Seasonality
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Seasonality
Sign in to unlock 10Y & 20Y views
BPF-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 +8.1% with a 83% win rate across 5 years of history.
Sep shows persistent seasonal weakness.
Sep averages -5.3% with only a 14% win rate across 5 years of history.
Q4 (Oct–Nov–Dec) is the seasonally strongest quarter.
The three months of Q4 combine for a +19.9% average return historically.
Q1 historically shows a slow seasonal start.
Q1 (Jan–Mar) averages -0.7% historically, with January alone posting a 50% win rate.
2026 YTD is tracking below the 5Y seasonal average.
At day 204 of the year, the current YTD return is -26.6% 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 | 3.54% | 9.58% | -3.99% | 2.02% | -1.76% | -2.69% | -4.48% | -5.39% | -5.01% | 0.67% | ||
| 2025 | -1.03% | 0.65% | -0.32% | 3.48% | 9.70% | 3.47% | -0.59% | 11.32% | -2.47% | -1.16% | 2.15% | 9.73% |
| 2024 | 0.85% | 1.77% | 1.36% | 0.72% | 1.10% | 2.05% | 4.40% | 2.61% | 4.51% | -0.63% | 1.29% | 2.00% |
| 2023 | 10.34% | -1.30% | -7.22% | 4.50% | 5.17% | 2.45% | 1.04% | -2.15% | -5.79% | -2.54% | 7.07% | -0.34% |
| 2022 | -0.19% | 5.28% | 9.34% | -6.26% | -0.19% | -7.93% | 3.68% | 4.01% | -3.06% | -0.33% | -0.45% | 2.70% |
| 2021 | -2.95% | 9.67% | 13.56% | 2.20% | 6.36% | 1.59% | 3.32% | -0.58% | -6.32% | 11.62% | 0.47% | 5.30% |
| 2020 | -5.96% | -49.58% | 23.90% | -13.39% | 11.91% | -13.81% | 0.74% | -19.12% | 34.44% | 38.27% | 10.01% | |
| Avg | 1.76% | 2.81% | -5.26% | 4.36% | 1.00% | 1.55% | -0.92% | 1.51% | -5.32% | 6.90% | 8.13% | 4.90% |
BPF-UN.TO - Average returns for the respective month in the last 5 years
BPF-UN.TO Distribution of Daily Returns from 2021 to 2026
BPF-UN.TO Distribution of Daily % Changes