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 | 9.09% | 35.82% | -22.05% | -12.61% | 9.10% | -9.74% | -11.86% | 42.89% | -7.48% | -13.38% | ||
| 2025 | 21.67% | -11.84% | 12.67% | 8.80% | -3.79% | 6.70% | -6.68% | 36.65% | 40.58% | -9.68% | 34.98% | 3.33% |
| 2024 | -4.19% | 10.63% | 27.68% | 8.19% | 9.61% | -4.10% | 10.70% | 17.05% | 6.46% | 9.03% | -0.13% | -3.76% |
| 2023 | 7.78% | -17.38% | 19.42% | 5.15% | -4.64% | -5.14% | 2.56% | -6.94% | -12.54% | 21.16% | -3.10% | -2.91% |
| 2022 | -21.32% | 20.00% | 16.67% | -16.36% | -22.86% | -26.07% | 1.93% | -25.59% | -5.10% | 34.23% | 37.50% | 26.18% |
| 2021 | -7.07% | -13.13% | -0.80% | 2.67% | 13.28% | -16.09% | -6.58% | -12.02% | -4.33% | 18.82% | 15.25% | 0.25% |
| 2020 | -3.29% | -16.23% | 52.19% | 5.54% | 4.86% | 24.12% | -16.14% | -8.91% | -4.50% | -10.04% | 6.38% | |
| Avg | 0.99% | 2.97% | 5.34% | 6.86% | 0.89% | -7.08% | 2.03% | 5.13% | 1.24% | 11.51% | 12.41% | 4.91% |
IMG.TO Distribution of Daily Returns from 2021 to 2026
Nov is the seasonally strongest month over 5Y.
Nov averages +12.4% with a 50% win rate across 5 years of history.
Jun shows persistent seasonal weakness.
Jun averages -7.1% 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 +28.8% average return historically.
January Effect: Q1 historically opens the year positively.
Q1 (Jan–Mar) averages +9.3% 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 -0.4% vs the historical average for the same point.
IMG.TO - Average returns for the respective month in the last 5 years
IMG.TO Distribution of Daily % Changes
IMG.TO - Average growth of $100 invested at start of year
5 years of data