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 | −0.3% | +0.6% | 54% | +11.4% | −19.2% |
| February | −1.4% | −1.9% | 36% | +12.2% | −12.1% |
| March | +2.9% | +1.8% | 67% | +19.3% | −6.1% |
| April | +0.9% | +1.1% | 62% | +7.7% | −16.2% |
| May | +1.5% | +1.3% | 64% | +19.5% | −11.1% |
| June | +0.2% | +0.2% | 52% | +8.6% | −11.5% |
| July | +1.6% | +1.4% | 55% | +16.9% | −10.3% |
| August | +0.1% | +0.6% | 60% | +10.6% | −11.0% |
| September | −0.1% | 0.0% | 49% | +23.2% | −16.3% |
| October | +2.5% | +2.3% | 76% | +19.0% | −11.1% |
| November | 0.0% | +0.4% | 51% | +9.3% | −13.0% |
| December | +2.3% | +2.3% | 71% | +12.4% | −8.9% |
| Year | Return |
|---|---|
| 2025 | +12.0% |
| 2024 | +18.0% |
| 2023 | −27.3% |
| 2022 | −10.5% |
| 2021 | +21.0% |
| 2020 | +27.4% |
| 2019 | +39.3% |
| 2018 | +11.3% |
| 2017 | +30.7% |
| 2016 | +15.0% |
| 2015 | −2.3% |
| 2014 | +24.1% |
| 2013 | +23.7% |
| 2012 | +13.6% |
| 2011 | +17.1% |
| 2010 | −1.6% |
| 2009 | +4.9% |
| 2008 | −25.7% |
| 2007 | +24.5% |
| 2006 | +30.9% |
| 2005 | +11.2% |
| 2004 | +14.3% |
| 2003 | +8.8% |
| 2002 | +6.6% |
| 2001 | −21.4% |
| 2000 | +67.6% |
| 1999 | −30.5% |
| 1998 | +4.1% |
| 1997 | +28.7% |
| 1996 | −0.8% |
| 1995 | +32.0% |
| 1994 | −10.2% |
| 1993 | +7.9% |
| 1992 | −2.0% |
| 1991 | +27.6% |
| 1990 | −20.3% |
| 1989 | +16.9% |
| 1988 | +8.7% |
| 1987 | −9.5% |
| 1986 | +11.9% |
| 1985 | +27.7% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.