Historical month-by-month and year-by-year returns
Based on 41 calendar years of monthly closes, starting 1986.
| Month | Average | Median | % Positive | Best | Worst |
|---|---|---|---|---|---|
| January | +4.2% | +0.1% | 51% | +100.0% | −15.1% |
| February | +5.0% | +5.3% | 59% | +41.2% | −23.5% |
| March | +5.7% | +4.3% | 59% | +88.9% | −16.1% |
| April | +4.1% | +0.8% | 54% | +69.6% | −27.3% |
| May | +4.5% | 0.0% | 49% | +89.2% | −18.7% |
| June | +1.5% | 0.0% | 46% | +26.9% | −20.0% |
| July | +5.1% | +0.5% | 59% | +91.7% | −20.7% |
| August | −0.8% | 0.0% | 45% | +38.2% | −40.1% |
| September | −0.1% | −1.5% | 40% | +27.3% | −25.0% |
| October | −3.0% | −1.6% | 43% | +60.0% | −66.7% |
| November | +8.1% | +5.9% | 65% | +65.2% | −36.2% |
| December | −2.0% | 0.0% | 45% | +19.7% | −40.0% |
| Year | Return |
|---|---|
| 2025 | +45.9% |
| 2024 | −8.8% |
| 2023 | +13.5% |
| 2022 | +5.7% |
| 2021 | +3.8% |
| 2020 | +45.5% |
| 2019 | +29.1% |
| 2018 | −22.2% |
| 2017 | +42.7% |
| 2016 | −10.7% |
| 2015 | +37.5% |
| 2014 | +59.9% |
| 2013 | +28.3% |
| 2012 | +14.7% |
| 2011 | +76.2% |
| 2010 | +36.1% |
| 2009 | +14.5% |
| 2008 | −24.3% |
| 2007 | +31.5% |
| 2006 | +70.9% |
| 2005 | +332.9% |
| 2004 | +332.4% |
| 2003 | +99.5% |
| 2002 | +0.5% |
| 2001 | +8.4% |
| 2000 | −10.1% |
| 1999 | −19.8% |
| 1998 | +196.6% |
| 1997 | +70.6% |
| 1996 | +54.5% |
| 1995 | −63.3% |
| 1994 | −28.6% |
| 1993 | −40.8% |
| 1992 | +97.2% |
| 1991 | +20.0% |
| 1990 | 0.0% |
| 1989 | −59.5% |
| 1988 | +196.0% |
| 1987 | −66.7% |
| 1986 | −40.0% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.