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 | +0.5% | 0.0% | 49% | +17.2% | −17.7% |
| February | −0.8% | −0.7% | 43% | +16.8% | −15.6% |
| March | +1.6% | +1.4% | 62% | +13.8% | −9.0% |
| April | +1.4% | +1.1% | 55% | +17.5% | −17.1% |
| May | +1.1% | +0.5% | 52% | +16.1% | −8.9% |
| June | −0.2% | −1.0% | 45% | +16.0% | −14.4% |
| July | +1.6% | +0.4% | 50% | +18.1% | −11.2% |
| August | 0.0% | −0.3% | 49% | +11.8% | −15.3% |
| September | 0.0% | −0.6% | 44% | +13.7% | −14.7% |
| October | +1.2% | +1.5% | 63% | +18.1% | −24.0% |
| November | +2.5% | +3.2% | 68% | +22.8% | −12.4% |
| December | +0.7% | 0.0% | 49% | +26.6% | −11.4% |
| Year | Return |
|---|---|
| 2025 | −6.1% |
| 2024 | −7.8% |
| 2023 | −43.8% |
| 2022 | −13.2% |
| 2021 | +60.4% |
| 2020 | −1.0% |
| 2019 | −10.2% |
| 2018 | +20.5% |
| 2017 | +11.5% |
| 2016 | +0.6% |
| 2015 | +3.6% |
| 2014 | +1.7% |
| 2013 | +22.1% |
| 2012 | +15.9% |
| 2011 | +23.6% |
| 2010 | −3.7% |
| 2009 | +2.7% |
| 2008 | −22.1% |
| 2007 | −12.2% |
| 2006 | +11.1% |
| 2005 | −13.3% |
| 2004 | −23.9% |
| 2003 | +15.6% |
| 2002 | −23.3% |
| 2001 | −13.4% |
| 2000 | +41.8% |
| 1999 | −22.1% |
| 1998 | +67.6% |
| 1997 | +79.7% |
| 1996 | +31.7% |
| 1995 | +63.1% |
| 1994 | +12.0% |
| 1993 | −4.8% |
| 1992 | −13.7% |
| 1991 | +108.0% |
| 1990 | +16.2% |
| 1989 | +19.8% |
| 1988 | +24.4% |
| 1987 | −23.6% |
| 1986 | +20.5% |
| 1985 | +28.2% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.