Seasonality
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Seasonality
Sign in to unlock 10Y & 20Y views
Nov is the seasonally strongest month over 5Y.
Nov averages +16.8% with a 83% win rate across 5 years of history.
Sep shows persistent seasonal weakness.
Sep averages -7.3% with only a 29% win rate across 5 years of history.
Q4 (Oct–Nov–Dec) is the seasonally strongest quarter.
The three months of Q4 combine for a +33.2% average return historically.
January Effect: Q1 historically opens the year positively.
Q1 (Jan–Mar) averages +16.8% historically, with January alone posting a 33% win rate.
2026 YTD is tracking below the 5Y seasonal average.
At day 204 of the year, the current YTD return is -28.3% vs the historical average for the same point.
DSV.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 | 14.32% | 17.64% | -20.67% | -6.26% | 2.51% | -1.28% | 3.18% | 41.03% | -0.49% | -18.00% | ||
| 2025 | 116.90% | 2.60% | 34.18% | 30.19% | 18.12% | -8.59% | 8.39% | 35.29% | 18.08% | 13.57% | 31.74% | 8.55% |
| 2024 | -18.42% | -1.61% | 16.39% | 21.13% | 25.58% | -18.52% | 11.36% | -38.78% | 15.00% | 37.68% | -8.42% | -18.39% |
| 2023 | -2.92% | -12.03% | 11.97% | -19.08% | -6.60% | -17.17% | 0.00% | 3.66% | -20.00% | -7.35% | 41.27% | -14.61% |
| 2022 | -15.87% | 2.86% | 1.67% | -16.94% | -12.50% | -13.53% | 3.48% | -10.08% | -12.15% | 8.51% | 16.67% | 15.13% |
| 2021 | -5.61% | 25.95% | -5.58% | 0.91% | 13.51% | -15.87% | -10.85% | -7.94% | -29.31% | 43.90% | 6.78% | 10.05% |
| 2020 | -29.41% | -29.17% | 35.29% | 60.87% | 41.89% | 66.67% | 29.14% | -22.12% | -15.91% | 12.84% | 17.37% | |
| Avg | 14.73% | 0.86% | 1.25% | 6.46% | 14.50% | -4.72% | 11.75% | 7.48% | -7.28% | 13.40% | 16.81% | 3.02% |
DSV.TO - Average growth of $100 invested at start of year
5 years of data
DSV.TO Distribution of Daily Returns from 2021 to 2026
DSV.TO Distribution of Daily % Changes