Seasonality
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Seasonality
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ZDM.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 | 3.65% | 4.53% | -5.42% | 3.42% | 2.98% | 3.09% | 0.41% | 1.16% | -1.78% | -1.08% | ||
| 2025 | 4.40% | 1.95% | -2.33% | -0.62% | 4.55% | 0.10% | 1.20% | 2.41% | 1.93% | 3.20% | 0.99% | 1.10% |
| 2024 | 2.27% | 3.85% | 4.06% | -1.32% | 3.46% | -0.50% | 0.34% | 1.10% | -0.04% | -2.13% | 1.02% | 0.13% |
| 2023 | 7.43% | 0.16% | 1.14% | 2.37% | -1.43% | 3.58% | 1.83% | -1.99% | -1.11% | -2.30% | 5.06% | 2.92% |
| 2022 | -2.65% | -3.60% | 2.41% | -1.75% | 0.62% | -5.29% | 5.27% | -3.04% | -6.41% | 5.97% | 7.21% | -3.52% |
| 2021 | 0.00% | 3.35% | 4.59% | 0.88% | 2.71% | 0.93% | 0.69% | 1.85% | -1.51% | 3.03% | -3.09% | 4.33% |
| 2020 | -6.43% | -14.38% | 5.55% | 5.15% | 2.80% | -2.05% | 3.78% | -0.49% | -3.88% | 12.07% | 2.92% | |
| Avg | 2.52% | 0.54% | -1.42% | 1.22% | 2.58% | 0.67% | 1.10% | 0.75% | -1.34% | 0.65% | 3.88% | 1.31% |
Nov is the seasonally strongest month over 5Y.
Nov averages +3.9% with a 83% win rate across 5 years of history.
Mar shows persistent seasonal weakness.
Mar averages -1.4% 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 +5.8% average return historically.
January Effect: Q1 historically opens the year positively.
Q1 (Jan–Mar) averages +1.6% historically, with January alone posting a 67% win rate.
2026 YTD is tracking above the 5Y seasonal average.
At day 204 of the year, the current YTD return is +1.6% vs the historical average for the same point.
ZDM.TO - Average growth of $100 invested at start of year
5 years of data
ZDM.TO Distribution of Daily Returns from 2021 to 2026
ZDM.TO Distribution of Daily % Changes