | 50% | +30.5% | −30.2% |
| May | +3.2% | +3.5% | 69% | +18.9% | −36.6% |
| June | −1.5% | −2.6% | 36% | +30.6% | −18.9% |
| July | −0.6% | +0.4% | 52% | +18.4% | −18.9% |
| August | 0.0% | −1.5% | 42% | +50.1% | −34.6% |
| September | −1.6% | −1.4% | 37% | +14.2% | −31.7% |
| October | +0.7% | 0.0% | 49% | +36.0% | −31.2% |
| November | +3.5% | +3.9% | 66% | +23.6% | −27.4% |
| December | +5.3% | +3.1% | 71% | +61.7% | −22.2% |
| Year | Return |
|---|---|
| 2025 | +27.6% |
| 2024 | +7.0% |
| 2023 | +21.1% |
| 2022 | −6.7% |
| 2021 | +19.0% |
| 2020 | +24.3% |
| 2019 | +38.5% |
| 2018 | −3.6% |
| 2017 | +22.6% |
| 2016 | +31.3% |
| 2015 | −0.4% |
| 2014 | +9.0% |
| 2013 | +21.1% |
| 2012 | +17.6% |
| 2011 | −5.0% |
| 2010 | +19.3% |
| 2009 | +66.0% |
| 2008 | −40.0% |
| 2007 | −3.6% |
| 2006 | −8.4% |
| 2005 | −2.8% |
| 2004 | −19.1% |
| 2003 | +91.2% |
| 2002 | −46.2% |
| 2001 | −13.3% |
| 2000 | +10.1% |
| 1999 | +196.4% |
| 1998 | +13.3% |
| 1997 | +9.0% |
| 1996 | +43.6% |
| 1995 | +51.1% |
| 1994 | +42.6% |
| 1993 | +51.5% |
| 1992 | +71.1% |
| 1991 | +43.4% |
| 1990 | −32.1% |
| 1989 | −20.4% |
| 1988 | +8.9% |
| 1987 | −28.0% |
| 1986 | −21.0% |
| 1985 | −1.9% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.