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 | −0.1% | −1.2% | 39% | +16.8% | −11.1% |
| February | +1.0% | +1.4% | 64% | +17.4% | −13.9% |
| March | +3.6% | +2.8% | 76% | +23.8% | −22.4% |
| April | +2.4% | +3.1% | 64% | +27.0% | −18.7% |
| May | −0.1% | +0.5% | 52% | +12.9% | −10.7% |
| June | −0.5% | +0.3% | 50% | +9.3% | −17.1% |
| July | +1.6% | +1.2% | 60% | +18.7% | −15.3% |
| August | −0.3% | −0.5% | 47% | +22.5% | −10.4% |
| September | +0.5% | +0.7% | 56% | +13.5% | −14.2% |
| October | +0.8% | +0.5% | 51% | +25.9% | −17.6% |
| November | +0.1% | +0.4% | 51% | +25.4% | −17.7% |
| December | +1.2% | +1.1% | 56% | +15.0% | −10.6% |
| Year | Return |
|---|---|
| 2025 | +5.2% |
| 2024 | −2.9% |
| 2023 | −16.9% |
| 2022 | +53.0% |
| 2021 | +39.0% |
| 2020 | −29.9% |
| 2019 | +10.8% |
| 2018 | −13.1% |
| 2017 | +6.4% |
| 2016 | +30.8% |
| 2015 | −19.8% |
| 2014 | −10.2% |
| 2013 | +15.5% |
| 2012 | +1.6% |
| 2011 | +16.6% |
| 2010 | +18.5% |
| 2009 | +4.1% |
| 2008 | −20.7% |
| 2007 | +26.9% |
| 2006 | +29.5% |
| 2005 | +8.1% |
| 2004 | +21.6% |
| 2003 | +29.9% |
| 2002 | −25.8% |
| 2001 | +6.1% |
| 2000 | −2.5% |
| 1999 | +4.4% |
| 1998 | +7.7% |
| 1997 | +18.5% |
| 1996 | +24.1% |
| 1995 | +17.4% |
| 1994 | +2.4% |
| 1993 | +25.4% |
| 1992 | +0.7% |
| 1991 | −5.0% |
| 1990 | +7.2% |
| 1989 | +48.1% |
| 1988 | +15.5% |
| 1987 | −12.7% |
| 1986 | +19.0% |
| 1985 | +11.3% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.