Historical month-by-month and year-by-year returns
Based on 38 calendar years of monthly closes, starting 1989.
| Month | Average | Median | % Positive | Best | Worst |
|---|---|---|---|---|---|
| January | +0.2% | +0.3% | 51% | +25.5% | −19.9% |
| February | +1.8% | +0.6% | 54% | +36.3% | −26.2% |
| March | +4.7% | +3.8% | 81% | +38.9% | −43.2% |
| April | +3.6% | +1.5% | 57% | +32.3% | −14.0% |
| May | +1.8% | −0.3% | 49% | +30.7% | −14.8% |
| June | −0.3% | +0.2% | 51% | +13.9% | −20.8% |
| July | −0.5% | +0.3% | 51% | +15.8% | −23.4% |
| August | +1.1% | +1.0% | 55% | +29.4% | −18.1% |
| September | +1.6% | +1.9% | 58% | +34.6% | −23.3% |
| October | +1.1% | −0.1% | 50% | +25.9% | −19.3% |
| November | +0.8% | +1.0% | 51% | +36.9% | −18.1% |
| December | +1.6% | +2.3% | 59% | +28.7% | −21.7% |
| Year | Return |
|---|---|
| 2025 | −14.3% |
| 2024 | +1.3% |
| 2023 | −6.6% |
| 2022 | +45.8% |
| 2021 | +78.1% |
| 2020 | −40.5% |
| 2019 | −4.0% |
| 2018 | −19.2% |
| 2017 | +6.7% |
| 2016 | +42.8% |
| 2015 | −23.1% |
| 2014 | +9.7% |
| 2013 | +39.0% |
| 2012 | +22.6% |
| 2011 | +7.8% |
| 2010 | −6.1% |
| 2009 | +46.1% |
| 2008 | −25.4% |
| 2007 | +42.9% |
| 2006 | −14.9% |
| 2005 | +105.6% |
| 2004 | +54.6% |
| 2003 | +15.7% |
| 2002 | +2.1% |
| 2001 | −28.4% |
| 2000 | +211.0% |
| 1999 | +1.8% |
| 1998 | −18.6% |
| 1997 | −16.1% |
| 1996 | +5.2% |
| 1995 | +28.0% |
| 1994 | −3.8% |
| 1993 | +32.8% |
| 1992 | +50.6% |
| 1991 | −8.2% |
| 1990 | −15.8% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.