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 | +5.4% | +3.5% | 63% | +48.8% | −20.9% |
| February | +1.0% | +0.3% | 52% | +22.1% | −22.8% |
| March | +1.2% | −0.6% | 48% | +31.0% | −13.0% |
| April | +4.5% | +2.8% | 62% | +114.1% | −31.0% |
| May | +1.8% | +1.2% | 52% | +22.2% | −13.7% |
| June | −0.2% | −0.5% | 45% | +21.8% | −33.9% |
| July | +0.9% | +1.6% | 57% | +29.5% | −35.4% |
| August | −0.2% | −0.8% | 49% | +26.0% | −28.3% |
| September | −0.6% | −0.3% | 49% | +37.8% | −44.5% |
| October | +2.5% | +3.7% | 61% | +24.6% | −32.5% |
| November | +3.3% | +1.6% | 71% | +33.7% | −19.2% |
| December | +0.8% | +2.2% | 56% | +23.3% | −25.4% |
| Year | Return |
|---|---|
| 2025 | +84.0% |
| 2024 | −60.1% |
| 2023 | +90.1% |
| 2022 | −48.7% |
| 2021 | +3.4% |
| 2020 | −16.8% |
| 2019 | +27.5% |
| 2018 | +1.7% |
| 2017 | +27.3% |
| 2016 | +5.3% |
| 2015 | −5.1% |
| 2014 | +39.8% |
| 2013 | +25.9% |
| 2012 | −15.0% |
| 2011 | +15.3% |
| 2010 | +3.1% |
| 2009 | +39.2% |
| 2008 | −45.0% |
| 2007 | +31.7% |
| 2006 | −18.9% |
| 2005 | +6.7% |
| 2004 | −27.0% |
| 2003 | +105.8% |
| 2002 | −50.5% |
| 2001 | +4.6% |
| 2000 | −27.0% |
| 1999 | +38.9% |
| 1998 | +68.8% |
| 1997 | +7.3% |
| 1996 | +130.7% |
| 1995 | +77.7% |
| 1994 | +3.0% |
| 1993 | +42.5% |
| 1992 | +77.6% |
| 1991 | +27.3% |
| 1990 | +11.6% |
| 1989 | +45.3% |
| 1988 | −10.4% |
| 1987 | +89.3% |
| 1986 | −28.2% |
| 1985 | −4.9% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.