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 | +0.1% | −3.7% | 48% | +36.6% | −32.1% |
| February | +5.6% | +2.6% | 55% | +65.9% | −21.2% |
| March | +2.8% | −0.1% | 48% | +35.5% | −32.2% |
| April | +2.3% | +0.7% | 52% | +40.8% | −22.0% |
| May | +0.5% | +1.1% | 52% | +27.6% | −21.1% |
| June | +0.4% | +0.7% | 55% | +27.6% | −29.5% |
| July | +1.0% | −0.4% | 48% | +21.7% | −36.9% |
| August | −0.7% | −1.6% | 45% | +22.1% | −21.5% |
| September | −1.3% | +0.2% | 52% | +20.0% | −36.4% |
| October | +1.1% | +2.6% | 58% | +32.2% | −48.9% |
| November | +5.1% | +3.7% | 65% | +37.3% | −30.5% |
| December | +1.0% | +0.3% | 52% | +36.2% | −24.8% |
| Year | Return |
|---|---|
| 2025 | +33.4% |
| 2024 | −10.5% |
| 2023 | +12.0% |
| 2022 | −8.9% |
| 2021 | +60.4% |
| 2020 | +98.3% |
| 2019 | +27.3% |
| 2018 | −45.6% |
| 2017 | +43.7% |
| 2016 | +94.8% |
| 2015 | −71.0% |
| 2014 | −38.1% |
| 2013 | +10.4% |
| 2012 | −7.0% |
| 2011 | −38.7% |
| 2010 | +49.6% |
| 2009 | +228.5% |
| 2008 | −76.1% |
| 2007 | +83.8% |
| 2006 | +3.6% |
| 2005 | +40.7% |
| 2004 | −9.3% |
| 2003 | +151.1% |
| 2002 | +25.3% |
| 2001 | +56.4% |
| 2000 | −59.5% |
| 1999 | +102.4% |
| 1998 | −33.7% |
| 1997 | −47.3% |
| 1996 | +6.2% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.