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 | +1.5% | +2.0% | 59% | +14.8% | −35.9% |
| February | −0.5% | −0.2% | 48% | +21.1% | −36.0% |
| March | +0.3% | −0.4% | 48% | +23.3% | −29.7% |
| April | +2.7% | +2.1% | 64% | +40.5% | −10.0% |
| May | +1.4% | +0.9% | 64% | +27.4% | −13.3% |
| June | +0.4% | +0.8% | 52% | +12.4% | −14.4% |
| July | +2.1% | +1.2% | 64% | +27.5% | −8.8% |
| August | −0.9% | +0.1% | 51% | +12.5% | −17.2% |
| September | +0.9% | +1.5% | 56% | +24.0% | −16.2% |
| October | +1.3% | +1.8% | 68% | +20.8% | −22.8% |
| November | +2.7% | +1.9% | 63% | +27.5% | −15.2% |
| December | +2.5% | +2.0% | 68% | +21.7% | −15.1% |
| Year | Return |
|---|---|
| 2025 | +32.7% |
| 2024 | +42.7% |
| 2023 | +19.2% |
| 2022 | −13.9% |
| 2021 | +59.0% |
| 2020 | −43.9% |
| 2019 | +16.8% |
| 2018 | −24.0% |
| 2017 | +10.1% |
| 2016 | +1.4% |
| 2015 | −0.8% |
| 2014 | +20.7% |
| 2013 | +32.8% |
| 2012 | +24.0% |
| 2011 | −11.1% |
| 2010 | +14.8% |
| 2009 | −8.4% |
| 2008 | −2.4% |
| 2007 | −15.1% |
| 2006 | +13.2% |
| 2005 | +1.1% |
| 2004 | +5.5% |
| 2003 | +25.6% |
| 2002 | +7.8% |
| 2001 | −21.9% |
| 2000 | +37.7% |
| 1999 | +1.3% |
| 1998 | +3.1% |
| 1997 | +78.2% |
| 1996 | +31.8% |
| 1995 | +41.2% |
| 1994 | −4.1% |
| 1993 | +13.0% |
| 1992 | +18.2% |
| 1991 | +75.9% |
| 1990 | −7.8% |
| 1989 | +40.1% |
| 1988 | +30.2% |
| 1987 | +1.7% |
| 1986 | +16.4% |
| 1985 | +19.0% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.