Euro Stoxx 50 (^STOXX50E) 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 | +2.6% | +3.2% | -9.3% | +5.6% | +2.9% | +4.3% | — | — | — | — | — | — |
| 2025 | +8.0% | +3.3% | -3.9% | -1.7% | +4.0% | -1.2% | +0.3% | +0.6% | +3.3% | +2.4% | +0.1% | +2.3% |
| 2024 | +2.8% | +4.9% | +4.2% | -3.2% | +1.3% | -1.8% | -0.4% | +1.7% | +0.9% | -3.5% | -0.5% | +1.9% |
| 2023 | +9.7% | +1.8% | +1.8% | +1.0% | -3.2% | +4.3% | +1.6% | -3.9% | -2.8% | -2.7% | +7.9% | +3.2% |
| 2022 | -3.1% | -6.0% | -0.6% | -2.6% | -0.4% | -8.8% | +7.3% | -5.1% | -5.7% | +9.0% | +9.6% | -4.3% |
| 2021 | -2.0% | +4.5% | +7.8% | +1.4% | +1.6% | +0.6% | +0.6% | +2.6% | -3.5% | +5.0% | -4.4% | +6.0% |
| 2020 | -2.9% | -8.6% | -16.3% | +5.1% | +4.2% | +6.0% | -1.8% | +3.1% | -2.4% | -7.4% | +18.1% | +1.7% |
| 2019 | +5.8% | +4.4% | +1.6% | +4.9% | -6.7% | +5.9% | -0.2% | -1.2% | +4.2% | +1.0% | +2.8% | +1.2% |
| 2018 | +3.0% | -4.7% | -2.3% | +5.2% | -3.7% | -0.3% | +3.8% | -3.8% | +0.2% | -5.9% | -0.8% | -5.9% |
| 2017 | -1.8% | +2.8% | +5.5% | +1.7% | -0.1% | -3.2% | +0.2% | -0.8% | +5.1% | +2.2% | -2.8% | -1.8% |
| 2016 | -7.4% | -3.3% | +2.0% | +0.8% | +1.2% | -6.5% | +4.4% | +1.1% | -0.7% | +1.8% | -0.1% | +7.8% |
| 2015 | +6.9% | +7.4% | +2.7% | -2.2% | -1.2% | -4.1% | +5.2% | -9.2% | -5.2% | +10.2% | +2.6% | -6.2% |
| 2014 | -2.8% | +4.5% | +0.4% | +1.2% | +1.4% | -0.5% | -3.5% | +1.8% | +1.7% | -3.5% | +4.4% | -3.5% |
| 2013 | +2.9% | -2.6% | -0.4% | +3.4% | +2.1% | -6.0% | +6.4% | -1.7% | +6.3% | +6.0% | +0.6% | +0.5% |
| 2012 | +4.3% | +3.9% | -1.4% | -6.9% | -8.1% | +6.9% | +2.7% | +4.9% | +0.6% | +2.0% | +2.9% | +2.0% |
| 2011 | +5.2% | +2.0% | -3.4% | +3.4% | -5.0% | -0.5% | -6.3% | -13.8% | -5.3% | +9.4% | -2.3% | -0.6% |
| 2010 | -6.4% | -1.7% | +7.4% | -3.9% | -7.3% | -1.4% | +6.6% | -4.3% | +4.8% | +3.5% | -6.8% | +5.9% |
| 2009 | -8.7% | -11.7% | +4.8% | +14.7% | +3.2% | -2.0% | +9.8% | +5.0% | +3.7% | -4.5% | +2.0% | +6.0% |
