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 | +0.5% | +1.2% | 56% | +16.1% | −12.9% |
| February | −0.1% | +0.3% | 55% | +14.0% | −16.3% |
| March | +1.8% | +2.1% | 62% | +16.7% | −10.1% |
| April | +2.7% | +1.4% | 57% | +17.4% | −8.6% |
| May | +0.4% | +0.3% | 52% | +12.8% | −9.3% |
| June | +1.0% | +1.4% | 52% | +13.8% | −14.8% |
| July | +1.9% | +1.8% | 64% | +11.5% | −12.0% |
| August | +0.5% | +0.5% | 53% | +12.3% | −10.7% |
| September | 0.0% | −0.1% | 49% | +13.4% | −13.4% |
| October | +2.0% | +1.9% | 71% | +14.0% | −16.2% |
| November | +1.4% | +0.6% | 59% | +9.7% | −8.8% |
| December | +1.1% | +1.3% | 68% | +18.8% | −12.2% |
| Year | Return |
|---|---|
| 2025 | +43.1% |
| 2024 | −7.7% |
| 2023 | −11.3% |
| 2022 | +3.3% |
| 2021 | +8.7% |
| 2020 | +7.9% |
| 2019 | +13.0% |
| 2018 | −7.6% |
| 2017 | +21.3% |
| 2016 | +12.2% |
| 2015 | −1.8% |
| 2014 | +14.2% |
| 2013 | +30.7% |
| 2012 | +6.9% |
| 2011 | +6.0% |
| 2010 | −4.0% |
| 2009 | +7.7% |
| 2008 | −10.3% |
| 2007 | +1.0% |
| 2006 | +9.9% |
| 2005 | −5.2% |
| 2004 | +22.8% |
| 2003 | −3.8% |
| 2002 | −9.1% |
| 2001 | +12.5% |
| 2000 | +12.7% |
| 1999 | +11.2% |
| 1998 | +27.3% |
| 1997 | +32.4% |
| 1996 | +16.4% |
| 1995 | +56.2% |
| 1994 | +22.0% |
| 1993 | −11.1% |
| 1992 | −11.8% |
| 1991 | +59.6% |
| 1990 | +20.8% |
| 1989 | +39.5% |
| 1988 | +13.7% |
| 1987 | +14.1% |
| 1986 | +24.7% |
| 1985 | +34.9% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.