Seasonality
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Seasonality
Sign in to unlock 10Y & 20Y views
Nov is the seasonally strongest month over 5Y.
Nov averages +8.4% with a 83% win rate across 5 years of history.
Mar shows persistent seasonal weakness.
Mar averages -4.4% with only a 43% win rate across 5 years of history.
Q4 (Oct–Nov–Dec) is the seasonally strongest quarter.
The three months of Q4 combine for a +12.7% average return historically.
Q1 historically shows a slow seasonal start.
Q1 (Jan–Mar) averages -2.2% historically, with January alone posting a 83% win rate.
2026 YTD is tracking above the 5Y seasonal average.
At day 204 of the year, the current YTD return is +10.2% vs the historical average for the same point.
IAG.TO - Average returns for the respective month in the last 5 years
IAG.TO - Average growth of $100 invested at start of year
5 years of data
Monthly Returns Heatmap
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -5.92% | -6.69% | -0.48% | 13.24% | -1.04% | 13.93% | 5.84% | -4.07% | 2.63% | 2.07% | ||
| 2025 | 0.67% | 1.79% | 0.70% | -2.00% | 5.01% | 6.85% | -9.15% | 9.66% | 7.09% | 4.63% | 0.30% | 7.74% |
| 2024 | 1.18% | -7.02% | -0.01% | -0.82% | 7.28% | -3.19% | 8.67% | 11.85% | 8.23% | 1.20% | 18.76% | -0.38% |
| 2023 | 3.61% | 12.38% | -6.48% | 6.13% | -3.98% | 4.31% | 1.23% | -6.37% | 0.51% | -5.29% | 13.28% | -0.31% |
| 2022 | 14.27% | -8.95% | 1.79% | -11.63% | -1.27% | -2.53% | 10.06% | 1.08% | -0.51% | 8.02% | 1.03% | 4.45% |
| 2021 | 3.26% | 15.60% | 4.50% | 1.30% | 0.69% | -2.50% | 2.27% | 2.03% | 2.72% | 1.88% | -6.50% | 6.63% |
| 2020 | -11.64% | -30.76% | 2.15% | -1.52% | 3.39% | 3.45% | 0.84% | -1.28% | 0.15% | 23.52% | -2.97% | |
| Avg | 2.85% | -0.65% | -4.39% | 1.19% | 0.74% | 2.90% | 3.20% | 2.15% | 2.77% | 1.76% | 8.40% | 2.53% |
IAG.TO Distribution of Daily Returns from 2021 to 2026
IAG.TO Distribution of Daily % Changes