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 | +2.4% | +3.8% | 66% | +17.4% | −17.0% |
| February | +1.0% | +0.9% | 57% | +13.9% | −12.7% |
| March | +1.3% | +0.4% | 57% | +15.2% | −14.4% |
| April | +0.9% | +1.4% | 57% | +14.4% | −18.1% |
| May | +2.7% | +3.0% | 62% | +17.7% | −13.3% |
| June | +0.9% | +1.5% | 64% | +15.0% | −16.3% |
| July | −0.8% | −1.2% | 38% | +17.9% | −19.1% |
| August | +1.9% | +1.9% | 60% | +23.9% | −11.9% |
| September | −1.3% | −1.4% | 46% | +13.6% | −18.9% |
| October | −0.9% | +0.6% | 54% | +27.8% | −52.0% |
| November | +4.8% | +6.7% | 76% | +25.3% | −25.7% |
| December | +1.8% | +0.2% | 56% | +39.1% | −18.3% |
| Year | Return |
|---|---|
| 2025 | −0.3% |
| 2024 | −7.8% |
| 2023 | −9.6% |
| 2022 | +44.3% |
| 2021 | +10.3% |
| 2020 | +1.8% |
| 2019 | +7.7% |
| 2018 | −6.5% |
| 2017 | +52.3% |
| 2016 | −8.8% |
| 2015 | +42.2% |
| 2014 | +17.6% |
| 2013 | +63.6% |
| 2012 | +27.3% |
| 2011 | +14.6% |
| 2010 | +3.9% |
| 2009 | +109.3% |
| 2008 | −68.6% |
| 2007 | +22.5% |
| 2006 | +17.8% |
| 2005 | +36.9% |
| 2004 | +41.9% |
| 2003 | +39.8% |
| 2002 | −55.6% |
| 2001 | −30.0% |
| 2000 | +64.2% |
| 1999 | +4.2% |
| 1998 | +34.6% |
| 1997 | +26.2% |
| 1996 | +32.3% |
| 1995 | +62.3% |
| 1994 | +1.4% |
| 1993 | +7.0% |
| 1992 | −4.1% |
| 1991 | +49.5% |
| 1990 | −31.3% |
| 1989 | +26.3% |
| 1988 | +7.4% |
| 1987 | −20.2% |
| 1986 | −14.4% |
| 1985 | +39.7% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.