Seasonality
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Seasonality
Sign in to unlock 10Y & 20Y views
Nov is the seasonally strongest month over 5Y.
Nov averages +9.0% with a 83% win rate across 5 years of history.
Mar shows persistent seasonal weakness.
Mar averages -5.6% 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 +6.2% average return historically.
Q1 historically shows a slow seasonal start.
Q1 (Jan–Mar) averages -1.5% 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 +20.0% vs the historical average for the same point.
FCR-UN.TO - Average growth of $100 invested at start of year
5 years of data
Monthly Returns Heatmap
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.11% | 8.47% | -3.24% | 13.80% | 0.80% | -1.21% | -0.58% | -1.11% | 1.04% | 1.71% | ||
| 2025 | -1.57% | -0.09% | 0.21% | 4.04% | 4.35% | 2.68% | 2.83% | 4.44% | 2.61% | -4.48% | 4.81% | -3.39% |
| 2024 | 3.53% | -1.26% | 1.56% | -5.47% | -2.29% | 2.80% | 11.85% | 6.43% | 8.49% | -4.79% | 1.31% | -5.06% |
| 2023 | 7.21% | -0.21% | -11.41% | 1.61% | -5.83% | -1.44% | 1.24% | -6.25% | -2.67% | -1.39% | 7.85% | 10.17% |
| 2022 | -5.64% | 2.40% | -0.91% | -4.42% | -8.73% | -3.68% | 4.38% | -2.85% | 0.49% | 5.31% | 8.66% | -1.55% |
| 2021 | 9.05% | 5.60% | 6.41% | 7.62% | 1.05% | -1.25% | 3.05% | -0.24% | -2.69% | 1.23% | -0.71% | 7.86% |
| 2020 | -7.30% | -31.56% | 5.81% | -8.30% | 6.59% | -1.63% | 1.25% | -4.74% | -8.24% | 32.33% | -12.52% | |
| Avg | 2.95% | 1.09% | -5.56% | 3.28% | -2.71% | 0.64% | 3.02% | 0.24% | 0.36% | -2.06% | 9.04% | -0.75% |
FCR-UN.TO - Average returns for the respective month in the last 5 years
FCR-UN.TO Distribution of Daily Returns from 2021 to 2026
FCR-UN.TO Distribution of Daily % Changes