DAX monthly returns
DAX has averaged 0.70% per month, positive in 58% of months. Month-by-month returns for the DAX (proxied by DAX, dividends reinvested) below, through October 12, 2026 — the table lists the most recent months; the bar chart plots the last 5 years.
Average month
+0.7%
142 months
Best month
+16.6%
Nov 2020
Worst month
-17.5%
Mar 2020
Positive months
58%
of all months
DAX monthly returns#
| Month | Path | Total return |
|---|---|---|
| Oct 2026 | -1.0% | |
| Sep 2026 | -6.7% | |
| Aug 2026 | +2.9% | |
| Jul 2026 | +3.8% | |
| Jun 2026 | -2.4% | |
| May 2026 | +2.0% | |
| Apr 2026 | +7.3% | |
| Mar 2026 | -10.8% | |
| Feb 2026 | +2.6% | |
| Jan 2026 | +1.0% | |
| Dec 2025 | +3.8% | |
| Nov 2025 | +0.1% | |
| Oct 2025 | -1.8% | |
| Sep 2025 | +0.4% | |
| Aug 2025 | +2.1% | |
| Jul 2025 | -2.8% | |
| Jun 2025 | +3.2% | |
| May 2025 | +6.3% | |
| Apr 2025 | +6.2% | |
| Mar 2025 | +2.9% | |
| Feb 2025 | +4.6% | |
| Jan 2025 | +8.9% | |
| Dec 2024 | -1.3% | |
| Nov 2024 | +0.3% | |
| Oct 2024 | -3.9% | |
| Sep 2024 | +3.5% | |
| Aug 2024 | +4.2% | |
| Jul 2024 | +2.5% | |
| Jun 2024 | -3.1% | |
| May 2024 | +5.2% | |
| Apr 2024 | -4.7% | |
| Mar 2024 | +4.1% | |
| Feb 2024 | +5.9% | |
| Jan 2024 | -1.8% | |
| Dec 2023 | +4.3% | |
| Nov 2023 | +12.8% | |
| Oct 2023 | -3.2% | |
| Sep 2023 | -6.2% | |
| Aug 2023 | -4.7% | |
| Jul 2023 | +2.7% | |
| Jun 2023 | +5.1% | |
| May 2023 | -5.0% | |
| Apr 2023 | +3.2% | |
| Mar 2023 | +4.6% | |
| Feb 2023 | -1.7% | |
| Jan 2023 | +11.5% | |
| Dec 2022 | -1.9% | |
| Nov 2022 | +15.5% | |
| Oct 2022 | +11.4% | |
| Sep 2022 | -9.1% | |
| Aug 2022 | -6.5% | |
| Jul 2022 | +3.3% | |
| Jun 2022 | -13.3% | |
| May 2022 | +4.6% | |
| Apr 2022 | -6.7% | |
| Mar 2022 | -2.0% | |
| Feb 2022 | -8.4% | |
| Jan 2022 | -3.1% | |
| Dec 2021 | +5.6% | |
| Nov 2021 | -5.8% | |
| Oct 2021 | +2.8% | |
| Sep 2021 | -5.6% | |
| Aug 2021 | +1.3% | |
| Jul 2021 | -0.4% | |
| Jun 2021 | -2.2% | |
| May 2021 | +3.9% | |
| Apr 2021 | +3.1% | |
| Mar 2021 | +5.8% | |
| Feb 2021 | +2.4% | |
| Jan 2021 | -2.4% | |
| Dec 2020 | +5.1% | |
| Nov 2020 | +16.6% | |
| Oct 2020 | -9.5% | |
| Sep 2020 | -3.9% | |
| Aug 2020 | +8.0% | |
| Jul 2020 | +3.9% | |
| Jun 2020 | +7.1% | |
| May 2020 | +8.3% | |
| Apr 2020 | +10.4% | |
| Mar 2020 | -17.5% | |
| Feb 2020 | -7.9% | |
| Jan 2020 | -3.6% | |
| Dec 2019 | +1.5% | |
| Nov 2019 | +1.3% | |
| Oct 2019 | +6.8% | |
| Sep 2019 | +1.5% | |
| Aug 2019 | -0.2% | |
| Jul 2019 | -4.6% | |
| Jun 2019 | +0.0% | |
| May 2019 | +0.2% | |
| Apr 2019 | +6.8% | |
| Mar 2019 | +1.6% | |
| Feb 2019 | -0.4% | |
| Jan 2019 | +6.3% | |
| Dec 2018 | -5.8% | |
| Nov 2018 | -1.0% | |
| Oct 2018 | -9.4% | |
| Sep 2018 | +0.1% | |
| Aug 2018 | -4.9% | |
| Jul 2018 | +4.2% | |
| Jun 2018 | -2.2% | |
| May 2018 | -3.2% | |
| Apr 2018 | +1.5% | |
| Mar 2018 | -1.0% | |
| Feb 2018 | -7.9% | |
| Jan 2018 | +5.0% | |
| Dec 2017 | +0.5% | |
| Nov 2017 | -0.2% | |
| Oct 2017 | +2.5% | |
