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 | +5.1% | +3.1% | 65% | +51.6% | −16.2% |
| February | −1.0% | −1.2% | 43% | +13.6% | −16.6% |
| March | +2.9% | +2.2% | 65% | +26.1% | −16.2% |
| April | +3.5% | +4.7% | 68% | +32.5% | −34.4% |
| May | +2.9% | +2.3% | 66% | +25.9% | −15.5% |
| June | +1.9% | +1.9% | 56% | +27.9% | −17.2% |
| July | +0.3% | +0.7% | 54% | +24.6% | −15.9% |
| August | +1.5% | +1.9% | 60% | +26.3% | −16.0% |
| September | +0.6% | +1.1% | 57% | +16.6% | −13.6% |
| October | +4.9% | +4.1% | 65% | +37.2% | −24.9% |
| November | +2.4% | +2.8% | 60% | +28.4% | −16.7% |
| December | +1.5% | +1.1% | 57% | +28.2% | −24.4% |
| Year | Return |
|---|---|
| 2025 | +14.7% |
| 2024 | +12.1% |
| 2023 | +56.8% |
| 2022 | −28.7% |
| 2021 | +51.2% |
| 2020 | +41.0% |
| 2019 | +55.3% |
| 2018 | +18.7% |
| 2017 | +37.7% |
| 2016 | +12.0% |
| 2015 | +19.4% |
| 2014 | +24.2% |
| 2013 | +40.1% |
| 2012 | +2.9% |
| 2011 | −7.0% |
| 2010 | −8.4% |
| 2009 | +56.8% |
| 2008 | −45.4% |
| 2007 | +19.2% |
| 2006 | +14.2% |
| 2005 | −2.1% |
| 2004 | −2.4% |
| 2003 | +5.9% |
| 2002 | −22.0% |
| 2001 | +52.7% |
| 2000 | −62.8% |
| 1999 | +68.4% |
| 1998 | +114.6% |
| 1997 | +56.4% |
| 1996 | +88.3% |
| 1995 | +43.6% |
| 1994 | +51.6% |
| 1993 | −5.6% |
| 1992 | +15.1% |
| 1991 | +121.8% |
| 1990 | +73.0% |
| 1989 | +63.4% |
| 1988 | −1.8% |
| 1987 | +124.9% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.