Seasonality
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Seasonality
Sign in to unlock 10Y & 20Y views
BIP-UN.TO - Average returns for the respective month in the last 5 years
BIP-UN.TO - Average growth of $100 invested at start of year
5 years of data
Nov is the seasonally strongest month over 5Y.
Nov averages +7.0% with a 100% win rate across 5 years of history.
Oct shows persistent seasonal weakness.
Oct averages -4.1% with only a 50% win rate across 5 years of history.
Q3 (Jul–Aug–Sep) is the seasonally strongest quarter.
The three months of Q3 combine for a +4.4% average return historically.
January Effect: Q1 historically opens the year positively.
Q1 (Jan–Mar) averages +1.7% 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 +7.7% 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 | 3.31% | 8.86% | -5.69% | -3.01% | 11.72% | -3.93% | 13.17% | -9.70% | -3.49% | 2.25% | ||
| 2025 | 4.44% | -3.01% | -6.61% | -3.71% | 11.31% | 0.37% | -5.59% | 1.16% | 6.31% | 4.34% | 5.71% | -4.87% |
| 2024 | 0.69% | -7.09% | 9.42% | -12.62% | 7.65% | -4.57% | 16.10% | 0.56% | 9.20% | 0.51% | 4.58% | -7.70% |
| 2023 | 11.83% | -3.38% | 1.62% | 3.15% | 4.31% | -0.70% | -3.04% | -7.67% | -7.24% | -21.25% | 14.37% | 17.57% |
| 2022 | -2.68% | 1.11% | 10.05% | -3.10% | -5.21% | -2.29% | 3.74% | 8.79% | -10.15% | -0.32% | 2.88% | -16.87% |
| 2021 | 6.02% | -1.91% | 3.23% | -1.36% | -0.54% | 5.37% | -1.92% | 6.29% | 0.00% | 2.29% | 0.40% | 6.00% |
| 2020 | -4.93% | -17.05% | 7.16% | 3.17% | -0.25% | 0.21% | 2.27% | 11.80% | -10.22% | 14.06% | -2.42% | |
| Avg | 3.94% | -1.48% | -0.72% | -1.93% | 4.63% | -0.86% | 3.24% | 0.24% | 0.92% | -4.11% | 7.00% | -1.38% |
BIP-UN.TO Distribution of Daily Returns from 2021 to 2026
BIP-UN.TO Distribution of Daily % Changes