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 | +2.3% | +3.9% | 56% | +20.1% | −25.3% |
| February | +2.7% | +2.9% | 60% | +22.4% | −14.5% |
| March | +3.0% | +0.7% | 55% | +25.8% | −19.3% |
| April | −0.3% | 0.0% | 50% | +21.7% | −16.3% |
| May | +2.4% | +1.3% | 52% | +37.0% | −17.6% |
| June | −0.7% | −0.2% | 48% | +12.2% | −17.5% |
| July | +0.4% | +1.0% | 55% | +23.4% | −38.6% |
| August | +0.9% | +0.3% | 53% | +21.3% | −24.3% |
| September | −0.5% | −0.4% | 49% | +13.1% | −18.1% |
| October | +0.4% | +1.8% | 59% | +15.3% | −25.4% |
| November | +4.1% | +4.0% | 66% | +32.9% | −12.3% |
| December | +3.7% | +3.3% | 63% | +26.4% | −12.3% |
| Year | Return |
|---|---|
| 2025 | −2.3% |
| 2024 | +10.9% |
| 2023 | +11.7% |
| 2022 | −22.9% |
| 2021 | +61.0% |
| 2020 | +34.0% |
| 2019 | +29.7% |
| 2018 | −0.6% |
| 2017 | +30.7% |
| 2016 | −6.5% |
| 2015 | +10.5% |
| 2014 | +38.8% |
| 2013 | +39.5% |
| 2012 | +40.0% |
| 2011 | +1.2% |
| 2010 | +7.2% |
| 2009 | +8.7% |
| 2008 | −4.9% |
| 2007 | −27.4% |
| 2006 | −6.5% |
| 2005 | +15.7% |
| 2004 | +4.0% |
| 2003 | +47.7% |
| 2002 | −19.2% |
| 2001 | +108.6% |
| 2000 | −25.5% |
| 1999 | +16.7% |
| 1998 | +114.7% |
| 1997 | +33.9% |
| 1996 | +6.3% |
| 1995 | −3.6% |
| 1994 | +16.8% |
| 1993 | +146.6% |
| 1992 | +41.4% |
| 1991 | +39.3% |
| 1990 | −16.9% |
| 1989 | +40.5% |
| 1988 | +30.2% |
| 1987 | −38.0% |
| 1986 | +0.5% |
| 1985 | −6.8% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.