Historical month-by-month and year-by-year returns
Based on 35 calendar years of monthly closes, starting 1992.
| Month | Average | Median | % Positive | Best | Worst |
|---|---|---|---|---|---|
| January | −1.4% | −1.1% | 38% | +13.5% | −19.0% |
| February | +1.9% | +2.4% | 65% | +15.4% | −17.2% |
| March | +3.7% | +2.5% | 74% | +23.3% | −9.4% |
| April | +3.4% | +2.3% | 71% | +43.5% | −11.3% |
| May | +0.6% | +0.5% | 59% | +10.0% | −8.2% |
| June | +0.4% | +0.4% | 59% | +11.2% | −11.4% |
| July | +1.8% | +1.6% | 54% | +15.6% | −9.2% |
| August | −0.2% | +0.6% | 53% | +11.9% | −27.2% |
| September | −1.5% | −0.9% | 38% | +10.7% | −20.1% |
| October | +1.9% | +2.1% | 65% | +23.1% | −14.9% |
| November | +2.4% | +1.7% | 71% | +16.4% | −12.4% |
| December | +1.8% | +1.7% | 65% | +23.5% | −9.2% |
| Year | Return |
|---|---|
| 2025 | +1.8% |
| 2024 | +1.9% |
| 2023 | +25.9% |
| 2022 | −5.8% |
| 2021 | +31.5% |
| 2020 | +23.8% |
| 2019 | +36.4% |
| 2018 | +0.9% |
| 2017 | +32.0% |
| 2016 | +14.4% |
| 2015 | −21.0% |
| 2014 | −0.4% |
| 2013 | +18.8% |
| 2012 | +2.4% |
| 2011 | +12.0% |
| 2010 | +18.9% |
| 2009 | +35.3% |
| 2008 | −33.1% |
| 2007 | +49.5% |
| 2006 | +12.0% |
| 2005 | +20.0% |
| 2004 | +15.6% |
| 2003 | +32.2% |
| 2002 | +4.6% |
| 2001 | +24.5% |
| 2000 | −11.8% |
| 1999 | +42.7% |
| 1998 | −21.7% |
| 1997 | −2.4% |
| 1996 | +37.2% |
| 1995 | +64.0% |
| 1994 | +23.3% |
| 1993 | −0.7% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.