Historical month-by-month and year-by-year returns
Based on 41 calendar years of monthly closes, starting 1986.
| Month | Average | Median | % Positive | Best | Worst |
|---|---|---|---|---|---|
| January | +1.9% | +2.7% | 60% | +18.7% | −14.9% |
| February | +1.5% | +1.7% | 53% | +18.0% | −10.7% |
| March | +1.6% | +1.4% | 53% | +14.0% | −13.0% |
| April | −0.7% | +1.3% | 57% | +15.3% | −35.1% |
| May | +0.8% | +1.1% | 65% | +16.9% | −40.9% |
| June | +2.6% | +3.5% | 57% | +16.2% | −11.4% |
| July | +1.3% | +1.9% | 63% | +15.2% | −10.6% |
| August | −0.5% | −0.1% | 48% | +19.7% | −17.1% |
| September | +0.1% | +0.7% | 53% | +14.1% | −12.0% |
| October | +2.5% | +2.5% | 63% | +19.8% | −33.0% |
| November | +4.1% | +4.3% | 75% | +22.4% | −12.9% |
| December | −0.2% | −0.4% | 45% | +22.4% | −16.3% |
| Year | Return |
|---|---|
| 2025 | −5.9% |
| 2024 | +38.8% |
| 2023 | +44.6% |
| 2022 | −19.6% |
| 2021 | +50.7% |
| 2020 | +28.2% |
| 2019 | +44.3% |
| 2018 | +9.5% |
| 2017 | +16.2% |
| 2016 | −0.9% |
| 2015 | +13.9% |
| 2014 | +19.1% |
| 2013 | +20.6% |
| 2012 | +18.5% |
| 2011 | +15.4% |
| 2010 | +22.0% |
| 2009 | +12.7% |
| 2008 | −24.7% |
| 2007 | +31.9% |
| 2006 | +6.9% |
| 2005 | +2.2% |
| 2004 | +30.2% |
| 2003 | +32.5% |
| 2002 | −36.8% |
| 2001 | +11.1% |
| 2000 | −12.5% |
| 1999 | +26.4% |
| 1998 | +61.8% |
| 1997 | +77.6% |
| 1996 | +64.8% |
| 1995 | +18.4% |
| 1994 | −33.1% |
| 1993 | +6.2% |
| 1992 | −27.9% |
| 1991 | +28.0% |
| 1990 | −15.1% |
| 1989 | +23.3% |
| 1988 | +14.5% |
| 1987 | 0.0% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.