Historical month-by-month and year-by-year returns
Based on 43 calendar years of monthly closes, starting 1984.
| Month | Average | Median | % Positive | Best | Worst |
|---|---|---|---|---|---|
| January | +10.2% | +3.3% | 60% | +115.4% | −22.0% |
| February | +2.7% | +1.4% | 60% | +25.0% | −23.0% |
| March | +0.8% | −0.1% | 48% | +35.5% | −18.8% |
| April | +4.8% | +6.6% | 60% | +29.0% | −14.7% |
| May | +3.6% | +4.4% | 60% | +28.8% | −30.0% |
| June | +0.7% | +1.2% | 56% | +68.2% | −34.6% |
| July | +0.8% | +3.2% | 53% | +42.7% | −32.4% |
| August | +0.8% | +1.5% | 55% | +26.4% | −39.0% |
| September | −4.4% | −4.1% | 38% | +33.7% | −40.1% |
| October | +5.0% | +3.7% | 62% | +44.4% | −40.2% |
| November | +4.9% | +0.4% | 50% | +51.9% | −28.8% |
| December | +2.0% | 0.0% | 48% | +54.1% | −33.5% |
| Year | Return |
|---|---|
| 2025 | +137.0% |
| 2024 | −7.8% |
| 2023 | +86.4% |
| 2022 | −41.6% |
| 2021 | +52.3% |
| 2020 | +61.5% |
| 2019 | +114.7% |
| 2018 | −26.0% |
| 2017 | +74.1% |
| 2016 | +33.1% |
| 2015 | +0.1% |
| 2014 | +45.7% |
| 2013 | +50.7% |
| 2012 | −2.4% |
| 2011 | −28.5% |
| 2010 | +32.1% |
| 2009 | +84.3% |
| 2008 | −50.8% |
| 2007 | −14.6% |
| 2006 | +41.9% |
| 2005 | +23.4% |
| 2004 | −10.5% |
| 2003 | +199.1% |
| 2002 | −53.5% |
| 2001 | +60.1% |
| 2000 | −61.0% |
| 1999 | +526.3% |
| 1998 | −39.1% |
| 1997 | +4.0% |
| 1996 | −38.5% |
| 1995 | +22.8% |
| 1994 | +14.6% |
| 1993 | +133.5% |
| 1992 | +67.0% |
| 1991 | +156.4% |
| 1990 | −9.3% |
| 1989 | −32.8% |
| 1988 | +12.3% |
| 1987 | +58.3% |
| 1986 | −55.6% |
| 1985 | +22.7% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.