SPDR S&P 500 ETF Trust (SPY)
Top ETFs · US Large Cap · data since 1993-01-29 · last close 2026-09-09
SPDR S&P 500 ETF Trust (SPY) monthly returns (%)
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.5 | -0.9 | -4.9 | 10.5 | 5.3 | -1.0 | 0.0 | 2.7 | -0.6 | · | · | · |
| 2025 | 2.7 | -1.3 | -5.6 | -0.9 | 6.3 | 5.1 | 2.3 | 2.0 | 3.6 | 2.4 | 0.2 | 0.1 |
| 2024 | 1.6 | 5.2 | 3.3 | -4.0 | 5.1 | 3.5 | 1.2 | 2.3 | 2.1 | -0.9 | 6.0 | -2.4 |
| 2023 | 6.3 | -2.5 | 3.7 | 1.6 | 0.5 | 6.5 | 3.3 | -1.6 | -4.7 | -2.2 | 9.1 | 4.6 |
| 2022 | -5.3 | -3.0 | 3.8 | -8.8 | 0.2 | -8.3 | 9.2 | -4.1 | -9.2 | 8.1 | 5.6 | -5.8 |
| 2021 | -1.0 | 2.8 | 4.5 | 5.3 | 0.7 | 2.2 | 2.4 | 3.0 | -4.7 | 7.0 | -0.8 | 4.6 |
| 2020 | -0.0 | -7.9 | -12.5 | 12.7 | 4.8 | 1.8 | 5.9 | 7.0 | -3.7 | -2.5 | 10.9 | 3.7 |
| 2019 | 8.0 | 3.2 | 1.8 | 4.1 | -6.4 | 7.0 | 1.5 | -1.7 | 1.9 | 2.2 | 3.6 | 2.9 |
| 2018 | 5.6 | -3.6 | -2.7 | 0.5 | 2.4 | 0.6 | 3.7 | 3.2 | 0.6 | -6.9 | 1.9 | -8.8 |
| 2017 | 1.8 | 3.9 | 0.1 | 1.0 | 1.4 | 0.6 | 2.1 | 0.3 | 2.0 | 2.4 | 3.1 | 1.2 |
| 2016 | -5.0 | -0.1 | 6.7 | 0.4 | 1.7 | 0.3 | 3.6 | 0.1 | 0.0 | -1.7 | 3.7 | 2.0 |
| 2015 | -3.0 | 5.6 | -1.6 | 1.0 | 1.3 | -2.0 | 2.3 | -6.1 | -2.5 | 8.5 | 0.4 | -1.7 |
| 2014 | -3.5 | 4.5 | 0.8 | 0.7 | 2.3 | 2.1 | -1.3 | 4.0 | -1.4 | 2.4 | 2.8 | -0.3 |
| 2013 | 5.1 | 1.3 | 3.8 | 1.9 | 2.4 | -1.3 | 5.2 | -3.0 | 3.2 | 4.6 | 3.0 | 2.6 |
| 2012 | 4.6 | 4.3 | 3.2 | -0.7 | -6.0 | 4.1 | 1.2 | 2.5 | 2.5 | -1.8 | 0.6 | 0.9 |
| 2011 | 2.3 | 3.5 | 0.0 | 2.9 | -1.1 | -1.7 | -2.0 | -5.5 | -6.9 | 10.9 | -0.4 | 1.0 |
| 2010 | -3.6 | 3.1 | 6.1 | 1.6 | -8.0 | -5.2 | 6.8 | -4.5 | 9.0 | 3.8 | 0.0 | 6.7 |
| 2009 | -8.2 | -10.7 | 8.3 | 9.9 | 5.8 | -0.1 | 7.5 | 3.7 | 3.5 | -1.9 | 6.2 | 1.9 |
| 2008 | -6.0 | -2.6 | -0.9 | 4.8 | 1.5 | -8.4 | -0.9 | 1.6 | -9.4 | -16.5 | -7.0 | 1.0 |
| 2007 | 1.5 | -2.0 | 1.2 | 4.4 | 3.4 | -1.5 | -3.1 | 1.3 | 3.9 | 1.4 | -3.9 | -1.1 |
| 2006 | 2.4 | 0.6 | 1.6 | 1.3 | -3.0 | 0.3 | 0.5 | 2.2 | 2.7 | 3.1 | 2.0 | 1.3 |
| 2005 | -2.2 | 2.1 | -1.8 | -1.9 | 3.2 | 0.1 | 3.8 | -0.9 | 0.8 | -2.4 | 4.4 | -0.2 |
| 2004 | 2.0 | 1.4 | -1.3 | -1.9 | 1.7 | 1.9 | -3.2 | 0.2 | 1.0 | 1.3 | 4.5 | 3.0 |
| 2003 | -2.5 | -1.4 | 0.2 | 8.5 | 5.5 | 1.1 | 1.8 | 2.1 | -1.1 | 5.3 | 1.1 | 5.0 |
| 2002 | -1.0 | -1.8 | 3.3 | -5.8 | -0.6 | -7.4 | -7.9 | 0.7 | -10.5 | 8.2 | 6.2 | -5.7 |
| 2001 | 4.5 | -9.5 | -5.6 | 8.5 | -0.6 | -2.4 | -1.0 | -5.9 | -8.2 | 1.3 | 7.8 | 0.6 |
| 2000 | -5.0 | -1.5 | 9.7 | -3.5 | -1.6 | 2.0 | -1.6 | 6.5 | -5.5 | -0.5 | -7.5 | -0.5 |
| 1999 | 3.5 | -3.2 | 4.2 | 3.8 | -2.3 | 5.5 | -3.1 | -0.5 | -2.2 | 6.4 | 1.7 | 5.7 |
| 1998 | 1.3 | 6.9 | 4.9 | 1.3 | -2.1 | 4.3 | -1.4 | -14.1 | 6.4 | 8.1 | 5.6 | 6.5 |
| 1997 | 6.2 | 1.0 | -4.4 | 6.3 | 6.3 | 4.1 | 7.9 | -5.2 | 4.8 | -2.5 | 3.9 | 1.9 |
| 1996 | 3.6 | 0.3 | 1.7 | 1.1 | 2.3 | 0.9 | -4.5 | 1.9 | 5.6 | 3.2 | 7.3 | -2.4 |
