Seasonality
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Seasonality
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Apr is the seasonally strongest month over 5Y.
Apr averages +13.0% with a 57% win rate across 5 years of history.
Dec shows persistent seasonal weakness.
Dec averages -5.4% with only a 0% win rate across 5 years of history.
Q2 (Apr–May–Jun) is the seasonally strongest quarter.
The three months of Q2 combine for a +17.8% average return historically.
January Effect: Q1 historically opens the year positively.
Q1 (Jan–Mar) averages +2.8% historically, with January alone posting a 50% win rate.
2026 YTD is tracking below the 5Y seasonal average.
At day 204 of the year, the current YTD return is -37.0% 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 | 13.68% | 11.34% | -18.30% | 6.11% | 1.92% | -20.24% | -2.06% | 57.53% | -7.84% | -25.31% | ||
| 2025 | 27.27% | 8.24% | 14.21% | -7.11% | 11.00% | 15.52% | 5.22% | 16.67% | 31.00% | -21.81% | 14.54% | -1.55% |
| 2024 | -6.52% | -5.81% | 18.52% | 42.71% | 0.00% | -10.22% | 11.38% | 2.92% | 12.06% | 10.76% | -9.14% | -10.06% |
| 2023 | -1.41% | -4.29% | -7.46% | -1.61% | 7.38% | -0.76% | -1.54% | -2.34% | -5.60% | -11.02% | -6.67% | -6.12% |
| 2022 | 9.15% | -5.81% | 0.68% | -4.76% | 5.71% | -7.43% | 0.00% | -8.76% | 0.80% | -2.38% | 26.02% | -8.39% |
| 2021 | -10.07% | 7.20% | 7.46% | 1.39% | 2.05% | 5.37% | 8.92% | -5.26% | -7.41% | -1.33% | 0.00% | -4.05% |
| 2020 | -5.83% | -38.05% | 54.29% | 10.19% | 13.45% | 3.70% | 6.43% | -7.38% | 2.90% | 0.00% | -2.11% | |
| Avg | 5.35% | 0.72% | -3.28% | 13.00% | 5.46% | -0.62% | 3.66% | 9.60% | 2.23% | -3.81% | 4.12% | -5.38% |
DC-A.TO - Average returns for the respective month in the last 5 years
DC-A.TO - Average growth of $100 invested at start of year
5 years of data
DC-A.TO Distribution of Daily Returns from 2021 to 2026
DC-A.TO Distribution of Daily % Changes