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 | +2.7% | +2.1% | 54% | +21.3% | −17.0% |
| February | +0.4% | +0.8% | 55% | +27.3% | −16.9% |
| March | +0.9% | +1.1% | 55% | +30.4% | −19.4% |
| April | +2.5% | +1.2% | 57% | +22.9% | −16.1% |
| May | +2.5% | +3.0% | 64% | +19.1% | −11.8% |
| June | +0.5% | −0.4% | 45% | +19.0% | −21.1% |
| July | +2.0% | +3.4% | 67% | +15.3% | −32.7% |
| August | +1.3% | +2.1% | 63% | +17.9% | −29.3% |
| September | −0.6% | +1.1% | 59% | +13.7% | −16.7% |
| October | +0.5% | +1.3% | 56% | +32.4% | −39.6% |
| November | +1.9% | +2.2% | 54% | +27.0% | −15.4% |
| December | +2.4% | +0.9% | 63% | +19.5% | −10.3% |
| Year | Return |
|---|---|
| 2025 | +11.4% |
| 2024 | −2.0% |
| 2023 | −3.6% |
| 2022 | −17.5% |
| 2021 | +43.3% |
| 2020 | +43.4% |
| 2019 | +45.2% |
| 2018 | +17.9% |
| 2017 | +34.6% |
| 2016 | −0.5% |
| 2015 | +13.2% |
| 2014 | +12.5% |
| 2013 | +74.6% |
| 2012 | +41.8% |
| 2011 | −18.8% |
| 2010 | +16.1% |
| 2009 | +40.0% |
| 2008 | −40.9% |
| 2007 | +27.4% |
| 2006 | +50.3% |
| 2005 | −0.2% |
| 2004 | +19.8% |
| 2003 | +25.2% |
| 2002 | −15.7% |
| 2001 | −19.8% |
| 2000 | +98.3% |
| 1999 | −11.4% |
| 1998 | −61.5% |
| 1997 | +6.7% |
| 1996 | +19.0% |
| 1995 | +73.8% |
| 1994 | +6.8% |
| 1993 | +33.7% |
| 1992 | +1.1% |
| 1991 | +61.5% |
| 1990 | −5.7% |
| 1989 | +51.2% |
| 1988 | +48.6% |
| 1987 | −19.9% |
| 1986 | +26.7% |
| 1985 | +38.8% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.