Historical month-by-month and year-by-year returns
Based on 32 calendar years of monthly closes, starting 1995.
| Month | Average | Median | % Positive | Best | Worst |
|---|---|---|---|---|---|
| January | +0.6% | +1.4% | 55% | +16.4% | −15.8% |
| February | +1.6% | +1.1% | 61% | +20.8% | −15.2% |
| March | +1.7% | +2.3% | 71% | +16.0% | −34.4% |
| April | +2.0% | +2.4% | 65% | +21.3% | −14.6% |
| May | +0.3% | +1.7% | 61% | +16.0% | −25.4% |
| June | +1.2% | −0.1% | 48% | +20.7% | −13.7% |
| July | −0.8% | −1.1% | 42% | +15.5% | −13.9% |
| August | +0.2% | −1.2% | 41% | +23.2% | −10.8% |
| September | −2.6% | −1.3% | 43% | +12.8% | −15.1% |
| October | +1.6% | +0.6% | 60% | +27.9% | −30.8% |
| November | +3.3% | +2.9% | 67% | +20.5% | −22.6% |
| December | +3.4% | +2.8% | 71% | +19.6% | −8.8% |
| Year | Return |
|---|---|
| 2025 | +39.7% |
| 2024 | −48.7% |
| 2023 | −41.1% |
| 2022 | −33.0% |
| 2021 | +39.1% |
| 2020 | +28.9% |
| 2019 | +58.8% |
| 2018 | +2.2% |
| 2017 | +66.3% |
| 2016 | −13.1% |
| 2015 | +15.6% |
| 2014 | +1.2% |
| 2013 | +25.8% |
| 2012 | +6.6% |
| 2011 | +39.2% |
| 2010 | +66.9% |
| 2009 | +56.2% |
| 2008 | −29.0% |
| 2007 | +6.8% |
| 2006 | +21.9% |
| 2005 | −26.9% |
| 2004 | +16.6% |
| 2003 | +48.7% |
| 2002 | −17.7% |
| 2001 | −26.8% |
| 2000 | −13.1% |
| 1999 | +18.0% |
| 1998 | +66.2% |
| 1997 | +1.1% |
| 1996 | +45.9% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.