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 | 0.0% | −1.2% | 44% | +12.9% | −10.4% |
| February | +0.5% | −0.6% | 43% | +20.5% | −13.3% |
| March | +0.7% | −0.7% | 48% | +27.9% | −15.0% |
| April | +2.3% | +0.2% | 50% | +35.3% | −9.7% |
| May | −0.6% | −0.7% | 40% | +14.7% | −10.2% |
| June | +1.2% | +0.3% | 52% | +18.5% | −11.3% |
| July | +1.2% | +0.6% | 52% | +29.0% | −12.7% |
| August | −0.8% | −0.8% | 49% | +26.0% | −15.7% |
| September | +1.1% | +0.5% | 56% | +29.1% | −15.1% |
| October | +0.3% | +0.4% | 51% | +13.0% | −12.2% |
| November | +1.0% | +1.5% | 61% | +15.0% | −17.1% |
| December | +4.0% | +3.3% | 68% | +43.3% | −11.6% |
| Year | Return |
|---|---|
| 2025 | +10.0% |
| 2024 | +6.1% |
| 2023 | +34.3% |
| 2022 | −26.3% |
| 2021 | +19.9% |
| 2020 | +10.0% |
| 2019 | +21.1% |
| 2018 | −8.7% |
| 2017 | +8.5% |
| 2016 | −4.7% |
| 2015 | −1.9% |
| 2014 | +2.9% |
| 2013 | +30.7% |
| 2012 | +41.0% |
| 2011 | −15.9% |
| 2010 | −6.6% |
| 2009 | +28.6% |
| 2008 | −38.4% |
| 2007 | −21.0% |
| 2006 | +28.4% |
| 2005 | +27.8% |
| 2004 | +19.1% |
| 2003 | +29.7% |
| 2002 | +4.0% |
| 2001 | −19.0% |
| 2000 | −35.4% |
| 1999 | +83.1% |
| 1998 | −7.3% |
| 1997 | −0.2% |
| 1996 | +36.1% |
| 1995 | +0.9% |
| 1994 | +30.9% |
| 1993 | +36.2% |
| 1992 | −1.6% |
| 1991 | +3.5% |
| 1990 | −20.8% |
| 1989 | −8.6% |
| 1988 | +48.6% |
| 1987 | +7.5% |
| 1986 | +119.6% |
| 1985 | +21.3% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.