DAX vs CAC 40: which is stronger each month?
DAX has been strongest in April (+2.65%) and weakest in September (-2.08%). CAC 40 has been strongest in April (+2.13%) and weakest in September (-1.91%). DAX had the higher average in 7 of 12 months, and the two pointed the same way in 11 of 12.
Month by month
| Month | DAX average | DAX up years | CAC 40 average | CAC 40 up years | Stronger |
|---|---|---|---|---|---|
| January | +0.85% | 59% | +1.01% | 58% | CAC 40 |
| February | +1.06% | 56% | +1.25% | 58% | CAC 40 |
| March | +0.40% | 51% | +0.49% | 64% | CAC 40 |
| April | +2.65% | 72% | +2.13% | 70% | DAX |
| May | +1.03% | 64% | -0.51% | 54% | DAX |
| June | -0.04% | 49% | -1.08% | 43% | DAX |
| July | +1.60% | 67% | +0.88% | 59% | DAX |
| August | -1.84% | 49% | -1.27% | 35% | CAC 40 |
| September | -2.08% | 38% | -1.91% | 51% | CAC 40 |
| October | +1.99% | 68% | +1.75% | 72% | DAX |
| November | +2.61% | 66% | +1.54% | 61% | DAX |
| December | +2.21% | 74% | +1.35% | 69% | DAX |
DAX since 1988, CAC 40 since 1990, monthly close to close, as of October 16, 2026. The highlighted row is the current month. Monthly correlation over the last 16 years: 0.89.
More on each market
Questions
What is the best month for DAX?
Since 1988, April has averaged +2.65% for DAX, higher in 72% of 39 years.
What is the best month for CAC 40?
Since 1990, April has averaged +2.13% for CAC 40, higher in 70% of 37 years.
Do DAX and CAC 40 move together?
Over the last 16 years their monthly moves had a correlation of 0.89, where 1 means they always move together and 0 means no link.
History describes the past. Not investment advice.
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Not investment advice. Market Seasonality publishes historical statistics, news summaries and scenario analysis for information and education. Past patterns do not guarantee future results. Nothing here is a recommendation to buy, sell or hold any asset, and scenarios describe possible paths without predicting them. See the disclaimer and methodology.