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 | +3.4% | +4.4% | 68% | +23.9% | −15.8% |
| February | +0.9% | +2.2% | 64% | +24.2% | −27.1% |
| March | +1.0% | +1.5% | 57% | +26.6% | −15.4% |
| April | +2.4% | +0.2% | 50% | +32.2% | −11.3% |
| May | +1.3% | +1.3% | 62% | +16.6% | −15.0% |
| June | +0.9% | −0.4% | 40% | +16.8% | −15.2% |
| July | +2.9% | +2.1% | 60% | +17.9% | −13.3% |
| August | −0.6% | −0.3% | 49% | +13.6% | −26.0% |
| September | 0.0% | −1.3% | 44% | +23.3% | −11.3% |
| October | +1.2% | +1.0% | 54% | +23.3% | −34.0% |
| November | +2.2% | +2.0% | 66% | +20.2% | −27.2% |
| December | +5.0% | +3.0% | 76% | +34.2% | −10.7% |
| Year | Return |
|---|---|
| 2025 | −2.4% |
| 2024 | +20.2% |
| 2023 | +22.5% |
| 2022 | −8.6% |
| 2021 | +9.1% |
| 2020 | +16.7% |
| 2019 | +33.9% |
| 2018 | +1.2% |
| 2017 | +29.2% |
| 2016 | +28.9% |
| 2015 | −1.5% |
| 2014 | +25.5% |
| 2013 | +37.1% |
| 2012 | +10.3% |
| 2011 | −7.4% |
| 2010 | +6.6% |
| 2009 | +26.1% |
| 2008 | −46.5% |
| 2007 | +35.6% |
| 2006 | +24.0% |
| 2005 | −7.9% |
| 2004 | +13.5% |
| 2003 | +26.7% |
| 2002 | +15.0% |
| 2001 | +15.4% |
| 2000 | +45.3% |
| 1999 | +26.4% |
| 1998 | +47.8% |
| 1997 | +24.7% |
| 1996 | +13.8% |
| 1995 | +42.9% |
| 1994 | +30.1% |
| 1993 | −27.8% |
| 1992 | −21.8% |
| 1991 | +220.0% |
| 1990 | +26.3% |
| 1989 | +83.3% |
| 1988 | +15.7% |
| 1987 | +9.4% |
| 1986 | +33.3% |
| 1985 | +27.4% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.