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 | +4.2% | +3.0% | 67% | +26.1% | −18.6% |
| February | −1.3% | −0.9% | 39% | +19.6% | −23.2% |
| March | +0.7% | +1.2% | 59% | +17.7% | −24.5% |
| April | +2.4% | +2.4% | 62% | +17.4% | −16.7% |
| May | +0.8% | +1.2% | 53% | +28.3% | −22.7% |
| June | +0.7% | −0.1% | 50% | +17.1% | −18.4% |
| July | +2.2% | +1.5% | 68% | +21.8% | −23.9% |
| August | −1.0% | +0.4% | 51% | +17.9% | −33.3% |
| September | −2.6% | +0.6% | 52% | +13.2% | −43.7% |
| October | +4.3% | +4.0% | 76% | +50.7% | −24.0% |
| November | +2.7% | +3.0% | 61% | +28.4% | −21.6% |
| December | +2.9% | +2.2% | 70% | +25.0% | −11.8% |
| Year | Return |
|---|---|
| 2025 | +41.2% |
| 2024 | +34.8% |
| 2023 | +9.7% |
| 2022 | −13.4% |
| 2021 | +43.2% |
| 2020 | +34.1% |
| 2019 | +28.9% |
| 2018 | −24.4% |
| 2017 | +24.2% |
| 2016 | +32.8% |
| 2015 | −18.0% |
| 2014 | +23.7% |
| 2013 | +64.0% |
| 2012 | +26.4% |
| 2011 | −44.4% |
| 2010 | −8.1% |
| 2009 | +84.5% |
| 2008 | −69.8% |
| 2007 | −34.8% |
| 2006 | +43.5% |
| 2005 | +2.2% |
| 2004 | −4.1% |
| 2003 | +45.0% |
| 2002 | −28.6% |
| 2001 | −29.4% |
| 2000 | +11.0% |
| 1999 | +101.1% |
| 1998 | +20.1% |
| 1997 | +78.5% |
| 1996 | +41.0% |
| 1995 | +38.7% |
| 1994 | −2.2% |
| 1993 | +4.5% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.