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% | +0.1% | 51% | +21.1% | −16.1% |
| February | +2.3% | +3.3% | 74% | +16.2% | −14.0% |
| March | +3.8% | +3.4% | 67% | +23.3% | −16.1% |
| April | +0.2% | +1.4% | 57% | +8.7% | −12.4% |
| May | +0.9% | +1.3% | 57% | +19.6% | −11.5% |
| June | +1.7% | +3.1% | 60% | +16.9% | −21.7% |
| July | +1.4% | +1.8% | 55% | +19.0% | −13.2% |
| August | 0.0% | +0.5% | 53% | +16.6% | −19.5% |
| September | 0.0% | −1.8% | 39% | +56.6% | −22.0% |
| October | −1.1% | 0.0% | 49% | +12.1% | −67.8% |
| November | +2.8% | +2.5% | 59% | +24.9% | −8.4% |
| December | −0.2% | +0.8% | 56% | +14.5% | −50.0% |
| Year | Return |
|---|---|
| 2025 | +2.2% |
| 2024 | +33.8% |
| 2023 | +2.5% |
| 2022 | −1.5% |
| 2021 | +42.5% |
| 2020 | +9.6% |
| 2019 | +5.4% |
| 2018 | +0.2% |
| 2017 | −20.5% |
| 2016 | −17.5% |
| 2015 | +30.3% |
| 2014 | +62.4% |
| 2013 | +51.9% |
| 2012 | +7.4% |
| 2011 | +8.3% |
| 2010 | +8.9% |
| 2009 | −22.3% |
| 2008 | −1.1% |
| 2007 | +15.8% |
| 2006 | +22.2% |
| 2005 | +7.6% |
| 2004 | −5.2% |
| 2003 | +19.8% |
| 2002 | −26.0% |
| 2001 | −22.9% |
| 2000 | +43.4% |
| 1999 | −37.6% |
| 1998 | +64.6% |
| 1997 | +58.1% |
| 1996 | +24.4% |
| 1995 | +54.9% |
| 1994 | +19.9% |
| 1993 | +37.6% |
| 1992 | −25.9% |
| 1991 | +38.6% |
| 1990 | −3.4% |
| 1989 | +66.2% |
| 1988 | −64.1% |
| 1987 | −17.2% |
| 1986 | +24.8% |
| 1985 | +23.2% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.