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 | 5.88% | 10.23% | -5.81% | -7.49% | 5.01% | -6.53% | -4.44% | -3.64% | -11.87% | -5.60% | ||
| 2025 | -8.08% | 10.74% | 7.59% | 2.52% | 2.29% | 2.50% | -11.63% | 2.99% | 0.32% | -3.04% | 11.33% | -0.37% |
| 2024 | 5.82% | -3.74% | -0.92% | -8.34% | -7.56% | 1.58% | 15.35% | -1.43% | 10.92% | 1.64% | 2.52% | -3.96% |
| 2023 | -5.51% | 2.01% | 0.55% | -3.96% | -6.95% | 4.12% | -5.29% | -4.18% | -1.46% | -4.32% | 1.21% | 22.13% |
| 2022 | 1.69% | -4.27% | -1.73% | 0.00% | 1.90% | -12.44% | 0.90% | -7.43% | -12.78% | 5.30% | 4.76% | 5.95% |
| 2021 | 12.85% | 1.53% | 3.82% | 0.17% | -3.44% | 3.09% | -2.72% | -1.83% | -1.19% | -8.67% | -2.31% | 1.73% |
| 2020 | -0.63% | -5.71% | -0.67% | 0.55% | -6.10% | 1.20% | -3.78% | 12.27% | -9.51% | 0.53% | 3.05% | |
| Avg | 2.11% | 2.27% | -0.32% | -2.54% | -1.17% | -1.97% | -0.95% | -2.76% | -0.54% | -3.10% | 3.01% | 4.76% |
CGO.TO - Average growth of $100 invested at start of year
5 years of data
Dec is the seasonally strongest month over 5Y.
Dec averages +4.8% with a 67% win rate across 5 years of history.
Oct shows persistent seasonal weakness.
Oct averages -3.1% with only a 33% win rate across 5 years of history.
Q4 (Oct–Nov–Dec) is the seasonally strongest quarter.
The three months of Q4 combine for a +4.7% average return historically.
January Effect: Q1 historically opens the year positively.
Q1 (Jan–Mar) averages +4.1% historically, with January alone posting a 67% win rate.
2026 YTD is tracking below the 5Y seasonal average.
At day 204 of the year, the current YTD return is -22.0% vs the historical average for the same point.
CGO.TO - Average returns for the respective month in the last 5 years
CGO.TO Distribution of Daily Returns from 2021 to 2026
CGO.TO Distribution of Daily % Changes