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Seasonality for Nikkei 225 (^N225)

Nikkei 225 (^N225) monthly and quarterly historical returns — seasonality heatmap and win-rate analysis.

Nikkei 225 (^N225) seasonality heatmap

Returns across monthly, quarterly, and yearly periods. Cell color encodes signed magnitude; the scale auto-fits each table.

2026

Jan+5.9%
Feb+10.4%
Mar-13.2%
Apr+16.1%
May+11.9%
Jun+7.4%
Jul
Aug
Sep
Oct
Nov
Dec

2025

Jan-0.8%
Feb-6.1%
Mar-4.1%
Apr+1.2%
May+5.3%
Jun+6.6%
Jul+1.4%
Aug+4.0%
Sep+5.2%
Oct+16.6%
Nov-4.1%
Dec+0.2%

2024

Jan+8.4%
Feb+7.9%
Mar+3.1%
Apr-4.9%
May+0.2%
Jun+2.8%
Jul-1.2%
Aug-1.2%
Sep-1.9%
Oct+3.1%
Nov-2.2%
Dec+4.4%

2023

Jan+4.7%
Feb+0.4%
Mar+2.2%
Apr+2.9%
May+7.0%
Jun+7.5%
Jul-0.1%
Aug-1.7%
Sep-2.3%
Oct-3.1%
Nov+8.5%
Dec-0.1%

2022

Jan-6.2%
Feb-1.8%
Mar+4.9%
Apr-3.5%
May+1.6%
Jun-3.3%
Jul+5.3%
Aug+1.0%
Sep-7.7%
Oct+6.4%
Nov+1.4%
Dec-6.7%

2021

Jan+0.8%
Feb+4.7%
Mar+0.7%
Apr-1.3%
May+0.2%
Jun-0.2%
Jul-5.2%
Aug+3.0%
Sep+4.9%
Oct-1.9%
Nov-3.7%
Dec+3.5%

2020

Jan-1.9%
Feb-8.9%
Mar-10.5%
Apr+6.7%
May+8.3%
Jun+1.9%
Jul-2.6%
Aug+6.6%
Sep+0.2%
Oct-0.9%
Nov+15.0%
Dec+3.8%

2019

Jan+3.8%
Feb+2.9%
Mar-0.8%
Apr+5.0%
May-7.4%
Jun+3.3%
Jul+1.2%
Aug-3.8%
Sep+5.1%
Oct+5.4%
Nov+1.6%
Dec+1.6%

2018

Jan+1.5%
Feb-4.5%
Mar-2.8%
Apr+4.7%
May-1.2%
Jun+0.5%
Jul+1.1%
Aug+1.4%
Sep+5.5%
Oct-9.1%
Nov+2.0%
Dec-10.5%

2017

Jan-0.4%
Feb+0.4%
Mar-1.1%
Apr+1.5%
May+2.4%
Jun+1.9%
Jul-0.5%
Aug-1.4%
Sep+3.6%
Oct+8.1%
Nov+3.2%
Dec+0.2%

2016

Jan-8.0%
Feb-8.5%
Mar+4.6%
Apr-0.6%
May+3.4%
Jun-9.6%
Jul+6.4%
Aug+1.9%
Sep-2.6%
Oct+5.9%
Nov+5.1%
Dec+4.4%

2015

Jan+1.3%
Feb+6.4%
Mar+2.2%
Apr+1.6%
May+5.3%
Jun-1.6%
Jul+1.7%
Aug-8.2%
Sep-8.0%
Oct+9.7%
Nov+3.5%
Dec-3.6%

2014

Jan-8.5%
Feb-0.5%
Mar-0.1%
Apr-3.5%
May+2.3%
Jun+3.6%
Jul+3.0%
Aug-1.3%
Sep+4.9%
Oct+1.5%
Nov+6.4%
Dec-0.1%

2013

Jan+7.2%
Feb+3.8%
Mar+7.3%
Apr+11.8%
May-0.6%
Jun-0.7%
Jul-0.1%
Aug-2.0%
Sep+8.0%
Oct-0.9%
Nov+9.3%
Dec+4.0%

