S&P 500 in November
Since 1994, November has returned +2.6% on average (median +3.0%), and the S&P 500 has risen in 78% of Novembers — 1st of the 12 months by average. Total return, dividends reinvested, from SPY's month-end closes.
Every November since 1994 (total return)#
How November returns are spread#
32 Novembers since 1994, counted in 2% bins.
S&P 500 November returns by year#
| Year | Total return | Price return |
|---|---|---|
| 2025 | +0.2% | +0.2% |
| 2024 | +6.0% | +6.0% |
| 2023 | +9.1% | +9.1% |
| 2022 | +5.6% | +5.6% |
| 2021 | -0.8% | -0.8% |
| 2020 | +10.9% | +10.9% |
| 2019 | +3.6% | +3.6% |
| 2018 | +1.9% | +1.9% |
| 2017 | +3.1% | +3.1% |
| 2016 | +3.7% | +3.7% |
| 2015 | +0.4% | +0.4% |
| 2014 | +2.7% | +2.7% |
| 2013 | +3.0% | +3.0% |
| 2012 | +0.6% | +0.6% |
| 2011 | -0.4% | -0.4% |
| 2010 | +0.0% | +0.0% |
| 2009 | +6.2% | +6.2% |
| 2008 | -7.0% | -7.0% |
| 2007 | -3.9% | -3.9% |
| 2006 | +2.0% | +2.0% |
| 2005 | +4.4% | +4.4% |
| 2004 | +4.5% | +4.1% |
| 2003 | +1.1% | +1.1% |
| 2002 | +6.2% | +6.2% |
| 2001 | +7.8% | +7.8% |
| 2000 | -7.5% | -7.5% |
| 1999 | +1.7% | +1.7% |
| 1998 | +5.6% | +5.6% |
| 1997 | +3.9% | +3.9% |
| 1996 | +7.3% | +7.3% |
| 1995 | +4.4% | +4.4% |
| 1994 | -4.0% | -4.0% |
Methodology#
Each November is the return from the last close of the month before to the last close of November, from SPY's closes since 1994: total return over its dividend-adjusted closes, price return over its split-adjusted closes. The month in progress is as of the last close and moves with the tape during the session; it is shown beside the record and never averaged into it. Past performance does not predict future returns; not investment advice.
ChartRow is not affiliated with, sponsored by, or endorsed by S&P Dow Jones Indices LLC, S&P Global, Nasdaq, Inc., Robert Shiller, RSBB-I, LLC, or Yale University. "S&P 500®" and "Dow Jones®" are registered trademarks of S&P Dow Jones Indices LLC; "Nasdaq-100®" is a registered trademark of Nasdaq, Inc.; "CAPE®" is a registered trademark of RSBB-I, LLC. They are used here only to identify the indexes and series discussed. All index-related figures on this page are independently derived from public sources — SEC filings, the public Shiller S&P 500 monthly series, and our own computations — not from any index provider's data feed.
FAQ#
- Is November a good month for the S&P 500?
- Since 1994, November has returned +2.6% on average (total return, dividends reinvested) with a median of +3.0%, and the S&P 500 rose in 25 of 32 Novembers (78%). By average return it ranks 1st of the 12 months.
- What was the S&P 500's best and worst November?
- The best November since 1994 was 2020 (+10.9%), the worst 2000 (-7.5%).
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