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 | −0.9% | −1.5% | 41% | +22.8% | −16.3% |
| February | +0.9% | +1.4% | 62% | +29.9% | −21.4% |
| March | +3.5% | +3.7% | 71% | +22.1% | −36.4% |
| April | +2.4% | +1.7% | 55% | +36.7% | −15.1% |
| May | +1.9% | +2.2% | 62% | +20.7% | −12.4% |
| June | −1.8% | −1.5% | 43% | +9.3% | −20.1% |
| July | +1.5% | +3.2% | 62% | +15.9% | −18.0% |
| August | +1.7% | +1.1% | 58% | +21.9% | −11.7% |
| September | +0.4% | −0.9% | 49% | +22.0% | −13.3% |
| October | −0.8% | 0.0% | 49% | +23.2% | −29.0% |
| November | +0.4% | −0.5% | 44% | +38.2% | −13.7% |
| December | +2.3% | +1.5% | 63% | +33.3% | −13.6% |
| Year | Return |
|---|---|
| 2025 | −5.6% |
| 2024 | −14.6% |
| 2023 | −1.6% |
| 2022 | +63.5% |
| 2021 | +80.5% |
| 2020 | −38.5% |
| 2019 | +4.3% |
| 2018 | +13.6% |
| 2017 | +9.5% |
| 2016 | +7.4% |
| 2015 | −32.4% |
| 2014 | −2.3% |
| 2013 | +21.8% |
| 2012 | +4.4% |
| 2011 | +7.0% |
| 2010 | +33.3% |
| 2009 | −1.4% |
| 2008 | −41.3% |
| 2007 | +22.7% |
| 2006 | +23.7% |
| 2005 | +34.0% |
| 2004 | +32.4% |
| 2003 | +35.5% |
| 2002 | −19.7% |
| 2001 | +6.0% |
| 2000 | +21.0% |
| 1999 | +10.3% |
| 1998 | −12.3% |
| 1997 | +9.9% |
| 1996 | +29.7% |
| 1995 | +4.2% |
| 1994 | +12.9% |
| 1993 | +15.4% |
| 1992 | +4.7% |
| 1991 | −8.1% |
| 1990 | +3.5% |
| 1989 | +29.5% |
| 1988 | +39.3% |
| 1987 | +19.1% |
| 1986 | −3.1% |
| 1985 | −24.2% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.