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 | +2.5% | +3.4% | 63% | +22.2% | −12.2% |
| February | +0.7% | +0.1% | 50% | +43.5% | −41.5% |
| March | +1.7% | +1.2% | 52% | +43.8% | −16.5% |
| April | −0.1% | −1.0% | 43% | +18.0% | −17.9% |
| May | +2.4% | +0.9% | 52% | +26.5% | −12.0% |
| June | +0.4% | +0.2% | 50% | +10.9% | −13.1% |
| July | +6.2% | +5.6% | 81% | +32.8% | −22.3% |
| August | +1.2% | +1.3% | 60% | +16.7% | −17.1% |
| September | +0.2% | +0.3% | 51% | +24.1% | −19.1% |
| October | +3.1% | +2.7% | 56% | +36.9% | −18.4% |
| November | +2.3% | +2.1% | 63% | +22.8% | −20.2% |
| December | +4.3% | +1.5% | 61% | +45.9% | −15.9% |
| Year | Return |
|---|---|
| 2025 | +25.6% |
| 2024 | −9.5% |
| 2023 | +9.7% |
| 2022 | +16.7% |
| 2021 | −2.2% |
| 2020 | −4.6% |
| 2019 | +23.8% |
| 2018 | +11.9% |
| 2017 | +18.9% |
| 2016 | −9.9% |
| 2015 | +1.9% |
| 2014 | +39.6% |
| 2013 | +32.3% |
| 2012 | +34.2% |
| 2011 | +17.0% |
| 2010 | −3.0% |
| 2009 | −2.0% |
| 2008 | +24.4% |
| 2007 | −32.0% |
| 2006 | −13.4% |
| 2005 | +22.9% |
| 2004 | +3.8% |
| 2003 | +27.8% |
| 2002 | −14.4% |
| 2001 | −11.7% |
| 2000 | +6.5% |
| 1999 | +129.8% |
| 1998 | +93.2% |
| 1997 | −0.5% |
| 1996 | −8.4% |
| 1995 | +101.3% |
| 1994 | +19.2% |
| 1993 | −29.9% |
| 1992 | −6.8% |
| 1991 | +265.1% |
| 1990 | +154.1% |
| 1989 | +45.2% |
| 1988 | +8.9% |
| 1987 | +40.9% |
| 1986 | +63.0% |
| 1985 | +92.9% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.