Seasonality
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Seasonality
Sign in to unlock 10Y & 20Y views
Nov is the seasonally strongest month over 5Y.
Nov averages +4.4% with a 83% win rate across 5 years of history.
Mar shows persistent seasonal weakness.
Mar averages -2.1% with only a 57% win rate across 5 years of history.
Q4 (Oct–Nov–Dec) is the seasonally strongest quarter.
The three months of Q4 combine for a +5.9% average return historically.
January Effect: Q1 historically opens the year positively.
Q1 (Jan–Mar) averages +0.2% historically, with January alone posting a 83% win rate.
2026 YTD is tracking above the 5Y seasonal average.
At day 204 of the year, the current YTD return is +7.6% vs the historical average for the same point.
CDZ.TO - 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 | 1.83% | 6.46% | -1.85% | 3.38% | 2.31% | 1.65% | 2.60% | -2.48% | -1.44% | 2.76% | ||
| 2025 | -0.53% | 0.01% | 0.71% | 0.11% | 4.57% | 1.97% | 1.16% | 3.61% | 2.78% | -0.69% | 2.36% | 1.05% |
| 2024 | 0.91% | 0.75% | 2.37% | -3.01% | 1.67% | 0.25% | 7.05% | 1.86% | 5.59% | 1.09% | 3.93% | -3.55% |
| 2023 | 6.26% | -1.23% | -0.98% | 1.80% | -3.38% | 1.45% | 0.82% | -1.85% | -3.29% | -3.45% | 7.06% | 6.48% |
| 2022 | 1.70% | -0.33% | 4.03% | -3.88% | 0.35% | -7.17% | 4.79% | -2.24% | -6.53% | 3.42% | 5.08% | -2.53% |
| 2021 | 0.82% | 3.82% | 5.98% | 3.38% | 2.71% | 1.41% | 1.98% | 1.06% | -1.68% | 2.70% | -3.52% | 4.29% |
| 2020 | -6.34% | -25.11% | 9.19% | 0.99% | 2.28% | 4.16% | 2.79% | 0.36% | -1.85% | 11.69% | 1.88% | |
| Avg | 1.83% | 0.45% | -2.12% | 1.57% | 1.32% | 0.26% | 3.22% | 0.39% | -0.60% | 0.20% | 4.43% | 1.27% |
CDZ.TO - Average growth of $100 invested at start of year
5 years of data
CDZ.TO Distribution of Daily Returns from 2021 to 2026
CDZ.TO Distribution of Daily % Changes