Market proxy EFA$108.361D +0.14%as of market close, Sep 4, 2026
MSCI EAFE monthly returns
MSCI EAFE has averaged 0.68% per month, positive in 61% of months. Month-by-month returns for the MSCI EAFE (proxied by EFA, dividends reinvested) below, through September 4, 2026 — the table lists the most recent months; the bar chart plots the last 5 years.
Average month
+0.7%
297 months
Best month
+14.3%
Nov 2020
Worst month
-20.8%
Oct 2008
Positive months
61%
of all months
MSCI EAFE monthly returns#
| Month | Path | Total return |
|---|---|---|
| Sep 2026 | +0.8% | |
| Aug 2026 | +1.8% | |
| Jul 2026 | +1.7% | |
| Jun 2026 | +0.6% | |
| May 2026 | +2.4% | |
| Apr 2026 | +5.3% | |
| Mar 2026 | -7.8% | |
| Feb 2026 | +4.6% | |
| Jan 2026 | +4.9% | |
| Dec 2025 | +2.7% | |
| Nov 2025 | +0.7% | |
| Oct 2025 | +1.2% | |
| Sep 2025 | +2.1% | |
| Aug 2025 | +4.5% | |
| Jul 2025 | -2.1% | |
| Jun 2025 | +2.4% | |
| May 2025 | +4.8% | |
| Apr 2025 | +3.7% | |
| Mar 2025 | +0.2% | |
| Feb 2025 | +3.0% | |
| Jan 2025 | +4.8% | |
| Dec 2024 | -2.9% | |
| Nov 2024 | -0.3% | |
| Oct 2024 | -5.3% | |
| Sep 2024 | +0.8% | |
| Aug 2024 | +3.3% | |
| Jul 2024 | +2.6% | |
| Jun 2024 | -1.8% | |
| May 2024 | +5.1% | |
| Apr 2024 | -3.2% | |
| Mar 2024 | +3.4% | |
| Feb 2024 | +3.0% | |
| Jan 2024 | -0.5% | |
| Dec 2023 | +5.4% | |
| Nov 2023 | +8.2% | |
| Oct 2023 | -2.9% | |
| Sep 2023 | -3.6% | |
| Aug 2023 | -3.9% | |
| Jul 2023 | +2.7% | |
| Jun 2023 | +4.5% | |
| May 2023 | -4.0% | |
| Apr 2023 | +2.9% | |
| Mar 2023 | +3.1% | |
| Feb 2023 | -3.1% | |
| Jan 2023 | +9.0% | |
| Dec 2022 | -1.8% | |
| Nov 2022 | +13.2% | |
| Oct 2022 | +5.9% | |
| Sep 2022 | -9.2% | |
| Aug 2022 | -6.1% | |
| Jul 2022 | +5.2% | |
| Jun 2022 | -8.8% | |
| May 2022 | +2.0% | |
| Apr 2022 | -6.7% | |
| Mar 2022 | +0.5% | |
| Feb 2022 | -3.4% | |
| Jan 2022 | -3.6% | |
| Dec 2021 | +4.4% | |
| Nov 2021 | -4.5% | |
| Oct 2021 | +3.2% | |
| Sep 2021 | -3.3% | |
| Aug 2021 | +1.4% | |
| Jul 2021 | +0.8% | |
| Jun 2021 | -1.1% | |
| May 2021 | +3.5% | |
| Apr 2021 | +3.0% | |
| Mar 2021 | +2.5% | |
| Feb 2021 | +2.2% | |
| Jan 2021 | -0.8% | |
| Dec 2020 | +5.0% | |
| Nov 2020 | +14.3% | |
| Oct 2020 | -3.6% | |
| Sep 2020 | -2.0% | |
| Aug 2020 | +4.7% | |
| Jul 2020 | +1.9% | |
| Jun 2020 | +3.5% | |
| May 2020 | +5.4% | |
| Apr 2020 | +5.8% | |
| Mar 2020 | -14.1% | |
| Feb 2020 | -7.8% | |
| Jan 2020 | -2.8% | |
| Dec 2019 | +3.0% | |