| Sep 2017 | +5.4% | |
| Aug 2017 | +0.5% | |
| Jul 2017 | +1.2% | |
| Jun 2017 | -0.4% | |
| May 2017 | +4.4% | |
| Apr 2017 | +2.7% | |
| Mar 2017 | +4.8% | |
| Feb 2017 | +0.5% | |
| Jan 2017 | +3.4% | |
| Dec 2016 | +6.9% | |
| Nov 2016 | -3.8% |
Monthly total return (since Nov 2021)#
-15%-10%-5%0%5%10%15%
Nov 2021-5.8%
Dec 2021+5.6%
Jan 2022-3.1%2022
Feb 2022-8.4%
Mar 2022-2.0%
Apr 2022-6.7%
May 2022+4.6%
Jun 2022-13%
Jul 2022+3.3%
Aug 2022-6.5%
Sep 2022-9.1%
Oct 2022+11%
Nov 2022+15%
Dec 2022-1.9%
Jan 2023+12%2023
Feb 2023-1.7%
Mar 2023+4.6%
Apr 2023+3.2%
May 2023-5.0%
Jun 2023+5.1%
Jul 2023+2.7%
Aug 2023-4.7%
Sep 2023-6.2%
Oct 2023-3.2%
Nov 2023+13%
Dec 2023+4.3%
Jan 2024-1.8%2024
Feb 2024+5.9%
Mar 2024+4.1%
Apr 2024-4.7%
May 2024+5.2%
Jun 2024-3.1%
Jul 2024+2.5%
Aug 2024+4.2%
Sep 2024+3.5%
Oct 2024-3.9%
Nov 2024+0.33%
Dec 2024-1.3%
Jan 2025+8.9%2025
Feb 2025+4.6%
Mar 2025+2.9%
Apr 2025+6.2%
May 2025+6.3%
Jun 2025+3.2%
Jul 2025-2.8%
Aug 2025+2.1%
Sep 2025+0.4%
Oct 2025-1.8%
Nov 2025+0.12%
Dec 2025+3.8%
Jan 2026+1.0%2026
Feb 2026+2.6%
Mar 2026-11%
Apr 2026+7.3%
May 2026+2.0%
Jun 2026-2.4%
Jul 2026+3.8%
Aug 2026+2.9%
Sep 2026-6.7%
Oct 2026-0.96%
DAX returns by calendar month#
Every month of every year since 2015, one tick per year on a shared scale; the dark bar is the month's average. Total returns, dividends reinvested.
October 2026 so far: -0.96% — 6th of 12 Octobers since 2015 at the last close; the average October returned +0.4%.
| Month | −20%0+20% | Average | Median | Up | Best | Worst |
|---|---|---|---|---|---|---|
| Jan | +1.5% | +1.2% | 58% | +11.5% 2023 | -8.2% 2016 | |
| Feb | -0.6% | +0.1% | 50% | +5.9% 2024 | -8.4% 2022 | |
| Mar | +0.2% | +2.3% | 67% | +9.8% 2016 | -17.5% 2020 | |
| Apr | +2.5% | +2.9% | 75% | +10.4% 2020 | -6.7% 2022 | |
| May | +2.0% | +2.9% | 67% | +8.3% 2020 | -5.0% 2023 | |
| Jun | -1.3% | -2.2% | 33% | +7.1% 2020 | -13.3% 2022 | |
| Jul | +1.8% | +2.6% | 75% | +6.6% 2016 | -4.6% 2019 | |
| Aug | -0.2% | +0.9% | 58% | +8.0% 2020 | -7.0% 2015 | |
| Sep | -2.2% | -1.9% | 50% | +5.4% 2017 | -9.1% 2022 | |
| Oct | +0.4% | -1.2% | 45% | +11.4% 2022 | -9.5% 2020 | |
| Nov | +3.3% | +0.3% | 64% | +16.6% 2020 | -5.8% 2021 | |
| Dec | +1.4% | +1.5% | 64% | +6.9% 2016 | -5.8% 2018 |
Methodology#
Monthly returns are total returns (dividends reinvested), computed from DAX's split- and dividend-adjusted month-end closes. The table shows the most recent 120 months and the bar chart the most recent 60. See the year-by-year returns for the annual view. Past performance does not predict future returns; not investment advice.
FAQ#
- What is DAX's average monthly return?
- the DAX (proxied by DAX, dividends reinvested) has averaged about 0.70% per month, positive in roughly 58% of months. The best month was Nov 2020 (+16.6%) and the worst was Mar 2020 (-17.5%).
More on DAX
All 10 DAX pages →By month for: S&P 500 · S&P 500 Equal Weight · US Stock Market · Nasdaq-100Tracked by DAX