Seasonality
Sign in to unlock 10Y & 20Y views
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 | 17.40% | 14.18% | 3.18% | 4.44% | -6.56% | -4.71% | 12.00% | 9.13% | -6.64% | 13.38% | ||
| 2025 | 1.21% | -4.93% | 3.18% | -13.18% | 11.43% | 9.60% | 7.73% | -6.07% | 11.85% | -1.46% | 20.54% | 6.28% |
| 2024 | 0.96% | 8.24% | 13.77% | -2.48% | 2.01% | -3.66% | 0.83% | -6.29% | -6.11% | 8.37% | 0.29% | -2.45% |
| 2023 | 9.80% | -7.85% | 7.01% | -1.43% | 4.18% | -0.42% | 17.01% | -3.50% | 1.23% | 4.19% | -4.83% | -10.59% |
| 2022 | 37.86% | 1.27% | -7.79% | 0.00% | 10.41% | -26.09% | 14.79% | -3.54% | -12.19% | 37.26% | -10.25% | -7.05% |
| 2021 | 17.57% | 34.88% | 3.17% | 14.83% | -3.12% | 0.23% | -9.63% | -2.54% | 18.49% | 7.69% | -6.94% | 12.94% |
| 2020 | 4.80% | -23.66% | 25.00% | 0.00% | -1.60% | 1.63% | 10.40% | 1.45% | -8.57% | 47.66% | 26.45% | |
| Avg | 14.13% | 7.23% | -0.16% | 3.88% | 2.62% | -3.81% | 6.34% | -0.34% | 1.16% | 7.91% | 7.75% | 4.26% |
Jan is the seasonally strongest month over 5Y.
Jan averages +14.1% with a 100% win rate across 5 years of history.
Jun shows persistent seasonal weakness.
Jun averages -3.8% with only a 29% win rate across 5 years of history.
Q1 (Jan–Feb–Mar) is the seasonally strongest quarter.
The three months of Q1 combine for a +21.2% average return historically.
January Effect: Q1 historically opens the year positively.
Q1 (Jan–Mar) averages +21.2% historically, with January alone posting a 100% win rate.
2026 YTD is tracking above the 5Y seasonal average.
At day 204 of the year, the current YTD return is +37.7% vs the historical average for the same point.
HWX.TO - Average growth of $100 invested at start of year
5 years of data
HWX.TO - Average returns for the respective month in the last 5 years
HWX.TO Distribution of Daily Returns from 2021 to 2026
HWX.TO Distribution of Daily % Changes