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 | −0.7% | −1.3% | 37% | +14.3% | −14.4% |
| February | +1.7% | +2.4% | 60% | +13.0% | −11.9% |
| March | +1.9% | +2.8% | 69% | +8.4% | −14.0% |
| April | +0.9% | +1.3% | 71% | +11.4% | −9.6% |
| May | +1.6% | +1.5% | 62% | +14.6% | −7.9% |
| June | +0.8% | +1.0% | 52% | +13.8% | −10.9% |
| July | +0.5% | +0.9% | 60% | +16.1% | −11.8% |
| August | −0.7% | −0.1% | 47% | +8.4% | −21.8% |
| September | −0.4% | +0.8% | 56% | +11.3% | −16.3% |
| October | +2.6% | +2.3% | 66% | +32.2% | −19.3% |
| November | +1.3% | +1.5% | 63% | +14.6% | −9.4% |
| December | +2.5% | +1.4% | 63% | +16.6% | −7.6% |
| Year | Return |
|---|---|
| 2025 | −13.1% |
| 2024 | +14.1% |
| 2023 | +1.2% |
| 2022 | −7.7% |
| 2021 | −0.2% |
| 2020 | +24.2% |
| 2019 | +15.7% |
| 2018 | −21.1% |
| 2017 | +15.3% |
| 2016 | −1.8% |
| 2015 | −3.7% |
| 2014 | +6.1% |
| 2013 | +24.8% |
| 2012 | +13.2% |
| 2011 | +15.0% |
| 2010 | −2.2% |
| 2009 | +19.9% |
| 2008 | −12.1% |
| 2007 | +19.5% |
| 2006 | +18.9% |
| 2005 | +7.2% |
| 2004 | +2.2% |
| 2003 | −4.5% |
| 2002 | −9.2% |
| 2001 | −10.5% |
| 2000 | −0.7% |
| 1999 | +40.0% |
| 1998 | +26.4% |
| 1997 | +59.3% |
| 1996 | +31.3% |
| 1995 | +10.8% |
| 1994 | +1.6% |
| 1993 | +11.9% |
| 1992 | +14.1% |
| 1991 | +32.5% |
| 1990 | +16.1% |
| 1989 | +35.1% |
| 1988 | +19.7% |
| 1987 | −4.0% |
| 1986 | +24.8% |
| 1985 | +33.0% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.