Historical month-by-month and year-by-year returns
Based on 34 calendar years of monthly closes, starting 1993.
| Month | Average | Median | % Positive | Best | Worst |
|---|---|---|---|---|---|
| January | −0.5% | −1.4% | 45% | +37.0% | −23.0% |
| February | +2.4% | +1.2% | 55% | +49.0% | −20.6% |
| March | −0.2% | +2.7% | 61% | +27.1% | −25.3% |
| April | +6.1% | +3.2% | 68% | +43.8% | −13.2% |
| May | +2.8% | +3.1% | 74% | +26.0% | −20.7% |
| June | +2.7% | −0.2% | 47% | +45.7% | −20.1% |
| July | +3.1% | +4.1% | 59% | +28.8% | −19.7% |
| August | +1.6% | −0.8% | 49% | +63.2% | −40.3% |
| September | −1.8% | −2.5% | 36% | +19.5% | −27.1% |
| October | +3.8% | +1.5% | 58% | +36.9% | −16.6% |
| November | +3.5% | +2.0% | 58% | +31.7% | −26.1% |
| December | +0.9% | +1.8% | 55% | +21.9% | −15.9% |
| Year | Return |
|---|---|
| 2025 | +11.1% |
| 2024 | −36.4% |
| 2023 | +28.4% |
| 2022 | −19.3% |
| 2021 | +26.1% |
| 2020 | +31.9% |
| 2019 | +45.6% |
| 2018 | −18.2% |
| 2017 | +37.0% |
| 2016 | +37.8% |
| 2015 | +3.2% |
| 2014 | +0.8% |
| 2013 | +37.3% |
| 2012 | −11.0% |
| 2011 | +7.1% |
| 2010 | +17.8% |
| 2009 | +48.7% |
| 2008 | −37.8% |
| 2007 | −3.9% |
| 2006 | +1.7% |
| 2005 | +20.9% |
| 2004 | −20.3% |
| 2003 | +36.5% |
| 2002 | −5.3% |
| 2001 | +76.6% |
| 2000 | −27.9% |
| 1999 | +85.0% |
| 1998 | +23.3% |
| 1997 | −11.5% |
| 1996 | +39.4% |
| 1995 | +32.7% |
| 1994 | +58.7% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.