Historical month-by-month and year-by-year returns
Based on 41 calendar years of monthly closes, starting 1986.
| Month | Average | Median | % Positive | Best | Worst |
|---|---|---|---|---|---|
| January | +4.4% | +2.6% | 63% | +30.1% | −15.6% |
| February | +1.8% | +0.8% | 53% | +48.6% | −34.8% |
| March | −0.2% | +1.4% | 53% | +28.2% | −32.5% |
| April | +1.4% | +2.4% | 68% | +20.5% | −21.6% |
| May | +2.9% | +1.5% | 61% | +39.9% | −21.1% |
| June | +6.1% | +4.0% | 68% | +49.6% | −35.1% |
| July | +0.7% | +2.0% | 59% | +22.1% | −36.4% |
| August | −0.3% | +0.6% | 52% | +23.3% | −32.5% |
| September | +3.7% | +2.7% | 55% | +46.1% | −44.1% |
| October | +2.6% | +1.8% | 57% | +29.6% | −23.1% |
| November | +3.1% | +3.1% | 63% | +46.5% | −23.1% |
| December | +2.9% | −1.6% | 45% | +65.3% | −33.0% |
| Year | Return |
|---|---|
| 2025 | +17.0% |
| 2024 | +58.1% |
| 2023 | +29.0% |
| 2022 | −6.3% |
| 2021 | +34.8% |
| 2020 | +22.1% |
| 2019 | +17.3% |
| 2018 | −4.5% |
| 2017 | +23.0% |
| 2016 | +5.3% |
| 2015 | −18.8% |
| 2014 | +17.5% |
| 2013 | +14.8% |
| 2012 | +29.9% |
| 2011 | −18.1% |
| 2010 | +27.6% |
| 2009 | +38.4% |
| 2008 | −21.5% |
| 2007 | +31.7% |
| 2006 | +40.4% |
| 2005 | −11.0% |
| 2004 | +3.7% |
| 2003 | +22.5% |
| 2002 | −21.8% |
| 2001 | −52.5% |
| 2000 | +3.7% |
| 1999 | +289.8% |
| 1998 | +93.3% |
| 1997 | −19.8% |
| 1996 | +47.8% |
| 1995 | +44.1% |
| 1994 | +53.5% |
| 1993 | +102.6% |
| 1992 | +95.7% |
| 1991 | +84.1% |
| 1990 | −66.3% |
| 1989 | +139.7% |
| 1988 | +34.5% |
| 1987 | +179.5% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.