Seasonality
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Seasonality
Sign in to unlock 10Y & 20Y views
Monthly Returns Heatmap
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 15.44% | 25.69% | -13.47% | -4.45% | 3.28% | -7.60% | 7.16% | 32.10% | -2.30% | -8.73% | ||
| 2025 | 11.12% | -8.80% | 11.09% | 1.10% | 6.85% | 0.20% | -3.87% | 19.71% | 33.01% | 10.19% | 13.18% | 6.70% |
| 2024 | -10.37% | -3.95% | 18.56% | 4.75% | 12.62% | -1.81% | 0.65% | 3.89% | 1.68% | 1.34% | -13.42% | -3.20% |
| 2023 | 21.83% | 0.94% | 2.14% | 4.93% | -9.79% | -2.93% | 6.55% | -3.31% | -18.13% | 6.17% | 18.98% | -4.81% |
| 2022 | 5.23% | 20.47% | -0.03% | -3.25% | -16.43% | -11.55% | -8.71% | -24.47% | 2.18% | 4.11% | 14.76% | -2.50% |
| 2021 | -10.11% | -6.79% | -9.60% | 1.98% | -13.29% | -3.78% | 6.59% | -5.28% | -8.27% | 7.28% | 1.97% | 3.72% |
| 2020 | -20.00% | -1.30% | 33.57% | 25.88% | 8.45% | 10.89% | 1.44% | -8.83% | -24.85% | 9.39% | 16.25% | |
| Avg | 5.52% | 1.08% | 1.06% | 5.52% | 1.30% | -2.72% | 2.75% | 3.44% | -0.09% | 0.71% | 7.48% | 2.69% |
CG.TO - Average returns for the respective month in the last 5 years
CG.TO - Average growth of $100 invested at start of year
5 years of data
Nov is the seasonally strongest month over 5Y.
Nov averages +7.5% with a 83% win rate across 5 years of history.
Jun shows persistent seasonal weakness.
Jun averages -2.7% with only a 29% win rate across 5 years of history.
Q4 (Oct–Nov–Dec) is the seasonally strongest quarter.
The three months of Q4 combine for a +10.9% average return historically.
January Effect: Q1 historically opens the year positively.
Q1 (Jan–Mar) averages +7.7% 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 +48.6% vs the historical average for the same point.
CG.TO Distribution of Daily Returns from 2021 to 2026
CG.TO Distribution of Daily % Changes