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 | -4.19% | -1.68% | -6.76% | 7.87% | -3.48% | -3.30% | -5.69% | -5.99% | -7.68% | -29.45% | ||
| 2025 | -12.97% | -17.58% | -2.05% | 3.26% | -11.54% | 16.73% | 2.02% | 4.41% | -3.12% | -3.53% | -1.95% | 2.31% |
| 2024 | 10.18% | 23.40% | 2.35% | -16.95% | 4.84% | 12.32% | 4.21% | -5.07% | 9.40% | 17.55% | 2.42% | -7.30% |
| 2023 | 8.18% | -7.67% | -8.51% | -4.01% | -11.75% | 1.57% | 1.24% | -4.86% | -6.64% | -17.08% | 8.62% | 25.31% |
| 2022 | -4.29% | 3.88% | 2.18% | -6.03% | 3.91% | -6.53% | -2.04% | 2.43% | -4.82% | -0.23% | 4.29% | -1.70% |
| 2021 | 2.06% | -1.83% | -4.85% | 9.43% | -2.03% | 3.82% | 1.84% | -3.94% | 0.29% | 1.53% | 0.31% | 0.38% |
| 2020 | -12.82% | -37.55% | 37.61% | 5.45% | 2.48% | 8.95% | 1.74% | -1.16% | -7.54% | 16.02% | -0.56% | |
| Avg | -0.17% | -2.04% | -7.88% | 4.45% | -2.09% | 3.87% | 1.50% | -1.61% | -1.96% | -1.55% | 4.95% | 3.07% |
Nov is the seasonally strongest month over 5Y.
Nov averages +5.0% with a 83% win rate across 5 years of history.
Mar shows persistent seasonal weakness.
Mar averages -7.9% 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 +6.5% average return historically.
Q1 historically shows a slow seasonal start.
Q1 (Jan–Mar) averages -10.1% historically, with January alone posting a 50% win rate.
2026 YTD is tracking below the 5Y seasonal average.
At day 204 of the year, the current YTD return is -51.4% vs the historical average for the same point.
FSZ.TO - Average returns for the respective month in the last 5 years
FSZ.TO Distribution of Daily Returns from 2021 to 2026
FSZ.TO Distribution of Daily % Changes
FSZ.TO - Average growth of $100 invested at start of year
5 years of data