Historical month-by-month and year-by-year returns
Based on 47 calendar years of monthly closes, starting 1980.
| Month | Average | Median | % Positive | Best | Worst |
|---|---|---|---|---|---|
| January | +6.7% | +3.1% | 59% | +67.0% | −22.0% |
| February | +2.8% | +2.1% | 59% | +32.9% | −22.1% |
| March | +0.5% | +1.0% | 52% | +23.6% | −20.4% |
| April | +3.5% | +2.3% | 57% | +39.6% | −22.7% |
| May | +2.2% | +2.7% | 57% | +46.9% | −33.8% |
| June | +1.8% | +0.8% | 54% | +57.0% | −19.1% |
| July | +0.9% | +1.4% | 54% | +26.3% | −39.4% |
| August | −0.6% | −1.4% | 38% | +23.2% | −32.2% |
| September | −1.9% | −2.9% | 42% | +25.8% | −37.2% |
| October | +3.2% | +4.6% | 64% | +50.0% | −39.2% |
| November | +3.3% | −0.5% | 48% | +46.4% | −19.3% |
| December | +4.3% | +3.1% | 70% | +34.6% | −24.5% |
| Year | Return |
|---|---|
| 2025 | +92.8% |
| 2024 | +8.4% |
| 2023 | +54.2% |
| 2022 | −12.3% |
| 2021 | +66.1% |
| 2020 | +45.3% |
| 2019 | +99.1% |
| 2018 | −14.8% |
| 2017 | +33.5% |
| 2016 | +13.5% |
| 2015 | −1.4% |
| 2014 | +9.1% |
| 2013 | +35.0% |
| 2012 | −1.0% |
| 2011 | +24.9% |
| 2010 | +6.9% |
| 2009 | +65.9% |
| 2008 | −54.8% |
| 2007 | −3.2% |
| 2006 | +0.9% |
| 2005 | +5.9% |
| 2004 | −20.4% |
| 2003 | +65.5% |
| 2002 | −28.6% |
| 2001 | +47.1% |
| 2000 | −39.5% |
| 1999 | +156.8% |
| 1998 | +12.3% |
| 1997 | +8.8% |
| 1996 | +36.2% |
| 1995 | +6.4% |
| 1994 | +76.6% |
| 1993 | +126.5% |
| 1992 | +10.1% |
| 1991 | +27.1% |
| 1990 | 0.0% |
| 1989 | −25.5% |
| 1988 | −14.5% |
| 1987 | +0.9% |
| 1986 | −40.8% |
| 1985 | +37.3% |
| 1984 | −3.4% |
| 1983 | +170.1% |
| 1982 | +108.1% |
| 1981 | −42.2% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.