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 | +0.7% | +0.7% | 56% | +5.8% | −3.6% |
| February | +0.3% | +0.4% | 60% | +5.0% | −5.3% |
| March | 0.0% | +0.3% | 52% | +9.4% | −7.0% |
| April | −0.6% | −0.7% | 33% | +4.7% | −5.2% |
| May | +0.6% | +0.6% | 57% | +5.8% | −4.9% |
| June | −0.2% | −0.4% | 43% | +5.1% | −5.1% |
| July | −0.5% | −0.2% | 45% | +4.1% | −6.1% |
| August | +0.1% | −0.1% | 47% | +5.7% | −3.7% |
| September | −0.4% | −0.1% | 46% | +6.0% | −5.4% |
| October | +0.1% | −0.1% | 44% | +8.1% | −5.0% |
| November | 0.0% | +0.3% | 54% | +5.1% | −5.0% |
| December | −0.9% | −0.8% | 34% | +4.0% | −6.0% |
| Year | Return |
|---|---|
| 2025 | −9.4% |
| 2024 | +7.1% |
| 2023 | −2.1% |
| 2022 | +8.2% |
| 2021 | +6.4% |
| 2020 | −6.7% |
| 2019 | +0.2% |
| 2018 | +4.4% |
| 2017 | −10.0% |
| 2016 | +3.8% |
| 2015 | +9.3% |
| 2014 | +12.8% |
| 2013 | +0.3% |
| 2012 | −0.5% |
| 2011 | +1.4% |
| 2010 | +1.5% |
| 2009 | −4.2% |
| 2008 | +6.0% |
| 2007 | −8.4% |
| 2006 | −8.2% |
| 2005 | +12.8% |
| 2004 | −7.0% |
| 2003 | −14.7% |
| 2002 | −12.8% |
| 2001 | +6.6% |
| 2000 | +7.5% |
| 1999 | +8.2% |
| 1998 | −5.5% |
| 1997 | +13.0% |
| 1996 | +4.0% |
| 1995 | −4.5% |
| 1994 | −8.4% |
| 1993 | +4.9% |
| 1992 | +10.6% |
| 1991 | +0.5% |
| 1990 | −10.9% |
| 1989 | +0.8% |
| 1988 | +8.3% |
| 1987 | −17.5% |
| 1986 | −16.1% |
| 1985 | −19.2% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.