Seasonality
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Seasonality
Sign in to unlock 10Y & 20Y views
Nov is the seasonally strongest month over 5Y.
Nov averages +4.6% with a 83% win rate across 5 years of history.
Mar shows persistent seasonal weakness.
Mar averages -1.0% 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 +6.9% average return historically.
Q1 historically shows a slow seasonal start.
Q1 (Jan–Mar) averages -0.4% 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 +5.6% vs the historical average for the same point.
ZSP.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 | 0.66% | -0.69% | -3.14% | 8.01% | 6.77% | 1.75% | -1.19% | 1.62% | 2.29% | -1.96% | ||
| 2025 | 3.98% | -1.86% | -6.20% | -4.92% | 5.84% | 4.34% | 4.06% | 1.04% | 5.00% | 3.20% | -0.17% | -1.72% |
| 2024 | 3.07% | 6.21% | 3.04% | -2.46% | 3.91% | 3.88% | 2.10% | -0.02% | 2.42% | 2.01% | 6.60% | 0.05% |
| 2023 | 4.43% | 0.25% | 2.43% | 1.79% | 0.94% | 3.66% | 2.70% | 0.89% | -4.32% | -0.06% | 6.74% | 2.08% |
| 2022 | -4.72% | -3.31% | 2.45% | -6.42% | -1.07% | -6.79% | 8.54% | -1.57% | -4.58% | 6.56% | 4.05% | -5.14% |
| 2021 | -0.59% | 2.34% | 3.07% | 2.88% | -1.17% | 5.19% | 3.03% | 4.12% | -4.27% | 4.51% | 2.54% | 3.32% |
| 2020 | -6.88% | -8.38% | 11.89% | 3.65% | 0.41% | 4.06% | 4.49% | -1.72% | -2.62% | 8.09% | 1.58% | |
| Avg | 1.14% | -0.56% | -0.96% | 1.54% | 2.70% | 1.78% | 3.33% | 1.51% | -0.74% | 2.27% | 4.64% | 0.03% |
ZSP.TO - Average growth of $100 invested at start of year
5 years of data
ZSP.TO Distribution of Daily Returns from 2021 to 2026
ZSP.TO Distribution of Daily % Changes