I believe they are calibrated to a reading of 0.0 in water of 20 degrees celicius.
If you make measurements of liquid outside 20 degrees, you'll generally need to adjust the gravity accordingly.
Naturally, the older and more used a hydrometer gets, the less likely it is to give a good reading. If its had a bit of a beating around and been put through a fair bit of stress from heat and the elements, you may find it might be off when you measure it in 20 degree water, and a small error in measurement at 0.0 can often mean a bigger error in higher gravity liquids