Dow Jones Industrial Average (DJIA) seasonality heatmap
Returns across monthly, quarterly, and yearly periods. Cell color encodes signed magnitude; the scale auto-fits each table.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +1.7% | +0.2% | -5.4% | +7.1% | +2.8% | +2.5% | +0.3% | +1.3% | — | — | — | — |
| 2025 | +4.7% | -1.6% | -4.2% | -3.2% | +3.9% | +4.3% | +0.1% | +3.2% | +1.9% | +2.5% | +0.3% | +0.7% |
| 2024 | +1.2% | +2.2% | +2.1% | -5.0% | +2.3% | +1.1% | +4.4% | +1.8% | +1.8% | -1.3% | +7.5% | -5.3% |
| 2023 | +2.8% | -4.2% | +1.9% | +2.5% | -3.5% | +4.6% | +3.3% | -2.4% | -3.5% | -1.4% | +8.8% | +4.8% |
| 2022 | -3.3% | -3.5% | +2.3% | -4.9% | +0.0% | -6.7% | +6.7% | -4.1% | -8.8% | +14.0% | +5.7% | -4.2% |
| 2021 | -2.0% | +3.2% | +6.6% | +2.7% | +1.9% | -0.1% | +1.3% | +1.2% | -4.3% | +5.8% | -3.7% | +5.4% |
| 2020 | -1.0% | -10.1% | -13.7% | +11.1% | +4.3% | +1.7% | +2.4% | +7.6% | -2.3% | -4.6% | +11.8% | +3.3% |
| 2019 | +7.2% | +3.7% | +0.0% | +2.6% | -6.7% | +7.2% | +1.0% | -1.7% | +1.9% | +0.5% | +3.7% | +1.7% |
| 2018 | +5.8% | -4.3% | -3.7% | +0.2% | +1.0% | -0.6% | +4.7% | +2.2% | +1.9% | -5.1% | +1.7% | -8.7% |
| 2017 | +0.5% | +4.8% | -0.7% | +1.3% | +0.3% | +1.6% | +2.5% | +0.3% | +2.1% | +4.3% | +3.8% | +1.8% |
| 2016 | -5.5% | +0.3% | +7.1% | +0.5% | +0.1% | +0.8% | +2.8% | -0.2% | -0.5% | -0.9% | +5.4% | +3.3% |
| 2015 | -3.7% | +5.6% | -2.0% | +0.4% | +1.0% | -2.2% | +0.4% | -6.6% | -1.5% | +8.5% | +0.3% | -1.7% |
| 2014 | -5.3% | +4.0% | +0.8% | +0.7% | +0.8% | +0.7% | -1.6% | +3.2% | -0.3% | +2.0% | +2.5% | -0.0% |
| 2013 | +5.8% | +1.4% | +3.7% | +1.8% | +1.9% | -1.4% | +4.0% | -4.4% | +2.2% | +2.8% | +3.5% | +3.0% |
| 2012 | +3.4% | +2.5% | +2.0% | +0.0% | -6.2% | +3.9% | +1.0% | +0.6% | +2.6% | -2.5% | -0.5% | +0.6% |
| 2011 | +2.7% | +2.8% | +0.8% | +4.0% | -1.9% | -1.2% | -2.2% | -4.4% | -6.0% | +9.5% | +0.8% | +1.4% |
| 2010 | -3.5% | +2.6% | +5.1% | +1.4% | -7.9% | -3.6% | +7.1% | -4.3% | +7.7% | +3.1% | -1.0% | +5.2% |