| 2008 | -13.8% | -1.8% | -2.6% | +5.4% | -1.2% | -11.3% | +0.4% | -0.1% | -9.7% | -14.7% | -6.2% | +0.9% |
| 2007 | +1.4% | -2.2% | +2.3% | +5.1% | +2.7% | -0.5% | -3.9% | -0.5% | +2.0% | +2.5% | -2.1% | +0.1% |
| 2006 | +3.1% | +2.3% | +2.1% | -0.4% | -5.3% | +0.3% | +1.2% | +3.2% | +2.4% | +2.7% | -0.4% | +3.3% |
| 2005 | +1.1% | +2.5% | -0.1% | -4.1% | +5.0% | +3.4% | +4.6% | -1.9% | +5.0% | -3.2% | +3.8% | +3.8% |
| 2004 | +2.8% | +1.9% | -3.7% | -0.0% | -1.4% | +2.2% | -3.2% | -1.8% | +2.1% | +3.1% | +2.3% | +2.6% |
| 2003 | -5.8% | -4.8% | -4.9% | +14.1% | +0.3% | +3.8% | +4.1% | +1.5% | -6.3% | +7.5% | +2.2% | +4.9% |
| 2002 | -3.6% | -1.2% | +4.4% | -5.5% | -4.2% | -8.5% | -14.3% | +0.9% | -18.6% | +14.3% | +5.5% | -10.2% |
| 2001 | +0.2% | -9.6% | -3.1% | +8.1% | -2.2% | -4.1% | -3.6% | -8.5% | -11.9% | +5.5% | +5.2% | +4.0% |
| 2000 | -4.5% | +10.6% | +1.3% | +1.0% | -1.9% | -1.1% | -0.4% | +1.0% | -5.0% | +2.9% | -5.5% | -0.2% |
| 1999 | +6.1% | -1.8% | +2.2% | +5.6% | -3.4% | +4.4% | -4.0% | +3.6% | -2.6% | +6.9% | +10.0% | +13.7% |
| 1998 | +5.7% | +7.5% | +9.6% | +1.3% | +5.1% | +1.5% | +2.2% | -14.4% | -10.3% | +8.1% | +10.1% | +5.1% |
| 1997 | +8.4% | +3.6% | +2.9% | +1.3% | +2.6% | +8.0% | +11.5% | -10.0% | +7.2% | -9.7% | +4.0% | +4.5% |
| 1996 | +6.9% | -1.0% | +1.0% | +3.7% | +0.2% | -0.5% | -4.5% | +0.7% | +5.8% | +0.4% | +6.9% | +1.8% |
| 1995 | -1.8% | +1.2% | -1.0% | +3.6% | +2.3% | -1.1% | +5.4% | -0.2% | -0.9% | -0.9% | +3.4% | +3.6% |
| 1994 | +1.6% | -4.2% | -2.2% | +4.5% | -4.8% | -5.5% | +6.9% | +1.7% | -6.8% | +1.9% | -0.3% | -0.2% |
| 1993 | +1.0% | +8.1% | +1.1% | -2.3% | -0.1% | +3.9% | +6.8% | +6.9% | -2.7% | +5.7% | -2.4% | +8.1% |
| 1992 | +4.6% | +3.5% | -2.0% | +2.3% | +1.9% | -4.4% | -6.4% | -3.8% | +1.8% | +1.2% | +3.3% | +2.1% |
| 1991 | +1.5% | +10.0% | +2.4% | +2.0% | +4.3% | -4.1% | -0.2% | +1.6% | -0.9% | -0.4% | -1.7% | +1.4% |
