Historical month-by-month and year-by-year returns
Based on 32 calendar years of monthly closes, starting 1995.
| Month | Average | Median | % Positive | Best | Worst |
|---|---|---|---|---|---|
| January | +3.2% | +0.8% | 52% | +41.4% | −17.2% |
| February | −0.1% | −0.6% | 42% | +19.7% | −18.8% |
| March | −0.3% | +1.6% | 58% | +11.2% | −25.1% |
| April | +4.3% | +2.0% | 58% | +39.0% | −17.8% |
| May | −0.3% | 0.0% | 48% | +13.8% | −20.9% |
| June | +2.1% | +2.5% | 61% | +24.1% | −15.2% |
| July | +2.9% | +2.3% | 71% | +19.6% | −23.0% |
| August | −0.1% | +0.5% | 56% | +20.7% | −31.9% |
| September | −1.3% | +0.2% | 53% | +15.3% | −41.6% |
| October | +2.2% | +2.0% | 55% | +70.1% | −33.9% |
| November | +1.6% | +2.5% | 65% | +20.7% | −34.8% |
| December | +1.8% | +0.1% | 52% | +55.1% | −14.8% |
| Year | Return |
|---|---|
| 2025 | −1.3% |
| 2024 | +59.3% |
| 2023 | +49.8% |
| 2022 | −26.4% |
| 2021 | +7.5% |
| 2020 | −2.7% |
| 2019 | +34.6% |
| 2018 | −11.4% |
| 2017 | +30.0% |
| 2016 | +9.3% |
| 2015 | +13.6% |
| 2014 | −20.1% |
| 2013 | +8.4% |
| 2012 | +51.8% |
| 2011 | +4.6% |
| 2010 | +8.1% |
| 2009 | +29.2% |
| 2008 | −29.0% |
| 2007 | −3.9% |
| 2006 | +17.8% |
| 2005 | +1.9% |
| 2004 | +6.4% |
| 2003 | +113.1% |
| 2002 | −38.9% |
| 2001 | −5.2% |
| 2000 | −35.3% |
| 1999 | +44.4% |
| 1998 | +35.8% |
| 1997 | +128.5% |
| 1996 | −9.0% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.