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 | −0.9% | −0.8% | 41% | +12.9% | −12.2% |
| February | +1.5% | +1.7% | 67% | +14.8% | −15.3% |
| March | +1.5% | +2.1% | 71% | +12.8% | −17.3% |
| April | +1.8% | +1.7% | 69% | +14.1% | −7.6% |
| May | +2.8% | +1.5% | 69% | +18.4% | −7.0% |
| June | 0.0% | +0.5% | 52% | +9.1% | −9.5% |
| July | +1.8% | +2.5% | 64% | +20.6% | −13.1% |
| August | −0.4% | +0.3% | 51% | +9.4% | −19.1% |
| September | −1.4% | −1.2% | 37% | +10.1% | −19.3% |
| October | +2.4% | +2.7% | 68% | +22.3% | −16.7% |
| November | +2.1% | +1.5% | 66% | +16.2% | −10.3% |
| December | +1.1% | +0.8% | 61% | +15.7% | −13.5% |
| Year | Return |
|---|---|
| 2025 | +12.3% |
| 2024 | +5.7% |
| 2023 | −7.4% |
| 2022 | +7.4% |
| 2021 | +8.0% |
| 2020 | −0.9% |
| 2019 | +16.9% |
| 2018 | +3.2% |
| 2017 | +10.7% |
| 2016 | −3.5% |
| 2015 | +1.8% |
| 2014 | +2.2% |
| 2013 | +14.0% |
| 2012 | +3.6% |
| 2011 | +6.4% |
| 2010 | +15.4% |
| 2009 | +25.9% |
| 2008 | −26.2% |
| 2007 | +27.2% |
| 2006 | +19.7% |
| 2005 | −3.2% |
| 2004 | −18.0% |
| 2003 | +15.8% |
| 2002 | −7.0% |
| 2001 | −22.6% |
| 2000 | +4.6% |
| 1999 | −13.1% |
| 1998 | +0.5% |
| 1997 | +26.7% |
| 1996 | +41.8% |
| 1995 | +44.2% |
| 1994 | +15.4% |
| 1993 | +6.6% |
| 1992 | +4.4% |
| 1991 | +72.6% |
| 1990 | +20.4% |
| 1989 | +73.1% |
| 1988 | +17.0% |
| 1987 | +1.0% |
| 1986 | +34.0% |
| 1985 | +40.8% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.