| 1990 | -2.6% | -2.0% | +6.3% | -2.5% | +2.7% | +0.3% | -0.3% | -13.8% | -12.1% | +5.2% | -1.9% | -1.6% |
| 1989 | +2.3% | -3.2% | +3.6% | +2.0% | +2.4% | +3.3% | +4.7% | +4.0% | -0.5% | -6.0% | +5.5% | +7.3% |
| 1988 | -1.9% | +11.5% | -1.0% | +1.3% | +0.1% | +6.9% | +2.6% | -2.4% | +6.2% | +3.6% | -1.1% | +4.0% |
| 1987 | -4.6% | -2.1% | +3.4% | +1.4% | -1.7% | +4.5% | +5.6% | -0.5% | -2.1% | -21.5% | -10.0% | -1.5% |
| 1986 | — | — | — | — | — | — | — | — | — | — | — | — |
| Avg | +0.6% | +0.8% | +0.6% | +1.9% | -0.3% | -0.3% | +1.3% | -1.4% | -1.4% | +1.0% | +1.6% | +1.9% |
| Median | +1.5% | +1.9% | +1.2% | +1.4% | +0.1% | -0.5% | +1.2% | -0.2% | -0.7% | +2.2% | +2.0% | +2.0% |
| Last 5Y Avg | +4.0% | +1.5% | -1.5% | -0.2% | +0.9% | -1.4% | +1.9% | -0.8% | -1.6% | +2.0% | +2.5% | +1.8% |
| Std Dev (σ) | 5.2% | 5.4% | 4.7% | 4.5% | 3.5% | 4.7% | 5.1% | 5.2% | 5.9% | 6.9% | 5.4% | 4.4% |
| Consistency (μ/σ) | 0.12 | 0.15 | 0.12 | 0.42 | -0.08 | -0.06 | 0.26 | -0.27 | -0.23 | 0.15 | 0.30 | 0.43 |
| Win Rate (%) | 60% | 55% | 57% | 70% | 53% | 44% | 62% | 46% | 46% | 67% | 56% | 72% |
| Winning / Losing Months | ▲24▼16 | ▲22▼18 | ▲23▼17 | ▲28▼12 | ▲21▼19 | ▲17▼22 | ▲24▼15 | ▲18▼21 | ▲18▼21 | ▲26▼13 | ▲22▼17 | ▲28▼11 |
| Longest Win / Loss Streak | ▲4▼3 | ▲4▼4 | ▲5▼3 | ▲8▼3 | ▲5▼4 | ▲4▼6 | ▲4▼4 | ▲2▼3 | ▲4▼6 | ▲7▼2 | ▲5▼3 | ▲8▼2 |
| Best | +9.7%in January 2023 | +11.5%in February 1988 | +9.6%in March 1998 | +14.7%in April 2009 | +5.1%in May 1998 | +8.0%in June 1997 | +11.5%in July 1997 | +6.9%in August 1993 | +7.2%in September 1997 | +14.3%in October 2002 | +18.1%in November 2020 | +13.7%in December 1999 |
| Worst | -13.8%in January 2008 | -11.7%in February 2009 | -16.3%in March 2020 | -6.9%in April 2012 | -8.1%in May 2012 | -11.3%in June 2008 | -14.3%in July 2002 | -14.4%in August 1998 | -18.6%in September 2002 | -21.5%in October 1987 | -10.0%in November 1987 | -10.2%in December 2002 |
−21.5%+18.1%
2026
Jan+2.6%
Feb+3.2%
Mar-9.3%
Apr+5.6%
May+2.9%
Jun+4.3%
Jul—
Aug—
Sep—
