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 | +3.7% | +1.7% | 63% | +31.2% | −23.4% |
| February | +1.4% | +2.1% | 60% | +25.7% | −19.2% |
| March | 0.0% | +0.1% | 52% | +23.9% | −50.2% |
| April | +3.9% | +4.7% | 69% | +24.7% | −20.5% |
| May | +0.1% | −0.5% | 43% | +17.8% | −21.4% |
| June | −0.1% | +0.9% | 52% | +14.7% | −22.2% |
| July | +2.6% | +2.0% | 64% | +22.2% | −16.4% |
| August | −0.7% | −0.2% | 49% | +18.3% | −27.7% |
| September | −1.5% | −1.8% | 34% | +16.1% | −23.5% |
| October | +0.1% | −2.8% | 44% | +44.9% | −33.9% |
| November | −0.1% | −0.1% | 49% | +39.2% | −18.6% |
| December | +0.6% | +1.9% | 54% | +28.9% | −20.0% |
| Year | Return |
|---|---|
| 2025 | +0.1% |
| 2024 | −26.3% |
| 2023 | −2.7% |
| 2022 | +78.5% |
| 2021 | +37.2% |
| 2020 | −45.7% |
| 2019 | +11.4% |
| 2018 | −46.5% |
| 2017 | −19.7% |
| 2016 | +20.4% |
| 2015 | −18.3% |
| 2014 | −5.2% |
| 2013 | +30.0% |
| 2012 | +1.4% |
| 2011 | −18.2% |
| 2010 | +28.3% |
| 2009 | +53.8% |
| 2008 | −57.0% |
| 2007 | +55.7% |
| 2006 | +30.0% |
| 2005 | +45.1% |
| 2004 | +22.4% |
| 2003 | +30.0% |
| 2002 | −23.4% |
| 2001 | −31.3% |
| 2000 | +42.4% |
| 1999 | +21.0% |
| 1998 | −42.4% |
| 1997 | +61.2% |
| 1996 | +44.2% |
| 1995 | +37.5% |
| 1994 | −14.8% |
| 1993 | +3.3% |
| 1992 | −8.2% |
| 1991 | +7.8% |
| 1990 | +17.8% |
| 1989 | +50.6% |
| 1988 | +13.5% |
| 1987 | −9.4% |
| 1986 | −13.0% |
| 1985 | −8.7% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.