Historical month-by-month and year-by-year returns
Based on 34 calendar years of monthly closes, starting 1993.
| Month | Average | Median | % Positive | Best | Worst |
|---|---|---|---|---|---|
| January | −1.4% | −1.1% | 39% | +11.0% | −18.7% |
| February | +1.4% | +2.2% | 70% | +13.0% | −16.4% |
| March | +0.8% | +1.2% | 55% | +28.0% | −23.0% |
| April | +2.2% | +2.2% | 65% | +14.7% | −6.2% |
| May | +0.5% | +0.6% | 53% | +12.9% | −20.5% |
| June | +0.2% | +0.7% | 53% | +15.9% | −9.6% |
| July | +0.4% | +0.6% | 56% | +28.3% | −17.7% |
| August | 0.0% | +0.1% | 51% | +23.6% | −21.0% |
| September | +1.2% | +2.5% | 67% | +13.4% | −21.0% |
| October | +4.4% | +3.5% | 67% | +22.1% | −6.5% |
| November | +1.4% | +1.2% | 64% | +13.8% | −12.5% |
| December | +2.4% | +3.2% | 76% | +13.6% | −14.0% |
| Year | Return |
|---|---|
| 2025 | +13.0% |
| 2024 | +22.3% |
| 2023 | +2.4% |
| 2022 | +14.1% |
| 2021 | +25.6% |
| 2020 | −1.1% |
| 2019 | +20.5% |
| 2018 | −11.6% |
| 2017 | +10.6% |
| 2016 | +13.1% |
| 2015 | +1.7% |
| 2014 | +11.0% |
| 2013 | +29.7% |
| 2012 | +13.8% |
| 2011 | +12.6% |
| 2010 | +23.5% |
| 2009 | −4.8% |
| 2008 | −14.3% |
| 2007 | +2.0% |
| 2006 | +13.3% |
| 2005 | +25.0% |
| 2004 | +3.2% |
| 2003 | +41.2% |
| 2002 | −26.9% |
| 2001 | −5.4% |
| 2000 | +154.3% |
| 1999 | −51.5% |
| 1998 | +7.1% |
| 1997 | +60.5% |
| 1996 | +51.3% |
| 1995 | +70.1% |
| 1994 | −24.9% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.