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 | +2.1% | +0.5% | 50% | +32.0% | −20.2% |
| February | +0.8% | +0.9% | 53% | +14.6% | −11.6% |
| March | +3.4% | +2.3% | 74% | +32.3% | −16.2% |
| April | +2.1% | +1.4% | 53% | +31.6% | −32.5% |
| May | +2.3% | +1.3% | 53% | +23.9% | −14.6% |
| June | +2.1% | +2.2% | 59% | +23.6% | −13.8% |
| July | +0.3% | +1.7% | 66% | +27.4% | −38.1% |
| August | +0.2% | −1.0% | 47% | +26.0% | −24.6% |
| September | +1.6% | +1.8% | 62% | +21.6% | −18.4% |
| October | +3.6% | +2.3% | 68% | +19.9% | −21.1% |
| November | +3.7% | +5.6% | 76% | +28.0% | −32.0% |
| December | +0.4% | −0.3% | 47% | +21.7% | −17.3% |
| Year | Return |
|---|---|
| 2025 | −7.7% |
| 2024 | −5.0% |
| 2023 | −3.2% |
| 2022 | −15.2% |
| 2021 | +9.3% |
| 2020 | +21.7% |
| 2019 | +36.5% |
| 2018 | +12.1% |
| 2017 | +3.4% |
| 2016 | −7.5% |
| 2015 | +46.3% |
| 2014 | +4.7% |
| 2013 | +46.2% |
| 2012 | +16.6% |
| 2011 | +43.2% |
| 2010 | +39.3% |
| 2009 | +143.8% |
| 2008 | −53.8% |
| 2007 | −42.2% |
| 2006 | +18.0% |
| 2005 | −3.8% |
| 2004 | +88.1% |
| 2003 | +62.7% |
| 2002 | +7.0% |
| 2001 | −13.9% |
| 2000 | +82.5% |
| 1999 | −13.6% |
| 1998 | +46.3% |
| 1997 | +34.1% |
| 1996 | +36.3% |
| 1995 | +52.7% |
| 1994 | +23.6% |
| 1993 | +20.3% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.