| 2009 | -8.8% | -11.7% | +7.7% | +7.3% | +4.1% | -0.6% | +8.6% | +3.5% | +2.3% | +0.0% | +6.5% | +0.8% |
| 2008 | -4.6% | -3.0% | -0.0% | +4.5% | -1.4% | -10.2% | +0.2% | +1.5% | -6.0% | -14.1% | -5.3% | -0.6% |
| 2007 | +1.3% | -2.8% | +0.7% | +5.7% | +4.3% | -1.6% | -1.5% | +1.1% | +4.0% | +0.2% | -4.0% | -0.8% |
| 2006 | +1.4% | +1.2% | +1.1% | +2.3% | -1.7% | -0.2% | +0.3% | +1.7% | +2.6% | +3.4% | +1.2% | +2.0% |
| 2005 | -2.7% | +2.6% | -2.4% | -3.0% | +2.7% | -1.8% | +3.6% | -1.5% | +0.8% | -1.2% | +3.5% | -0.8% |
| 2004 | +0.3% | +0.9% | -2.1% | -1.3% | -0.4% | +2.4% | -2.8% | +0.3% | -0.9% | -0.5% | +4.0% | +3.4% |
| 2003 | -3.5% | -2.0% | +1.3% | +6.1% | +4.4% | +1.5% | +2.8% | +2.0% | -1.5% | +5.7% | -0.2% | +6.9% |
| 2002 | -1.0% | +1.9% | +2.9% | -4.4% | -0.2% | -6.9% | -5.5% | -0.8% | -12.4% | +10.6% | +5.9% | -6.2% |
| 2001 | +0.9% | -3.6% | -5.9% | +8.7% | +1.6% | -3.8% | +0.2% | -5.4% | -11.1% | +2.6% | +8.6% | +1.7% |
| 2000 | -4.8% | -7.4% | +7.8% | -1.7% | -2.0% | -0.7% | +0.7% | +6.6% | -5.0% | +3.0% | -5.1% | +3.6% |
| 1999 | +1.9% | -0.6% | +5.2% | +10.2% | -2.1% | +3.9% | -2.9% | +1.6% | -4.5% | +3.8% | +1.4% | +5.7% |
| 1998 | -0.0% | +8.1% | +3.0% | +3.0% | -1.8% | +0.6% | -0.8% | -15.1% | +4.0% | +9.6% | +6.1% | +0.7% |
| 1997 | +5.7% | +0.9% | -4.3% | +6.5% | +4.6% | +4.7% | +7.2% | -7.3% | +4.2% | -6.3% | +5.1% | +1.1% |
| 1996 | +5.4% | +1.7% | +1.9% | -0.3% | +1.3% | +0.2% | -2.2% | +1.6% | +4.7% | +2.5% | +8.2% | -1.1% |
| 1995 | +0.2% | +4.3% | +3.7% | +3.9% | +3.3% | +2.0% | +3.3% | -2.1% | +3.9% | -0.7% | +6.7% | +0.8% |
| 1994 | +6.0% | -3.7% | -5.1% | +1.3% | +2.1% | -3.5% | +3.8% | +4.0% | -1.8% | +1.7% | -4.3% | +2.5% |
| 1993 | +0.3% | +1.8% | +1.9% | -0.2% | +2.9% | -0.3% | +0.7% | +3.2% | -2.6% | +3.5% | +0.1% | +1.9% |
| 1992 | +1.7% | +1.4% | -1.0% | +3.8% | +1.1% | -2.3% | +2.3% | -4.0% | +0.4% | -1.4% | +2.4% | -0.1% |
| 1991 | +3.9% | +5.3% | +1.1% | -0.9% | +4.8% | -4.0% | +4.1% | +0.6% | -0.9% | +1.7% | -5.7% | +9.5% |
