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% | −1.5% | 37% | +16.2% | −26.2% |
| February | +2.8% | +3.0% | 67% | +16.5% | −9.3% |
| March | +3.5% | +2.9% | 64% | +27.8% | −13.7% |
| April | +2.7% | +1.9% | 64% | +20.4% | −14.0% |
| May | +2.9% | +1.4% | 64% | +43.5% | −16.1% |
| June | +0.9% | +1.2% | 57% | +14.7% | −21.2% |
| July | +0.8% | +0.2% | 50% | +23.4% | −12.3% |
| August | +1.3% | +0.8% | 56% | +17.8% | −21.3% |
| September | +0.3% | +0.6% | 54% | +15.7% | −19.9% |
| October | +3.6% | +4.5% | 61% | +30.6% | −18.0% |
| November | +0.4% | +0.7% | 51% | +14.2% | −13.9% |
| December | +2.0% | +2.9% | 56% | +17.5% | −12.4% |
| Year | Return |
|---|---|
| 2025 | −5.0% |
| 2024 | +50.4% |
| 2023 | +22.8% |
| 2022 | +26.4% |
| 2021 | +3.8% |
| 2020 | +36.6% |
| 2019 | +20.0% |
| 2018 | +7.1% |
| 2017 | +58.6% |
| 2016 | +11.6% |
| 2015 | +17.8% |
| 2014 | −1.0% |
| 2013 | +29.2% |
| 2012 | +8.1% |
| 2011 | −1.8% |
| 2010 | +10.5% |
| 2009 | +21.5% |
| 2008 | −22.7% |
| 2007 | −20.9% |
| 2006 | −17.0% |
| 2005 | +37.6% |
| 2004 | +1.5% |
| 2003 | +68.4% |
| 2002 | −0.3% |
| 2001 | +44.1% |
| 2000 | +41.7% |
| 1999 | −56.8% |
| 1998 | +41.3% |
| 1997 | +77.9% |
| 1996 | +37.9% |
| 1995 | +39.6% |
| 1994 | −13.6% |
| 1993 | +39.1% |
| 1992 | +61.8% |
| 1991 | +5.4% |
| 1990 | +33.1% |
| 1989 | +67.4% |
| 1988 | −24.6% |
| 1987 | −1.6% |
| 1986 | +50.8% |
| 1985 | +87.5% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.