| 1995 | 3.4 | 4.1 | 2.8 | 3.0 | 4.0 | 2.0 | 3.2 | 0.5 | 4.2 | -0.3 | 4.5 | 1.6 |
| 1994 | 3.5 | -2.9 | -4.2 | 1.1 | 1.6 | -2.3 | 3.2 | 3.8 | -2.5 | 2.8 | -4.0 | 0.7 |
| 1993 | 0.0 | 1.1 | 2.2 | -2.6 | 2.7 | 0.4 | -0.5 | 3.8 | -0.7 | 2.0 | -1.1 | 1.2 |
| Avg | 0.7 | 0.0 | 1.0 | 2.0 | 1.2 | 0.4 | 1.4 | 0.1 | -0.5 | 1.7 | 2.5 | 1.0 |
Values in %. Current and first-listed months are partial (greyed).
returnsview.com
SPY seasonality — average by calendar month
SPDR S&P 500 ETF Trust has monthly history back to 1993. Its strongest month by median is November — positive in 25 of 33 years, median +3.0%, and higher in 8 of the last 9. Across its full record it has closed 65% of months higher, swings ±4.3% in an average month and has fallen 55.2% peak to trough.
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Avg | +0.7% | 0.0% | +0.9% | +2.0% | +1.2% | +0.4% | +1.4% | +0.1% | -0.5% | +1.7% | +2.5% | +1.0% |
| Win rate | 59%/34 | 53%/34 | 68%/34 | 74%/34 | 71%/34 | 65%/34 | 65%/34 | 65%/34 | 55%/33 | 64%/33 | 76%/33 | 70%/33 |
Win rate = share of positive months / sample size.
SPY risk & extremes
SPY drawdown & rolling returns
Percent below the all-time high at each month-end — how far underwater the asset was.
Related stocks
Compare SPY
Frequently asked questions
What was SPDR S&P 500 ETF Trust's best month?+
SPDR S&P 500 ETF Trust's strongest completed month on record is April 2020, at +12.70%.
What was SPDR S&P 500 ETF Trust's worst month?+
Its weakest completed month on record is October 2008, at -16.52%.
Is SPDR S&P 500 ETF Trust up this year?+
SPDR S&P 500 ETF Trust is up 12.40% year to date, measured from its last close before 1 January.
What is SPDR S&P 500 ETF Trust's 1-year return?+
+18.53% over the past twelve months, comparing the latest close with the most recent close on or before the same date a year earlier.
What is SPDR S&P 500 ETF Trust's biggest drawdown?+
The deepest peak-to-trough fall on record is 55.2%, measured on month-end closes since 1993.
Which calendar month is historically best for SPDR S&P 500 ETF Trust?+
November has the highest average return across every completed November since 1993. An average is not a forecast.
About SPDR S&P 500 ETF Trust
SPDR S&P 500 ETF Trust is an us large cap business worth about $812 billion. Tracked here from its first session onward — every monthly, quarterly and weekly return on record since 1993, with no gaps filled in and nothing smoothed. And the long game: $100 at its first close here (1993) would be about $3,183 today.
Did you know?
- Its best month on record was April 2020 at +12.7%; its worst, October 2008 at -16.52%.
- It has closed November in the green 25 out of 33 times — past performance, future shrug.
Trivia for entertainment — the numbers come from our price data; the jokes don't.