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 | +0.6% | +0.2% | 51% | +22.4% | −17.6% |
| February | +2.5% | +2.1% | 60% | +21.7% | −13.9% |
| March | +2.2% | +1.4% | 60% | +21.5% | −14.3% |
| April | +1.7% | +2.6% | 64% | +17.7% | −12.9% |
| May | +2.7% | +0.9% | 57% | +29.7% | −13.3% |
| June | −0.2% | 0.0% | 48% | +16.0% | −19.7% |
| July | +1.4% | +1.4% | 60% | +20.2% | −23.0% |
| August | +1.3% | −0.5% | 49% | +18.7% | −14.9% |
| September | −0.8% | −0.8% | 44% | +13.9% | −20.7% |
| October | +0.8% | +1.7% | 56% | +16.4% | −28.6% |
| November | +4.2% | +4.0% | 76% | +22.0% | −9.4% |
| December | +3.8% | +3.6% | 56% | +30.2% | −9.4% |
| Year | Return |
|---|---|
| 2025 | −11.5% |
| 2024 | +12.2% |
| 2023 | +9.7% |
| 2022 | −23.9% |
| 2021 | +56.2% |
| 2020 | +21.6% |
| 2019 | +27.1% |
| 2018 | −9.3% |
| 2017 | +41.4% |
| 2016 | +1.4% |
| 2015 | +26.0% |
| 2014 | +27.5% |
| 2013 | +33.1% |
| 2012 | +47.1% |
| 2011 | +19.9% |
| 2010 | +21.2% |
| 2009 | +25.7% |
| 2008 | −14.6% |
| 2007 | −32.9% |
| 2006 | −0.8% |
| 2005 | −5.3% |
| 2004 | +20.4% |
| 2003 | +47.8% |
| 2002 | −52.9% |
| 2001 | +11.6% |
| 2000 | −33.5% |
| 1999 | +68.5% |
| 1998 | +107.9% |
| 1997 | +76.2% |
| 1996 | +5.0% |
| 1995 | +3.8% |
| 1994 | +16.5% |
| 1993 | −22.0% |
| 1992 | +50.3% |
| 1991 | +161.7% |
| 1990 | +58.2% |
| 1989 | +73.7% |
| 1988 | +68.7% |
| 1987 | +57.3% |
| 1986 | +43.0% |
| 1985 | −24.8% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.