Seasonality
MSCI seasonality — MSCI
Over the last 11 years, MSCI's strongest month on average has been July (+7.1%) and its weakest September (-3.2%).
Average return by month
Month-by-month statistics
| Month | Avg | Median | Up % | Best | Worst | Yrs |
|---|---|---|---|---|---|---|
| Jan | +4.30% | +6.01% | 70% | +15.5% | -12.5% | 10 |
| Feb | +1.10% | +0.30% | 50% | +14.3% | -6.4% | 10 |
| Mar | +1.23% | +0.69% | 60% | +7.6% | -5.7% | 10 |
| Apr | +0.50% | +1.73% | 60% | +15.9% | -16.9% | 10 |
| May | +2.35% | +2.44% | 70% | +8.5% | -3.6% | 10 |
| Jun | +0.81% | +1.37% | 60% | +13.9% | -11.3% | 10 |
| Jul | +7.12% | +8.79% | 80% | +16.8% | -4.8% | 10 |
| Aug | +2.34% | +2.19% | 60% | +8.5% | -6.7% | 10 |
| Sep | -3.23% | -4.28% | 20% | +2.0% | -7.2% | 10 |
| Oct | +2.07% | +2.06% | 60% | +15.7% | -15.2% | 10 |
| Nov | +6.40% | +8.31% | 78% | +17.0% | -5.3% | 9 |
| Dec | -0.14% | -0.98% | 30% | +9.1% | -8.4% | 10 |
Monthly returns heat map — MSCI
price return, %| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 6.2 | -6.1 | -5.7 | 9.7 | 6.8 | -11.3 | 2.2 | -0.3 | -5.6 | 15.7 | 2.8 | +11.7% | |
| 2025 | -0.5 | -1.1 | -4.2 | -3.6 | 3.5 | 2.3 | -2.7 | 1.1 | -0.1 | 3.7 | -4.2 | 1.8 | -4.4% |
| 2024 | 5.8 | -6.3 | -0.1 | -16.9 | 6.3 | -2.7 | 12.2 | 7.4 | 0.4 | -2.0 | 6.7 | -1.6 | +6.1% |
| 2023 | 14.3 | -1.8 | 7.2 | -13.8 | -2.5 | -0.3 | 16.8 | -0.8 | -5.6 | -8.1 | 10.4 | 8.6 | +21.6% |
| 2022 | -12.5 | -6.4 | 0.2 | -16.2 | 5.0 | -6.8 | 16.8 | -6.7 | -6.1 | 11.2 | 8.3 | -8.4 | -24.1% |
| 2021 | -11.5 | 4.9 | 1.1 | 15.9 | -3.6 | 13.9 | 11.8 | 6.5 | -4.1 | 9.3 | -5.3 | -2.7 | +37.2% |
| 2020 | 10.7 | 3.4 | -2.2 | 13.2 | 0.6 | 1.5 | 12.6 | -0.7 | -4.4 | -1.9 | 17.0 | 9.1 | +73.0% |
| 2019 | 15.5 | 8.5 | 7.6 | 13.3 | -2.4 | 8.5 | -4.8 | 3.2 | -7.2 | 7.7 | 10.5 | -0.4 | +75.1% |
| 2018 | 10.0 | 1.6 | 5.6 | 0.2 | 8.5 | 1.8 | 0.5 | 8.5 | -1.6 | -15.2 | 4.5 | -6.2 | +16.5% |
| 2017 | 5.0 | 14.3 | 2.8 | 3.2 | 1.4 | 1.2 | 5.8 | 5.2 | 2.0 | 0.4 | 9.7 | -1.7 | +60.6% |
| 2016 | -0.0 |