Historical month-by-month and year-by-year returns
Based on 35 calendar years of monthly closes, starting 1992.
| Month | Average | Median | % Positive | Best | Worst |
|---|---|---|---|---|---|
| January | +4.5% | +5.0% | 59% | +36.8% | −18.4% |
| February | +0.8% | −1.2% | 43% | +63.4% | −18.8% |
| March | −1.1% | 0.0% | 49% | +23.5% | −25.0% |
| April | +1.0% | 0.0% | 51% | +50.7% | −21.2% |
| May | +2.1% | +2.7% | 57% | +22.6% | −14.8% |
| June | +2.3% | +2.1% | 63% | +30.1% | −27.3% |
| July | +1.7% | +1.9% | 57% | +48.3% | −26.7% |
| August | +3.5% | +0.6% | 58% | +45.7% | −22.3% |
| September | +3.1% | +1.4% | 56% | +37.1% | −17.6% |
| October | +0.3% | +0.3% | 53% | +31.2% | −27.7% |
| November | +4.0% | +4.7% | 65% | +34.6% | −24.0% |
| December | +1.0% | −1.4% | 38% | +31.9% | −13.7% |
| Year | Return |
|---|---|
| 2025 | +32.9% |
| 2024 | +14.0% |
| 2023 | −5.6% |
| 2022 | +18.2% |
| 2021 | +24.6% |
| 2020 | −10.3% |
| 2019 | +3.9% |
| 2018 | −12.7% |
| 2017 | 0.0% |
| 2016 | −29.2% |
| 2015 | +7.4% |
| 2014 | +25.5% |
| 2013 | +104.5% |
| 2012 | +79.5% |
| 2011 | +12.9% |
| 2010 | −16.2% |
| 2009 | −15.4% |
| 2008 | +11.1% |
| 2007 | +41.7% |
| 2006 | +23.5% |
| 2005 | +50.2% |
| 2004 | +20.1% |
| 2003 | +71.4% |
| 2002 | +3.5% |
| 2001 | +58.5% |
| 2000 | +53.2% |
| 1999 | +31.8% |
| 1998 | +7.4% |
| 1997 | +53.0% |
| 1996 | −21.9% |
| 1995 | +236.8% |
| 1994 | −20.8% |
| 1993 | −37.7% |
| 1992 | −7.2% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.