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 | +2.4% | +3.3% | 66% | +13.3% | −18.6% |
| February | +1.9% | +2.6% | 64% | +13.9% | −14.9% |
| March | +0.5% | +0.3% | 50% | +24.0% | −27.8% |
| April | +1.7% | +1.9% | 57% | +14.3% | −9.1% |
| May | +0.7% | +0.1% | 50% | +14.8% | −14.3% |
| June | +0.2% | −0.2% | 50% | +16.0% | −13.1% |
| July | +1.5% | +2.1% | 60% | +17.0% | −16.9% |
| August | −1.3% | −0.8% | 44% | +11.6% | −24.3% |
| September | −1.7% | −1.8% | 41% | +11.1% | −32.0% |
| October | +2.3% | +2.0% | 68% | +24.6% | −39.2% |
| November | +1.6% | +1.2% | 59% | +32.0% | −11.7% |
| December | +3.3% | +3.2% | 80% | +15.0% | −12.6% |
| Year | Return |
|---|---|
| 2025 | +58.5% |
| 2024 | +37.5% |
| 2023 | −16.6% |
| 2022 | +17.3% |
| 2021 | +20.3% |
| 2020 | −24.1% |
| 2019 | +40.6% |
| 2018 | −16.5% |
| 2017 | +16.4% |
| 2016 | +14.1% |
| 2015 | −16.5% |
| 2014 | +1.1% |
| 2013 | +38.8% |
| 2012 | +12.2% |
| 2011 | −7.2% |
| 2010 | +13.4% |
| 2009 | +29.5% |
| 2008 | −30.0% |
| 2007 | +22.4% |
| 2006 | +11.8% |
| 2005 | +8.2% |
| 2004 | +9.1% |
| 2003 | +53.0% |
| 2002 | −4.2% |
| 2001 | −17.8% |
| 2000 | +21.0% |
| 1999 | +19.5% |
| 1998 | +49.4% |
| 1997 | +9.9% |
| 1996 | +39.7% |
| 1995 | +50.9% |
| 1994 | +1.4% |
| 1993 | +28.8% |
| 1992 | −11.3% |
| 1991 | +13.3% |
| 1990 | −11.8% |
| 1989 | +31.9% |
| 1988 | +21.4% |
| 1987 | −26.4% |
| 1986 | +5.1% |
| 1985 | +2.0% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.