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 | +2.1% | +1.3% | 59% | +25.6% | −10.6% |
| February | −0.2% | −0.6% | 48% | +19.0% | −13.3% |
| March | +0.1% | +0.4% | 55% | +15.6% | −11.3% |
| April | 0.0% | 0.0% | 50% | +12.8% | −15.6% |
| May | +2.6% | +2.0% | 69% | +19.1% | −10.3% |
| June | +1.2% | +1.2% | 52% | +14.6% | −10.4% |
| July | +2.4% | +2.7% | 71% | +14.9% | −15.4% |
| August | +1.9% | +3.1% | 65% | +14.9% | −17.1% |
| September | +0.9% | +0.7% | 51% | +23.3% | −9.1% |
| October | +0.1% | −0.3% | 49% | +12.2% | −26.3% |
| November | +2.6% | +2.3% | 61% | +18.9% | −24.3% |
| December | +2.0% | +2.1% | 59% | +24.7% | −10.5% |
| Year | Return |
|---|---|
| 2025 | +20.3% |
| 2024 | −3.0% |
| 2023 | +6.0% |
| 2022 | −24.9% |
| 2021 | −11.7% |
| 2020 | +3.3% |
| 2019 | +24.7% |
| 2018 | +12.6% |
| 2017 | +13.4% |
| 2016 | −7.4% |
| 2015 | +6.5% |
| 2014 | +25.8% |
| 2013 | +39.9% |
| 2012 | +7.2% |
| 2011 | +3.1% |
| 2010 | −15.7% |
| 2009 | +40.0% |
| 2008 | −37.5% |
| 2007 | −6.1% |
| 2006 | −7.1% |
| 2005 | +15.9% |
| 2004 | +2.2% |
| 2003 | +6.6% |
| 2002 | −11.0% |
| 2001 | −15.2% |
| 2000 | +65.7% |
| 1999 | −1.9% |
| 1998 | +41.5% |
| 1997 | +54.4% |
| 1996 | +21.7% |
| 1995 | +100.9% |
| 1994 | +35.5% |
| 1993 | −13.8% |
| 1992 | +1.3% |
| 1991 | +118.0% |
| 1990 | +31.4% |
| 1989 | +69.1% |
| 1988 | −16.9% |
| 1987 | +21.5% |
| 1986 | +76.7% |
| 1985 | +44.4% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.