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 | −0.4% | −0.9% | 46% | +10.7% | −12.2% |
| February | −1.6% | −1.7% | 38% | +9.0% | −14.3% |
| March | +2.0% | +2.0% | 62% | +13.4% | −10.3% |
| April | +1.1% | +1.9% | 64% | +16.1% | −8.5% |
| May | +0.3% | +0.1% | 50% | +9.0% | −9.0% |
| June | +0.7% | +1.2% | 69% | +9.7% | −10.1% |
| July | +1.2% | +1.2% | 67% | +8.6% | −8.7% |
| August | +0.2% | −0.6% | 42% | +22.6% | −9.9% |
| September | +0.8% | +1.1% | 59% | +11.2% | −11.8% |
| October | +1.2% | +1.4% | 63% | +10.0% | −9.5% |
| November | +0.1% | +0.6% | 51% | +7.4% | −12.0% |
| December | +2.5% | +2.9% | 76% | +12.2% | −7.6% |
| Year | Return |
|---|---|
| 2025 | +5.9% |
| 2024 | +17.4% |
| 2023 | −1.8% |
| 2022 | +4.1% |
| 2021 | +11.6% |
| 2020 | −3.6% |
| 2019 | +45.0% |
| 2018 | −8.7% |
| 2017 | −2.2% |
| 2016 | +5.1% |
| 2015 | −4.7% |
| 2014 | +19.5% |
| 2013 | −4.0% |
| 2012 | −7.5% |
| 2011 | +21.1% |
| 2010 | +14.7% |
| 2009 | −9.9% |
| 2008 | −4.5% |
| 2007 | +5.1% |
| 2006 | +6.7% |
| 2005 | +3.0% |
| 2004 | +10.8% |
| 2003 | +6.6% |
| 2002 | +12.0% |
| 2001 | +24.8% |
| 2000 | +41.5% |
| 1999 | −19.1% |
| 1998 | +12.3% |
| 1997 | +14.4% |
| 1996 | −8.1% |
| 1995 | +23.1% |
| 1994 | −9.3% |
| 1993 | +14.6% |
| 1992 | +12.0% |
| 1991 | +23.3% |
| 1990 | −4.3% |
| 1989 | +30.2% |
| 1988 | 0.0% |
| 1987 | −11.8% |
| 1986 | +14.0% |
| 1985 | +22.8% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.