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 | +1.7% | +0.6% | 54% | +29.9% | −13.0% |
| February | +2.3% | +1.4% | 64% | +32.7% | −19.2% |
| March | +1.9% | +1.1% | 60% | +29.8% | −64.6% |
| April | +3.4% | +1.6% | 62% | +43.4% | −20.2% |
| May | +1.9% | +2.8% | 57% | +25.8% | −22.0% |
| June | +0.4% | −0.5% | 45% | +41.3% | −15.0% |
| July | −0.8% | 0.0% | 48% | +17.5% | −17.6% |
| August | +0.1% | +0.9% | 53% | +23.2% | −19.1% |
| September | −1.5% | −0.8% | 49% | +16.2% | −21.4% |
| October | −1.1% | −1.4% | 44% | +30.0% | −21.7% |
| November | +2.1% | +0.9% | 54% | +72.6% | −14.9% |
| December | −0.9% | −1.9% | 39% | +15.2% | −18.3% |
| Year | Return |
|---|---|
| 2025 | −16.8% |
| 2024 | −17.3% |
| 2023 | −5.2% |
| 2022 | +117.3% |
| 2021 | +67.5% |
| 2020 | −58.0% |
| 2019 | −32.9% |
| 2018 | −16.7% |
| 2017 | +3.4% |
| 2016 | +5.5% |
| 2015 | −16.1% |
| 2014 | −11.7% |
| 2013 | +24.1% |
| 2012 | −18.2% |
| 2011 | −4.5% |
| 2010 | +20.6% |
| 2009 | +35.6% |
| 2008 | −22.1% |
| 2007 | +57.7% |
| 2006 | +22.3% |
| 2005 | +36.9% |
| 2004 | +38.2% |
| 2003 | +48.5% |
| 2002 | +7.2% |
| 2001 | +9.4% |
| 2000 | +12.1% |
| 1999 | +28.1% |
| 1998 | −42.4% |
| 1997 | +25.4% |
| 1996 | +9.4% |
| 1995 | +11.0% |
| 1994 | +13.2% |
| 1993 | 0.0% |
| 1992 | −4.9% |
| 1991 | −2.7% |
| 1990 | −38.0% |
| 1989 | +16.7% |
| 1988 | +4.1% |
| 1987 | −11.4% |
| 1986 | −11.3% |
| 1985 | +10.7% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.