Historical month-by-month and year-by-year returns
Based on 32 calendar years of monthly closes, starting 1995.
| Month | Average | Median | % Positive | Best | Worst |
|---|---|---|---|---|---|
| January | +9.1% | +8.1% | 71% | +52.5% | −15.0% |
| February | −0.5% | −1.3% | 45% | +34.4% | −25.7% |
| March | +2.3% | +2.0% | 65% | +24.7% | −16.8% |
| April | +1.8% | +1.3% | 53% | +34.1% | −15.6% |
| May | +3.0% | +4.6% | 66% | +31.4% | −17.0% |
| June | +1.6% | −0.2% | 50% | +34.6% | −24.1% |
| July | +5.0% | +1.6% | 53% | +56.1% | −21.6% |
| August | −2.5% | −1.1% | 42% | +21.9% | −38.6% |
| September | −2.7% | −2.1% | 39% | +30.4% | −39.6% |
| October | +6.0% | +2.8% | 61% | +62.5% | −25.8% |
| November | +4.5% | +2.1% | 55% | +29.7% | −26.5% |
| December | +3.0% | +4.3% | 71% | +21.5% | −25.0% |
| Year | Return |
|---|---|
| 2025 | +54.4% |
| 2024 | −8.4% |
| 2023 | +38.5% |
| 2022 | −31.4% |
| 2021 | +63.2% |
| 2020 | +64.8% |
| 2019 | +90.2% |
| 2018 | −10.5% |
| 2017 | +54.9% |
| 2016 | +26.4% |
| 2015 | −17.7% |
| 2014 | +15.1% |
| 2013 | +45.5% |
| 2012 | +18.6% |
| 2011 | +9.0% |
| 2010 | +12.5% |
| 2009 | +88.7% |
| 2008 | −42.2% |
| 2007 | +12.9% |
| 2006 | +22.7% |
| 2005 | +26.1% |
| 2004 | −20.6% |
| 2003 | +139.8% |
| 2002 | −51.0% |
| 2001 | −24.4% |
| 2000 | −40.5% |
| 1999 | +273.0% |
| 1998 | −9.6% |
| 1997 | +171.0% |
| 1996 | +49.8% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.