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 | +2.4% | +0.4% | 54% | +35.0% | −18.4% |
| February | +3.3% | +2.8% | 57% | +32.3% | −16.2% |
| March | +0.3% | +1.3% | 55% | +19.0% | −23.7% |
| April | −0.5% | +0.2% | 50% | +29.4% | −16.7% |
| May | +1.2% | −0.5% | 48% | +19.4% | −12.2% |
| June | +1.0% | +1.0% | 52% | +21.2% | −21.2% |
| July | +2.2% | +3.5% | 60% | +24.8% | −15.0% |
| August | −2.5% | −3.4% | 33% | +21.7% | −18.9% |
| September | −0.1% | 0.0% | 49% | +18.3% | −17.3% |
| October | +1.8% | +3.9% | 63% | +21.8% | −22.0% |
| November | +5.3% | +5.8% | 66% | +25.0% | −26.6% |
| December | −0.1% | 0.0% | 49% | +24.2% | −20.7% |
| Year | Return |
|---|---|
| 2025 | +22.9% |
| 2024 | +16.4% |
| 2023 | −14.2% |
| 2022 | −21.4% |
| 2021 | −8.1% |
| 2020 | −13.7% |
| 2019 | +16.1% |
| 2018 | −29.0% |
| 2017 | +31.3% |
| 2016 | +15.7% |
| 2015 | +1.7% |
| 2014 | +124.6% |
| 2013 | +84.0% |
| 2012 | +19.6% |
| 2011 | −34.1% |
| 2010 | +13.6% |
| 2009 | +32.6% |
| 2008 | −29.3% |
| 2007 | −20.4% |
| 2006 | −6.8% |
| 2005 | +0.9% |
| 2004 | +0.9% |
| 2003 | +16.1% |
| 2002 | −24.8% |
| 2001 | −17.3% |
| 2000 | +107.9% |
| 1999 | +6.6% |
| 1998 | +38.2% |
| 1997 | +67.9% |
| 1996 | −4.3% |
| 1995 | +37.3% |
| 1994 | −55.2% |
| 1993 | +90.0% |
| 1992 | +72.9% |
| 1991 | +95.0% |
| 1990 | +9.4% |
| 1989 | +18.5% |
| 1988 | +51.4% |
| 1987 | −35.2% |
| 1986 | −23.3% |
| 1985 | +6.4% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.