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 | 5.57% | -2.52% | -5.85% | 9.94% | -2.62% | 6.47% | 0.82% | -10.16% | -3.23% | 2.40% | ||
| 2025 | 1.29% | 8.35% | 0.20% | -1.89% | 6.83% | 2.88% | 8.98% | 5.35% | -7.09% | -0.09% | -7.33% | -0.39% |
| 2024 | -0.04% | -9.28% | 4.59% | -2.19% | 2.75% | -2.20% | 7.89% | 10.07% | 9.09% | -7.20% | -5.61% | -10.71% |
| 2023 | 7.82% | 1.13% | -3.52% | -6.37% | -13.39% | 1.65% | 0.84% | 0.93% | -10.28% | -7.07% | 4.65% | 13.08% |
| 2022 | 3.53% | 0.39% | 1.24% | -1.76% | 10.05% | -10.89% | 8.71% | -5.69% | -17.64% | 8.20% | 11.36% | -1.92% |
| 2021 | -8.13% | 13.27% | 4.31% | 7.18% | 5.21% | 0.51% | 5.52% | -1.05% | -5.54% | 9.17% | -7.47% | 0.53% |
| 2020 | -8.81% | -53.67% | 11.70% | -1.07% | 1.13% | 3.51% | 0.82% | -3.57% | 6.44% | 38.81% | -5.78% | |
| Avg | 1.67% | 0.36% | -7.53% | 2.37% | 1.11% | -0.06% | 5.18% | 0.04% | -5.47% | 1.58% | 5.74% | -0.86% |
HR-UN.TO - Average growth of $100 invested at start of year
5 years of data
HR-UN.TO - Average returns for the respective month in the last 5 years
Nov is the seasonally strongest month over 5Y.
Nov averages +5.7% with a 50% win rate across 5 years of history.
Mar shows persistent seasonal weakness.
Mar averages -7.5% with only a 57% 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 -5.5% historically, with January alone posting a 67% win rate.
2026 YTD is tracking below the 5Y seasonal average.
At day 204 of the year, the current YTD return is -13.2% vs the historical average for the same point.
HR-UN.TO Distribution of Daily Returns from 2021 to 2026
HR-UN.TO Distribution of Daily % Changes