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 | +1.6% | −0.5% | 44% | +33.1% | −16.8% |
| February | +2.4% | +1.3% | 62% | +29.4% | −17.6% |
| March | +1.1% | +1.5% | 60% | +20.0% | −18.4% |
| April | +1.9% | +1.4% | 52% | +37.5% | −22.7% |
| May | +1.6% | +1.5% | 55% | +21.4% | −26.0% |
| June | −0.4% | −1.4% | 45% | +20.7% | −18.0% |
| July | +0.5% | +0.2% | 52% | +46.9% | −26.5% |
| August | +3.1% | +2.6% | 63% | +36.6% | −27.5% |
| September | +2.0% | −0.4% | 49% | +77.2% | −16.6% |
| October | −4.2% | −2.1% | 32% | +21.1% | −45.6% |
| November | +1.1% | +1.3% | 54% | +27.8% | −16.9% |
| December | +2.1% | +1.4% | 54% | +24.0% | −12.9% |
| Year | Return |
|---|---|
| 2025 | +168.3% |
| 2024 | −10.1% |
| 2023 | −12.3% |
| 2022 | −23.9% |
| 2021 | +3.6% |
| 2020 | +37.8% |
| 2019 | +25.4% |
| 2018 | −7.6% |
| 2017 | +10.1% |
| 2016 | +89.4% |
| 2015 | −4.8% |
| 2014 | −17.9% |
| 2013 | −50.4% |
| 2012 | −22.6% |
| 2011 | −2.3% |
| 2010 | +29.8% |
| 2009 | +16.2% |
| 2008 | −16.6% |
| 2007 | +8.2% |
| 2006 | −15.4% |
| 2005 | +20.2% |
| 2004 | −8.6% |
| 2003 | +67.4% |
| 2002 | +51.9% |
| 2001 | +12.0% |
| 2000 | −30.4% |
| 1999 | +34.2% |
| 1998 | −37.9% |
| 1997 | −34.4% |
| 1996 | −1.4% |
| 1995 | +26.0% |
| 1994 | −21.9% |
| 1993 | +40.1% |
| 1992 | +1.9% |
| 1991 | −1.2% |
| 1990 | −13.9% |
| 1989 | +43.4% |
| 1988 | −6.0% |
| 1987 | +72.0% |
| 1986 | +30.5% |
| 1985 | +6.5% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.