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 | 9.62% | 14.73% | -27.32% | -1.50% | 32.44% | -8.36% | -8.80% | 48.62% | -3.94% | -16.18% | ||
| 2025 | 38.74% | -1.30% | 14.47% | 1.72% | 9.60% | 3.09% | 1.00% | 20.30% | 11.11% | -5.19% | 1.95% | 11.49% |
| 2024 | -6.67% | -21.43% | 24.24% | 12.20% | 15.94% | -16.25% | 14.93% | -22.73% | 7.56% | 25.00% | -18.75% | -14.62% |
| 2023 | 2.77% | -5.83% | -0.48% | -15.31% | -1.69% | -12.64% | -1.97% | -0.67% | -18.24% | 5.79% | 12.50% | -6.25% |
| 2022 | -10.89% | 11.11% | -2.33% | -13.65% | -9.88% | -10.09% | 4.39% | -16.36% | -11.73% | -4.43% | 29.80% | 10.71% |
| 2021 | 11.16% | -11.58% | 2.62% | 10.21% | 8.11% | 10.00% | -3.57% | 4.38% | -10.65% | 24.19% | -5.23% | -7.06% |
| 2020 | -31.76% | -6.90% | 27.78% | 28.99% | 12.36% | 57.00% | 6.37% | -8.38% | -3.92% | 0.68% | 57.43% | |
| Avg | 7.45% | -6.58% | 0.62% | 3.06% | 11.93% | -3.13% | 9.00% | 5.70% | -4.90% | 6.91% | 3.49% | 8.62% |
GGD.TO - Average returns for the respective month in the last 5 years
May is the seasonally strongest month over 5Y.
May averages +11.9% with a 71% win rate across 5 years of history.
Feb shows persistent seasonal weakness.
Feb averages -6.6% 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 +19.0% average return historically.
January Effect: Q1 historically opens the year positively.
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 205 of the year, the current YTD return is +14.3% vs the historical average for the same point.
GGD.TO - Average growth of $100 invested at start of year
5 years of data
GGD.TO Distribution of Daily Returns from 2021 to 2026
GGD.TO Distribution of Daily % Changes