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% | +1.1% | 59% | +15.6% | −23.8% |
| February | −0.5% | −1.8% | 40% | +26.8% | −37.6% |
| March | −0.9% | −0.4% | 50% | +17.3% | −59.4% |
| April | +1.5% | +0.2% | 50% | +36.4% | −23.9% |
| May | +4.4% | +4.6% | 62% | +29.6% | −26.8% |
| June | 0.0% | +2.0% | 64% | +30.1% | −22.1% |
| July | +1.8% | +2.0% | 60% | +50.0% | −21.2% |
| August | +1.7% | +1.6% | 60% | +21.5% | −52.4% |
| September | +0.6% | +0.7% | 56% | +26.6% | −24.4% |
| October | +0.7% | +0.8% | 51% | +19.0% | −28.8% |
| November | +2.6% | +2.2% | 59% | +32.5% | −16.8% |
| December | +2.7% | +2.2% | 56% | +27.1% | −14.4% |
| Year | Return |
|---|---|
| 2025 | +1.0% |
| 2024 | −44.6% |
| 2023 | −10.6% |
| 2022 | +10.4% |
| 2021 | +13.1% |
| 2020 | +11.9% |
| 2019 | +27.9% |
| 2018 | +15.5% |
| 2017 | +21.6% |
| 2016 | +14.3% |
| 2015 | +24.3% |
| 2014 | +39.1% |
| 2013 | +50.4% |
| 2012 | −21.7% |
| 2011 | +60.0% |
| 2010 | +24.7% |
| 2009 | +17.7% |
| 2008 | −50.5% |
| 2007 | +36.2% |
| 2006 | +1.8% |
| 2005 | +83.0% |
| 2004 | +29.9% |
| 2003 | +128.5% |
| 2002 | −15.2% |
| 2001 | −22.7% |
| 2000 | +86.3% |
| 1999 | −54.0% |
| 1998 | −14.2% |
| 1997 | +9.2% |
| 1996 | −30.6% |
| 1995 | +21.0% |
| 1994 | +27.5% |
| 1993 | −13.4% |
| 1992 | −23.7% |
| 1991 | −4.3% |
| 1990 | −4.3% |
| 1989 | +73.4% |
| 1988 | +31.8% |
| 1987 | +0.7% |
| 1986 | −38.8% |
| 1985 | +12.6% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.