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 | +1.4% | +0.6% | 54% | +31.1% | −16.8% |
| February | +2.4% | +3.2% | 69% | +21.1% | −23.1% |
| March | +1.4% | +1.0% | 57% | +17.2% | −8.4% |
| April | +2.0% | +1.5% | 60% | +21.7% | −14.3% |
| May | +1.1% | +1.4% | 62% | +10.1% | −8.5% |
| June | +0.2% | −0.7% | 45% | +12.0% | −9.9% |
| July | +1.7% | +1.8% | 60% | +16.0% | −17.9% |
| August | +0.5% | +0.3% | 51% | +25.0% | −12.2% |
| September | +0.7% | +1.9% | 61% | +16.1% | −11.7% |
| October | −1.1% | +0.3% | 54% | +26.0% | −38.8% |
| November | +0.5% | +0.3% | 54% | +18.6% | −15.2% |
| December | +1.1% | +1.0% | 66% | +13.3% | −18.3% |
| Year | Return |
|---|---|
| 2025 | −0.5% |
| 2024 | +7.2% |
| 2023 | −6.8% |
| 2022 | +36.9% |
| 2021 | +0.1% |
| 2020 | −8.8% |
| 2019 | +48.7% |
| 2018 | −18.4% |
| 2017 | +28.5% |
| 2016 | +15.1% |
| 2015 | +12.8% |
| 2014 | +29.5% |
| 2013 | +61.1% |
| 2012 | +14.1% |
| 2011 | +15.7% |
| 2010 | −7.2% |
| 2009 | −10.4% |
| 2008 | −20.1% |
| 2007 | +14.3% |
| 2006 | +44.7% |
| 2005 | +14.5% |
| 2004 | +8.1% |
| 2003 | −11.0% |
| 2002 | +23.7% |
| 2001 | +37.5% |
| 2000 | +55.2% |
| 1999 | −48.4% |
| 1998 | −14.0% |
| 1997 | +7.7% |
| 1996 | +15.8% |
| 1995 | +77.3% |
| 1994 | +6.4% |
| 1993 | +20.8% |
| 1992 | +25.6% |
| 1991 | +33.8% |
| 1990 | −13.8% |
| 1989 | −5.5% |
| 1988 | +20.0% |
| 1987 | −31.4% |
| 1986 | +2.0% |
| 1985 | +4.2% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.