| 1990 | -5.9% | +1.4% | +3.0% | -1.9% | +8.3% | +0.1% | +0.9% | -10.0% | -6.2% | -0.4% | +4.8% | +2.9% |
| 1989 | +8.0% | -3.6% | +1.6% | +5.5% | +2.5% | -1.6% | +9.0% | +2.9% | -1.6% | -1.8% | +2.3% | +1.7% |
| 1988 | +1.0% | +5.8% | -4.0% | +2.2% | -0.1% | +5.4% | -0.6% | -4.6% | +4.0% | +1.7% | -1.6% | +2.6% |
| 1987 | +13.8% | +3.1% | +3.6% | -0.8% | +0.2% | +5.5% | +6.3% | +3.5% | -2.5% | -23.2% | -8.0% | +5.7% |
| 1986 | +1.6% | +8.8% | +6.4% | -1.9% | +5.2% | +0.9% | -6.2% | +6.9% | -6.9% | +6.2% | +1.9% | -1.0% |
| 1985 | — | -0.2% | -1.3% | -0.7% | +4.6% | +1.5% | +0.9% | -1.0% | -0.4% | +3.4% | +7.1% | +5.1% |
| Avg | +0.8% | +0.5% | +0.7% | +1.8% | +1.0% | +0.1% | +1.7% | -0.5% | -0.9% | +1.2% | +2.2% | +1.5% |
| Median | +1.0% | +1.4% | +1.2% | +1.4% | +1.2% | +0.2% | +1.0% | +0.6% | -0.5% | +1.7% | +2.4% | +1.7% |
| Last 5Y Avg | +1.4% | -1.4% | -0.7% | -0.7% | +1.1% | +1.2% | +3.0% | -0.0% | -2.6% | +3.9% | +3.7% | +0.3% |
| Std Dev (σ) | 4.5% | 4.3% | 4.3% | 3.9% | 3.3% | 3.5% | 3.4% | 4.6% | 4.4% | 6.3% | 4.5% | 3.5% |
| Consistency (μ/σ) | 0.18 | 0.11 | 0.16 | 0.47 | 0.31 | 0.03 | 0.49 | -0.10 | -0.21 | 0.18 | 0.49 | 0.42 |
| Win Rate (%) | 63% | 64% | 64% | 67% | 69% | 52% | 76% | 56% | 44% | 63% | 73% | 71% |
| Winning / Losing Months | ▲26▼15 | ▲27▼15 | ▲27▼15 | ▲28▼14 | ▲29▼13 | ▲22▼20 | ▲32▼10 | ▲23▼18 | ▲18▼23 | ▲26▼15 | ▲30▼11 | ▲29▼12 |
| Longest Win / Loss Streak | ▲7▼3 | ▲8▼3 | ▲6▼2 | ▲16▼3 | ▲9▼3 | ▲5▼7 | ▲12▼2 | ▲4▼2 | ▲4▼6 | ▲6▼2 | ▲8▼2 | ▲5▼2 |
| Best | +13.8%in January 1987 | +8.8%in February 1986 | +7.8%in March 2000 | +11.1%in April 2020 | +8.3%in May 1990 | +7.2%in June 2019 | +9.0%in July 1989 | +7.6%in August 2020 | +7.7%in September 2010 | +14.0%in October 2022 | +11.8%in November 2020 | +9.5%in December 1991 |
| Worst | -8.8%in January 2009 | -11.7%in February 2009 | -13.7%in March 2020 | -5.0%in April 2024 | -7.9%in May 2010 | -10.2%in June 2008 | -6.2%in July 1986 | -15.1%in August 1998 | -12.4%in September 2002 | -23.2%in October 1987 | -8.0%in November 1987 | -8.7%in December 2018 |