| Nov 2019 | +1.1% | |
| Oct 2019 | +3.4% | |
| Sep 2019 | +3.2% | |
| Aug 2019 | -1.9% | |
| Jul 2019 | -1.9% | |
| Jun 2019 | +5.9% | |
| May 2019 | -5.0% | |
| Apr 2019 | +2.9% | |
| Mar 2019 | +0.9% | |
| Feb 2019 | +2.5% | |
| Jan 2019 | +6.6% | |
| Dec 2018 | -5.3% | |
| Nov 2018 | +0.5% | |
| Oct 2018 | -8.1% | |
| Sep 2018 | +1.0% | |
| Aug 2018 | -2.2% | |
| Jul 2018 | +2.9% | |
| Jun 2018 | -1.6% | |
| May 2018 | -1.9% | |
| Apr 2018 | +1.5% | |
| Mar 2018 | -0.8% | |
| Feb 2018 | -4.8% | |
| Jan 2018 | +5.0% | |
| Dec 2017 | +1.3% | |
| Nov 2017 | +0.7% | |
| Oct 2017 | +1.7% | |
| Sep 2017 | +2.4% | |
| Aug 2017 | -0.0% | |
| Jul 2017 | +2.7% | |
| Jun 2017 | +0.3% | |
| May 2017 | +3.5% | |
| Apr 2017 | +2.4% | |
| Mar 2017 | +3.2% | |
| Feb 2017 | +1.2% | |
| Jan 2017 | +3.3% | |
| Dec 2016 | +2.7% | |
| Nov 2016 | -1.8% | |
| Oct 2016 | -2.2% |
Monthly total return (since Oct 2021)#
-10%-5%0%5%10%
Oct 2021+3.2%
Nov 2021-4.5%
Dec 2021+4.4%
Jan 2022-3.6%2022
Feb 2022-3.4%
Mar 2022+0.52%
Apr 2022-6.7%
May 2022+2.0%
Jun 2022-8.8%
Jul 2022+5.2%
Aug 2022-6.1%
Sep 2022-9.2%
Oct 2022+5.9%
Nov 2022+13%
Dec 2022-1.8%
Jan 2023+9.0%2023
Feb 2023-3.1%
Mar 2023+3.1%
Apr 2023+2.9%
May 2023-4.0%
Jun 2023+4.5%
Jul 2023+2.7%
Aug 2023-3.9%
Sep 2023-3.6%
Oct 2023-2.9%
Nov 2023+8.2%
Dec 2023+5.4%
Jan 2024-0.45%2024
Feb 2024+3.0%
Mar 2024+3.4%
Apr 2024-3.2%
May 2024+5.1%
Jun 2024-1.8%
Jul 2024+2.6%
Aug 2024+3.3%
Sep 2024+0.78%
Oct 2024-5.3%
Nov 2024-0.32%
Dec 2024-2.9%
Jan 2025+4.8%2025
Feb 2025+3.0%
Mar 2025+0.18%
Apr 2025+3.7%
May 2025+4.8%
Jun 2025+2.4%
Jul 2025-2.1%
Aug 2025+4.5%
Sep 2025+2.1%
Oct 2025+1.2%
Nov 2025+0.74%
Dec 2025+2.7%
Jan 2026+4.9%2026
Feb 2026+4.6%
Mar 2026-7.8%
Apr 2026+5.3%
May 2026+2.4%
Jun 2026+0.64%
Jul 2026+1.7%
Aug 2026+1.8%
Sep 2026+0.85%
Methodology#
Monthly returns are total returns (dividends reinvested), computed from EFA'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 MSCI EAFE's average monthly return?
- the MSCI EAFE (proxied by EFA, dividends reinvested) has averaged about 0.68% per month, positive in roughly 61% of months. The best month was Nov 2020 (+14.3%) and the worst was Oct 2008 (-20.8%).
More on MSCI EAFE
- Returns by year+14.6%
- Weekly returns+0.6%
- Trailing returns+22.6%
- YTD return+14.6%
- Drawdown from high−0.4%
All 7 MSCI EAFE pages →By month for: S&P 500 · S&P 500 Equal Weight · US Stock Market · Nasdaq-100Tracked by EFA