Seasonality
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BXP - Average returns for the respective month in the last 5 years
Monthly Returns Heatmap
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -4.16% | -10.96% | -8.63% | 12.64% | 2.65% | 11.66% | 5.75% | -2.38% | ||||
| 2025 | -1.64% | -3.02% | -3.88% | -5.15% | 5.65% | 1.66% | -3.02% | 10.82% | 3.48% | -4.24% | 1.64% | -5.79% |
| 2024 | -5.23% | -2.68% | 2.56% | -5.24% | -1.97% | 3.12% | 15.84% | 5.48% | 8.28% | 0.12% | 1.78% | -8.09% |
| 2023 | 10.30% | -12.15% | -15.80% | -1.40% | -8.79% | 20.40% | 15.70% | 0.21% | -9.41% | -9.94% | 6.27% | 24.96% |
| 2022 | -2.69% | 9.13% | 6.09% | -8.70% | -5.46% | -19.10% | 2.45% | -12.87% | -4.39% | -3.03% | -0.85% | -4.84% |
| 2021 | -3.45% | 8.61% | 3.13% | 7.99% | 7.51% | -1.70% | 2.43% | -3.74% | -3.27% | 4.88% | -5.10% | 7.72% |
| 2020 | -10.05% | -27.72% | 5.37% | -11.53% | 6.31% | -1.43% | -2.49% | -6.45% | -9.83% | 35.56% | -2.68% | |
| Avg | -1.15% | -3.02% | -6.32% | 0.79% | -1.71% | 3.19% | 5.39% | -0.43% | -1.96% | -3.67% | 6.55% | 1.88% |
Nov is the seasonally strongest month over 5Y.
Nov averages +6.5% with a 67% win rate across 5 years of history.
Mar shows persistent seasonal weakness.
Mar averages -6.3% with only a 43% win rate across 5 years of history.
Q4 (Oct–Nov–Dec) is the seasonally strongest quarter.
The three months of Q4 combine for a +4.8% average return historically.
Q1 historically shows a slow seasonal start.
Q1 (Jan–Mar) averages -10.5% historically, with January alone posting a 17% win rate.
2026 YTD is tracking above the 5Y seasonal average.
At day 155 of the year, the current YTD return is +6.8% vs the historical average for the same point.
BXP - Average growth of $100 invested at start of year
5 years of data
BXP Distribution of Daily Returns from 2021 to 2026
BXP Distribution of Daily % Changes