Seasonality
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Seasonality
Sign in to unlock 10Y & 20Y views
Nov is the seasonally strongest month over 5Y.
Nov averages +4.2% with a 100% win rate across 5 years of history.
Mar shows persistent seasonal weakness.
Mar averages -1.3% 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 +5.5% average return historically.
Q1 historically shows a slow seasonal start.
Q1 (Jan–Mar) averages -0.1% 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 +5.3% vs the historical average for the same point.
Monthly Returns Heatmap
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.55% | 3.04% | -4.08% | 4.87% | 4.53% | 1.75% | -1.03% | 1.56% | -0.17% | -1.16% | ||
| 2025 | 3.34% | -0.72% | -2.38% | -2.41% | 4.17% | 2.93% | 1.89% | 2.19% | 4.24% | 2.19% | 0.74% | -0.60% |
| 2024 | 1.01% | 3.70% | 2.74% | -1.98% | 2.36% | 1.83% | 3.27% | 0.07% | 2.46% | 0.47% | 4.50% | -1.25% |
| 2023 | 5.23% | -1.13% | 1.65% | 1.59% | -1.81% | 2.27% | 2.36% | -0.40% | -3.56% | -1.08% | 5.94% | 3.13% |
| 2022 | -3.37% | -2.03% | 0.82% | -5.01% | -0.25% | -6.39% | 5.66% | -1.82% | -3.95% | 3.77% | 5.54% | -3.20% |
| 2021 | -0.03% | 1.78% | 1.11% | 1.47% | 0.82% | 2.79% | 1.14% | 2.46% | -2.69% | 2.08% | 0.72% | 2.51% |
| 2020 | -4.92% | -9.10% | 8.16% | 2.86% | 1.49% | 3.11% | 2.62% | -1.27% | -2.18% | 7.88% | 1.89% | |
| Avg | 1.29% | -0.04% | -1.32% | 0.96% | 1.81% | 0.95% | 2.34% | 0.95% | -0.71% | 0.88% | 4.22% | 0.42% |
ZGRO.TO - Average growth of $100 invested at start of year
5 years of data
ZGRO.TO - Average returns for the respective month in the last 5 years
ZGRO.TO Distribution of Daily Returns from 2021 to 2026
ZGRO.TO Distribution of Daily % Changes