2012

Jan+4.1%
Feb+10.5%
Mar+3.7%
Apr-5.6%
May-10.3%
Jun+5.4%
Jul-3.5%
Aug+1.7%
Sep+0.3%
Oct+0.7%
Nov+5.8%
Dec+10.0%

2011

Jan+0.1%
Feb+3.8%
Mar-8.2%
Apr+1.0%
May-1.6%
Jun+1.3%
Jul+0.2%
Aug-8.9%
Sep-2.8%
Oct+3.3%
Nov-6.2%
Dec+0.2%

2010

Jan-3.3%
Feb-0.7%
Mar+9.5%
Apr-0.3%
May-11.7%
Jun-4.0%
Jul+1.6%
Aug-7.5%
Sep+6.2%
Oct-1.8%
Nov+8.0%
Dec+2.9%

2009

Jan-9.8%
Feb-5.3%
Mar+7.1%
Apr+8.9%
May+7.9%
Jun+4.6%
Jul+4.0%
Aug+1.3%
Sep-3.4%
Oct-1.0%
Nov-6.9%
Dec+12.8%

2008

Jan-11.2%
Feb+0.1%
Mar-7.9%
Apr+10.6%
May+3.5%
Jun-6.0%
Jul-0.8%
Aug-2.3%
Sep-13.9%
Oct-23.8%
Nov-0.8%
Dec+4.1%

2007

Jan+0.9%
Feb+1.3%
Mar-1.8%
Apr+0.7%
May+2.7%
Jun+1.5%
Jul-4.9%
Aug-3.9%
Sep+1.3%
Oct-0.3%
Nov-6.3%
Dec-2.4%

2006

Jan+3.3%
Feb-2.7%
Mar+5.3%
Apr-0.9%
May-8.5%
Jun+0.2%
Jul-0.3%
Aug+4.4%
Sep-0.1%
Oct+1.7%
Nov-0.8%
Dec+5.8%

2005

Jan-0.9%
Feb+3.1%
Mar-0.6%
Apr-5.7%
May+2.4%
Jun+2.7%
Jul+2.7%
Aug+4.3%
Sep+9.4%
Oct+0.2%
Nov+9.3%
Dec+8.3%

2004

Jan+1.0%
Feb+2.4%
Mar+6.1%
Apr+0.4%
May-4.5%
Jun+5.5%
Jul-4.5%
Aug-2.2%
Sep-2.3%
Oct-0.5%
Nov+1.2%
Dec+5.4%

2003

Jan-2.8%
Feb+0.3%
Mar-2.4%
Apr-4.3%
May+8.2%
Jun+9.9%
Jul+3.6%
Aug+7.6%
Sep+0.2%
Oct+1.9%
Nov-4.3%
Dec+5.7%

2002

Jan-5.2%
Feb+5.9%
Mar+4.3%
Apr+4.1%
May+2.8%
Jun-11.0%
Jul-6.2%
Aug-2.1%
Sep-2.8%
Oct-8.0%
Nov+6.7%
Dec-6.9%

2001

Jan+0.4%
Feb-6.9%
Mar+0.9%
Apr+9.3%
May-5.0%
Jun-3.9%
Jul-8.5%
Aug-9.7%
Sep-8.8%
Oct+6.1%
Nov+3.2%
Dec-1.4%

2000

Jan+3.2%
Feb+2.2%
Mar+1.9%
Apr-11.6%
May-9.1%
Jun+6.6%
Jul-9.7%
Aug+7.2%
Sep-6.6%
Oct-7.7%
Nov+0.7%
Dec-5.9%

1999

Jan+4.7%
Feb-0.9%
Mar+10.2%
Apr+5.5%
May-3.5%
Jun+8.8%
Jul+1.9%
Aug-2.4%
Sep+1.0%
Oct+1.9%
Nov+3.4%
Dec+2.0%

1998

Jan+9.0%
Feb+1.2%
Mar-1.8%
Apr-5.4%
May+0.2%
Jun+1.0%
Jul+3.5%
Aug-13.9%
Sep-5.0%
Oct+1.2%
Nov+9.7%
Dec-7.0%

