Seasonality
Sign in to unlock 10Y & 20Y views
Seasonality
Sign in to unlock 10Y & 20Y views
Monthly Returns Heatmap
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 6.64% | -0.17% | -2.54% | 7.71% | -0.23% | -0.12% | -0.29% | 2.37% | 1.44% | 11.99% | ||
| 2025 | 5.72% | 11.94% | -9.97% | 6.22% | 22.76% | -2.46% | -9.04% | 5.17% | 4.98% | 0.49% | 3.38% | -2.98% |
| 2024 | -1.74% | 0.49% | 5.59% | 1.01% | 10.34% | -2.98% | 10.61% | 14.23% | -6.49% | 0.38% | 12.17% | -9.91% |
| 2023 | 3.28% | 0.02% | -1.27% | 0.92% | -2.78% | 4.42% | 0.60% | 0.00% | -4.00% | -4.53% | 18.14% | 4.68% |
| 2022 | 0.61% | 0.00% | -0.49% | -1.25% | -4.36% | -1.44% | -1.77% | 17.75% | -9.80% | 3.22% | 0.23% | 1.64% |
| 2021 | 5.62% | 0.50% | 14.07% | 1.62% | 3.19% | -2.83% | -1.91% | -1.74% | 12.68% | -3.21% | -0.55% | 1.33% |
| 2020 | -4.55% | -19.66% | 15.13% | -1.37% | -0.40% | 0.00% | -0.74% | -1.61% | 0.01% | 7.14% | 8.69% | |
| Avg | 3.35% | 1.17% | -2.04% | 4.48% | 3.94% | -0.83% | -0.26% | 5.29% | -0.40% | -0.60% | 6.75% | 0.57% |
Nov is the seasonally strongest month over 5Y.
Nov averages +6.8% with a 83% win rate across 5 years of history.
Mar shows persistent seasonal weakness.
Mar averages -2.0% with only a 29% win rate across 5 years of history.
Q2 (Apr–May–Jun) is the seasonally strongest quarter.
The three months of Q2 combine for a +7.6% average return historically.
January Effect: Q1 historically opens the year positively.
Q1 (Jan–Mar) averages +2.5% historically, with January alone posting a 83% win rate.
2026 YTD is tracking above the 5Y seasonal average.
At day 205 of the year, the current YTD return is +15.2% vs the historical average for the same point.
ELF.TO - Average returns for the respective month in the last 5 years
ELF.TO - Average growth of $100 invested at start of year
5 years of data
ELF.TO Distribution of Daily Returns from 2021 to 2026
ELF.TO Distribution of Daily % Changes