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 | +2.6% | +3.6% | 63% | +22.0% | −18.0% |
| February | +2.8% | +1.9% | 55% | +24.2% | −21.7% |
| March | +0.4% | +0.4% | 55% | +18.4% | −16.5% |
| April | +0.9% | +0.8% | 52% | +18.9% | −13.7% |
| May | +2.9% | +1.3% | 55% | +29.9% | −17.3% |
| June | −1.7% | −2.4% | 36% | +15.1% | −20.0% |
| July | +1.3% | +1.7% | 64% | +25.0% | −13.8% |
| August | −1.5% | −0.6% | 47% | +18.1% | −26.0% |
| September | −2.8% | −2.9% | 41% | +13.1% | −30.8% |
| October | +0.4% | +1.3% | 56% | +35.4% | −28.9% |
| November | +4.8% | +3.4% | 59% | +30.7% | −32.0% |
| December | +2.1% | +2.3% | 63% | +27.7% | −11.0% |
| Year | Return |
|---|---|
| 2025 | −31.7% |
| 2024 | +8.4% |
| 2023 | +12.0% |
| 2022 | −28.7% |
| 2021 | +53.2% |
| 2020 | +19.7% |
| 2019 | +0.4% |
| 2018 | −2.6% |
| 2017 | +41.6% |
| 2016 | +25.3% |
| 2015 | −35.0% |
| 2014 | +43.4% |
| 2013 | +96.4% |
| 2012 | −44.7% |
| 2011 | −38.8% |
| 2010 | −18.3% |
| 2009 | +41.9% |
| 2008 | −28.1% |
| 2007 | +22.6% |
| 2006 | +43.9% |
| 2005 | +36.5% |
| 2004 | −8.7% |
| 2003 | +32.3% |
| 2002 | −15.5% |
| 2001 | −34.9% |
| 2000 | −44.5% |
| 1999 | +66.5% |
| 1998 | +9.5% |
| 1997 | +24.1% |
| 1996 | +20.0% |
| 1995 | +67.7% |
| 1994 | +26.4% |
| 1993 | +13.1% |
| 1992 | +22.6% |
| 1991 | +78.8% |
| 1990 | −32.5% |
| 1989 | −11.3% |
| 1988 | −8.6% |
| 1987 | +39.1% |
| 1986 | +13.9% |
| 1985 | −2.0% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.