Historical month-by-month and year-by-year returns
Based on 39 calendar years of monthly closes, starting 1988.
| Month | Average | Median | % Positive | Best | Worst |
|---|---|---|---|---|---|
| January | +1.4% | +0.3% | 53% | +26.4% | −12.1% |
| February | −0.7% | +0.7% | 53% | +13.3% | −20.8% |
| March | +4.5% | +1.8% | 58% | +55.3% | −16.5% |
| April | +1.4% | +1.0% | 55% | +27.3% | −21.8% |
| May | +2.3% | +1.5% | 63% | +27.3% | −9.5% |
| June | +4.2% | +0.5% | 55% | +106.7% | −21.1% |
| July | +0.8% | +0.4% | 54% | +54.8% | −52.6% |
| August | −1.2% | −0.3% | 45% | +13.6% | −29.0% |
| September | −0.5% | −1.1% | 34% | +19.3% | −13.5% |
| October | +0.9% | +0.1% | 50% | +18.4% | −10.3% |
| November | +1.8% | +0.4% | 58% | +19.7% | −11.1% |
| December | +1.4% | +1.5% | 66% | +18.7% | −25.0% |
| Year | Return |
|---|---|
| 2025 | +8.9% |
| 2024 | +12.7% |
| 2023 | +14.2% |
| 2022 | −6.0% |
| 2021 | +41.5% |
| 2020 | +3.5% |
| 2019 | +28.1% |
| 2018 | +3.1% |
| 2017 | +21.7% |
| 2016 | +32.9% |
| 2015 | +4.0% |
| 2014 | +14.4% |
| 2013 | +33.0% |
| 2012 | +3.1% |
| 2011 | −11.3% |
| 2010 | +9.1% |
| 2009 | +2.0% |
| 2008 | +1.4% |
| 2007 | −11.2% |
| 2006 | +21.2% |
| 2005 | +1.4% |
| 2004 | +1.1% |
| 2003 | +29.1% |
| 2002 | −28.2% |
| 2001 | +15.0% |
| 2000 | +61.5% |
| 1999 | −63.1% |
| 1998 | +18.8% |
| 1997 | +23.1% |
| 1996 | +68.9% |
| 1995 | +65.9% |
| 1994 | 0.0% |
| 1993 | −21.6% |
| 1992 | −17.1% |
| 1991 | +204.3% |
| 1990 | +283.3% |
| 1989 | −36.8% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.