Seasonality
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Seasonality
Sign in to unlock 10Y & 20Y views
CIGI.TO - Average returns for the respective month in the last 5 years
Jul is the seasonally strongest month over 5Y.
Jul averages +9.6% with a 86% win rate across 5 years of history.
Mar shows persistent seasonal weakness.
Mar averages -10.1% with only a 14% win rate across 5 years of history.
Q3 (Jul–Aug–Sep) is the seasonally strongest quarter.
The three months of Q3 combine for a +10.8% average return historically.
Q1 historically shows a slow seasonal start.
Q1 (Jan–Mar) averages -9.2% historically, with January alone posting a 33% win rate.
2026 YTD is tracking below the 5Y seasonal average.
At day 204 of the year, the current YTD return is -43.3% 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 | -7.77% | -13.04% | -8.07% | -4.53% | -8.37% | 2.46% | 3.57% | 1.02% | -8.39% | 2.00% | ||
| 2025 | 5.79% | -10.05% | -6.37% | -5.36% | 0.44% | 7.75% | 17.28% | 8.52% | -4.01% | 2.80% | -9.47% | -0.30% |
| 2024 | -5.84% | 0.07% | 4.84% | -13.41% | 6.61% | 0.10% | 21.80% | 4.50% | 5.55% | 3.70% | 0.85% | -8.83% |
| 2023 | 14.75% | 10.89% | -9.88% | 1.02% | -12.24% | 2.98% | 2.70% | 16.93% | -17.14% | -2.81% | 12.32% | 18.83% |
| 2022 | -1.56% | -6.14% | -6.38% | -12.94% | 8.52% | -8.25% | 13.39% | -4.33% | -17.26% | 1.00% | -0.66% | -1.91% |
| 2021 | -0.48% | 16.98% | -6.37% | 7.74% | -0.41% | 4.82% | 15.31% | 9.76% | -7.72% | 10.74% | -3.94% | 9.34% |
| 2020 | 1.40% | -38.13% | 13.47% | -6.91% | 9.65% | -7.00% | 14.16% | 7.21% | 6.42% | 22.76% | -2.16% | |
| Avg | 0.82% | 0.01% | -10.05% | -2.00% | -1.77% | 2.78% | 9.58% | 7.22% | -5.97% | 3.64% | 3.64% | 2.50% |
CIGI.TO - Average growth of $100 invested at start of year
5 years of data
CIGI.TO Distribution of Daily Returns from 2021 to 2026
CIGI.TO Distribution of Daily % Changes