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 | +7.7% | +6.2% | 63% | +48.0% | −12.6% |
| February | +6.1% | +5.2% | 64% | +41.9% | −16.0% |
| March | +1.0% | +0.6% | 52% | +24.8% | −21.2% |
| April | +2.7% | +2.3% | 55% | +35.3% | −16.4% |
| May | +4.3% | +4.4% | 64% | +37.3% | −18.0% |
| June | +0.6% | −1.8% | 43% | +60.6% | −22.4% |
| July | +2.0% | +1.5% | 50% | +29.7% | −29.8% |
| August | −1.3% | −2.7% | 40% | +31.2% | −26.7% |
| September | −2.9% | −3.5% | 39% | +27.4% | −34.0% |
| October | +0.4% | −1.9% | 46% | +37.4% | −47.0% |
| November | +5.1% | +4.3% | 68% | +44.2% | −25.8% |
| December | +2.4% | +1.9% | 56% | +34.5% | −23.6% |
| Year | Return |
|---|---|
| 2025 | +58.0% |
| 2024 | +0.3% |
| 2023 | +66.4% |
| 2022 | −38.1% |
| 2021 | +82.3% |
| 2020 | +41.4% |
| 2019 | +86.4% |
| 2018 | −36.0% |
| 2017 | +58.4% |
| 2016 | +72.8% |
| 2015 | −25.1% |
| 2014 | +41.0% |
| 2013 | +54.5% |
| 2012 | +6.8% |
| 2011 | −23.8% |
| 2010 | +0.8% |
| 2009 | +37.6% |
| 2008 | −43.0% |
| 2007 | −3.7% |
| 2006 | +2.8% |
| 2005 | +4.9% |
| 2004 | −23.8% |
| 2003 | +72.2% |
| 2002 | −35.0% |
| 2001 | +5.0% |
| 2000 | −39.7% |
| 1999 | +196.8% |
| 1998 | +41.7% |
| 1997 | +67.7% |
| 1996 | −8.7% |
| 1995 | +86.4% |
| 1994 | +9.0% |
| 1993 | +129.6% |
| 1992 | +91.5% |
| 1991 | +64.0% |
| 1990 | −24.6% |
| 1989 | +28.1% |
| 1988 | +14.1% |
| 1987 | +105.3% |
| 1986 | −8.4% |
| 1985 | −40.7% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.