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 | +6.5% | +2.5% | 59% | +78.1% | −28.2% |
| February | +3.4% | +2.9% | 55% | +39.4% | −22.1% |
| March | +5.4% | +2.6% | 60% | +49.4% | −18.3% |
| April | +4.7% | +3.2% | 60% | +74.3% | −24.0% |
| May | +5.0% | +2.0% | 55% | +45.6% | −29.5% |
| June | −4.6% | −4.6% | 38% | +28.1% | −44.4% |
| July | −2.8% | −5.0% | 40% | +47.2% | −36.8% |
| August | +4.5% | +3.4% | 58% | +54.7% | −25.8% |
| September | −4.1% | −4.7% | 32% | +42.8% | −39.9% |
| October | −1.2% | −5.7% | 39% | +58.3% | −47.7% |
| November | +9.1% | +11.3% | 61% | +52.4% | −32.6% |
| December | +1.2% | +1.4% | 51% | +38.1% | −28.2% |
| Year | Return |
|---|---|
| 2025 | +77.3% |
| 2024 | −18.1% |
| 2023 | +127.6% |
| 2022 | −55.0% |
| 2021 | +56.9% |
| 2020 | +100.0% |
| 2019 | +148.4% |
| 2018 | +79.6% |
| 2017 | −9.3% |
| 2016 | +295.1% |
| 2015 | +7.5% |
| 2014 | −31.0% |
| 2013 | +61.2% |
| 2012 | −55.6% |
| 2011 | −34.0% |
| 2010 | −15.5% |
| 2009 | +348.1% |
| 2008 | −71.2% |
| 2007 | −63.1% |
| 2006 | −33.5% |
| 2005 | +39.0% |
| 2004 | +47.8% |
| 2003 | +130.7% |
| 2002 | −59.3% |
| 2001 | +14.8% |
| 2000 | −4.5% |
| 1999 | −0.2% |
| 1998 | +63.4% |
| 1997 | −31.1% |
| 1996 | +56.1% |
| 1995 | −33.7% |
| 1994 | +40.1% |
| 1993 | −2.1% |
| 1992 | +3.6% |
| 1991 | +259.0% |
| 1990 | −38.1% |
| 1989 | −8.7% |
| 1988 | −12.7% |
| 1987 | −28.2% |
| 1986 | −52.6% |
| 1985 | −17.4% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.