Oct—
Nov—
Dec—
2025
Jan+8.0%
Feb+3.3%
Mar-3.9%
Apr-1.7%
May+4.0%
Jun-1.2%
Jul+0.3%
Aug+0.6%
Sep+3.3%
Oct+2.4%
Nov+0.1%
Dec+2.3%
2024
Jan+2.8%
Feb+4.9%
Mar+4.2%
Apr-3.2%
May+1.3%
Jun-1.8%
Jul-0.4%
Aug+1.7%
Sep+0.9%
Oct-3.5%
Nov-0.5%
Dec+1.9%
2023
Jan+9.7%
Feb+1.8%
Mar+1.8%
Apr+1.0%
May-3.2%
Jun+4.3%
Jul+1.6%
Aug-3.9%
Sep-2.8%
Oct-2.7%
Nov+7.9%
Dec+3.2%
2022
Jan-3.1%
Feb-6.0%
Mar-0.6%
Apr-2.6%
May-0.4%
Jun-8.8%
Jul+7.3%
Aug-5.1%
Sep-5.7%
Oct+9.0%
Nov+9.6%
Dec-4.3%
2021
Jan-2.0%
Feb+4.5%
Mar+7.8%
Apr+1.4%
May+1.6%
Jun+0.6%
Jul+0.6%
Aug+2.6%
Sep-3.5%
Oct+5.0%
Nov-4.4%
Dec+6.0%
2020
Jan-2.9%
Feb-8.6%
Mar-16.3%
Apr+5.1%
May+4.2%
Jun+6.0%
Jul-1.8%
Aug+3.1%
Sep-2.4%
Oct-7.4%
Nov+18.1%
Dec+1.7%
2019
Jan+5.8%
Feb+4.4%
Mar+1.6%
Apr+4.9%
May-6.7%
Jun+5.9%
Jul-0.2%
Aug-1.2%
Sep+4.2%
Oct+1.0%
Nov+2.8%
Dec+1.2%
2018
Jan+3.0%
Feb-4.7%
Mar-2.3%
Apr+5.2%
May-3.7%
Jun-0.3%
Jul+3.8%
Aug-3.8%
Sep+0.2%
Oct-5.9%
Nov-0.8%
Dec-5.9%
2017
Jan-1.8%
Feb+2.8%
Mar+5.5%
Apr+1.7%
May-0.1%
Jun-3.2%
Jul+0.2%
Aug-0.8%
Sep+5.1%
Oct+2.2%
Nov-2.8%
Dec-1.8%
2016
Jan-7.4%
Feb-3.3%
Mar+2.0%
Apr+0.8%
May+1.2%
Jun-6.5%
Jul+4.4%
Aug+1.1%
Sep-0.7%
Oct+1.8%
Nov-0.1%
Dec+7.8%
2015
Jan+6.9%
Feb+7.4%
Mar+2.7%
Apr-2.2%
May-1.2%
Jun-4.1%
Jul+5.2%
Aug-9.2%
Sep-5.2%
Oct+10.2%
Nov+2.6%
Dec-6.2%
2014
Jan-2.8%
Feb+4.5%
Mar+0.4%
Apr+1.2%
May+1.4%
Jun-0.5%
Jul-3.5%
Aug+1.8%
Sep+1.7%
Oct-3.5%
Nov+4.4%
Dec-3.5%
2013
Jan+2.9%
Feb-2.6%
Mar-0.4%
Apr+3.4%
May+2.1%
Jun-6.0%
Jul+6.4%
Aug-1.7%
Sep+6.3%
Oct+6.0%
Nov+0.6%
Dec+0.5%
2012
Jan+4.3%
Feb+3.9%
Mar-1.4%
Apr-6.9%
May-8.1%
Jun+6.9%
Jul+2.7%
Aug+4.9%
Sep+0.6%
Oct+2.0%
Nov+2.9%
Dec+2.0%
2011
Jan+5.2%
Feb+2.0%
Mar-3.4%
Apr+3.4%
May-5.0%
Jun-0.5%
Jul-6.3%
Aug-13.8%
Sep-5.3%
Oct+9.4%
Nov-2.3%
Dec-0.6%
2010
Jan-6.4%
Feb-1.7%
Mar+7.4%
Apr-3.9%
May-7.3%
Jun-1.4%
Jul+6.6%
Aug-4.3%
Sep+4.8%
Oct+3.5%
Nov-6.8%
Dec+5.9%
2009
Jan-8.7%
Feb-11.7%
Mar+4.8%
Apr+14.7%
May+3.2%
Jun-2.0%
Jul+9.8%
Aug+5.0%
Sep+3.7%
Oct-4.5%
Nov+2.0%
Dec+6.0%
2008
