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 | +2.1% | −0.4% | 46% | +26.2% | −13.6% |
| February | +1.5% | +1.4% | 64% | +15.8% | −10.4% |
| March | +3.2% | +2.5% | 64% | +26.7% | −16.0% |
| April | +1.2% | +0.6% | 52% | +20.0% | −13.6% |
| May | +1.2% | +0.5% | 55% | +16.2% | −29.2% |
| June | −1.1% | +0.5% | 52% | +10.5% | −12.9% |
| July | +2.4% | +2.3% | 67% | +21.5% | −18.4% |
| August | +0.4% | +1.1% | 56% | +23.9% | −23.1% |
| September | −0.8% | −0.7% | 46% | +14.2% | −13.7% |
| October | +0.8% | +1.3% | 66% | +18.5% | −47.7% |
| November | +2.8% | +1.7% | 54% | +20.8% | −15.9% |
| December | +0.1% | +1.6% | 59% | +20.6% | −16.6% |
| Year | Return |
|---|---|
| 2025 | −27.7% |
| 2024 | −5.1% |
| 2023 | −4.4% |
| 2022 | −35.6% |
| 2021 | +31.1% |
| 2020 | +37.7% |
| 2019 | +94.0% |
| 2018 | +1.3% |
| 2017 | −9.7% |
| 2016 | −0.5% |
| 2015 | −4.3% |
| 2014 | +20.0% |
| 2013 | +6.9% |
| 2012 | +15.5% |
| 2011 | −14.8% |
| 2010 | +24.3% |
| 2009 | +40.1% |
| 2008 | −30.9% |
| 2007 | −12.4% |
| 2006 | +3.8% |
| 2005 | +5.9% |
| 2004 | +35.2% |
| 2003 | +28.0% |
| 2002 | −26.9% |
| 2001 | +27.3% |
| 2000 | −12.2% |
| 1999 | +35.4% |
| 1998 | +60.7% |
| 1997 | +72.0% |
| 1996 | +57.0% |
| 1995 | +6.0% |
| 1994 | +6.2% |
| 1993 | −12.0% |
| 1992 | +22.4% |
| 1991 | +8.1% |
| 1990 | −10.0% |
| 1989 | +60.6% |
| 1988 | +43.4% |
| 1987 | −35.0% |
| 1986 | −7.4% |
| 1985 | +27.4% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.