Seasonality
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Seasonality
Sign in to unlock 10Y & 20Y views
Monthly Returns Heatmap
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -4.70% | -14.18% | -64.40% | -11.04% | 18.23% | 8.18% | 9.47% | -11.23% | 2.70% | 1.64% | ||
| 2025 | 6.13% | -6.99% | -7.40% | 3.13% | -3.97% | 13.31% | 9.01% | 16.42% | -17.94% | -2.72% | -16.99% | -5.16% |
| 2024 | -3.13% | 8.73% | -3.55% | 10.45% | 3.69% | 8.64% | 3.08% | -6.65% | -3.97% | -2.11% | -1.75% | -3.53% |
| 2023 | 16.56% | 1.34% | -23.27% | -2.83% | 15.13% | 4.43% | 15.04% | -0.75% | -14.77% | 3.16% | 21.16% | 19.31% |
| 2022 | -17.79% | 1.91% | -5.97% | -17.80% | 0.82% | -14.83% | 14.13% | 7.06% | -9.53% | 2.80% | 8.31% | -10.29% |
| 2021 | -3.34% | 32.83% | 1.38% | 16.23% | 1.90% | 7.50% | 7.80% | 14.49% | 3.56% | -4.04% | -10.39% | 3.53% |
| 2020 | -6.66% | -41.16% | 22.18% | 21.37% | 2.15% | 2.76% | 15.57% | 1.49% | 5.49% | 23.16% | 14.26% | |
| Avg | -1.04% | 2.42% | -20.62% | 2.90% | 8.17% | 4.20% | 8.75% | 4.99% | -5.50% | 0.43% | 3.92% | 3.02% |
GSY.TO - Average returns for the respective month in the last 5 years
Jul is the seasonally strongest month over 5Y.
Jul averages +8.8% with a 100% win rate across 5 years of history.
Mar shows persistent seasonal weakness.
Mar averages -20.6% with only a 14% win rate across 5 years of history.
Q2 (Apr–May–Jun) is the seasonally strongest quarter.
The three months of Q2 combine for a +15.3% average return historically.
Q1 historically shows a slow seasonal start.
Q1 (Jan–Mar) averages -19.2% historically, with January alone posting a 33% win rate.
2026 YTD is tracking below the 5Y seasonal average.
At day 204 of the year, the current YTD return is -86.0% vs the historical average for the same point.
GSY.TO - Average growth of $100 invested at start of year
5 years of data
GSY.TO Distribution of Daily Returns from 2021 to 2026
GSY.TO Distribution of Daily % Changes