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 | +0.1% | −0.6% | 41% | +19.7% | −11.1% |
| February | +1.1% | +0.9% | 55% | +19.1% | −8.8% |
| March | +3.1% | +4.0% | 69% | +17.0% | −9.0% |
| April | +0.8% | +1.0% | 62% | +10.1% | −12.2% |
| May | +2.3% | +1.8% | 57% | +17.7% | −9.0% |
| June | −0.1% | +0.5% | 55% | +9.2% | −14.9% |
| July | +1.5% | +2.9% | 71% | +16.7% | −10.9% |
| August | −1.2% | −0.4% | 42% | +8.6% | −28.4% |
| September | −0.2% | 0.0% | 46% | +12.7% | −16.9% |
| October | +2.2% | +3.2% | 71% | +19.4% | −20.0% |
| November | +1.4% | +0.7% | 63% | +14.6% | −8.5% |
| December | +0.7% | +0.8% | 56% | +14.3% | −9.4% |
| Year | Return |
|---|---|
| 2025 | −5.6% |
| 2024 | −10.5% |
| 2023 | −6.0% |
| 2022 | +4.0% |
| 2021 | +17.1% |
| 2020 | +8.5% |
| 2019 | +23.7% |
| 2018 | −7.9% |
| 2017 | +14.6% |
| 2016 | +4.7% |
| 2015 | +5.7% |
| 2014 | +14.0% |
| 2013 | +21.2% |
| 2012 | +3.1% |
| 2011 | +1.6% |
| 2010 | +7.5% |
| 2009 | +11.0% |
| 2008 | −27.8% |
| 2007 | +21.3% |
| 2006 | +5.9% |
| 2005 | +13.2% |
| 2004 | +12.0% |
| 2003 | +10.4% |
| 2002 | −13.3% |
| 2001 | −1.8% |
| 2000 | +40.6% |
| 1999 | −13.8% |
| 1998 | +12.8% |
| 1997 | +23.9% |
| 1996 | +4.7% |
| 1995 | +54.1% |
| 1994 | −11.3% |
| 1993 | −1.5% |
| 1992 | +22.5% |
| 1991 | +30.3% |
| 1990 | +21.9% |
| 1989 | +62.0% |
| 1988 | +18.4% |
| 1987 | +28.4% |
| 1986 | +7.2% |
| 1985 | +68.2% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.