Historical month-by-month and year-by-year returns
Based on 55 calendar years of monthly closes, starting 1972.
| Month | Average | Median | % Positive | Best | Worst |
|---|---|---|---|---|---|
| January | +2.3% | +1.6% | 57% | +57.9% | −20.8% |
| February | +0.6% | +0.5% | 57% | +16.3% | −15.6% |
| March | +3.3% | +3.4% | 69% | +41.6% | −26.6% |
| April | +1.3% | +2.2% | 56% | +24.0% | −15.7% |
| May | +2.2% | +1.5% | 63% | +22.6% | −15.9% |
| June | +2.2% | +1.2% | 54% | +16.1% | −31.3% |
| July | +2.7% | +1.6% | 65% | +58.7% | −12.7% |
| August | +0.9% | +0.8% | 55% | +31.7% | −15.4% |
| September | 0.0% | +0.9% | 57% | +13.1% | −14.4% |
| October | +1.4% | +1.2% | 59% | +26.4% | −27.1% |
| November | +3.6% | +5.6% | 70% | +20.7% | −34.0% |
| December | −0.4% | −0.7% | 44% | +20.5% | −13.7% |
| Year | Return |
|---|---|
| 2025 | +23.3% |
| 2024 | +71.9% |
| 2023 | +11.2% |
| 2022 | −2.0% |
| 2021 | +0.4% |
| 2020 | +21.3% |
| 2019 | +27.6% |
| 2018 | −5.7% |
| 2017 | +42.9% |
| 2016 | +12.8% |
| 2015 | −28.6% |
| 2014 | +9.1% |
| 2013 | +15.3% |
| 2012 | +14.2% |
| 2011 | +10.8% |
| 2010 | +0.9% |
| 2009 | −4.7% |
| 2008 | +17.9% |
| 2007 | +2.9% |
| 2006 | −1.3% |
| 2005 | −11.4% |
| 2004 | −0.4% |
| 2003 | +5.0% |
| 2002 | −12.2% |
| 2001 | +8.3% |
| 2000 | −23.1% |
| 1999 | +69.8% |
| 1998 | +106.5% |
| 1997 | +73.4% |
| 1996 | +2.2% |
| 1995 | +4.7% |
| 1994 | −15.0% |
| 1993 | −21.9% |
| 1992 | +8.7% |
| 1991 | +94.6% |
| 1990 | +34.8% |
| 1989 | +43.0% |
| 1988 | +20.7% |
| 1987 | +11.8% |
| 1986 | +45.9% |
| 1985 | +68.3% |
| 1984 | −2.9% |
| 1983 | +56.4% |
| 1982 | +134.7% |
| 1981 | +40.5% |
| 1980 | +82.0% |
| 1979 | +46.2% |
| 1978 | +12.3% |
| 1977 | +30.6% |
| 1976 | +18.1% |
| 1975 | +176.3% |
| 1974 | −29.0% |
| 1973 | −61.2% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.