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 | +1.3% | +1.1% | 63% | +20.1% | −23.1% |
| February | +0.3% | +1.6% | 60% | +16.9% | −27.9% |
| March | +1.3% | +1.0% | 52% | +20.3% | −22.1% |
| April | +4.5% | +2.8% | 69% | +85.0% | −13.4% |
| May | +1.7% | +2.3% | 64% | +10.7% | −13.6% |
| June | 0.0% | +0.2% | 52% | +12.2% | −18.7% |
| July | +2.1% | +1.0% | 52% | +21.9% | −7.2% |
| August | −0.2% | +0.7% | 56% | +19.4% | −29.3% |
| September | −1.0% | 0.0% | 51% | +10.4% | −20.2% |
| October | −0.2% | +1.3% | 54% | +16.6% | −32.8% |
| November | +3.3% | +2.4% | 61% | +30.0% | −15.2% |
| December | +0.8% | +1.2% | 59% | +13.2% | −20.4% |
| Year | Return |
|---|---|
| 2025 | +24.7% |
| 2024 | +58.4% |
| 2023 | +26.8% |
| 2022 | −9.7% |
| 2021 | +35.3% |
| 2020 | −2.9% |
| 2019 | +30.6% |
| 2018 | −4.0% |
| 2017 | +34.1% |
| 2016 | +6.5% |
| 2015 | −25.2% |
| 2014 | +2.5% |
| 2013 | +57.8% |
| 2012 | +21.9% |
| 2011 | +9.9% |
| 2010 | +5.9% |
| 2009 | +118.4% |
| 2008 | −64.3% |
| 2007 | −14.3% |
| 2006 | +17.9% |
| 2005 | +4.3% |
| 2004 | +16.9% |
| 2003 | +36.4% |
| 2002 | −1.0% |
| 2001 | −35.0% |
| 2000 | −0.9% |
| 1999 | +62.2% |
| 1998 | +14.8% |
| 1997 | +58.0% |
| 1996 | +36.6% |
| 1995 | +40.3% |
| 1994 | +8.3% |
| 1993 | +24.1% |
| 1992 | +21.3% |
| 1991 | −0.6% |
| 1990 | −40.9% |
| 1989 | +31.0% |
| 1988 | +16.4% |
| 1987 | −19.2% |
| 1986 | +6.8% |
| 1985 | +23.6% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.