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 | +0.8% | 0.0% | 51% | +14.6% | −13.7% |
| February | +0.9% | +0.4% | 55% | +15.8% | −15.1% |
| March | +1.7% | +2.2% | 67% | +17.7% | −14.8% |
| April | +2.5% | +2.5% | 69% | +18.3% | −9.0% |
| May | +1.3% | +0.4% | 55% | +14.5% | −9.1% |
| June | −0.5% | −1.2% | 38% | +17.8% | −10.6% |
| July | +0.7% | +1.1% | 57% | +12.3% | −13.0% |
| August | −0.6% | −0.7% | 44% | +9.9% | −15.6% |
| September | +0.1% | +1.5% | 63% | +10.6% | −25.7% |
| October | +1.8% | +2.5% | 59% | +18.2% | −15.7% |
| November | +3.2% | +2.8% | 83% | +12.0% | −9.3% |
| December | +1.0% | +0.8% | 54% | +13.0% | −13.1% |
| Year | Return |
|---|---|
| 2025 | +5.4% |
| 2024 | −2.2% |
| 2023 | +12.5% |
| 2022 | −1.7% |
| 2021 | +24.9% |
| 2020 | +8.6% |
| 2019 | +11.3% |
| 2018 | +3.2% |
| 2017 | +41.4% |
| 2016 | +3.0% |
| 2015 | +26.1% |
| 2014 | −3.4% |
| 2013 | +10.0% |
| 2012 | −12.1% |
| 2011 | +30.7% |
| 2010 | +22.9% |
| 2009 | +0.4% |
| 2008 | +5.6% |
| 2007 | +32.9% |
| 2006 | +31.5% |
| 2005 | +5.2% |
| 2004 | +29.1% |
| 2003 | +54.4% |
| 2002 | −39.3% |
| 2001 | −22.1% |
| 2000 | −15.7% |
| 1999 | +5.0% |
| 1998 | +60.9% |
| 1997 | +5.2% |
| 1996 | +0.6% |
| 1995 | +54.3% |
| 1994 | +2.6% |
| 1993 | +16.9% |
| 1992 | +28.3% |
| 1991 | +30.5% |
| 1990 | −15.6% |
| 1989 | +43.4% |
| 1988 | +9.4% |
| 1987 | +8.4% |
| 1986 | +12.9% |
| 1985 | +41.6% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.