Seasonality
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Seasonality
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ETG.TO - Average returns for the respective month in the last 5 years
Jan is the seasonally strongest month over 5Y.
Jan averages +10.3% with a 83% win rate across 5 years of history.
Oct shows persistent seasonal weakness.
Oct averages -2.1% with only a 33% win rate across 5 years of history.
Q1 (Jan–Feb–Mar) is the seasonally strongest quarter.
The three months of Q1 combine for a +12.6% average return historically.
January Effect: Q1 historically opens the year positively.
Q1 (Jan–Mar) averages +12.6% 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 +7.4% 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 | 33.01% | 0.72% | -17.50% | 2.16% | 5.08% | 24.19% | -21.43% | -1.65% | 15.13% | -5.11% | ||
| 2025 | 5.35% | -3.13% | -15.32% | 4.29% | 4.11% | -10.09% | 11.71% | -4.80% | 1.38% | 12.67% | -4.02% | -12.55% |
| 2024 | 3.36% | 1.63% | 20.80% | 3.97% | -5.10% | -1.34% | 0.00% | 2.04% | 44.67% | -14.75% | 7.03% | 22.73% |
| 2023 | 24.35% | -10.49% | 0.78% | 5.43% | -12.50% | -3.36% | 16.52% | 0.75% | -5.19% | -0.78% | -4.72% | -1.65% |
| 2022 | 6.17% | 4.65% | 24.44% | -10.71% | -12.00% | -4.55% | -4.76% | 2.50% | 9.76% | 0.00% | 24.44% | 2.68% |
| 2021 | -10.71% | 36.00% | 10.29% | 9.33% | 3.66% | 12.94% | -2.08% | -10.64% | 19.05% | -17.00% | -3.61% | 1.25% |
| 2020 | -17.95% | -18.75% | 15.38% | 40.00% | -4.76% | 7.50% | 20.93% | -19.23% | 7.14% | 6.67% | 16.67% | |
| Avg | 10.26% | 1.63% | 0.68% | 4.26% | 3.32% | 1.86% | 1.06% | 1.30% | 9.37% | -2.12% | 4.30% | 4.85% |
ETG.TO - Average growth of $100 invested at start of year
5 years of data
ETG.TO Distribution of Daily Returns from 2021 to 2026
ETG.TO Distribution of Daily % Changes