Historical month-by-month and year-by-year returns
Based on 46 calendar years of monthly closes, starting 1981.
| Month | Average | Median | % Positive | Best | Worst |
|---|---|---|---|---|---|
| January | +2.5% | +0.9% | 53% | +28.9% | −10.8% |
| February | +1.9% | +2.8% | 62% | +19.8% | −37.0% |
| March | +0.7% | −0.5% | 44% | +16.3% | −23.4% |
| April | +1.8% | +1.9% | 62% | +16.0% | −26.3% |
| May | +2.0% | +1.4% | 59% | +20.9% | −14.7% |
| June | +2.7% | +2.6% | 70% | +18.4% | −12.3% |
| July | −0.2% | −0.3% | 48% | +13.8% | −31.8% |
| August | +0.5% | +1.1% | 51% | +27.2% | −24.7% |
| September | −0.3% | +0.4% | 56% | +15.0% | −14.4% |
| October | −0.5% | −0.2% | 49% | +23.4% | −34.5% |
| November | +2.6% | +2.2% | 60% | +14.5% | −9.9% |
| December | +2.6% | +3.1% | 73% | +17.4% | −19.5% |
| Year | Return |
|---|---|
| 2025 | −40.9% |
| 2024 | −16.8% |
| 2023 | +52.9% |
| 2022 | +20.8% |
| 2021 | +60.3% |
| 2020 | +20.7% |
| 2019 | +25.6% |
| 2018 | −14.2% |
| 2017 | +49.7% |
| 2016 | −38.3% |
| 2015 | +37.2% |
| 2014 | +14.5% |
| 2013 | +13.2% |
| 2012 | +41.6% |
| 2011 | +2.4% |
| 2010 | +76.3% |
| 2009 | +24.2% |
| 2008 | −20.8% |
| 2007 | +55.1% |
| 2006 | +48.6% |
| 2005 | +3.7% |
| 2004 | +32.5% |
| 2003 | +41.7% |
| 2002 | −27.9% |
| 2001 | +13.3% |
| 2000 | +36.9% |
| 1999 | −2.8% |
| 1998 | −7.8% |
| 1997 | +54.3% |
| 1996 | +36.5% |
| 1995 | +44.2% |
| 1994 | −4.0% |
| 1993 | +11.5% |
| 1992 | −0.8% |
| 1991 | +43.5% |
| 1990 | +24.4% |
| 1989 | +29.4% |
| 1988 | +81.3% |
| 1987 | −35.0% |
| 1986 | +11.9% |
| 1985 | +23.7% |
| 1984 | −57.6% |
| 1983 | +27.6% |
| 1982 | +10.0% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.