Jan-13.8%
Feb-1.8%
Mar-2.6%
Apr+5.4%
May-1.2%
Jun-11.3%
Jul+0.4%
Aug-0.1%
Sep-9.7%
Oct-14.7%
Nov-6.2%
Dec+0.9%
2007
Jan+1.4%
Feb-2.2%
Mar+2.3%
Apr+5.1%
May+2.7%
Jun-0.5%
Jul-3.9%
Aug-0.5%
Sep+2.0%
Oct+2.5%
Nov-2.1%
Dec+0.1%
2006
Jan+3.1%
Feb+2.3%
Mar+2.1%
Apr-0.4%
May-5.3%
Jun+0.3%
Jul+1.2%
Aug+3.2%
Sep+2.4%
Oct+2.7%
Nov-0.4%
Dec+3.3%
2005
Jan+1.1%
Feb+2.5%
Mar-0.1%
Apr-4.1%
May+5.0%
Jun+3.4%
Jul+4.6%
Aug-1.9%
Sep+5.0%
Oct-3.2%
Nov+3.8%
Dec+3.8%
2004
Jan+2.8%
Feb+1.9%
Mar-3.7%
Apr-0.0%
May-1.4%
Jun+2.2%
Jul-3.2%
Aug-1.8%
Sep+2.1%
Oct+3.1%
Nov+2.3%
Dec+2.6%
2003
Jan-5.8%
Feb-4.8%
Mar-4.9%
Apr+14.1%
May+0.3%
Jun+3.8%
Jul+4.1%
Aug+1.5%
Sep-6.3%
Oct+7.5%
Nov+2.2%
Dec+4.9%
2002
Jan-3.6%
Feb-1.2%
Mar+4.4%
Apr-5.5%
May-4.2%
Jun-8.5%
Jul-14.3%
Aug+0.9%
Sep-18.6%
Oct+14.3%
Nov+5.5%
Dec-10.2%
2001
Jan+0.2%
Feb-9.6%
Mar-3.1%
Apr+8.1%
May-2.2%
Jun-4.1%
Jul-3.6%
Aug-8.5%
Sep-11.9%
Oct+5.5%
Nov+5.2%
Dec+4.0%
2000
Jan-4.5%
Feb+10.6%
Mar+1.3%
Apr+1.0%
May-1.9%
Jun-1.1%
Jul-0.4%
Aug+1.0%
Sep-5.0%
Oct+2.9%
Nov-5.5%
Dec-0.2%
1999
Jan+6.1%
Feb-1.8%
Mar+2.2%
Apr+5.6%
May-3.4%
Jun+4.4%
Jul-4.0%
Aug+3.6%
Sep-2.6%
Oct+6.9%
Nov+10.0%
Dec+13.7%
1998
Jan+5.7%
Feb+7.5%
Mar+9.6%
Apr+1.3%
May+5.1%
Jun+1.5%
Jul+2.2%
Aug-14.4%
Sep-10.3%
Oct+8.1%
Nov+10.1%
Dec+5.1%
1997
Jan+8.4%
Feb+3.6%
Mar+2.9%
Apr+1.3%
May+2.6%
Jun+8.0%
Jul+11.5%
Aug-10.0%
Sep+7.2%
Oct-9.7%
Nov+4.0%
Dec+4.5%
1996
Jan+6.9%
Feb-1.0%
Mar+1.0%
Apr+3.7%
May+0.2%
Jun-0.5%
Jul-4.5%
Aug+0.7%
Sep+5.8%
Oct+0.4%
Nov+6.9%
Dec+1.8%
1995
Jan-1.8%
Feb+1.2%
Mar-1.0%
Apr+3.6%
May+2.3%
Jun-1.1%
Jul+5.4%
Aug-0.2%
Sep-0.9%
Oct-0.9%
Nov+3.4%
Dec+3.6%
1994
Jan+1.6%
Feb-4.2%
Mar-2.2%
Apr+4.5%
May-4.8%
Jun-5.5%
Jul+6.9%
Aug+1.7%
Sep-6.8%
Oct+1.9%
Nov-0.3%
Dec-0.2%
1993
Jan+1.0%
Feb+8.1%
Mar+1.1%
Apr-2.3%
May-0.1%
Jun+3.9%
Jul+6.8%
Aug+6.9%
Sep-2.7%
Oct+5.7%
Nov-2.4%
Dec+8.1%
1992
Jan+4.6%
Feb+3.5%
Mar-2.0%
Apr+2.3%
May+1.9%
Jun-4.4%
Jul-6.4%
Aug-3.8%
Sep+1.8%
Oct+1.2%
Nov+3.3%
Dec+2.1%
1991
Jan+1.5%
Feb+10.0%
