IBEX 35 (IBEX)
Benchmark index · Spain · data since 1993-07-12 · last close 2026-09-09
IBEX 35 (IBEX) monthly returns (%)
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.3 | 2.7 | -7.1 | 4.3 | 3.3 | 6.0 | 1.6 | 1.0 | -1.4 | · | · | · |
| 2025 | 6.7 | 7.9 | -1.6 | 1.2 | 6.5 | -1.1 | 2.9 | 3.7 | 3.6 | 3.6 | 2.1 | 5.7 |
| 2024 | -0.2 | -0.8 | 10.7 | -2.0 | 4.3 | -3.3 | 1.1 | 3.0 | 4.2 | -1.7 | -0.3 | -0.4 |
| 2023 | 9.8 | 4.0 | -1.7 | 0.1 | -2.1 | 6.0 | 0.5 | -1.4 | -0.8 | -4.4 | 11.5 | 0.4 |
| 2022 | -1.2 | -1.6 | -0.4 | 1.6 | 3.1 | -8.5 | 0.7 | -3.3 | -6.6 | 8.0 | 5.1 | -1.6 |
| 2021 | -3.9 | 6.0 | 4.3 | 2.7 | 3.8 | -3.6 | -1.6 | 2.0 | -0.6 | 3.0 | -8.3 | 4.9 |
| 2020 | -1.9 | -6.9 | -22.2 | 2.0 | 2.5 | 1.9 | -4.9 | 1.3 | -3.6 | -3.9 | 25.2 | -0.0 |
| 2019 | 6.0 | 2.4 | -0.4 | 3.6 | -5.9 | 2.2 | -2.5 | -1.8 | 4.9 | 0.1 | 1.0 | 2.1 |
| 2018 | 4.1 | -5.8 | -2.4 | 4.0 | -5.2 | 1.7 | 2.6 | -4.8 | -0.1 | -5.3 | 2.1 | -5.9 |
| 2017 | -0.4 | 2.6 | 9.5 | 2.4 | 1.5 | -4.0 | 0.6 | -1.9 | 0.8 | 1.4 | -3.0 | -1.6 |
| 2016 | -7.6 | -4.0 | 3.1 | 3.5 | 0.1 | -9.6 | 5.2 | 1.5 | 0.7 | 4.1 | -5.0 | 7.6 |
| 2015 | 1.2 | 7.5 | 3.1 | -1.2 | -1.5 | -4.0 | 3.8 | -8.2 | -6.8 | 8.4 | 0.3 | -8.1 |
| 2014 | 0.0 | 2.0 | 2.2 | 1.1 | 3.3 | 1.2 | -2.0 | 0.2 | 0.9 | -3.2 | 2.8 | -4.6 |
| 2013 | 2.4 | -1.6 | -3.8 | 6.3 | -1.2 | -6.7 | 8.6 | -1.7 | 10.8 | 7.9 | -0.7 | 0.8 |
| 2012 | -0.7 | -0.5 | -5.4 | -12.4 | -13.1 | 16.6 | -5.1 | 10.1 | 3.9 | 1.7 | 1.2 | 2.9 |
| 2011 | 9.6 | 0.4 | -2.5 | 2.9 | -3.7 | -1.1 | -7.0 | -9.5 | -2.0 | 4.8 | -5.6 | 1.4 |
| 2010 | -8.3 | -5.6 | 5.2 | -3.5 | -10.8 | -1.0 | 13.3 | -3.0 | 3.2 | 2.8 | -14.3 | 6.4 |
| 2009 | -8.1 | -9.8 | 2.5 | 15.7 | 4.3 | 3.9 | 10.9 | 4.7 | 3.4 | -2.9 | 2.0 | 2.5 |
| 2008 | -12.9 | -0.4 | 0.8 | 4.0 | -1.4 | -11.4 | -1.4 | -1.5 | -6.2 | -17.0 | -2.3 | 3.2 |
| 2007 | 2.9 | -2.1 | 2.8 | -1.8 | 6.6 | -2.9 | -0.6 | -2.2 | 0.7 | 9.0 | -0.8 | -3.7 |
| 2006 | 3.5 | 5.7 | 1.0 | 0.3 | -4.6 | 1.8 | 2.3 | 2.8 | 6.5 | 6.3 | 0.7 | 2.1 |
| 2005 | 1.6 | 1.8 | -1.4 | -2.8 | 4.7 | 3.8 | 3.4 | -1.1 | 8.0 | -3.0 | 0.6 | 1.7 |
| 2004 | 2.5 | 4.0 | -2.8 | 1.1 | -1.9 | 1.5 | -2.0 | -0.6 | 2.0 | 4.8 | 3.3 | 4.5 |
| 2003 | -1.5 | 0.9 | -2.1 | 10.5 | 0.3 | 5.4 | 2.9 | 0.7 | -5.7 | 6.3 | 1.7 | 6.7 |
| 2002 | -4.1 | 1.1 | 1.4 | -1.2 | -2.5 | -13.0 | -9.6 | 3.0 | -15.6 | 13.0 | 8.9 | -9.7 |
| 2001 | 11.1 | -5.6 | -2.5 | 4.9 | -2.7 | -6.5 | -4.5 | -1.9 | -12.1 | 6.3 | 7.6 | 0.4 |
| 2000 | -6.9 | 16.2 | -5.2 | -3.9 | -6.8 | -1.0 | -0.5 | 3.4 | 0.6 | -5.4 | -11.1 | -1.1 |
| 1999 | 0.4 | 1.2 | -2.6 | 2.4 | 1.0 | 1.4 | -8.1 | 4.4 | -2.9 | 2.3 | 12.5 | 6.2 |
| 1998 | 9.7 | 11.8 | 14.7 | -1.8 | -0.2 | 1.4 | 3.4 | -21.2 | -7.1 | 14.6 | 9.6 | 2.0 |
| 1997 | 3.4 | -0.4 | 2.2 | 8.9 | 6.6 | 9.3 | -1.1 | -4.1 | 11.3 | -12.2 | 8.7 | 4.7 |
