Historical month-by-month and year-by-year returns
Based on 31 calendar years of monthly closes, starting 1996.
| Month | Average | Median | % Positive | Best | Worst |
|---|---|---|---|---|---|
| January | 0.0% | +0.5% | 57% | +12.0% | −12.0% |
| February | +0.2% | +1.0% | 63% | +7.8% | −12.6% |
| March | +0.8% | +0.5% | 57% | +13.6% | −11.2% |
| April | +1.2% | +1.3% | 61% | +9.6% | −8.1% |
| May | +0.1% | +1.5% | 55% | +10.1% | −8.7% |
| June | +0.6% | +0.6% | 58% | +10.5% | −8.3% |
| July | −0.4% | −0.4% | 42% | +7.5% | −11.1% |
| August | −0.7% | −0.5% | 44% | +9.2% | −16.6% |
| September | +0.2% | +1.4% | 53% | +9.7% | −8.8% |
| October | −0.1% | −0.1% | 47% | +21.1% | −15.6% |
| November | +1.0% | +1.1% | 63% | +11.6% | −7.4% |
| December | +0.1% | −0.1% | 50% | +10.6% | −8.4% |
| Year | Return |
|---|---|
| 2025 | +20.3% |
| 2024 | +4.6% |
| 2023 | +17.8% |
| 2022 | −18.7% |
| 2021 | −0.9% |
| 2020 | +14.0% |
| 2019 | +16.9% |
| 2018 | −15.4% |
| 2017 | +22.7% |
| 2016 | +0.8% |
| 2015 | +7.8% |
| 2014 | −7.4% |
| 2013 | +24.5% |
| 2012 | +7.0% |
| 2011 | −16.5% |
| 2010 | +12.0% |
| 2009 | +1.7% |
| 2008 | −27.9% |
| 2007 | −6.5% |
| 2006 | +5.1% |
| 2005 | +23.8% |
| 2004 | +13.3% |
| 2003 | +38.7% |
| 2002 | −9.9% |
| 2001 | −30.3% |
| 2000 | −32.2% |
| 1999 | +59.1% |
| 1998 | +3.8% |
| 1997 | −24.4% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.