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 | +0.4% | +1.6% | 54% | +20.4% | −30.9% |
| February | +2.6% | +3.7% | 71% | +18.1% | −20.2% |
| March | +2.0% | +2.1% | 62% | +18.8% | −12.4% |
| April | +4.2% | +1.1% | 60% | +40.1% | −8.7% |
| May | +0.6% | +1.3% | 55% | +12.5% | −14.8% |
| June | −0.3% | −0.5% | 48% | +21.6% | −21.5% |
| July | +2.4% | +1.5% | 57% | +33.4% | −23.5% |
| August | −1.0% | −1.1% | 42% | +11.8% | −13.4% |
| September | −1.0% | −1.7% | 46% | +20.7% | −24.1% |
| October | +1.1% | +0.4% | 56% | +31.9% | −35.9% |
| November | +4.4% | +5.0% | 73% | +22.2% | −16.2% |
| December | +2.2% | +1.3% | 61% | +20.3% | −10.7% |
| Year | Return |
|---|---|
| 2025 | +57.9% |
| 2024 | +22.7% |
| 2023 | +23.4% |
| 2022 | +15.9% |
| 2021 | +13.6% |
| 2020 | +23.3% |
| 2019 | +16.2% |
| 2018 | −19.4% |
| 2017 | +69.9% |
| 2016 | +36.5% |
| 2015 | −25.8% |
| 2014 | +0.8% |
| 2013 | +1.3% |
| 2012 | −1.1% |
| 2011 | −3.3% |
| 2010 | +64.3% |
| 2009 | +27.6% |
| 2008 | −38.4% |
| 2007 | +18.3% |
| 2006 | +6.2% |
| 2005 | +18.5% |
| 2004 | +17.5% |
| 2003 | +81.6% |
| 2002 | −12.5% |
| 2001 | +10.4% |
| 2000 | +0.5% |
| 1999 | +2.3% |
| 1998 | −5.2% |
| 1997 | +28.9% |
| 1996 | +28.1% |
| 1995 | +6.6% |
| 1994 | +23.9% |
| 1993 | +66.0% |
| 1992 | +22.2% |
| 1991 | −6.6% |
| 1990 | −18.8% |
| 1989 | −9.0% |
| 1988 | +2.6% |
| 1987 | +54.5% |
| 1986 | −4.5% |
| 1985 | +25.8% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.