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 | +1.2% | 0.0% | 51% | +25.8% | −12.4% |
| February | +2.4% | +2.6% | 62% | +18.8% | −13.9% |
| March | +2.1% | +2.1% | 57% | +25.7% | −11.0% |
| April | +1.2% | 0.0% | 50% | +16.0% | −15.1% |
| May | +1.4% | +1.5% | 55% | +14.9% | −12.0% |
| June | +0.1% | −0.2% | 48% | +13.7% | −29.7% |
| July | +0.5% | +0.3% | 50% | +10.7% | −12.9% |
| August | −0.3% | +0.3% | 53% | +17.8% | −20.6% |
| September | 0.0% | −1.8% | 44% | +24.7% | −13.7% |
| October | −1.2% | −0.7% | 49% | +14.3% | −28.0% |
| November | +2.1% | +2.8% | 56% | +20.9% | −12.4% |
| December | +1.2% | +0.6% | 54% | +16.2% | −25.0% |
| Year | Return |
|---|---|
| 2025 | +76.8% |
| 2024 | −43.1% |
| 2023 | −15.3% |
| 2022 | −9.7% |
| 2021 | +51.0% |
| 2020 | −8.1% |
| 2019 | +13.4% |
| 2018 | −9.6% |
| 2017 | −8.1% |
| 2016 | −19.3% |
| 2015 | +1.5% |
| 2014 | +34.6% |
| 2013 | +48.0% |
| 2012 | +18.6% |
| 2011 | +17.3% |
| 2010 | +7.9% |
| 2009 | +12.1% |
| 2008 | −27.7% |
| 2007 | +28.6% |
| 2006 | +17.0% |
| 2005 | +17.2% |
| 2004 | +24.8% |
| 2003 | +44.7% |
| 2002 | −15.6% |
| 2001 | −50.6% |
| 2000 | +50.3% |
| 1999 | −27.5% |
| 1998 | +71.7% |
| 1997 | +54.8% |
| 1996 | +34.6% |
| 1995 | −0.4% |
| 1994 | −24.0% |
| 1993 | −23.5% |
| 1992 | +19.4% |
| 1991 | +6.0% |
| 1990 | −5.9% |
| 1989 | +20.0% |
| 1988 | +40.3% |
| 1987 | −1.9% |
| 1986 | +6.9% |
| 1985 | +23.2% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.