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 | −1.0% | −2.5% | 39% | +26.2% | −16.4% |
| February | +0.5% | +1.8% | 55% | +9.4% | −13.2% |
| March | +1.5% | +1.6% | 55% | +11.5% | −11.7% |
| April | +0.7% | −0.1% | 50% | +11.5% | −12.8% |
| May | +1.7% | +1.2% | 60% | +14.4% | −7.4% |
| June | −0.6% | −0.8% | 43% | +14.7% | −16.1% |
| July | +1.2% | +1.3% | 62% | +19.0% | −14.4% |
| August | +1.4% | +1.4% | 58% | +20.3% | −10.5% |
| September | +0.7% | +0.4% | 59% | +17.3% | −15.1% |
| October | +3.6% | +4.4% | 78% | +22.3% | −18.2% |
| November | +3.1% | +2.9% | 71% | +17.5% | −9.1% |
| December | +1.2% | +0.8% | 59% | +23.0% | −11.1% |
| Year | Return |
|---|---|
| 2025 | −12.1% |
| 2024 | +25.7% |
| 2023 | −2.5% |
| 2022 | −3.1% |
| 2021 | +39.9% |
| 2020 | +3.3% |
| 2019 | +30.0% |
| 2018 | +11.9% |
| 2017 | +14.0% |
| 2016 | +21.3% |
| 2015 | +1.6% |
| 2014 | +17.5% |
| 2013 | +41.9% |
| 2012 | +5.4% |
| 2011 | +16.7% |
| 2010 | +8.1% |
| 2009 | +8.8% |
| 2008 | −11.7% |
| 2007 | +0.1% |
| 2006 | +7.3% |
| 2005 | +3.5% |
| 2004 | +12.0% |
| 2003 | +0.9% |
| 2002 | −33.4% |
| 2001 | −7.0% |
| 2000 | +17.5% |
| 1999 | +34.4% |
| 1998 | +30.7% |
| 1997 | +43.1% |
| 1996 | +15.5% |
| 1995 | +26.9% |
| 1994 | +5.9% |
| 1993 | +4.0% |
| 1992 | +16.8% |
| 1991 | +69.7% |
| 1990 | +9.4% |
| 1989 | +26.5% |
| 1988 | −13.6% |
| 1987 | +27.3% |
| 1986 | +19.5% |
| 1985 | +33.7% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.