Seasonality
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Seasonality
Sign in to unlock 10Y & 20Y views
Jan is the seasonally strongest month over 5Y.
Jan averages +7.4% with a 67% win rate across 5 years of history.
Jun shows persistent seasonal weakness.
Jun averages -1.9% with only a 29% win rate across 5 years of history.
Q3 (Jul–Aug–Sep) is the seasonally strongest quarter.
The three months of Q3 combine for a +14.5% average return historically.
January Effect: Q1 historically opens the year positively.
Q1 (Jan–Mar) averages +12.4% historically, with January alone posting a 67% win rate.
2026 YTD is tracking above the 5Y seasonal average.
At day 204 of the year, the current YTD return is +9.6% vs the historical average for the same point.
DPM.TO - Average returns for the respective month in the last 5 years
Monthly Returns Heatmap
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 12.00% | 24.31% | -16.97% | -6.88% | 1.51% | -0.39% | 6.99% | 27.29% | 0.12% | -10.73% | ||
| 2025 | 12.96% | 15.14% | 12.84% | -5.29% | 17.04% | 3.72% | 2.38% | 13.66% | 21.39% | -2.76% | 30.00% | 8.91% |
| 2024 | 1.53% | 6.62% | 12.80% | 1.17% | 7.97% | -4.31% | 8.96% | 12.51% | 4.74% | 3.36% | -7.34% | -0.17% |
| 2023 | 33.49% | 0.81% | 13.17% | 0.81% | -5.94% | -5.84% | 4.80% | -4.91% | -3.03% | 8.21% | 10.23% | -14.86% |
| 2022 | -4.48% | 0.40% | 0.13% | -0.27% | 0.67% | -13.76% | -3.43% | -3.39% | 3.72% | 0.65% | 2.75% | 3.37% |
| 2021 | -11.15% | -2.71% | -2.55% | 15.38% | -2.71% | -12.34% | 0.53% | 2.91% | -1.46% | 6.82% | -0.12% | -3.33% |
| 2020 | -14.08% | -14.90% | 46.17% | 15.41% | 19.73% | 12.98% | -6.53% | 1.36% | -7.34% | -3.85% | 8.10% | |
| Avg | 7.39% | 4.36% | 0.65% | 7.30% | 4.85% | -1.89% | 4.74% | 5.93% | 3.84% | 1.49% | 5.28% | 0.34% |
DPM.TO - Average growth of $100 invested at start of year
5 years of data
DPM.TO Distribution of Daily Returns from 2021 to 2026
DPM.TO Distribution of Daily % Changes