Historical month-by-month and year-by-year returns
Based on 36 calendar years of monthly closes, starting 1991.
| Month | Average | Median | % Positive | Best | Worst |
|---|---|---|---|---|---|
| January | −2.0% | −1.5% | 43% | +9.2% | −21.4% |
| February | +3.0% | +2.8% | 74% | +14.5% | −13.2% |
| March | +2.9% | +3.1% | 57% | +31.6% | −18.1% |
| April | +1.6% | +1.9% | 54% | +20.6% | −17.3% |
| May | +0.3% | −0.3% | 42% | +22.1% | −20.8% |
| June | −0.1% | +0.1% | 50% | +13.4% | −21.4% |
| July | +2.7% | +2.4% | 64% | +26.2% | −18.0% |
| August | −0.3% | −1.5% | 41% | +13.2% | −24.3% |
| September | +2.3% | +1.1% | 63% | +17.8% | −11.9% |
| October | +2.4% | +3.2% | 60% | +18.3% | −14.4% |
| November | +4.5% | +4.5% | 80% | +17.7% | −14.2% |
| December | +3.5% | +3.0% | 69% | +31.0% | −14.2% |
| Year | Return |
|---|---|
| 2025 | +5.9% |
| 2024 | +23.8% |
| 2023 | +4.8% |
| 2022 | +17.6% |
| 2021 | +76.8% |
| 2020 | −0.5% |
| 2019 | +42.1% |
| 2018 | +17.8% |
| 2017 | −9.9% |
| 2016 | +6.5% |
| 2015 | +19.8% |
| 2014 | +29.5% |
| 2013 | +34.8% |
| 2012 | +9.1% |
| 2011 | +19.2% |
| 2010 | +72.4% |
| 2009 | +13.3% |
| 2008 | +16.3% |
| 2007 | +3.8% |
| 2006 | +26.0% |
| 2005 | +0.5% |
| 2004 | +7.2% |
| 2003 | +20.6% |
| 2002 | −1.6% |
| 2001 | +151.9% |
| 2000 | −11.8% |
| 1999 | −1.9% |
| 1998 | +13.6% |
| 1997 | +5.5% |
| 1996 | −4.8% |
| 1995 | +19.1% |
| 1994 | −15.3% |
| 1993 | +45.9% |
| 1992 | +16.9% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.