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 | +0.7% | +2.7% | 59% | +36.9% | −23.2% |
| February | +4.8% | +3.4% | 63% | +46.2% | −24.4% |
| March | +2.1% | +1.8% | 68% | +34.9% | −19.8% |
| April | +1.9% | +4.0% | 61% | +21.5% | −26.4% |
| May | +1.3% | +1.5% | 51% | +24.3% | −26.6% |
| June | −0.1% | −1.0% | 49% | +22.9% | −17.9% |
| July | −0.7% | −1.1% | 43% | +25.8% | −37.7% |
| August | +4.4% | +3.8% | 70% | +30.1% | −28.6% |
| September | −0.2% | +0.1% | 51% | +15.3% | −16.4% |
| October | −0.9% | −0.2% | 46% | +25.0% | −36.5% |
| November | +7.2% | +6.3% | 68% | +56.3% | −23.7% |
| December | +4.0% | +4.4% | 66% | +18.6% | −11.0% |
| Year | Return |
|---|---|
| 2025 | +0.1% |
| 2024 | +21.4% |
| 2023 | +30.3% |
| 2022 | −33.5% |
| 2021 | −7.9% |
| 2020 | +66.4% |
| 2019 | +42.6% |
| 2018 | +22.7% |
| 2017 | +41.6% |
| 2016 | +21.5% |
| 2015 | +1.4% |
| 2014 | +19.4% |
| 2013 | +42.3% |
| 2012 | +16.6% |
| 2011 | −20.6% |
| 2010 | +50.3% |
| 2009 | +29.3% |
| 2008 | −60.5% |
| 2007 | +23.0% |
| 2006 | −5.8% |
| 2005 | +13.2% |
| 2004 | +208.8% |
| 2003 | +71.9% |
| 2002 | −23.3% |
| 2001 | +38.4% |
| 2000 | −20.2% |
| 1999 | −20.9% |
| 1998 | +15.4% |
| 1997 | +32.1% |
| 1996 | −18.2% |
| 1995 | −13.6% |
| 1994 | +76.1% |
| 1993 | −2.7% |
| 1992 | +34.1% |
| 1991 | −32.0% |
| 1990 | +30.1% |
| 1989 | +34.5% |
| 1988 | +39.8% |
| 1987 | +62.2% |
| 1986 | +55.1% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.