Seasonality
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Seasonality
Sign in to unlock 10Y & 20Y views
Nov is the seasonally strongest month over 5Y.
Nov averages +6.9% with a 50% win rate across 5 years of history.
Feb shows persistent seasonal weakness.
Feb averages -3.3% with only a 29% win rate across 5 years of history.
Q2 (Apr–May–Jun) is the seasonally strongest quarter.
The three months of Q2 combine for a +9.9% average return historically.
Q1 historically shows a slow seasonal start.
Q1 (Jan–Mar) averages -6.8% historically, with January alone posting a 33% win rate.
2026 YTD is tracking above the 5Y seasonal average.
At day 204 of the year, the current YTD return is +44.9% vs the historical average for the same point.
JWEL.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 | 2.97% | 8.83% | -8.20% | -1.72% | 4.73% | 18.48% | -0.79% | 11.15% | -0.61% | 0.13% | ||
| 2025 | -9.97% | -10.38% | 3.88% | 4.62% | 12.62% | -0.70% | -5.29% | 11.58% | -2.92% | -3.84% | -0.20% | -2.52% |
| 2024 | -2.65% | 0.63% | -13.69% | -1.91% | 3.04% | 8.45% | 12.62% | -4.10% | 12.82% | -5.53% | 10.01% | 1.19% |
| 2023 | 5.64% | -9.74% | 0.62% | -0.09% | -8.34% | -1.61% | 1.23% | -14.62% | -5.36% | -6.57% | 32.58% | 5.77% |
| 2022 | -11.66% | -7.36% | 6.58% | -7.32% | 6.87% | 4.19% | 3.88% | -0.80% | -8.77% | -0.54% | -0.11% | 5.95% |
| 2021 | -0.78% | -3.49% | 6.66% | 4.92% | -2.71% | -9.65% | 3.46% | 1.12% | 2.87% | 5.22% | 5.36% | 0.35% |
| 2020 | -1.80% | -0.89% | 22.26% | 5.90% | 7.14% | 8.38% | -1.74% | 11.62% | -8.59% | -6.31% | 0.42% | |
| Avg | -2.74% | -3.33% | -0.72% | 2.97% | 3.16% | 3.76% | 3.35% | 0.37% | 1.38% | -3.31% | 6.89% | 1.86% |
JWEL.TO - Average returns for the respective month in the last 5 years
JWEL.TO Distribution of Daily Returns from 2021 to 2026
JWEL.TO Distribution of Daily % Changes