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% | −0.2% | 44% | +24.1% | −11.0% |
| February | +0.6% | +0.9% | 52% | +22.7% | −17.2% |
| March | +1.8% | +2.5% | 67% | +11.3% | −26.2% |
| April | +2.7% | +2.4% | 67% | +22.4% | −11.2% |
| May | −0.5% | −0.4% | 45% | +12.6% | −13.7% |
| June | +0.5% | +0.8% | 57% | +8.8% | −10.8% |
| July | +0.8% | +1.2% | 55% | +13.7% | −10.2% |
| August | −1.1% | −0.9% | 33% | +13.4% | −7.9% |
| September | +0.5% | −0.6% | 46% | +9.1% | −14.0% |
| October | +1.4% | +1.1% | 56% | +26.9% | −12.3% |
| November | +0.7% | +0.8% | 54% | +16.9% | −13.8% |
| December | +1.3% | +1.7% | 71% | +13.3% | −14.2% |
| Year | Return |
|---|---|
| 2025 | +11.9% |
| 2024 | +7.6% |
| 2023 | −9.4% |
| 2022 | +80.3% |
| 2021 | +48.4% |
| 2020 | −40.9% |
| 2019 | +2.3% |
| 2018 | −18.5% |
| 2017 | −7.3% |
| 2016 | +15.8% |
| 2015 | −15.7% |
| 2014 | −8.6% |
| 2013 | +16.9% |
| 2012 | +2.1% |
| 2011 | +15.9% |
| 2010 | +7.2% |
| 2009 | −14.6% |
| 2008 | −14.8% |
| 2007 | +22.3% |
| 2006 | +36.4% |
| 2005 | +9.6% |
| 2004 | +25.0% |
| 2003 | +17.3% |
| 2002 | −11.1% |
| 2001 | −9.6% |
| 2000 | +7.9% |
| 1999 | +10.2% |
| 1998 | +19.5% |
| 1997 | +24.9% |
| 1996 | +20.8% |
| 1995 | +33.5% |
| 1994 | −3.8% |
| 1993 | +3.3% |
| 1992 | +0.4% |
| 1991 | +17.6% |
| 1990 | +3.5% |
| 1989 | +13.6% |
| 1988 | +15.4% |
| 1987 | +8.7% |
| 1986 | +27.2% |
| 1985 | +14.8% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.