Seasonality
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Seasonality
Sign in to unlock 10Y & 20Y views
Nov is the seasonally strongest month over 5Y.
Nov averages +35.0% with a 83% win rate across 5 years of history.
Mar shows persistent seasonal weakness.
Mar averages -5.7% with only a 43% win rate across 5 years of history.
Q4 (Oct–Nov–Dec) is the seasonally strongest quarter.
The three months of Q4 combine for a +45.4% average return historically.
Q1 historically shows a slow seasonal start.
Q1 (Jan–Mar) averages -3.5% historically, with January alone posting a 67% win rate.
2026 YTD is tracking below the 5Y seasonal average.
At day 204 of the year, the current YTD return is -14.9% 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 | -7.34% | -6.62% | 11.44% | 1.57% | -12.37% | 6.75% | -2.66% | 4.10% | -1.87% | -8.41% | ||
| 2025 | 4.49% | -0.25% | -5.99% | 4.40% | 16.98% | -4.32% | -0.79% | 1.25% | 20.77% | 2.80% | -12.73% | 4.08% |
| 2024 | 3.57% | -2.74% | 7.53% | 0.00% | 27.02% | -4.76% | 0.00% | 7.21% | 7.57% | 26.94% | 37.28% | 9.09% |
| 2023 | 0.00% | -2.21% | -7.42% | -8.36% | -14.09% | -5.83% | 6.67% | -6.64% | 0.00% | -7.77% | 30.40% | 14.29% |
| 2022 | 2.67% | -0.26% | -2.34% | -5.87% | -5.93% | 3.34% | -11.76% | 7.68% | -13.75% | -16.67% | 69.66% | -17.31% |
| 2021 | 12.38% | 4.35% | 7.78% | 9.54% | -10.59% | 4.74% | -9.55% | -6.94% | -1.79% | -11.25% | 25.00% | 2.74% |
| 2020 | 4.52% | -50.62% | -25.00% | 90.00% | 0.88% | -17.39% | 36.84% | -6.15% | 53.28% | 60.43% | 2.33% | |
| Avg | 2.63% | -0.46% | -5.66% | -3.39% | 13.00% | 0.11% | -5.07% | 6.21% | 0.68% | 7.89% | 35.01% | 2.54% |
DLCG.TO - Average growth of $100 invested at start of year
5 years of data
DLCG.TO - Average returns for the respective month in the last 5 years
DLCG.TO Distribution of Daily Returns from 2021 to 2026
DLCG.TO Distribution of Daily % Changes