Historical month-by-month and year-by-year returns
Based on 34 calendar years of monthly closes, starting 1993.
| Month | Average | Median | % Positive | Best | Worst |
|---|---|---|---|---|---|
| January | −1.4% | +0.1% | 52% | +10.0% | −39.0% |
| February | +2.8% | +4.5% | 61% | +17.0% | −15.8% |
| March | +1.7% | +2.3% | 67% | +13.4% | −18.4% |
| April | +3.5% | +2.8% | 67% | +28.3% | −11.4% |
| May | +0.5% | 0.0% | 50% | +18.2% | −12.6% |
| June | +2.1% | +2.7% | 68% | +14.3% | −14.5% |
| July | +3.4% | +3.9% | 65% | +21.6% | −15.4% |
| August | −0.5% | −0.9% | 43% | +14.0% | −18.4% |
| September | +1.8% | +0.9% | 55% | +25.5% | −8.2% |
| October | +4.6% | +2.4% | 67% | +32.3% | −12.4% |
| November | +2.4% | +1.8% | 70% | +18.3% | −10.6% |
| December | +2.4% | +1.0% | 55% | +60.9% | −11.4% |
| Year | Return |
|---|---|
| 2025 | +15.4% |
| 2024 | +24.8% |
| 2023 | +12.6% |
| 2022 | +19.5% |
| 2021 | +56.0% |
| 2020 | +3.3% |
| 2019 | +27.3% |
| 2018 | +43.1% |
| 2017 | −13.6% |
| 2016 | +9.9% |
| 2015 | +31.6% |
| 2014 | +49.7% |
| 2013 | +43.9% |
| 2012 | +11.8% |
| 2011 | +32.3% |
| 2010 | +58.5% |
| 2009 | +24.0% |
| 2008 | −5.2% |
| 2007 | +1.2% |
| 2006 | +0.2% |
| 2005 | +42.1% |
| 2004 | +16.8% |
| 2003 | +52.5% |
| 2002 | −30.7% |
| 2001 | +36.3% |
| 2000 | +24.4% |
| 1999 | −9.0% |
| 1998 | +80.0% |
| 1997 | +64.1% |
| 1996 | +10.3% |
| 1995 | +17.2% |
| 1994 | −14.7% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.