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 | +1.1% | −0.2% | 49% | +19.5% | −11.3% |
| February | +0.9% | +1.1% | 62% | +21.2% | −37.5% |
| March | +2.7% | +1.8% | 57% | +39.3% | −20.1% |
| April | +0.3% | +1.4% | 55% | +12.9% | −16.0% |
| May | +1.4% | +2.5% | 60% | +14.7% | −16.9% |
| June | +0.5% | +1.8% | 60% | +17.5% | −24.0% |
| July | +2.4% | +1.1% | 62% | +26.7% | −28.2% |
| August | −0.6% | −0.2% | 49% | +14.6% | −23.8% |
| September | +3.8% | +6.1% | 63% | +27.6% | −27.4% |
| October | +1.4% | +2.1% | 59% | +37.6% | −29.8% |
| November | +2.4% | +2.4% | 66% | +24.1% | −17.9% |
| December | +2.9% | +1.4% | 56% | +30.9% | −19.8% |
| Year | Return |
|---|---|
| 2025 | −15.8% |
| 2024 | −30.3% |
| 2023 | −7.2% |
| 2022 | −29.8% |
| 2021 | +17.8% |
| 2020 | +39.6% |
| 2019 | +36.6% |
| 2018 | +18.5% |
| 2017 | +23.1% |
| 2016 | −18.7% |
| 2015 | +30.0% |
| 2014 | +22.3% |
| 2013 | +52.4% |
| 2012 | +7.1% |
| 2011 | +12.8% |
| 2010 | +29.3% |
| 2009 | +29.5% |
| 2008 | −20.6% |
| 2007 | +29.7% |
| 2006 | +14.1% |
| 2005 | −4.3% |
| 2004 | +32.5% |
| 2003 | +53.9% |
| 2002 | −20.9% |
| 2001 | +0.8% |
| 2000 | +12.6% |
| 1999 | +22.2% |
| 1998 | +3.8% |
| 1997 | −34.9% |
| 1996 | +72.4% |
| 1995 | +86.6% |
| 1994 | +61.4% |
| 1993 | −44.3% |
| 1992 | +14.7% |
| 1991 | +79.8% |
| 1990 | +51.2% |
| 1989 | +100.9% |
| 1988 | +35.9% |
| 1987 | +66.0% |
| 1986 | −16.8% |
| 1985 | +52.7% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.