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 | +1.0% | −0.2% | 49% | +15.1% | −12.1% |
| February | +0.5% | +0.9% | 62% | +12.7% | −14.8% |
| March | +1.5% | +2.4% | 60% | +14.0% | −11.7% |
| April | +2.7% | +2.3% | 60% | +19.5% | −14.2% |
| May | +1.1% | +1.1% | 60% | +13.4% | −11.6% |
| June | −0.8% | −0.6% | 38% | +10.8% | −12.5% |
| July | +3.2% | +3.8% | 67% | +17.6% | −9.0% |
| August | −1.1% | −1.0% | 40% | +15.2% | −12.1% |
| September | −0.9% | 0.0% | 51% | +12.1% | −15.2% |
| October | +2.1% | +2.0% | 61% | +23.2% | −33.9% |
| November | +2.0% | +2.8% | 63% | +15.2% | −25.1% |
| December | +1.8% | +2.4% | 66% | +15.0% | −10.1% |
| Year | Return |
|---|---|
| 2025 | +1.4% |
| 2024 | −7.2% |
| 2023 | +18.6% |
| 2022 | −17.8% |
| 2021 | +21.0% |
| 2020 | +15.2% |
| 2019 | +30.8% |
| 2018 | +3.1% |
| 2017 | +29.3% |
| 2016 | +32.6% |
| 2015 | −34.4% |
| 2014 | +41.8% |
| 2013 | +33.6% |
| 2012 | +18.7% |
| 2011 | +14.3% |
| 2010 | +45.0% |
| 2009 | +33.7% |
| 2008 | −23.9% |
| 2007 | +36.5% |
| 2006 | +14.3% |
| 2005 | +19.7% |
| 2004 | −3.2% |
| 2003 | +16.1% |
| 2002 | +5.0% |
| 2001 | +12.3% |
| 2000 | +16.2% |
| 1999 | −3.1% |
| 1998 | −28.0% |
| 1997 | +4.2% |
| 1996 | +35.5% |
| 1995 | +45.5% |
| 1994 | −27.5% |
| 1993 | +7.1% |
| 1992 | +13.0% |
| 1991 | +46.5% |
| 1990 | −7.8% |
| 1989 | +19.3% |
| 1988 | +19.0% |
| 1987 | −13.3% |
| 1986 | +15.5% |
| 1985 | +14.6% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.