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 | +2.7% | +5.0% | 63% | +23.8% | −47.1% |
| February | −1.2% | −0.5% | 45% | +16.9% | −57.7% |
| March | +1.8% | −0.7% | 48% | +68.7% | −33.6% |
| April | +2.3% | +1.0% | 60% | +20.6% | −16.8% |
| May | +0.4% | +0.5% | 55% | +22.0% | −19.8% |
| June | +0.5% | +1.5% | 57% | +14.7% | −23.4% |
| July | +2.9% | +3.0% | 64% | +21.3% | −13.4% |
| August | +0.4% | +0.7% | 56% | +57.7% | −34.0% |
| September | −1.4% | −0.1% | 46% | +13.3% | −26.5% |
| October | +1.5% | +2.5% | 63% | +25.3% | −35.8% |
| November | +1.9% | +1.3% | 61% | +33.0% | −39.3% |
| December | −0.1% | 0.0% | 49% | +20.7% | −24.0% |
| Year | Return |
|---|---|
| 2025 | +65.8% |
| 2024 | +36.8% |
| 2023 | +13.7% |
| 2022 | −25.1% |
| 2021 | −2.1% |
| 2020 | −22.8% |
| 2019 | +53.5% |
| 2018 | −30.0% |
| 2017 | +25.2% |
| 2016 | +14.8% |
| 2015 | −4.4% |
| 2014 | +3.8% |
| 2013 | +31.7% |
| 2012 | +50.4% |
| 2011 | −44.4% |
| 2010 | +42.9% |
| 2009 | −50.7% |
| 2008 | −77.2% |
| 2007 | −47.1% |
| 2006 | +14.8% |
| 2005 | +0.7% |
| 2004 | −0.7% |
| 2003 | +37.9% |
| 2002 | −30.3% |
| 2001 | −1.1% |
| 2000 | +22.3% |
| 1999 | +68.1% |
| 1998 | −7.8% |
| 1997 | +78.1% |
| 1996 | +44.9% |
| 1995 | +94.2% |
| 1994 | −16.7% |
| 1993 | +60.7% |
| 1992 | +22.9% |
| 1991 | +72.1% |
| 1990 | −19.7% |
| 1989 | +31.0% |
| 1988 | −9.8% |
| 1987 | −42.6% |
| 1986 | +40.2% |
| 1985 | +17.9% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.