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 | 3.53% | 34.09% | 18.47% | 54.36% | 5.56% | 9.83% | 32.29% | 11.48% | 30.35% | -13.51% | ||
| 2025 | -3.70% | 108.97% | 99.39% | -3.08% | -18.73% | 1.56% | 0.00% | 30.77% | 32.65% | -11.09% | -2.49% | 8.70% |
| 2024 | -6.69% | -19.65% | 26.12% | -3.01% | 2.70% | -2.76% | 16.24% | -71.25% | -20.65% | -3.06% | -52.11% | -10.99% |
| 2023 | -2.00% | -4.61% | -22.21% | 3.94% | -18.97% | 19.43% | 4.28% | -5.92% | 0.48% | -11.33% | 0.00% | 9.65% |
| 2022 | -12.98% | 2.73% | -8.97% | 3.84% | 7.80% | -14.62% | 4.80% | -9.08% | -11.37% | 5.17% | 15.83% | -2.29% |
| 2021 | -3.66% | 5.81% | -10.07% | 6.98% | ||||||||
| Avg | -4.37% | 24.31% | 22.56% | 11.21% | -4.33% | 2.69% | 11.52% | -8.80% | 4.63% | -2.90% | -9.77% | 2.41% |
Feb is the seasonally strongest month over 5Y.
Feb averages +24.3% with a 60% win rate across 5 years of history.
Nov shows persistent seasonal weakness.
Nov averages -9.8% with only a 20% win rate across 5 years of history.
Q1 (Jan–Feb–Mar) is the seasonally strongest quarter.
The three months of Q1 combine for a +42.5% average return historically.
January Effect: Q1 historically opens the year positively.
Q1 (Jan–Mar) averages +42.5% historically, with January alone posting a 20% win rate.
2026 YTD is tracking above the 5Y seasonal average.
At day 204 of the year, the current YTD return is +347.8% vs the historical average for the same point.
LCFS.TO - Average returns for the respective month in the last 5 years
LCFS.TO - Average growth of $100 invested at start of year
5 years of data
LCFS.TO Distribution of Daily Returns from 2021 to 2026
LCFS.TO Distribution of Daily % Changes