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 | −0.1% | −1.0% | 49% | +16.2% | −11.9% |
| February | +3.4% | +3.3% | 79% | +21.3% | −10.9% |
| March | +1.7% | +2.2% | 64% | +13.3% | −12.0% |
| April | +0.3% | +0.8% | 55% | +9.8% | −12.9% |
| May | +1.6% | +0.7% | 55% | +14.0% | −6.2% |
| June | +0.9% | +0.9% | 60% | +22.2% | −16.4% |
| July | +2.2% | +1.3% | 50% | +25.5% | −9.5% |
| August | +0.3% | −1.3% | 37% | +18.0% | −9.8% |
| September | 0.0% | 0.0% | 49% | +26.8% | −24.9% |
| October | +0.3% | +0.3% | 51% | +16.8% | −24.9% |
| November | +0.4% | +0.3% | 54% | +16.5% | −8.7% |
| December | +1.1% | +1.2% | 59% | +16.8% | −12.3% |
| Year | Return |
|---|---|
| 2025 | +7.5% |
| 2024 | −9.2% |
| 2023 | −19.5% |
| 2022 | +19.7% |
| 2021 | +27.0% |
| 2020 | +3.6% |
| 2019 | +37.1% |
| 2018 | −5.6% |
| 2017 | +9.7% |
| 2016 | +15.9% |
| 2015 | −14.1% |
| 2014 | +6.9% |
| 2013 | +34.6% |
| 2012 | +16.9% |
| 2011 | +31.0% |
| 2010 | +31.7% |
| 2009 | +3.0% |
| 2008 | −11.8% |
| 2007 | −20.9% |
| 2006 | −9.9% |
| 2005 | −0.5% |
| 2004 | +44.3% |
| 2003 | +14.2% |
| 2002 | −0.4% |
| 2001 | +5.2% |
| 2000 | +35.7% |
| 1999 | −23.7% |
| 1998 | +0.4% |
| 1997 | +41.6% |
| 1996 | +34.6% |
| 1995 | +34.4% |
| 1994 | −1.3% |
| 1993 | +4.3% |
| 1992 | +5.9% |
| 1991 | +18.3% |
| 1990 | +4.5% |
| 1989 | +38.0% |
| 1988 | +6.1% |
| 1987 | −0.5% |
| 1986 | +43.4% |
| 1985 | +37.3% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.