Historical month-by-month and year-by-year returns
Based on 35 calendar years of monthly closes, starting 1992.
| Month | Average | Median | % Positive | Best | Worst |
|---|---|---|---|---|---|
| January | +1.5% | +2.6% | 54% | +40.4% | −27.9% |
| February | −1.5% | −1.7% | 40% | +16.1% | −34.8% |
| March | +6.1% | +4.7% | 74% | +70.4% | −14.8% |
| April | −0.1% | −4.8% | 34% | +60.8% | −27.4% |
| May | +1.3% | +2.5% | 57% | +40.5% | −38.8% |
| June | +1.6% | −2.4% | 43% | +47.6% | −26.4% |
| July | +3.8% | +4.8% | 60% | +24.7% | −20.1% |
| August | +1.5% | +0.7% | 58% | +25.0% | −29.5% |
| September | +1.7% | −0.6% | 47% | +37.7% | −19.2% |
| October | +2.4% | +2.1% | 62% | +36.1% | −16.1% |
| November | +7.2% | +5.8% | 68% | +62.7% | −31.0% |
| December | +1.0% | +0.7% | 53% | +94.4% | −25.5% |
| Year | Return |
|---|---|
| 2025 | +11.3% |
| 2024 | +6.2% |
| 2023 | +31.6% |
| 2022 | −39.9% |
| 2021 | +20.0% |
| 2020 | +72.7% |
| 2019 | +55.0% |
| 2018 | −11.1% |
| 2017 | −1.8% |
| 2016 | +30.4% |
| 2015 | −32.7% |
| 2014 | +0.1% |
| 2013 | +20.0% |
| 2012 | +13.1% |
| 2011 | +10.5% |
| 2010 | +7.0% |
| 2009 | +29.1% |
| 2008 | −8.9% |
| 2007 | +4.1% |
| 2006 | −12.3% |
| 2005 | +1.6% |
| 2004 | +57.2% |
| 2003 | +48.2% |
| 2002 | −27.9% |
| 2001 | −38.6% |
| 2000 | −53.3% |
| 1999 | +2619.4% |
| 1998 | +2.6% |
| 1997 | +26.6% |
| 1996 | −7.3% |
| 1995 | +79.2% |
| 1994 | −9.4% |
| 1993 | +118.6% |
| 1992 | −2.0% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.