Seasonality
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Seasonality
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Monthly Returns Heatmap
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 12.03% | 19.61% | -9.50% | -9.02% | 1.91% | -7.14% | 0.78% | 22.25% | -6.92% | -5.44% | ||
| 2025 | 16.96% | 4.53% | 9.88% | 4.67% | -2.42% | -3.06% | -1.27% | 17.27% | 19.91% | -15.42% | 11.51% | -2.43% |
| 2024 | -0.89% | -2.32% | 13.95% | 2.68% | 1.19% | -2.98% | 9.69% | -7.51% | 2.38% | 10.03% | -7.24% | -1.18% |
| 2023 | 5.74% | -10.76% | 13.46% | 4.29% | -4.04% | -4.07% | 1.91% | 1.16% | -6.62% | -6.97% | -9.91% | -3.12% |
| 2022 | -3.93% | 11.06% | 6.80% | -2.34% | -7.90% | -5.15% | -3.16% | -3.70% | 4.77% | 2.02% | 16.73% | -5.85% |
| 2021 | -4.56% | -10.55% | 15.85% | 8.72% | 4.19% | 1.03% | 10.93% | -7.77% | -10.40% | 7.32% | -0.80% | 0.09% |
| 2020 | -4.21% | -2.20% | 30.97% | 4.94% | -1.67% | 12.89% | -8.37% | -4.98% | -2.41% | -4.80% | -7.49% | |
| Avg | 4.23% | 1.05% | 6.89% | 5.71% | -0.31% | -3.29% | 4.54% | 1.90% | -0.27% | -0.91% | 0.92% | -3.33% |
Mar is the seasonally strongest month over 5Y.
Mar averages +6.9% with a 71% win rate across 5 years of history.
Dec shows persistent seasonal weakness.
Dec averages -3.3% with only a 17% win rate across 5 years of history.
Q1 (Jan–Feb–Mar) is the seasonally strongest quarter.
The three months of Q1 combine for a +12.2% average return historically.
January Effect: Q1 historically opens the year positively.
Q1 (Jan–Mar) averages +12.2% historically, with January alone posting a 50% win rate.
2026 YTD is tracking above the 5Y seasonal average.
At day 204 of the year, the current YTD return is +2.6% vs the historical average for the same point.
FNV.TO - Average growth of $100 invested at start of year
5 years of data
FNV.TO - Average returns for the respective month in the last 5 years
FNV.TO Distribution of Daily Returns from 2021 to 2026
FNV.TO Distribution of Daily % Changes