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 | +0.7% | −0.8% | 49% | +23.2% | −15.3% |
| February | −0.1% | −0.1% | 50% | +16.7% | −20.2% |
| March | +1.1% | +1.3% | 62% | +24.2% | −12.6% |
| April | +1.9% | +1.0% | 55% | +23.2% | −13.3% |
| May | +2.0% | −0.2% | 45% | +18.3% | −17.9% |
| June | +2.9% | +3.4% | 67% | +31.2% | −12.8% |
| July | +0.2% | +0.9% | 57% | +17.0% | −14.5% |
| August | +0.6% | −0.6% | 44% | +21.9% | −29.7% |
| September | +0.6% | −0.1% | 49% | +19.1% | −16.1% |
| October | +0.8% | +1.1% | 56% | +14.3% | −23.2% |
| November | +3.1% | +2.5% | 73% | +24.6% | −13.0% |
| December | +3.2% | +1.3% | 56% | +17.9% | −7.9% |
| Year | Return |
|---|---|
| 2025 | +39.2% |
| 2024 | +32.4% |
| 2023 | +59.3% |
| 2022 | +32.4% |
| 2021 | +63.6% |
| 2020 | +28.5% |
| 2019 | +13.6% |
| 2018 | +37.0% |
| 2017 | +14.8% |
| 2016 | −12.7% |
| 2015 | +22.1% |
| 2014 | +35.3% |
| 2013 | +3.4% |
| 2012 | +18.7% |
| 2011 | +18.6% |
| 2010 | −1.9% |
| 2009 | −11.3% |
| 2008 | −24.6% |
| 2007 | +2.5% |
| 2006 | −7.9% |
| 2005 | −0.3% |
| 2004 | −19.3% |
| 2003 | +10.8% |
| 2002 | −19.1% |
| 2001 | −15.6% |
| 2000 | +39.9% |
| 1999 | −25.2% |
| 1998 | +27.6% |
| 1997 | +90.8% |
| 1996 | +29.8% |
| 1995 | +71.4% |
| 1994 | +10.5% |
| 1993 | −2.3% |
| 1992 | −27.2% |
| 1991 | +14.0% |
| 1990 | +6.9% |
| 1989 | +60.2% |
| 1988 | +9.6% |
| 1987 | +5.1% |
| 1986 | +33.2% |
| 1985 | +56.2% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.