Historical month-by-month and year-by-year returns
Based on 49 calendar years of monthly closes, starting 1978.
| Month | Average | Median | % Positive | Best | Worst |
|---|---|---|---|---|---|
| January | +15.2% | +9.8% | 73% | +116.6% | −27.7% |
| February | −0.8% | −1.1% | 46% | +26.0% | −30.3% |
| March | +2.0% | −1.7% | 48% | +65.3% | −30.8% |
| April | +4.2% | +4.5% | 63% | +60.6% | −28.0% |
| May | +2.4% | +3.5% | 56% | +34.2% | −31.8% |
| June | −3.9% | −2.9% | 31% | +27.8% | −30.8% |
| July | −0.3% | −3.6% | 44% | +38.2% | −27.3% |
| August | +4.0% | +2.2% | 53% | +61.7% | −27.0% |
| September | −2.5% | −3.1% | 38% | +49.4% | −39.8% |
| October | +0.9% | −2.3% | 45% | +57.5% | −30.2% |
| November | +4.5% | +6.8% | 67% | +40.6% | −45.8% |
| December | +4.1% | +6.1% | 60% | +33.1% | −25.0% |
| Year | Return |
|---|---|
| 2025 | +282.2% |
| 2024 | +13.9% |
| 2023 | +66.0% |
| 2022 | −51.6% |
| 2021 | +17.7% |
| 2020 | −12.7% |
| 2019 | +71.7% |
| 2018 | −53.5% |
| 2017 | +17.0% |
| 2016 | +13.2% |
| 2015 | −45.8% |
| 2014 | +31.9% |
| 2013 | +97.5% |
| 2012 | +37.3% |
| 2011 | −8.7% |
| 2010 | −23.2% |
| 2009 | +285.6% |
| 2008 | −62.1% |
| 2007 | +47.7% |
| 2006 | +9.9% |
| 2005 | +71.7% |
| 2004 | −8.1% |
| 2003 | +84.5% |
| 2002 | +1.9% |
| 2001 | +157.2% |
| 2000 | −41.8% |
| 1999 | −72.2% |
| 1998 | −5.9% |
| 1997 | −43.7% |
| 1996 | +218.2% |
| 1995 | +6.7% |
| 1994 | +83.6% |
| 1993 | +5.8% |
| 1992 | +228.6% |
| 1991 | −46.2% |
| 1990 | −41.8% |
| 1989 | −43.2% |
| 1988 | −9.2% |
| 1987 | −12.2% |
| 1986 | +76.2% |
| 1985 | +21.7% |
| 1984 | −4.2% |
| 1983 | +94.6% |
| 1982 | −30.2% |
| 1981 | −32.9% |
| 1980 | +229.2% |
| 1979 | +60.0% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.