1997

Jan-5.0%
Feb+1.2%
Mar-3.0%
Apr+6.4%
May+4.8%
Jun+2.7%
Jul-1.3%
Aug-10.3%
Sep-1.9%
Oct-8.0%
Nov+1.1%
Dec-8.3%

1996

Jan+4.8%
Feb-3.3%
Mar+6.4%
Apr+3.0%
May-0.4%
Jun+2.6%
Jul-8.2%
Aug-2.5%
Sep+6.9%
Oct-5.1%
Nov+2.7%
Dec-8.2%

1995

Jan-5.4%
Feb-8.6%
Mar-5.4%
Apr+4.1%
May-8.2%
Jun-6.0%
Jul+14.9%
Aug+8.6%
Sep-1.1%
Oct-1.4%
Nov+6.2%
Dec+6.0%

1994

Jan+16.1%
Feb-1.1%
Mar-4.4%
Apr+3.2%
May+6.3%
Jun-1.6%
Jul-0.9%
Aug+0.9%
Sep-5.2%
Oct+2.2%
Nov-4.6%
Dec+3.4%

1993

Jan+0.6%
Feb-0.4%
Mar+9.7%
Apr+12.5%
May-1.8%
Jun-4.7%
Jul+4.0%
Aug+3.2%
Sep-4.4%
Oct-2.0%
Nov-16.7%
Dec+6.2%

1992

Jan-4.2%
Feb-3.1%
Mar-9.3%
Apr-10.1%
May+5.5%
Jun-13.1%
Jul-0.3%
Aug+13.5%
Sep-3.7%
Oct-3.6%
Nov+5.5%
Dec-4.3%

1991

Jan-2.3%
Feb+13.4%
Mar-0.4%
Apr-0.7%
May-1.2%
Jun-9.7%
Jul+3.6%
Aug-7.4%
Sep+7.1%
Oct+5.5%
Nov-10.1%
Dec+1.3%

1990

Jan-4.4%
Feb-7.0%
Mar-13.3%
Apr-1.3%
May+12.0%
Jun-3.6%
Jul-2.8%
Aug-16.3%
Sep-19.2%
Oct+20.1%
Nov-10.9%
Dec+6.2%

1989

Jan+4.7%
Feb+1.3%
Mar+2.7%
Apr+2.7%
May+1.6%
Jun-3.8%
Jul+6.1%
Aug-1.5%
Sep+3.5%
Oct-0.2%
Nov+4.8%
Dec+4.4%

1988

Jan+9.5%
Feb+6.9%
Mar+4.0%
Apr+4.5%
May-0.1%
Jun+1.3%
Jul+0.5%
Aug-2.0%
Sep+2.0%
Oct+0.2%
Nov+5.7%
Dec+2.0%

1987

Jan+6.5%
Feb+1.9%
Mar+5.6%
Apr+7.9%
May+6.4%
Jun-2.4%
Jul+1.3%
Aug+6.3%
Sep-0.1%
Oct-12.5%
Nov-0.3%
Dec-4.9%

1986

Jan-0.5%
Feb+4.7%
Mar+16.3%
Apr-0.2%
May+5.8%
Jun+5.5%
Jul-0.8%
Aug+7.5%
Sep-5.1%
Oct-5.3%
Nov+6.9%
Dec+4.1%

1985

Jan+3.9%
Feb+2.7%
Mar+2.2%
Apr-1.3%
May+2.7%
Jun+1.0%
Jul-4.8%
Aug+3.7%
Sep-0.1%
Oct+1.9%
Nov-1.4%
Dec+2.5%

1984

Jan+3.1%
Feb-1.6%
Mar+9.0%
Apr+0.5%
May-9.5%
Jun+4.4%
Jul-3.7%
Aug+5.9%
Sep+0.6%
Oct+5.7%
Nov+1.6%
Dec+1.0%