-23.2%+14.0%
2026
Jan+1.7%
Feb+0.2%
Mar-5.4%
Apr+7.1%
May+2.8%
Jun+2.5%
Jul+0.3%
Aug+1.3%
Sep—
Oct—
Nov—
Dec—
2025
Jan+4.7%
Feb-1.6%
Mar-4.2%
Apr-3.2%
May+3.9%
Jun+4.3%
Jul+0.1%
Aug+3.2%
Sep+1.9%
Oct+2.5%
Nov+0.3%
Dec+0.7%
2024
Jan+1.2%
Feb+2.2%
Mar+2.1%
Apr-5.0%
May+2.3%
Jun+1.1%
Jul+4.4%
Aug+1.8%
Sep+1.8%
Oct-1.3%
Nov+7.5%
Dec-5.3%
2023
Jan+2.8%
Feb-4.2%
Mar+1.9%
Apr+2.5%
May-3.5%
Jun+4.6%
Jul+3.3%
Aug-2.4%
Sep-3.5%
Oct-1.4%
Nov+8.8%
Dec+4.8%
2022
Jan-3.3%
Feb-3.5%
Mar+2.3%
Apr-4.9%
May+0.0%
Jun-6.7%
Jul+6.7%
Aug-4.1%
Sep-8.8%
Oct+14.0%
Nov+5.7%
Dec-4.2%
2021
Jan-2.0%
Feb+3.2%
Mar+6.6%
Apr+2.7%
May+1.9%
Jun-0.1%
Jul+1.3%
Aug+1.2%
Sep-4.3%
Oct+5.8%
Nov-3.7%
Dec+5.4%
2020
Jan-1.0%
Feb-10.1%
Mar-13.7%
Apr+11.1%
May+4.3%
Jun+1.7%
Jul+2.4%
Aug+7.6%
Sep-2.3%
Oct-4.6%
Nov+11.8%
Dec+3.3%
2019
Jan+7.2%
Feb+3.7%
Mar+0.0%
Apr+2.6%
May-6.7%
Jun+7.2%
Jul+1.0%
Aug-1.7%
Sep+1.9%
Oct+0.5%
Nov+3.7%
Dec+1.7%
2018
Jan+5.8%
Feb-4.3%
Mar-3.7%
Apr+0.2%
May+1.0%
Jun-0.6%
Jul+4.7%
Aug+2.2%
Sep+1.9%
Oct-5.1%
Nov+1.7%
Dec-8.7%
2017
Jan+0.5%
Feb+4.8%
Mar-0.7%
Apr+1.3%
May+0.3%
Jun+1.6%
Jul+2.5%
Aug+0.3%
Sep+2.1%
Oct+4.3%
Nov+3.8%
Dec+1.8%
2016
Jan-5.5%
Feb+0.3%
Mar+7.1%
Apr+0.5%
May+0.1%
Jun+0.8%
Jul+2.8%
Aug-0.2%
Sep-0.5%
Oct-0.9%
Nov+5.4%
Dec+3.3%
2015
Jan-3.7%
Feb+5.6%
Mar-2.0%
Apr+0.4%
May+1.0%
Jun-2.2%
Jul+0.4%
Aug-6.6%
Sep-1.5%
Oct+8.5%
Nov+0.3%
Dec-1.7%
2014
Jan-5.3%
Feb+4.0%
Mar+0.8%
Apr+0.7%
May+0.8%
Jun+0.7%
Jul-1.6%
Aug+3.2%
Sep-0.3%
Oct+2.0%
Nov+2.5%
Dec-0.0%
2013
Jan+5.8%
Feb+1.4%
Mar+3.7%
Apr+1.8%
May+1.9%
Jun-1.4%
Jul+4.0%
Aug-4.4%
Sep+2.2%
Oct+2.8%
Nov+3.5%
Dec+3.0%
2012
Jan+3.4%
Feb+2.5%
Mar+2.0%
Apr+0.0%
May-6.2%
Jun+3.9%
Jul+1.0%
Aug+0.6%
Sep+2.6%
Oct-2.5%
Nov-0.5%
Dec+0.6%
2011
Jan+2.7%
Feb+2.8%
Mar+0.8%
Apr+4.0%
May-1.9%
Jun-1.2%
Jul-2.2%
Aug-4.4%
Sep-6.0%
Oct+9.5%
Nov+0.8%
Dec+1.4%
2010
Jan-3.5%
Feb+2.6%
Mar+5.1%
Apr+1.4%
May-7.9%
Jun-3.6%
Jul+7.1%
Aug-4.3%
Sep+7.7%
Oct+3.1%
Nov-1.0%
Dec+5.2%
2009
Jan-8.8%
Feb-11.7%
Mar+7.7%
Apr+7.3%
May+4.1%
Jun-0.6%
Jul+8.6%
Aug+3.5%
