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 | +2.7% | +1.9% | 54% | +32.2% | −18.3% |
| February | +0.1% | −0.4% | 45% | +20.5% | −21.1% |
| March | +1.1% | +1.0% | 55% | +31.5% | −30.6% |
| April | +6.3% | +2.7% | 62% | +127.4% | −19.6% |
| May | +2.1% | +1.8% | 55% | +44.4% | −17.7% |
| June | −0.4% | +1.1% | 57% | +26.1% | −29.3% |
| July | +0.4% | −0.4% | 43% | +32.0% | −15.8% |
| August | −2.7% | −4.1% | 37% | +25.5% | −22.0% |
| September | −2.0% | −2.3% | 39% | +16.6% | −26.5% |
| October | 0.0% | +1.4% | 54% | +20.8% | −57.9% |
| November | +3.7% | +1.9% | 59% | +34.5% | −15.3% |
| December | +0.2% | +1.4% | 51% | +21.2% | −18.7% |
| Year | Return |
|---|---|
| 2025 | +32.5% |
| 2024 | −18.8% |
| 2023 | +4.8% |
| 2022 | −44.0% |
| 2021 | +136.3% |
| 2020 | −5.5% |
| 2019 | +21.6% |
| 2018 | −38.8% |
| 2017 | +3.0% |
| 2016 | −13.9% |
| 2015 | −9.1% |
| 2014 | +0.5% |
| 2013 | +19.2% |
| 2012 | +20.4% |
| 2011 | −35.9% |
| 2010 | +67.9% |
| 2009 | +336.7% |
| 2008 | −66.0% |
| 2007 | −10.4% |
| 2006 | −2.7% |
| 2005 | −47.3% |
| 2004 | −8.5% |
| 2003 | +72.0% |
| 2002 | −40.8% |
| 2001 | −32.9% |
| 2000 | −20.0% |
| 1999 | −9.2% |
| 1998 | +82.0% |
| 1997 | +50.6% |
| 1996 | +11.7% |
| 1995 | +3.6% |
| 1994 | −13.6% |
| 1993 | +50.4% |
| 1992 | +52.4% |
| 1991 | +5.6% |
| 1990 | −39.0% |
| 1989 | −13.6% |
| 1988 | +34.0% |
| 1987 | +34.0% |
| 1986 | +45.5% |
| 1985 | +19.0% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.