1983

Jan+1.1%
Feb-0.2%
Mar+4.9%
Apr+1.9%
May-0.2%
Jun+2.9%
Jul+2.3%
Aug+1.2%
Sep+2.3%
Oct-0.5%
Nov-0.4%
Dec+6.2%

1982

Jan+3.1%
Feb-4.7%
Mar-3.8%
Apr+1.8%
May-0.9%
Jun-1.5%
Jul-1.3%
Aug+0.0%
Sep-3.0%
Oct+5.0%
Nov+8.8%
Dec+1.5%

1981

Jan+2.7%
Feb-1.5%
Mar+2.6%
Apr+4.6%
May-1.8%
Jun+4.3%
Jul-0.5%
Aug-0.2%
Sep-4.6%
Oct-0.1%
Nov+1.3%
Dec+1.8%

1980

Jan+3.0%
Feb-0.0%
Mar-3.1%
Apr+4.7%
May-0.1%
Jun+0.2%
Jul-0.7%
Aug+1.4%
Sep+2.3%
Oct+1.0%
Nov-0.4%
Dec-0.8%

1979

Jan+3.5%
Feb-2.3%
Mar+1.0%
Apr+1.5%
May+0.5%
Jun-0.1%
Jul+1.1%
Aug+1.9%
Sep+2.1%
Oct-1.9%
Nov+0.1%
Dec+1.8%

1978

Jan+5.1%
Feb+2.2%
Mar+4.3%
Apr+1.6%
May-1.2%
Jun+1.3%
Jul+1.0%
Aug-0.3%
Sep+3.3%
Oct+2.3%
Nov+1.1%
Dec+0.6%

1977

Jan-0.6%
Feb+2.4%
Mar-0.8%
Apr+1.2%
May-1.4%
Jun-1.0%
Jul-1.6%
Aug+7.1%
Sep+0.4%
Oct-3.5%
Nov-2.8%
Dec-1.5%

1976

Jan+7.3%
Feb-0.6%
Mar-0.7%
Apr+1.3%
May+0.1%
Jun+4.1%
Jul-4.3%
Aug+2.1%
Sep+1.9%
Oct-3.8%
Nov-3.0%
Dec+10.7%

1975

Jan+3.1%
Feb+8.0%
Mar+5.0%
Apr-0.0%
May-1.7%
Jun+2.8%
Jul-4.4%
Aug-6.3%
Sep-4.3%
Oct+12.0%
Nov-0.5%
Dec+0.3%

1974

Jan+3.3%
Feb+0.8%
Mar-0.5%
Apr+3.5%
May+3.3%
Jun-3.6%
Jul-2.4%
Aug-9.4%
Sep-2.9%
Oct-9.0%
Nov+9.3%
Dec-2.3%

1973

Jan-0.8%
Feb-0.9%
Mar+2.2%
Apr-12.7%
May-0.3%
Jun+2.6%
Jul+7.8%
Aug-3.2%
Sep-5.4%
Oct+1.8%
Nov-5.1%
Dec-3.5%

1972

Jan+5.3%
Feb+5.8%
Mar+5.5%
Apr+4.8%
May+8.9%
Jun+2.0%
Jul+6.1%
Aug+3.3%
Sep+6.2%
Oct+5.0%
Nov+7.3%
Dec+7.0%

1971

Jan+5.7%
Feb+6.3%
Mar+7.7%
Apr+2.7%
May-0.5%
Jun+7.4%
Jul+0.9%
Aug-13.7%
Sep+5.7%
Oct-6.2%
Nov+7.2%
Dec+11.1%

1970

Jan-2.2%
Feb+3.7%
Mar+6.0%
Apr-16.2%
May-4.2%
Jun+5.5%
Jul+1.0%
Aug-1.2%
Sep-3.1%
Oct+2.4%
Nov-5.9%
Dec-0.2%

1969

Jan+7.7%
Feb-3.9%
Mar+4.7%
Apr+3.5%
May+4.5%
Jun-0.3%
Jul-6.0%
Aug+3.1%
Sep+4.8%
Oct+5.7%
Nov+3.3%
Dec+6.7%