Sep+2.3%
Oct+0.0%
Nov+6.5%
Dec+0.8%
2008
Jan-4.6%
Feb-3.0%
Mar-0.0%
Apr+4.5%
May-1.4%
Jun-10.2%
Jul+0.2%
Aug+1.5%
Sep-6.0%
Oct-14.1%
Nov-5.3%
Dec-0.6%
2007
Jan+1.3%
Feb-2.8%
Mar+0.7%
Apr+5.7%
May+4.3%
Jun-1.6%
Jul-1.5%
Aug+1.1%
Sep+4.0%
Oct+0.2%
Nov-4.0%
Dec-0.8%
2006
Jan+1.4%
Feb+1.2%
Mar+1.1%
Apr+2.3%
May-1.7%
Jun-0.2%
Jul+0.3%
Aug+1.7%
Sep+2.6%
Oct+3.4%
Nov+1.2%
Dec+2.0%
2005
Jan-2.7%
Feb+2.6%
Mar-2.4%
Apr-3.0%
May+2.7%
Jun-1.8%
Jul+3.6%
Aug-1.5%
Sep+0.8%
Oct-1.2%
Nov+3.5%
Dec-0.8%
2004
Jan+0.3%
Feb+0.9%
Mar-2.1%
Apr-1.3%
May-0.4%
Jun+2.4%
Jul-2.8%
Aug+0.3%
Sep-0.9%
Oct-0.5%
Nov+4.0%
Dec+3.4%
2003
Jan-3.5%
Feb-2.0%
Mar+1.3%
Apr+6.1%
May+4.4%
Jun+1.5%
Jul+2.8%
Aug+2.0%
Sep-1.5%
Oct+5.7%
Nov-0.2%
Dec+6.9%
2002
Jan-1.0%
Feb+1.9%
Mar+2.9%
Apr-4.4%
May-0.2%
Jun-6.9%
Jul-5.5%
Aug-0.8%
Sep-12.4%
Oct+10.6%
Nov+5.9%
Dec-6.2%
2001
Jan+0.9%
Feb-3.6%
Mar-5.9%
Apr+8.7%
May+1.6%
Jun-3.8%
Jul+0.2%
Aug-5.4%
Sep-11.1%
Oct+2.6%
Nov+8.6%
Dec+1.7%
2000
Jan-4.8%
Feb-7.4%
Mar+7.8%
Apr-1.7%
May-2.0%
Jun-0.7%
Jul+0.7%
Aug+6.6%
Sep-5.0%
Oct+3.0%
Nov-5.1%
Dec+3.6%
1999
Jan+1.9%
Feb-0.6%
Mar+5.2%
Apr+10.2%
May-2.1%
Jun+3.9%
Jul-2.9%
Aug+1.6%
Sep-4.5%
Oct+3.8%
Nov+1.4%
Dec+5.7%
1998
Jan-0.0%
Feb+8.1%
Mar+3.0%
Apr+3.0%
May-1.8%
Jun+0.6%
Jul-0.8%
Aug-15.1%
Sep+4.0%
Oct+9.6%
Nov+6.1%
Dec+0.7%
1997
Jan+5.7%
Feb+0.9%
Mar-4.3%
Apr+6.5%
May+4.6%
Jun+4.7%
Jul+7.2%
Aug-7.3%
Sep+4.2%
Oct-6.3%
Nov+5.1%
Dec+1.1%
1996
Jan+5.4%
Feb+1.7%
Mar+1.9%
Apr-0.3%
May+1.3%
Jun+0.2%
Jul-2.2%
Aug+1.6%
Sep+4.7%
Oct+2.5%
Nov+8.2%
Dec-1.1%
1995
Jan+0.2%
Feb+4.3%
Mar+3.7%
Apr+3.9%
May+3.3%
Jun+2.0%
Jul+3.3%
Aug-2.1%
Sep+3.9%
Oct-0.7%
Nov+6.7%
Dec+0.8%
1994
Jan+6.0%
Feb-3.7%
Mar-5.1%
Apr+1.3%
May+2.1%
Jun-3.5%
Jul+3.8%
Aug+4.0%
Sep-1.8%
Oct+1.7%
Nov-4.3%
Dec+2.5%
1993
Jan+0.3%
Feb+1.8%
Mar+1.9%
Apr-0.2%
May+2.9%
Jun-0.3%
Jul+0.7%
Aug+3.2%
Sep-2.6%
Oct+3.5%
Nov+0.1%
Dec+1.9%
1992
Jan+1.7%
Feb+1.4%
Mar-1.0%
Apr+3.8%
May+1.1%
Jun-2.3%
Jul+2.3%
Aug-4.0%
Sep+0.4%
Oct-1.4%
Nov+2.4%
Dec-0.1%
1991
Jan+3.9%
Feb+5.3%
Mar+1.1%
Apr-0.9%
May+4.8%
Jun-4.0%
