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 | +0.3% | +0.7% | 54% | +12.3% | −12.1% |
| February | −1.1% | −0.8% | 48% | +12.6% | −21.0% |
| March | +1.0% | +0.3% | 57% | +24.9% | −12.1% |
| April | +0.6% | +0.2% | 50% | +11.7% | −13.0% |
| May | +0.2% | −0.2% | 43% | +14.0% | −11.9% |
| June | +1.2% | +0.9% | 60% | +19.4% | −11.4% |
| July | −0.2% | −0.1% | 50% | +10.6% | −17.8% |
| August | −0.3% | +0.5% | 51% | +10.6% | −13.4% |
| September | +0.8% | +0.4% | 56% | +11.3% | −14.7% |
| October | +1.6% | −0.2% | 49% | +37.6% | −9.6% |
| November | +1.4% | +0.7% | 54% | +11.6% | −9.2% |
| December | +0.8% | +1.0% | 54% | +11.8% | −10.8% |
| Year | Return |
|---|---|
| 2025 | +1.9% |
| 2024 | +6.1% |
| 2023 | −4.3% |
| 2022 | −24.2% |
| 2021 | −11.6% |
| 2020 | −4.3% |
| 2019 | +9.2% |
| 2018 | +6.2% |
| 2017 | −0.8% |
| 2016 | +15.5% |
| 2015 | −1.2% |
| 2014 | −4.8% |
| 2013 | +13.6% |
| 2012 | +7.9% |
| 2011 | +12.1% |
| 2010 | +15.2% |
| 2009 | −2.3% |
| 2008 | −22.0% |
| 2007 | +17.3% |
| 2006 | +28.3% |
| 2005 | −25.6% |
| 2004 | +15.5% |
| 2003 | −9.5% |
| 2002 | −18.4% |
| 2001 | −5.3% |
| 2000 | −18.6% |
| 1999 | +14.0% |
| 1998 | +18.7% |
| 1997 | +40.5% |
| 1996 | −3.2% |
| 1995 | +34.4% |
| 1994 | −16.0% |
| 1993 | +15.6% |
| 1992 | +6.2% |
| 1991 | −10.0% |
| 1990 | −3.6% |
| 1989 | +56.4% |
| 1988 | +9.4% |
| 1987 | −3.7% |
| 1986 | +26.8% |
| 1985 | +29.5% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.