1968

Jan+2.2%
Feb+2.9%
Mar+0.8%
Apr+7.0%
May+0.4%
Jun+4.7%
Jul+4.7%
Aug+5.5%
Sep+8.7%
Oct-5.1%
Nov-1.6%
Dec-1.0%

1967

Jan+0.8%
Feb+2.2%
Mar-2.6%
Apr-1.3%
May+4.8%
Jun-0.8%
Jul-1.2%
Aug-9.1%
Sep-1.4%
Oct+3.9%
Nov-7.2%
Dec+0.5%

1966

Jan+3.7%
Feb+2.5%
Mar+5.1%
Apr-1.9%
May-2.5%
Jun-1.3%
Jul+0.3%
Aug-2.4%
Sep+0.2%
Oct-1.7%
Nov-3.5%
Dec+4.5%

1965

Jan+2.1%
Feb-2.4%
Mar-6.6%
Apr+3.9%
May-6.8%
Jun-3.3%
Jul+3.5%
Aug+14.4%
Sep-2.5%
Oct+2.2%
Nov+9.8%
Dec+3.3%

1964

Jan+7.6%
Feb-5.0%
Mar-3.0%
Apr+0.8%
May+6.4%
Jun+3.6%
Jul-3.7%
Aug-2.5%
Sep-4.6%
Oct-0.6%
Nov-0.0%
Dec+0.6%

1963

Jan+2.7%
Feb+2.9%
Mar+6.6%
Apr-0.4%
May-2.4%
Jun-0.1%
Jul-10.7%
Aug-2.6%
Sep-3.6%
Oct+4.4%
Nov-5.8%
Dec-3.6%

1962

Jan+5.5%
Feb-0.5%
Mar-4.4%
Apr-4.0%
May-0.8%
Jun+5.5%
Jul-2.2%
Aug+0.5%
Sep-7.8%
Oct-3.6%
Nov+14.5%
Dec-1.5%

1961

Jan+10.1%
Feb+2.1%
Mar+4.1%
Apr+3.7%
May+2.1%
Jun+3.4%
Jul+0.5%
Aug-8.2%
Sep-4.8%
Oct-12.8%
Nov-0.3%
Dec+8.1%

1960

Jan+8.9%
Feb+6.5%
Mar+4.4%
Apr+3.1%
May-9.5%
Jun+10.2%
Jul+0.3%
Aug+7.5%
Sep+4.3%
Oct+1.9%
Nov+3.0%
Dec+5.4%

1959

Jan+3.8%
Feb+3.9%
Mar+6.8%
Apr-2.5%
May+6.8%
Jun+1.7%
Jul+5.5%
Aug+3.1%
Sep+2.4%
Oct+5.8%
Nov+2.3%
Dec-10.4%

1958

Jan+10.9%
Feb+1.0%
Mar+0.3%
Apr+5.0%
May+0.6%
Jun+4.4%
Jul-2.2%
Aug+3.3%
Sep-0.7%
Oct+3.7%
Nov+2.7%
Dec+6.5%

1957

Jan+3.4%
Feb+0.7%
Mar+1.8%
Apr+1.4%
May-11.7%
Jun+0.4%
Jul-7.0%
Aug+8.9%
Sep-0.0%
Oct-3.5%
Nov-4.1%
Dec-3.7%

1956

Jan-0.5%
Feb+3.8%
Mar+3.5%
Apr+4.1%
May+3.2%
Jun+2.9%
Jul-0.5%
Aug-1.3%
Sep-0.2%
Oct+3.2%
Nov+9.5%
Dec-1.3%

1955

Jan+3.8%
Feb-0.7%
Mar-4.2%
Apr-1.5%
May+1.1%
Jun+0.7%
Jul+3.8%
Aug+5.9%
Sep+0.3%
Oct+5.3%
Nov-3.9%
Dec+8.2%

1954

Jan-6.0%
Feb-0.6%
Mar-8.6%
Apr+7.0%
May-5.7%
Jun+6.8%
Jul-5.4%
Aug+4.8%
Sep+1.8%
Oct-6.3%
Nov-0.7%
Dec+8.9%

