Historical month-by-month and year-by-year returns
Based on 44 calendar years of monthly closes, starting 1983.
| Month | Average | Median | % Positive | Best | Worst |
|---|---|---|---|---|---|
| January | −0.5% | −0.1% | 49% | +12.0% | −17.2% |
| February | −0.8% | −1.3% | 40% | +15.5% | −14.9% |
| March | +1.3% | +2.1% | 63% | +14.7% | −17.2% |
| April | +0.2% | +0.7% | 53% | +18.1% | −17.0% |
| May | +0.6% | −0.3% | 47% | +12.9% | −11.0% |
| June | +1.1% | +1.2% | 65% | +13.4% | −16.5% |
| July | +0.1% | −0.4% | 49% | +12.4% | −10.4% |
| August | −0.7% | −0.8% | 43% | +12.3% | −15.9% |
| September | +2.4% | +2.8% | 67% | +19.4% | −18.8% |
| October | +0.3% | +1.1% | 55% | +27.7% | −19.1% |
| November | +1.1% | +1.3% | 55% | +14.1% | −13.4% |
| December | +2.0% | +1.5% | 60% | +13.1% | −13.1% |
| Year | Return |
|---|---|
| 2025 | +9.1% |
| 2024 | +35.7% |
| 2023 | −8.9% |
| 2022 | −0.9% |
| 2021 | −14.5% |
| 2020 | −26.4% |
| 2019 | +36.9% |
| 2018 | −26.6% |
| 2017 | −8.6% |
| 2016 | +23.6% |
| 2015 | +2.4% |
| 2014 | −4.5% |
| 2013 | +4.3% |
| 2012 | +11.5% |
| 2011 | +2.9% |
| 2010 | +4.8% |
| 2009 | −1.6% |
| 2008 | −31.4% |
| 2007 | +16.3% |
| 2006 | +46.0% |
| 2005 | −5.0% |
| 2004 | −1.2% |
| 2003 | −3.8% |
| 2002 | −30.8% |
| 2001 | −18.0% |
| 2000 | −2.1% |
| 1999 | −9.1% |
| 1998 | +46.4% |
| 1997 | +41.2% |
| 1996 | −9.4% |
| 1995 | +41.8% |
| 1994 | −2.7% |
| 1993 | +12.2% |
| 1992 | +14.5% |
| 1991 | +15.4% |
| 1990 | −12.3% |
| 1989 | +58.2% |
| 1988 | +17.5% |
| 1987 | −8.1% |
| 1986 | +31.3% |
| 1985 | +20.8% |
| 1984 | +20.2% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.