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 | -7.95% | -14.37% | 1.94% | -12.58% | 8.51% | -4.79% | 11.93% | 1.87% | -7.29% | 18.67% | ||
| 2025 | 8.93% | -12.39% | -4.21% | 1.75% | 1.02% | -3.06% | -6.59% | -0.05% | -7.05% | -1.53% | 2.12% | 1.86% |
| 2024 | 6.07% | 3.49% | -4.09% | -6.66% | -3.51% | 1.46% | 15.29% | -3.56% | 2.50% | -0.89% | 2.85% | -0.76% |
| 2023 | -2.29% | 7.28% | 6.47% | 5.57% | 2.25% | -0.64% | -4.08% | 5.15% | -4.98% | 0.00% | 3.06% | 2.88% |
| 2022 | -2.97% | -4.25% | -4.17% | 2.86% | 5.50% | -5.12% | 7.08% | -5.28% | -0.01% | 5.53% | 7.02% | -0.62% |
| 2021 | 1.50% | -7.32% | 10.19% | 3.89% | -1.31% | 4.72% | 0.98% | -0.64% | -4.58% | 2.76% | -3.47% | 4.81% |
| 2020 | -6.93% | -19.21% | 16.51% | -0.89% | -2.78% | 11.86% | -4.23% | -1.35% | -8.53% | 16.02% | 5.30% | |
| Avg | 0.55% | -4.93% | -1.87% | 1.62% | 1.65% | -1.46% | 5.21% | -0.96% | -3.25% | -0.44% | 4.60% | 2.24% |
Jul is the seasonally strongest month over 5Y.
Jul averages +5.2% with a 71% win rate across 5 years of history.
Feb shows persistent seasonal weakness.
Feb averages -4.9% 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 +6.4% average return historically.
Q1 historically shows a slow seasonal start.
Q1 (Jan–Mar) averages -6.2% 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 -12.4% vs the historical average for the same point.
GIB-A.TO - Average returns for the respective month in the last 5 years
GIB-A.TO - Average growth of $100 invested at start of year
5 years of data
GIB-A.TO Distribution of Daily Returns from 2021 to 2026
GIB-A.TO Distribution of Daily % Changes