Mar+2.4%
Apr+2.0%
May+4.3%
Jun-4.1%
Jul-0.2%
Aug+1.6%
Sep-0.9%
Oct-0.4%
Nov-1.7%
Dec+1.4%
1990
Jan-2.6%
Feb-2.0%
Mar+6.3%
Apr-2.5%
May+2.7%
Jun+0.3%
Jul-0.3%
Aug-13.8%
Sep-12.1%
Oct+5.2%
Nov-1.9%
Dec-1.6%
1989
Jan+2.3%
Feb-3.2%
Mar+3.6%
Apr+2.0%
May+2.4%
Jun+3.3%
Jul+4.7%
Aug+4.0%
Sep-0.5%
Oct-6.0%
Nov+5.5%
Dec+7.3%
1988
Jan-1.9%
Feb+11.5%
Mar-1.0%
Apr+1.3%
May+0.1%
Jun+6.9%
Jul+2.6%
Aug-2.4%
Sep+6.2%
Oct+3.6%
Nov-1.1%
Dec+4.0%
1987
Jan-4.6%
Feb-2.1%
Mar+3.4%
Apr+1.4%
May-1.7%
Jun+4.5%
Jul+5.6%
Aug-0.5%
Sep-2.1%
Oct-21.5%
Nov-10.0%
Dec-1.5%
1986
Jan—
Feb—
Mar—
Apr—
May—
Jun—
Jul—
Aug—
Sep—
Oct—
Nov—
Dec—
Avg
Jan+0.6%
Feb+0.8%
Mar+0.6%
Apr+1.9%
May-0.3%
Jun-0.3%
Jul+1.3%
Aug-1.4%
Sep-1.4%
Oct+1.0%
Nov+1.6%
Dec+1.9%
Median
Jan+1.5%
Feb+1.9%
Mar+1.2%
Apr+1.4%
May+0.1%
Jun-0.5%
Jul+1.2%
Aug-0.2%
Sep-0.7%
Oct+2.2%
Nov+2.0%
Dec+2.0%
Last 5Y Avg
Jan+4.0%
Feb+1.5%
Mar-1.5%
Apr-0.2%
May+0.9%
Jun-1.4%
Jul+1.9%
Aug-0.8%
Sep-1.6%
Oct+2.0%
Nov+2.5%
Dec+1.8%
Std Dev (σ)
Jan5.2%
Feb5.4%
Mar4.7%
Apr4.5%
May3.5%
Jun4.7%
Jul5.1%
Aug5.2%
Sep5.9%
Oct6.9%
Nov5.4%
Dec4.4%
Consistency (μ/σ)
Jan0.12
Feb0.15
Mar0.12
Apr0.42
May-0.08
Jun-0.06
Jul0.26
Aug-0.27
Sep-0.23
Oct0.15
Nov0.30
Dec0.43
Win Rate (%)
Jan60%
Feb55%
Mar57%
Apr70%
May53%
Jun44%
Jul62%
Aug46%
Sep46%
Oct67%
Nov56%
Dec72%
Winning / Losing Months
Jan▲24▼16
Feb▲22▼18
Mar▲23▼17
Apr▲28▼12
May▲21▼19
Jun▲17▼22
Jul▲24▼15
Aug▲18▼21
Sep▲18▼21
Oct▲26▼13
Nov▲22▼17
Dec▲28▼11
Longest Win / Loss Streak
Jan▲4▼3
Feb▲4▼4
Mar▲5▼3
Apr▲8▼3
May▲5▼4
Jun▲4▼6
Jul▲4▼4
Aug▲2▼3
Sep▲4▼6
Oct▲7▼2
Nov▲5▼3
Dec▲8▼2
Best
Jan+9.7%2023
Feb+11.5%1988
Mar+9.6%1998
Apr+14.7%2009
May+5.1%1998
Jun+8.0%1997
Jul+11.5%1997
Aug+6.9%1993
Sep+7.2%1997
Oct+14.3%2002
Nov+18.1%2020
Dec+13.7%1999
Worst
Jan-13.8%2008
Feb-11.7%2009
Mar-16.3%2020
Apr-6.9%2012
May-8.1%2012
Jun-11.3%2008
Jul-14.3%2002
Aug-14.4%1998
Sep-18.6%2002
Oct-21.5%1987
Nov-10.0%1987
Dec-10.2%2002
−21.5%+18.1%
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