Historical month-by-month and year-by-year returns
Based on 40 calendar years of monthly closes, starting 1987.
| Month | Average | Median | % Positive | Best | Worst |
|---|---|---|---|---|---|
| January | +0.3% | +1.2% | 54% | +11.7% | −20.2% |
| February | +3.0% | +2.9% | 64% | +29.2% | −12.5% |
| March | +3.7% | +2.3% | 67% | +39.2% | −20.1% |
| April | −0.2% | 0.0% | 51% | +17.4% | −18.9% |
| May | +2.4% | +1.2% | 59% | +19.5% | −9.9% |
| June | −0.7% | −1.1% | 41% | +20.6% | −26.0% |
| July | +2.0% | +2.7% | 68% | +15.2% | −20.3% |
| August | +2.1% | +3.2% | 66% | +24.5% | −14.5% |
| September | −1.1% | −0.4% | 49% | +19.5% | −20.2% |
| October | +0.4% | +0.5% | 51% | +21.1% | −33.3% |
| November | +4.1% | +4.1% | 64% | +35.3% | −14.7% |
| December | +1.4% | +1.2% | 56% | +16.4% | −22.0% |
| Year | Return |
|---|---|
| 2025 | +27.2% |
| 2024 | +28.8% |
| 2023 | +17.9% |
| 2022 | +4.8% |
| 2021 | +11.2% |
| 2020 | +11.8% |
| 2019 | +36.5% |
| 2018 | +17.0% |
| 2017 | +1.8% |
| 2016 | +6.0% |
| 2015 | +3.4% |
| 2014 | +7.6% |
| 2013 | +50.1% |
| 2012 | +31.5% |
| 2011 | +45.4% |
| 2010 | +21.5% |
| 2009 | +77.7% |
| 2008 | −28.4% |
| 2007 | +0.7% |
| 2006 | +22.8% |
| 2005 | −7.6% |
| 2004 | +14.0% |
| 2003 | +13.0% |
| 2002 | −2.1% |
| 2001 | +43.6% |
| 2000 | +35.8% |
| 1999 | −29.5% |
| 1998 | +68.7% |
| 1997 | +45.1% |
| 1996 | +151.0% |
| 1995 | +20.8% |
| 1994 | −46.4% |
| 1993 | +3.1% |
| 1992 | +67.4% |
| 1991 | +55.2% |
| 1990 | −29.3% |
| 1989 | −29.7% |
| 1988 | +38.9% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.