Historical month-by-month and year-by-year returns
Based on 48 calendar years of monthly closes, starting 1979.
| Month | Average | Median | % Positive | Best | Worst |
|---|---|---|---|---|---|
| January | +3.1% | +0.4% | 50% | +35.3% | −14.6% |
| February | +1.4% | +2.0% | 54% | +18.6% | −13.5% |
| March | +2.7% | +1.8% | 63% | +29.2% | −34.3% |
| April | +4.7% | +2.3% | 63% | +39.1% | −14.6% |
| May | +0.7% | +1.2% | 60% | +15.1% | −15.6% |
| June | +1.6% | +1.6% | 60% | +31.3% | −18.2% |
| July | +2.1% | +3.0% | 65% | +15.6% | −20.2% |
| August | +0.4% | +1.4% | 57% | +20.0% | −21.6% |
| September | −1.6% | −0.8% | 38% | +25.9% | −22.9% |
| October | −0.2% | +1.4% | 53% | +33.1% | −52.0% |
| November | +3.5% | +3.2% | 68% | +29.0% | −12.7% |
| December | +3.3% | +3.0% | 70% | +24.4% | −13.0% |
| Year | Return |
|---|---|
| 2025 | −0.3% |
| 2024 | −0.8% |
| 2023 | −1.7% |
| 2022 | −19.3% |
| 2021 | +48.1% |
| 2020 | +44.7% |
| 2019 | +48.8% |
| 2018 | +11.1% |
| 2017 | +19.2% |
| 2016 | +10.5% |
| 2015 | +8.4% |
| 2014 | +11.0% |
| 2013 | +38.1% |
| 2012 | +18.8% |
| 2011 | −0.3% |
| 2010 | +25.5% |
| 2009 | +32.8% |
| 2008 | −35.5% |
| 2007 | +21.1% |
| 2006 | +29.9% |
| 2005 | −2.8% |
| 2004 | +25.1% |
| 2003 | +39.6% |
| 2002 | +8.9% |
| 2001 | −11.8% |
| 2000 | +41.7% |
| 1999 | −11.2% |
| 1998 | +72.1% |
| 1997 | +35.4% |
| 1996 | +46.9% |
| 1995 | +21.5% |
| 1994 | +37.0% |
| 1993 | +46.6% |
| 1992 | +28.4% |
| 1991 | +26.6% |
| 1990 | +4.9% |
| 1989 | +8.0% |
| 1988 | +66.2% |
| 1987 | +37.4% |
| 1986 | +57.1% |
| 1985 | +12.5% |
| 1984 | +55.6% |
| 1983 | +80.0% |
| 1982 | −28.6% |
| 1981 | −17.6% |
| 1980 | −8.1% |
| 1979 | +27.6% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.