Seasonality
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Seasonality
Sign in to unlock 10Y & 20Y views
Aug is the seasonally strongest month over 5Y.
Aug averages +12.5% with a 86% win rate across 5 years of history.
Jan shows persistent seasonal weakness.
Jan averages -8.6% 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 +15.8% average return historically.
Q1 historically shows a slow seasonal start.
Q1 (Jan–Mar) averages -17.0% historically, with January alone posting a 17% win rate.
2026 YTD is tracking above the 5Y seasonal average.
At day 204 of the year, the current YTD return is +56.8% 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 | -12.66% | -11.53% | 3.48% | 6.52% | -4.62% | 2.42% | 14.15% | 26.86% | -10.40% | 30.77% | ||
| 2025 | -5.68% | -23.68% | -10.80% | 4.32% | -13.15% | 5.25% | 6.44% | 1.86% | -11.26% | -7.43% | -16.59% | 3.99% |
| 2024 | -7.74% | 25.47% | -10.61% | -7.07% | -23.82% | 12.69% | 4.33% | 5.04% | 3.07% | 6.27% | 9.97% | -7.57% |
| 2023 | 13.72% | -5.72% | 14.70% | -4.40% | -11.63% | 12.82% | -3.24% | 16.34% | -6.69% | -0.64% | 10.43% | 5.87% |
| 2022 | -15.35% | -7.21% | -3.06% | -14.87% | -21.52% | -14.36% | 9.63% | -2.57% | -5.55% | 6.19% | 8.86% | 3.76% |
| 2021 | -23.87% | -11.68% | -2.95% | 20.76% | -2.61% | 15.51% | 13.14% | 27.71% | -12.75% | 0.16% | -1.33% | -7.15% |
| 2020 | 1.53% | -16.67% | 14.87% | 63.23% | 38.54% | 22.29% | 12.39% | 0.08% | 7.86% | 26.81% | 22.25% | |
| Avg | -8.60% | -4.69% | -3.70% | 2.88% | -2.02% | 10.41% | 9.53% | 12.52% | -6.21% | 2.07% | 6.36% | 3.52% |
DCBO.TO - Average growth of $100 invested at start of year
5 years of data
DCBO.TO - Average returns for the respective month in the last 5 years
DCBO.TO Distribution of Daily Returns from 2021 to 2026
DCBO.TO Distribution of Daily % Changes