Seasonality
Sign in to unlock 10Y & 20Y views
Seasonality
Sign in to unlock 10Y & 20Y views
Aug is the seasonally strongest month over 5Y.
Aug averages +15.8% with a 71% win rate across 5 years of history.
Jan shows persistent seasonal weakness.
Jan averages -2.6% with only a 17% win rate across 5 years of history.
Q3 (Jul–Aug–Sep) is the seasonally strongest quarter.
The three months of Q3 combine for a +27.1% average return historically.
January Effect: Q1 historically opens the year positively.
Q1 (Jan–Mar) averages +11.1% historically, with January alone posting a 17% win rate.
2026 YTD is tracking below the 5Y seasonal average.
At day 204 of the year, the current YTD return is -35.8% 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 | -2.86% | 2.60% | 21.59% | -2.96% | -5.76% | -0.12% | 0.96% | -18.72% | -0.22% | -1.90% | ||
| 2025 | -5.10% | -10.82% | 5.20% | 6.04% | -7.54% | 0.32% | -3.91% | 32.20% | -2.89% | -4.33% | 2.91% | -1.12% |
| 2024 | 6.68% | 18.61% | 26.96% | -3.48% | 1.98% | -6.39% | 55.12% | 49.29% | -19.75% | -1.31% | 2.06% | -6.71% |
| 2023 | -10.68% | 10.79% | -13.16% | 3.03% | 13.82% | -7.75% | 4.20% | 6.45% | 7.32% | 2.59% | 44.72% | -12.20% |
| 2022 | -0.56% | 13.07% | 14.07% | -1.32% | 6.25% | -7.56% | -0.45% | 19.63% | 23.66% | -2.16% | 10.41% | 9.71% |
| 2021 | -3.23% | 2.22% | 40.22% | 0.78% | 3.08% | 11.94% | 2.00% | 39.22% | 3.76% | 14.48% | -29.25% | -1.12% |
| 2020 | -11.54% | -23.91% | 35.71% | 29.47% | -2.44% | 15.83% | -17.27% | -6.96% | -7.48% | -16.16% | 12.05% | |
| Avg | -2.62% | 3.56% | 10.14% | 5.40% | 5.90% | -1.72% | 10.54% | 15.83% | 0.70% | 0.30% | 2.45% | 0.10% |
CPH.TO - Average returns for the respective month in the last 5 years
CPH.TO Distribution of Daily Returns from 2021 to 2026
CPH.TO - Average growth of $100 invested at start of year
5 years of data
CPH.TO Distribution of Daily % Changes