| 1996 | 2.9 | 4.8 | -1.5 | 5.8 | 0.7 | 3.7 | -6.7 | 1.2 | 4.7 | 2.2 | 8.4 | 10.4 |
| 1995 | -1.5 | -0.5 | -3.1 | 5.5 | 4.3 | -0.2 | 4.8 | 1.8 | -1.6 | -3.0 | 7.1 | 3.4 |
| 1994 | 10.1 | -6.0 | -6.7 | 0.9 | -0.2 | -8.9 | 5.1 | -0.8 | -4.8 | 0.6 | 2.9 | -6.1 |
| 1993 | · | · | · | · | · | · | 5.5 | 12.7 | -5.4 | 8.6 | -4.9 | 10.2 |
| Avg | 1.0 | 0.9 | -0.4 | 2.0 | -0.2 | -0.6 | 0.6 | -0.3 | -0.4 | 1.8 | 2.1 | 1.4 |
Values in %. Current and first-listed months are partial (greyed).
returnsview.com
IBEX seasonality — average by calendar month
IBEX 35 has monthly history back to 1993. Its strongest month by median is October — positive in 22 of 33 years, median +2.3%, and higher in 5 of the last 9. March is the soft spot, down in 19 of 33 with a median of -1.4%. Across its full record it has closed 57% of months higher, swings ±5.8% in an average month and has fallen 62.6% peak to trough.
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Avg | +1.0% | +0.9% | -0.4% | +2.0% | -0.2% | -0.6% | +0.6% | -0.3% | -0.3% | +1.8% | +2.1% | +1.4% |
| Win rate | 58%/33 | 55%/33 | 42%/33 | 73%/33 | 52%/33 | 48%/33 | 56%/34 | 50%/34 | 52%/33 | 67%/33 | 67%/33 | 67%/33 |
Win rate = share of positive months / sample size.
IBEX risk & extremes
IBEX drawdown & rolling returns
Percent below the all-time high at each month-end — how far underwater the asset was.
Frequently asked questions
What was IBEX 35's best month?+
IBEX 35's strongest completed month on record is November 2020, at +25.18%.
What was IBEX 35's worst month?+
Its weakest completed month on record is March 2020, at -22.21%.
Is IBEX 35 up this year?+
IBEX 35 is up 13.79% year to date, measured from its last close before 1 January.
What is IBEX 35's 1-year return?+
+31.09% over the past twelve months, comparing the latest close with the most recent close on or before the same date a year earlier.
What is IBEX 35's biggest drawdown?+
The deepest peak-to-trough fall on record is 62.6%, measured on month-end closes since 1993.
Which calendar month is historically best for IBEX 35?+
November has the highest average return across every completed November since 1993. An average is not a forecast.
About IBEX 35
IBEX 35 isn't a company — it's the scoreboard: Spain's benchmark index, tracked here like any other asset, so you can see how a whole market behaves when nobody's stock-picking — with price history on this site back to 1993. And the long game: $100 at its first close here (1993) would be about $670 today.
Did you know?
- Its best month on record was November 2020 at +25.18%; its worst, March 2020 at -22.21%.
- It has closed April in the green 24 out of 33 times — calendar astrology, but the fun kind.
Trivia for entertainment — the numbers come from our price data; the jokes don't.