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 | +2.9% | +2.9% | 61% | +28.2% | −15.6% |
| February | +2.4% | +2.1% | 60% | +29.8% | −17.5% |
| March | +2.7% | +0.8% | 57% | +34.2% | −12.9% |
| April | +2.2% | +1.4% | 57% | +33.2% | −14.8% |
| May | +1.0% | −0.4% | 50% | +24.7% | −15.9% |
| June | −1.4% | −2.6% | 33% | +24.2% | −21.2% |
| July | +3.8% | +2.2% | 67% | +30.1% | −23.4% |
| August | −2.1% | −2.6% | 35% | +14.0% | −17.4% |
| September | −3.2% | −1.0% | 46% | +18.5% | −24.8% |
| October | +3.7% | +4.0% | 68% | +22.8% | −30.8% |
| November | +4.2% | +2.5% | 61% | +27.3% | −11.9% |
| December | +2.3% | +1.6% | 61% | +29.9% | −24.6% |
| Year | Return |
|---|---|
| 2025 | +39.8% |
| 2024 | −32.9% |
| 2023 | +32.0% |
| 2022 | +15.5% |
| 2021 | +114.6% |
| 2020 | −5.5% |
| 2019 | +8.6% |
| 2018 | −18.5% |
| 2017 | +6.8% |
| 2016 | +47.7% |
| 2015 | −17.8% |
| 2014 | −8.1% |
| 2013 | +23.7% |
| 2012 | +9.1% |
| 2011 | −9.7% |
| 2010 | −6.1% |
| 2009 | +1.0% |
| 2008 | −22.0% |
| 2007 | +8.3% |
| 2006 | +63.8% |
| 2005 | +27.5% |
| 2004 | +86.9% |
| 2003 | +35.6% |
| 2002 | −22.0% |
| 2001 | +33.4% |
| 2000 | −27.6% |
| 1999 | +26.7% |
| 1998 | −10.5% |
| 1997 | −5.3% |
| 1996 | −10.7% |
| 1995 | +3.2% |
| 1994 | +4.5% |
| 1993 | +35.2% |
| 1992 | +75.4% |
| 1991 | +44.2% |
| 1990 | +2.9% |
| 1989 | +26.2% |
| 1988 | +20.5% |
| 1987 | +29.9% |
| 1986 | −15.1% |
| 1985 | +48.6% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.