Historical month-by-month and year-by-year returns
Based on 36 calendar years of monthly closes, starting 1991.
| Month | Average | Median | % Positive | Best | Worst |
|---|---|---|---|---|---|
| January | +3.4% | +3.7% | 66% | +29.1% | −27.9% |
| February | +0.2% | −1.1% | 46% | +77.1% | −26.1% |
| March | −2.2% | −1.8% | 43% | +36.5% | −35.5% |
| April | +1.6% | +3.1% | 60% | +39.7% | −23.7% |
| May | +7.7% | +4.1% | 57% | +56.0% | −17.0% |
| June | +3.2% | +0.9% | 57% | +42.6% | −23.1% |
| July | −0.7% | −0.3% | 46% | +21.3% | −19.3% |
| August | +4.8% | +2.6% | 65% | +73.6% | −26.9% |
| September | +3.0% | −0.2% | 49% | +50.8% | −51.1% |
| October | +0.1% | +1.8% | 54% | +35.8% | −23.4% |
| November | −2.0% | −1.3% | 49% | +25.0% | −40.0% |
| December | +7.2% | +5.7% | 66% | +31.8% | −15.5% |
| Year | Return |
|---|---|
| 2025 | +12.6% |
| 2024 | −1.0% |
| 2023 | +40.9% |
| 2022 | +31.5% |
| 2021 | −7.1% |
| 2020 | +7.9% |
| 2019 | +32.1% |
| 2018 | +10.6% |
| 2017 | +103.4% |
| 2016 | −41.5% |
| 2015 | +5.9% |
| 2014 | +59.9% |
| 2013 | +77.3% |
| 2012 | +26.2% |
| 2011 | −5.2% |
| 2010 | −18.2% |
| 2009 | +41.0% |
| 2008 | +30.8% |
| 2007 | −37.9% |
| 2006 | +35.2% |
| 2005 | +161.8% |
| 2004 | +2.1% |
| 2003 | −34.7% |
| 2002 | −35.5% |
| 2001 | −65.6% |
| 2000 | +308.6% |
| 1999 | +17.6% |
| 1998 | −9.8% |
| 1997 | −18.0% |
| 1996 | +51.9% |
| 1995 | +76.7% |
| 1994 | −18.9% |
| 1993 | +89.7% |
| 1992 | −33.9% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.