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 | +0.8% | +0.4% | 51% | +12.9% | −14.8% |
| February | +3.3% | +3.1% | 71% | +17.4% | −17.9% |
| March | +0.4% | −0.5% | 48% | +11.2% | −14.4% |
| April | +3.6% | +2.4% | 71% | +28.2% | −10.3% |
| May | +0.6% | +1.6% | 55% | +11.3% | −13.6% |
| June | −0.6% | −0.4% | 48% | +14.3% | −13.4% |
| July | +1.7% | +2.2% | 60% | +19.9% | −16.4% |
| August | −1.1% | −0.9% | 40% | +12.2% | −15.3% |
| September | −1.5% | −1.2% | 44% | +18.7% | −23.2% |
| October | +1.3% | +2.5% | 63% | +26.3% | −29.3% |
| November | +4.0% | +4.3% | 73% | +16.7% | −9.3% |
| December | +1.8% | +3.0% | 68% | +14.1% | −11.6% |
| Year | Return |
|---|---|
| 2025 | −4.0% |
| 2024 | +37.8% |
| 2023 | +53.4% |
| 2022 | −9.2% |
| 2021 | +43.8% |
| 2020 | +26.8% |
| 2019 | +38.0% |
| 2018 | −13.1% |
| 2017 | +17.8% |
| 2016 | +28.9% |
| 2015 | −23.4% |
| 2014 | −10.7% |
| 2013 | +40.5% |
| 2012 | +24.5% |
| 2011 | −14.2% |
| 2010 | +59.6% |
| 2009 | +28.0% |
| 2008 | −48.7% |
| 2007 | +29.0% |
| 2006 | +12.0% |
| 2005 | −7.3% |
| 2004 | +34.0% |
| 2003 | +38.2% |
| 2002 | +5.0% |
| 2001 | +14.1% |
| 2000 | +3.5% |
| 1999 | +2.7% |
| 1998 | −20.8% |
| 1997 | +28.0% |
| 1996 | +30.1% |
| 1995 | +8.3% |
| 1994 | −2.0% |
| 1993 | +23.7% |
| 1992 | +26.3% |
| 1991 | +29.6% |
| 1990 | −12.5% |
| 1989 | +2.2% |
| 1988 | +5.5% |
| 1987 | +7.5% |
| 1986 | +15.0% |
| 1985 | +6.4% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.