Seasonality
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Seasonality
Sign in to unlock 10Y & 20Y views
D-UN.TO - Average growth of $100 invested at start of year
5 years of data
Monthly Returns Heatmap
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.64% | -7.81% | -8.55% | 8.69% | 2.37% | 4.01% | 2.91% | 0.56% | -6.68% | -7.27% | ||
| 2025 | 4.05% | -2.74% | -0.20% | -13.49% | 3.29% | 3.96% | 3.10% | 2.48% | 16.70% | -6.80% | -5.05% | 5.55% |
| 2024 | 4.22% | -30.46% | 8.90% | 16.82% | -3.15% | -0.25% | 3.99% | 4.40% | 17.03% | -5.81% | -9.56% | -6.44% |
| 2023 | 10.05% | -0.10% | -10.40% | -7.89% | 9.63% | -31.61% | 6.12% | -4.40% | -24.98% | -20.38% | 16.62% | 20.35% |
| 2022 | 0.06% | 6.61% | 6.86% | -6.48% | -10.22% | -16.48% | 5.76% | -10.27% | -10.53% | -4.97% | 0.87% | -3.07% |
| 2021 | -2.72% | 4.18% | 6.43% | 0.16% | 3.76% | 5.32% | -2.51% | 4.76% | -1.10% | 1.80% | -7.11% | 14.17% |
| 2020 | 2.12% | -29.46% | -6.68% | -9.56% | 5.13% | -3.74% | -2.89% | -4.44% | -3.17% | 20.86% | -5.86% | |
| Avg | 3.22% | -4.03% | -3.77% | -1.27% | -0.56% | -4.27% | 2.23% | -0.76% | -2.00% | -6.55% | 2.77% | 4.12% |
Dec is the seasonally strongest month over 5Y.
Dec averages +4.1% with a 50% win rate across 5 years of history.
Oct shows persistent seasonal weakness.
Oct averages -6.6% with only a 17% win rate across 5 years of history.
Q4 (Oct–Nov–Dec) is the seasonally strongest quarter.
The three months of Q4 combine for a +0.3% average return historically.
Q1 historically shows a slow seasonal start.
Q1 (Jan–Mar) averages -4.6% historically, with January alone posting a 83% win rate.
2026 YTD is tracking below the 5Y seasonal average.
At day 204 of the year, the current YTD return is -2.4% vs the historical average for the same point.
D-UN.TO - Average returns for the respective month in the last 5 years
D-UN.TO Distribution of Daily Returns from 2021 to 2026
D-UN.TO Distribution of Daily % Changes