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 | +0.5% | +1.0% | 53% | +14.7% | −18.2% |
| February | −0.3% | −1.8% | 44% | +36.7% | −10.1% |
| March | +1.0% | +1.8% | 65% | +13.3% | −16.8% |
| April | +2.4% | +2.4% | 63% | +20.7% | −21.6% |
| May | +1.0% | 0.0% | 49% | +20.5% | −16.6% |
| June | +3.1% | +1.3% | 60% | +40.3% | −8.8% |
| July | +0.8% | −0.2% | 43% | +25.2% | −12.5% |
| August | +1.4% | +0.1% | 50% | +19.0% | −12.4% |
| September | −0.3% | +1.1% | 59% | +15.6% | −18.7% |
| October | +1.4% | +2.9% | 62% | +26.9% | −41.6% |
| November | +1.7% | +1.8% | 65% | +24.6% | −30.2% |
| December | +4.4% | +2.9% | 74% | +23.6% | −17.8% |
| Year | Return |
|---|---|
| 2025 | −37.6% |
| 2024 | −8.6% |
| 2023 | +4.3% |
| 2022 | −7.7% |
| 2021 | +14.6% |
| 2020 | +15.4% |
| 2019 | +18.0% |
| 2018 | −29.6% |
| 2017 | +49.1% |
| 2016 | +7.6% |
| 2015 | +45.1% |
| 2014 | +39.5% |
| 2013 | +98.9% |
| 2012 | +71.2% |
| 2011 | −6.7% |
| 2010 | +39.0% |
| 2009 | +1.0% |
| 2008 | −33.3% |
| 2007 | −18.5% |
| 2006 | +10.6% |
| 2005 | +12.8% |
| 2004 | +41.2% |
| 2003 | +38.9% |
| 2002 | +10.7% |
| 2001 | +45.9% |
| 2000 | +15.2% |
| 1999 | −11.8% |
| 1998 | +4.4% |
| 1997 | +94.3% |
| 1996 | −12.6% |
| 1995 | −14.1% |
| 1994 | +20.6% |
| 1993 | +85.3% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.