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 | +2.6% | +3.1% | 61% | +27.6% | −23.7% |
| February | +0.5% | +1.0% | 52% | +38.0% | −31.4% |
| March | +3.5% | +4.4% | 71% | +30.3% | −26.1% |
| April | +1.2% | +0.4% | 55% | +36.9% | −36.5% |
| May | +4.5% | +3.3% | 74% | +40.7% | −26.6% |
| June | +1.0% | +1.7% | 60% | +17.8% | −23.3% |
| July | +1.2% | +2.8% | 64% | +17.1% | −33.2% |
| August | −0.6% | −0.3% | 47% | +24.2% | −36.1% |
| September | +0.8% | −0.2% | 49% | +23.1% | −26.2% |
| October | +2.6% | +1.5% | 61% | +24.2% | −33.3% |
| November | +4.0% | +3.9% | 71% | +18.4% | −11.5% |
| December | +3.1% | +2.5% | 68% | +26.6% | −17.1% |
| Year | Return |
|---|---|
| 2025 | −34.7% |
| 2024 | −3.9% |
| 2023 | −0.7% |
| 2022 | +5.6% |
| 2021 | +43.2% |
| 2020 | +19.3% |
| 2019 | +18.0% |
| 2018 | +13.0% |
| 2017 | +37.8% |
| 2016 | +36.0% |
| 2015 | +16.4% |
| 2014 | +34.2% |
| 2013 | +38.8% |
| 2012 | +7.0% |
| 2011 | +40.3% |
| 2010 | +18.5% |
| 2009 | +14.6% |
| 2008 | −54.3% |
| 2007 | +8.3% |
| 2006 | −13.5% |
| 2005 | +41.2% |
| 2004 | +51.3% |
| 2003 | +39.4% |
| 2002 | +18.0% |
| 2001 | +15.3% |
| 2000 | +131.1% |
| 1999 | +23.4% |
| 1998 | −13.3% |
| 1997 | +10.4% |
| 1996 | −31.2% |
| 1995 | +44.9% |
| 1994 | +18.9% |
| 1993 | +33.4% |
| 1992 | +52.7% |
| 1991 | +220.4% |
| 1990 | +91.8% |
| 1989 | +169.4% |
| 1988 | +24.1% |
| 1987 | −56.7% |
| 1986 | −18.3% |
| 1985 | +64.0% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.