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 | −1.6% | −1.0% | 44% | +16.3% | −16.3% |
| February | +1.2% | +1.1% | 62% | +15.4% | −14.0% |
| March | +0.4% | +1.8% | 62% | +19.1% | −13.9% |
| April | −1.0% | −1.0% | 45% | +20.9% | −28.9% |
| May | +1.5% | +1.2% | 60% | +15.8% | −8.3% |
| June | +0.7% | +1.4% | 60% | +10.4% | −17.4% |
| July | −0.1% | −0.9% | 40% | +14.5% | −11.4% |
| August | −0.2% | +0.7% | 56% | +9.5% | −23.3% |
| September | +0.8% | +0.4% | 51% | +14.6% | −11.5% |
| October | +1.9% | +1.9% | 56% | +13.8% | −18.6% |
| November | +2.5% | +1.7% | 66% | +16.1% | −12.4% |
| December | +2.4% | +2.0% | 66% | +16.3% | −12.6% |
| Year | Return |
|---|---|
| 2025 | −4.6% |
| 2024 | +10.2% |
| 2023 | −28.7% |
| 2022 | +15.4% |
| 2021 | +0.5% |
| 2020 | −3.4% |
| 2019 | +23.5% |
| 2018 | −15.2% |
| 2017 | +4.9% |
| 2016 | −15.0% |
| 2015 | +16.5% |
| 2014 | +11.1% |
| 2013 | +63.1% |
| 2012 | −7.5% |
| 2011 | +33.1% |
| 2010 | +4.9% |
| 2009 | +8.6% |
| 2008 | −12.3% |
| 2007 | +0.8% |
| 2006 | +14.5% |
| 2005 | −10.3% |
| 2004 | −10.4% |
| 2003 | +23.5% |
| 2002 | −54.6% |
| 2001 | −27.5% |
| 2000 | +15.2% |
| 1999 | −4.1% |
| 1998 | +41.4% |
| 1997 | +73.6% |
| 1996 | +26.9% |
| 1995 | +48.4% |
| 1994 | −0.6% |
| 1993 | −13.7% |
| 1992 | −23.5% |
| 1991 | +31.7% |
| 1990 | +19.6% |
| 1989 | +23.8% |
| 1988 | +8.7% |
| 1987 | +0.8% |
| 1986 | +24.7% |
| 1985 | +21.8% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.