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 | +2.7% | +4.4% | 61% | +19.1% | −9.4% |
| February | +2.1% | +1.3% | 57% | +20.9% | −20.9% |
| March | +1.9% | +0.3% | 52% | +19.6% | −11.7% |
| April | +1.6% | +1.5% | 64% | +25.5% | −12.9% |
| May | −0.4% | −1.7% | 43% | +13.5% | −15.4% |
| June | −0.2% | −0.8% | 43% | +18.2% | −16.3% |
| July | +0.4% | −0.2% | 48% | +19.8% | −24.0% |
| August | +0.4% | +0.7% | 56% | +19.1% | −22.0% |
| September | −2.0% | −1.6% | 41% | +12.2% | −29.9% |
| October | +1.4% | +2.2% | 66% | +18.5% | −27.9% |
| November | +5.8% | +6.6% | 73% | +20.0% | −14.6% |
| December | +2.2% | +2.8% | 63% | +12.6% | −10.4% |
| Year | Return |
|---|---|
| 2025 | +9.9% |
| 2024 | +6.0% |
| 2023 | −6.7% |
| 2022 | +25.0% |
| 2021 | +27.4% |
| 2020 | +55.3% |
| 2019 | +16.1% |
| 2018 | −4.7% |
| 2017 | +51.9% |
| 2016 | +35.1% |
| 2015 | −13.8% |
| 2014 | −3.1% |
| 2013 | +5.7% |
| 2012 | +11.7% |
| 2011 | −6.9% |
| 2010 | +53.5% |
| 2009 | +41.2% |
| 2008 | −58.8% |
| 2007 | +95.9% |
| 2006 | +39.6% |
| 2005 | −8.5% |
| 2004 | +14.4% |
| 2003 | +41.9% |
| 2002 | +5.0% |
| 2001 | −4.7% |
| 2000 | +5.6% |
| 1999 | +31.9% |
| 1998 | −43.6% |
| 1997 | +43.8% |
| 1996 | +14.9% |
| 1995 | +59.6% |
| 1994 | −10.5% |
| 1993 | +69.1% |
| 1992 | −8.9% |
| 1991 | +2.4% |
| 1990 | −23.8% |
| 1989 | +28.1% |
| 1988 | +38.1% |
| 1987 | +51.9% |
| 1986 | −20.4% |
| 1985 | −10.2% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.