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% | +3.5% | 61% | +31.8% | −19.1% |
| February | +2.1% | +2.5% | 55% | +25.7% | −15.1% |
| March | +0.7% | −1.4% | 43% | +21.9% | −22.5% |
| April | +2.4% | +1.0% | 52% | +24.2% | −17.3% |
| May | +1.6% | +1.5% | 60% | +17.3% | −22.9% |
| June | 0.0% | 0.0% | 48% | +19.5% | −20.2% |
| July | +1.8% | +1.7% | 64% | +19.9% | −26.4% |
| August | −0.1% | +0.1% | 51% | +12.8% | −30.6% |
| September | −2.6% | +0.1% | 51% | +21.3% | −28.3% |
| October | +1.2% | +1.8% | 59% | +31.7% | −34.7% |
| November | +1.7% | +1.7% | 56% | +21.3% | −23.2% |
| December | +1.3% | +0.7% | 56% | +23.2% | −17.0% |
| Year | Return |
|---|---|
| 2025 | +34.4% |
| 2024 | +40.9% |
| 2023 | +26.8% |
| 2022 | −15.3% |
| 2021 | +24.6% |
| 2020 | −8.8% |
| 2019 | +42.8% |
| 2018 | −8.7% |
| 2017 | +23.9% |
| 2016 | +30.7% |
| 2015 | +5.5% |
| 2014 | +7.0% |
| 2013 | +33.0% |
| 2012 | +32.2% |
| 2011 | −21.6% |
| 2010 | +1.8% |
| 2009 | +32.2% |
| 2008 | −27.8% |
| 2007 | −9.6% |
| 2006 | +21.7% |
| 2005 | +1.7% |
| 2004 | +6.2% |
| 2003 | +53.0% |
| 2002 | −34.0% |
| 2001 | −20.0% |
| 2000 | −12.3% |
| 1999 | +9.4% |
| 1998 | +29.7% |
| 1997 | +22.5% |
| 1996 | +52.1% |
| 1995 | +63.8% |
| 1994 | −10.6% |
| 1993 | +3.9% |
| 1992 | +81.8% |
| 1991 | +97.7% |
| 1990 | −64.0% |
| 1989 | −3.6% |
| 1988 | +45.0% |
| 1987 | −49.4% |
| 1986 | −6.9% |
| 1985 | +21.0% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.