Historical month-by-month and year-by-year returns
Based on 34 calendar years of monthly closes, starting 1993.
| Month | Average | Median | % Positive | Best | Worst |
|---|---|---|---|---|---|
| January | +0.8% | +1.6% | 61% | +8.0% | −8.2% |
| February | 0.0% | +0.4% | 53% | +6.9% | −10.7% |
| March | +0.5% | +1.3% | 59% | +9.4% | −13.0% |
| April | +2.0% | +1.3% | 74% | +12.7% | −8.8% |
| May | +1.2% | +1.6% | 71% | +6.3% | −7.9% |
| June | 0.0% | +0.1% | 53% | +6.4% | −8.8% |
| July | +1.4% | +1.7% | 65% | +9.2% | −7.9% |
| August | +0.1% | +0.7% | 63% | +7.0% | −14.1% |
| September | −0.9% | +0.1% | 52% | +8.4% | −10.9% |
| October | +1.7% | +2.2% | 64% | +10.9% | −16.5% |
| November | +2.4% | +3.0% | 76% | +10.9% | −7.5% |
| December | +0.5% | +0.5% | 64% | +6.2% | −9.3% |
| Year | Return |
|---|---|
| 2025 | +16.4% |
| 2024 | +23.3% |
| 2023 | +24.3% |
| 2022 | −19.5% |
| 2021 | +27.0% |
| 2020 | +16.2% |
| 2019 | +28.8% |
| 2018 | −6.3% |
| 2017 | +19.4% |
| 2016 | +9.6% |
| 2015 | −0.8% |
| 2014 | +11.3% |
| 2013 | +29.7% |
| 2012 | +13.5% |
| 2011 | −0.2% |
| 2010 | +12.8% |
| 2009 | +23.5% |
| 2008 | −38.3% |
| 2007 | +3.2% |
| 2006 | +13.7% |
| 2005 | +3.0% |
| 2004 | +8.6% |
| 2003 | +26.1% |
| 2002 | −22.8% |
| 2001 | −12.9% |
| 2000 | −10.7% |
| 1999 | +19.1% |
| 1998 | +27.0% |
| 1997 | +31.4% |
| 1996 | +20.1% |
| 1995 | +34.9% |
| 1994 | −2.2% |
| 1993 | +6.0% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.