Historical month-by-month and year-by-year returns
Based on 34 calendar years of monthly closes, starting 1993.
| Month | Average | Median | % Positive | Best | Worst |
|---|---|---|---|---|---|
| January | +1.9% | +1.4% | 58% | +31.4% | −52.8% |
| February | −1.6% | −1.3% | 48% | +43.5% | −31.3% |
| March | −0.1% | +2.1% | 52% | +33.5% | −60.0% |
| April | +3.0% | −1.4% | 45% | +83.9% | −25.7% |
| May | +2.3% | +3.7% | 65% | +23.8% | −25.3% |
| June | −1.1% | −0.7% | 47% | +28.1% | −39.9% |
| July | +3.5% | +3.8% | 62% | +26.7% | −18.7% |
| August | +1.7% | +1.6% | 51% | +41.3% | −34.4% |
| September | +0.1% | +3.2% | 64% | +28.4% | −54.0% |
| October | +3.9% | +4.4% | 70% | +40.8% | −34.7% |
| November | +4.8% | +4.8% | 67% | +41.0% | −30.5% |
| December | +4.4% | +3.9% | 61% | +46.0% | −23.0% |
| Year | Return |
|---|---|
| 2025 | +20.9% |
| 2024 | +78.2% |
| 2023 | +162.0% |
| 2022 | −35.7% |
| 2021 | +3.0% |
| 2020 | −44.1% |
| 2019 | +36.5% |
| 2018 | −18.0% |
| 2017 | +45.4% |
| 2016 | −18.9% |
| 2015 | +22.8% |
| 2014 | +73.8% |
| 2013 | +39.5% |
| 2012 | +37.3% |
| 2011 | −47.3% |
| 2010 | +85.9% |
| 2009 | +83.9% |
| 2008 | −67.6% |
| 2007 | +2.6% |
| 2006 | −8.2% |
| 2005 | −17.2% |
| 2004 | +56.5% |
| 2003 | +108.3% |
| 2002 | +3.1% |
| 2001 | −38.8% |
| 2000 | −46.4% |
| 1999 | +33.3% |
| 1998 | +38.8% |
| 1997 | +128.1% |
| 1996 | +6.3% |
| 1995 | −22.8% |
| 1994 | +6.5% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.