Historical month-by-month and year-by-year returns
Based on 35 calendar years of monthly closes, starting 1992.
| Month | Average | Median | % Positive | Best | Worst |
|---|---|---|---|---|---|
| January | +5.2% | +6.9% | 62% | +30.4% | −10.7% |
| February | −0.1% | +0.6% | 53% | +17.7% | −20.9% |
| March | +1.9% | +0.3% | 56% | +53.3% | −18.3% |
| April | +1.6% | +3.2% | 65% | +24.3% | −21.9% |
| May | +1.5% | +2.0% | 59% | +23.4% | −16.1% |
| June | +0.1% | −0.3% | 49% | +17.3% | −18.6% |
| July | +2.1% | +3.5% | 63% | +17.8% | −24.5% |
| August | +0.4% | −0.9% | 47% | +22.0% | −16.3% |
| September | −2.5% | −3.1% | 38% | +25.3% | −27.1% |
| October | +0.1% | −0.4% | 47% | +24.4% | −26.4% |
| November | −1.0% | −0.2% | 47% | +17.0% | −31.7% |
| December | +3.6% | +3.2% | 76% | +25.4% | −9.5% |
| Year | Return |
|---|---|
| 2025 | +6.8% |
| 2024 | +54.5% |
| 2023 | +24.9% |
| 2022 | +8.9% |
| 2021 | +18.2% |
| 2020 | −20.5% |
| 2019 | +28.0% |
| 2018 | +42.6% |
| 2017 | +14.6% |
| 2016 | +17.3% |
| 2015 | +39.2% |
| 2014 | +10.2% |
| 2013 | +109.8% |
| 2012 | +7.3% |
| 2011 | −29.5% |
| 2010 | −15.9% |
| 2009 | +16.3% |
| 2008 | −33.4% |
| 2007 | −32.3% |
| 2006 | −29.8% |
| 2005 | −31.1% |
| 2004 | −3.3% |
| 2003 | +72.9% |
| 2002 | +76.3% |
| 2001 | +76.2% |
| 2000 | −37.4% |
| 1999 | −18.4% |
| 1998 | +16.9% |
| 1997 | −23.5% |
| 1996 | +21.8% |
| 1995 | +183.5% |
| 1994 | +39.0% |
| 1993 | −40.1% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.