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 | −0.4% | −1.3% | 34% | +14.1% | −12.8% |
| February | +0.2% | 0.0% | 45% | +14.3% | −13.6% |
| March | +2.1% | +2.9% | 64% | +14.6% | −17.7% |
| April | −1.5% | −1.5% | 38% | +13.5% | −11.1% |
| May | +2.5% | +2.3% | 69% | +19.0% | −6.6% |
| June | +0.6% | −0.2% | 43% | +13.6% | −8.9% |
| July | 0.0% | +0.6% | 62% | +11.5% | −10.8% |
| August | +0.9% | +1.1% | 65% | +16.2% | −9.5% |
| September | +0.9% | +1.5% | 59% | +10.5% | −9.8% |
| October | +0.5% | +0.9% | 66% | +17.6% | −15.5% |
| November | +1.0% | +1.1% | 56% | +14.0% | −13.5% |
| December | +1.4% | +0.7% | 59% | +13.1% | −8.0% |
| Year | Return |
|---|---|
| 2025 | −27.1% |
| 2024 | −2.1% |
| 2023 | −22.3% |
| 2022 | +24.4% |
| 2021 | +14.6% |
| 2020 | +9.8% |
| 2019 | +37.5% |
| 2018 | −34.3% |
| 2017 | −4.0% |
| 2016 | +7.1% |
| 2015 | +8.1% |
| 2014 | +6.9% |
| 2013 | +23.5% |
| 2012 | 0.0% |
| 2011 | +13.5% |
| 2010 | +0.5% |
| 2009 | +16.6% |
| 2008 | +6.6% |
| 2007 | −1.0% |
| 2006 | +16.8% |
| 2005 | −0.8% |
| 2004 | +9.7% |
| 2003 | −3.5% |
| 2002 | −9.7% |
| 2001 | +16.7% |
| 2000 | +24.7% |
| 1999 | −8.0% |
| 1998 | +8.6% |
| 1997 | +12.6% |
| 1996 | +10.2% |
| 1995 | +22.3% |
| 1994 | −6.0% |
| 1993 | −11.3% |
| 1992 | −7.0% |
| 1991 | +50.3% |
| 1990 | +35.4% |
| 1989 | +39.5% |
| 1988 | +4.5% |
| 1987 | +15.1% |
| 1986 | +41.1% |
| 1985 | +10.9% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.