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 | +1.2% | +1.8% | 59% | +17.0% | −20.7% |
| February | +0.1% | −1.0% | 45% | +13.0% | −21.7% |
| March | −0.2% | +0.5% | 62% | +15.7% | −14.3% |
| April | +1.1% | +0.4% | 57% | +16.5% | −12.2% |
| May | +2.1% | +1.9% | 67% | +13.8% | −9.8% |
| June | +1.6% | +1.7% | 55% | +14.3% | −12.4% |
| July | +0.3% | −0.3% | 48% | +13.6% | −13.7% |
| August | +0.6% | 0.0% | 49% | +15.2% | −11.6% |
| September | −0.9% | −0.2% | 49% | +12.3% | −26.6% |
| October | +2.3% | +2.4% | 56% | +22.8% | −14.0% |
| November | +3.2% | +3.6% | 68% | +21.9% | −14.9% |
| December | +1.4% | +0.9% | 61% | +14.7% | −14.6% |
| Year | Return |
|---|---|
| 2025 | +5.8% |
| 2024 | −8.8% |
| 2023 | −1.7% |
| 2022 | +44.8% |
| 2021 | −1.8% |
| 2020 | −10.1% |
| 2019 | +19.0% |
| 2018 | +35.8% |
| 2017 | −4.4% |
| 2016 | +11.5% |
| 2015 | −7.0% |
| 2014 | +13.5% |
| 2013 | +22.3% |
| 2012 | +8.6% |
| 2011 | +4.6% |
| 2010 | −1.4% |
| 2009 | +20.2% |
| 2008 | −47.7% |
| 2007 | +33.3% |
| 2006 | +37.1% |
| 2005 | −1.0% |
| 2004 | −30.4% |
| 2003 | −18.4% |
| 2002 | −3.7% |
| 2001 | −37.2% |
| 2000 | +39.3% |
| 1999 | −8.9% |
| 1998 | +39.2% |
| 1997 | +33.1% |
| 1996 | +21.3% |
| 1995 | +72.1% |
| 1994 | +10.9% |
| 1993 | −20.7% |
| 1992 | −21.8% |
| 1991 | +85.3% |
| 1990 | +16.0% |
| 1989 | +34.2% |
| 1988 | +9.3% |
| 1987 | +28.0% |
| 1986 | +80.8% |
| 1985 | +42.7% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.