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 | +4.2% | +3.7% | 71% | +31.0% | −8.9% |
| February | +3.4% | +4.3% | 69% | +17.8% | −18.9% |
| March | −0.5% | −0.3% | 48% | +21.3% | −17.9% |
| April | +2.6% | +1.8% | 64% | +23.4% | −18.6% |
| May | +1.6% | +0.8% | 60% | +24.3% | −14.2% |
| June | −0.8% | −1.6% | 40% | +16.5% | −17.5% |
| July | −0.1% | −0.1% | 48% | +13.6% | −11.6% |
| August | −1.4% | −1.6% | 37% | +12.8% | −20.3% |
| September | −2.3% | −2.6% | 39% | +11.0% | −26.8% |
| October | +2.5% | +1.9% | 68% | +15.6% | −28.7% |
| November | +3.7% | +4.1% | 71% | +22.1% | −19.2% |
| December | +1.4% | +1.9% | 63% | +22.4% | −17.7% |
| Year | Return |
|---|---|
| 2025 | +2.2% |
| 2024 | +23.3% |
| 2023 | +3.9% |
| 2022 | −43.9% |
| 2021 | −14.5% |
| 2020 | +25.3% |
| 2019 | +31.9% |
| 2018 | +2.0% |
| 2017 | +3.2% |
| 2016 | −0.8% |
| 2015 | +11.6% |
| 2014 | +23.3% |
| 2013 | +53.4% |
| 2012 | +32.8% |
| 2011 | 0.0% |
| 2010 | +16.3% |
| 2009 | +42.1% |
| 2008 | −29.7% |
| 2007 | −4.5% |
| 2006 | +43.0% |
| 2005 | −13.8% |
| 2004 | +19.2% |
| 2003 | +43.0% |
| 2002 | −21.3% |
| 2001 | −28.4% |
| 2000 | −1.1% |
| 1999 | −2.5% |
| 1998 | −9.1% |
| 1997 | +41.9% |
| 1996 | +18.5% |
| 1995 | +28.0% |
| 1994 | +7.9% |
| 1993 | −0.9% |
| 1992 | +50.2% |
| 1991 | +12.8% |
| 1990 | −9.4% |
| 1989 | +70.3% |
| 1988 | +11.0% |
| 1987 | +37.4% |
| 1986 | +52.8% |
| 1985 | +51.8% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.