1953

Jan+24.2%
Feb-11.5%
Mar-23.3%
Apr+10.5%
May-1.7%
Jun+3.8%
Jul+11.5%
Aug+6.0%
Sep+10.1%
Oct-5.1%
Nov-1.1%
Dec-10.7%

1952

Jan+13.8%
Feb-4.0%
Mar-3.2%
Apr+15.5%
May+9.8%
Jun+10.6%
Jul+2.9%
Aug+0.3%
Sep+5.9%
Oct+16.5%
Nov+12.2%
Dec+3.5%

1951

Jan+13.3%
Feb+5.6%
Mar+1.2%
Apr-2.0%
May+5.3%
Jun+2.8%
Jul+3.9%
Aug+6.9%
Sep+5.3%
Oct+7.9%
Nov-4.7%
Dec+5.5%

1950

Jan-15.8%
Feb+16.1%
Mar-9.1%
Apr+1.7%
May-5.1%
Jun-8.5%
Jul+13.3%
Aug+17.4%
Sep-9.6%
Oct+2.5%
Nov+3.4%
Dec-7.1%

1949

Jan
Feb
Mar
Apr
May
Jun-16.8%
Jul-1.6%
Aug+21.2%
Sep-6.8%
Oct-13.3%
Nov-13.2%
Dec-10.5%

Avg

Jan+2.2%
Feb+0.9%
Mar+0.6%
Apr+1.7%
May+0.5%
Jun+0.9%
Jul+0.2%
Aug+0.6%
Sep-0.4%
Oct+0.4%
Nov+1.2%
Dec+1.2%

Median

Jan+3.0%
Feb+0.8%
Mar+1.2%
Apr+1.6%
May+0.2%
Jun+1.5%
Jul-0.1%
Aug+0.9%
Sep-0.1%
Oct+0.7%
Nov+1.2%
Dec+1.6%

Last 5Y Avg

Jan+2.4%
Feb+2.2%
Mar-1.4%
Apr+2.4%
May+5.2%
Jun+2.7%
Jul+0.1%
Aug+1.0%
Sep-0.4%
Oct+4.2%
Nov-0.0%
Dec+0.3%

Std Dev (σ)

Jan6.2%
Feb5.0%
Mar6.3%
Apr5.7%
May5.4%
Jun5.2%
Jul4.7%
Aug6.8%
Sep5.3%
Oct6.8%
Nov6.2%
Dec5.5%

Consistency (μ/σ)

Jan0.36
Feb0.18
Mar0.09
Apr0.30
May0.09
Jun0.16
Jul0.03
Aug0.09
Sep-0.07
Oct0.05
Nov0.19
Dec0.22

Win Rate (%)

Jan69%
Feb57%
Mar57%
Apr65%
May53%
Jun64%
Jul49%
Aug55%
Sep48%
Oct53%
Nov56%
Dec64%

Winning / Losing Months

Jan5324
Feb4433
Mar4433
Apr5027
May4136
Jun4928
Jul3839
Aug4235
Sep3740
Oct4136
Nov4334
Dec4928

Longest Win / Loss Streak

Jan133
Feb66
Mar74
Apr93
May75
Jun127
Jul44
Aug74
Sep55
Oct44
Nov94
Dec63

Best

Jan+24.2%1953
Feb+16.1%1950
Mar+16.3%1986
Apr+16.1%2026
May+12.0%1990
Jun+10.6%1952
Jul+14.9%1995
Aug+21.2%1949
Sep+10.1%1953
Oct+20.1%1990
Nov+15.0%2020
Dec+12.8%2009

Worst

Jan-15.8%1950
Feb-11.5%1953
Mar-23.3%1953
Apr-16.2%1970
May-11.7%1957
Jun-16.8%1949
Jul-10.7%1963
Aug-16.3%1990
Sep-19.2%1990
Oct-23.8%2008
Nov-16.7%1993
Dec-10.7%1953
−23.8%+24.2%

Frequently asked questions

Data & methodology

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