Jul+4.1%
Aug+0.6%
Sep-0.9%
Oct+1.7%
Nov-5.7%
Dec+9.5%
1990
Jan-5.9%
Feb+1.4%
Mar+3.0%
Apr-1.9%
May+8.3%
Jun+0.1%
Jul+0.9%
Aug-10.0%
Sep-6.2%
Oct-0.4%
Nov+4.8%
Dec+2.9%
1989
Jan+8.0%
Feb-3.6%
Mar+1.6%
Apr+5.5%
May+2.5%
Jun-1.6%
Jul+9.0%
Aug+2.9%
Sep-1.6%
Oct-1.8%
Nov+2.3%
Dec+1.7%
1988
Jan+1.0%
Feb+5.8%
Mar-4.0%
Apr+2.2%
May-0.1%
Jun+5.4%
Jul-0.6%
Aug-4.6%
Sep+4.0%
Oct+1.7%
Nov-1.6%
Dec+2.6%
1987
Jan+13.8%
Feb+3.1%
Mar+3.6%
Apr-0.8%
May+0.2%
Jun+5.5%
Jul+6.3%
Aug+3.5%
Sep-2.5%
Oct-23.2%
Nov-8.0%
Dec+5.7%
1986
Jan+1.6%
Feb+8.8%
Mar+6.4%
Apr-1.9%
May+5.2%
Jun+0.9%
Jul-6.2%
Aug+6.9%
Sep-6.9%
Oct+6.2%
Nov+1.9%
Dec-1.0%
1985
Jan—
Feb-0.2%
Mar-1.3%
Apr-0.7%
May+4.6%
Jun+1.5%
Jul+0.9%
Aug-1.0%
Sep-0.4%
Oct+3.4%
Nov+7.1%
Dec+5.1%
Avg
Jan+0.8%
Feb+0.5%
Mar+0.7%
Apr+1.8%
May+1.0%
Jun+0.1%
Jul+1.7%
Aug-0.5%
Sep-0.9%
Oct+1.2%
Nov+2.2%
Dec+1.5%
Median
Jan+1.0%
Feb+1.4%
Mar+1.2%
Apr+1.4%
May+1.2%
Jun+0.2%
Jul+1.0%
Aug+0.6%
Sep-0.5%
Oct+1.7%
Nov+2.4%
Dec+1.7%
Last 5Y Avg
Jan+1.4%
Feb-1.4%
Mar-0.7%
Apr-0.7%
May+1.1%
Jun+1.2%
Jul+3.0%
Aug-0.0%
Sep-2.6%
Oct+3.9%
Nov+3.7%
Dec+0.3%
Std Dev (σ)
Jan4.5%
Feb4.3%
Mar4.3%
Apr3.9%
May3.3%
Jun3.5%
Jul3.4%
Aug4.6%
Sep4.4%
Oct6.3%
Nov4.5%
Dec3.5%
Consistency (μ/σ)
Jan0.18
Feb0.11
Mar0.16
Apr0.47
May0.31
Jun0.03
Jul0.49
Aug-0.10
Sep-0.21
Oct0.18
Nov0.49
Dec0.42
Win Rate (%)
Jan63%
Feb64%
Mar64%
Apr67%
May69%
Jun52%
Jul76%
Aug56%
Sep44%
Oct63%
Nov73%
Dec71%
Winning / Losing Months
Jan▲26▼15
Feb▲27▼15
Mar▲27▼15
Apr▲28▼14
May▲29▼13
Jun▲22▼20
Jul▲32▼10
Aug▲23▼18
Sep▲18▼23
Oct▲26▼15
Nov▲30▼11
Dec▲29▼12
Longest Win / Loss Streak
Jan▲7▼3
Feb▲8▼3
Mar▲6▼2
Apr▲16▼3
May▲9▼3
Jun▲5▼7
Jul▲12▼2
Aug▲4▼2
Sep▲4▼6
Oct▲6▼2
Nov▲8▼2
Dec▲5▼2
Best
Jan+13.8%1987
Feb+8.8%1986
Mar+7.8%2000
Apr+11.1%2020
May+8.3%1990
Jun+7.2%2019
Jul+9.0%1989
Aug+7.6%2020
Sep+7.7%2010
Oct+14.0%2022
Nov+11.8%2020
Dec+9.5%1991
Worst
Jan-8.8%2009
Feb-11.7%2009
Mar-13.7%2020
Apr-5.0%2024
May-7.9%2010
Jun-10.2%2008
Jul-6.2%1986
Aug-15.1%1998
Sep-12.4%2002
Oct-23.2%1987
Nov-8.0%1987
Dec-8.7%2018
-23.2%+14.0%