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 | +2.7% | +1.9% | 61% | +63.6% | −28.9% |
| February | +4.6% | +2.9% | 56% | +52.4% | −12.3% |
| March | +3.1% | +2.8% | 54% | +65.9% | −20.0% |
| April | +1.8% | +4.7% | 59% | +37.3% | −25.2% |
| May | +2.1% | +0.8% | 54% | +55.2% | −20.7% |
| June | +0.6% | +0.6% | 54% | +19.3% | −19.2% |
| July | +0.8% | −0.9% | 49% | +23.5% | −35.4% |
| August | +2.8% | +1.0% | 55% | +31.3% | −17.3% |
| September | −2.6% | −1.3% | 39% | +16.7% | −40.3% |
| October | +2.4% | +4.0% | 59% | +36.3% | −42.2% |
| November | +5.1% | +5.9% | 66% | +26.2% | −29.0% |
| December | −0.4% | −1.4% | 44% | +14.2% | −27.3% |
| Year | Return |
|---|---|
| 2025 | +19.1% |
| 2024 | +9.3% |
| 2023 | +19.2% |
| 2022 | +1.6% |
| 2021 | −6.9% |
| 2020 | +5.5% |
| 2019 | +39.9% |
| 2018 | +3.7% |
| 2017 | +22.3% |
| 2016 | +21.9% |
| 2015 | +14.2% |
| 2014 | +25.8% |
| 2013 | +38.5% |
| 2012 | +13.8% |
| 2011 | +50.3% |
| 2010 | +48.1% |
| 2009 | +43.7% |
| 2008 | +16.3% |
| 2007 | −12.7% |
| 2006 | +1.4% |
| 2005 | +0.1% |
| 2004 | +9.1% |
| 2003 | +24.8% |
| 2002 | +32.1% |
| 2001 | +90.1% |
| 2000 | −5.9% |
| 1999 | −8.9% |
| 1998 | +8.2% |
| 1997 | +45.5% |
| 1996 | +161.4% |
| 1995 | +70.0% |
| 1994 | −13.5% |
| 1993 | −35.0% |
| 1992 | +23.1% |
| 1991 | +170.8% |
| 1990 | −57.9% |
| 1989 | +35.7% |
| 1988 | +154.5% |
| 1987 | −13.2% |
| 1986 | −73.6% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.