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 | 24.10% | 53.40% | -25.95% | 22.22% | 22.38% | -16.57% | -7.53% | 37.04% | 11.89% | -7.73% | ||
| 2025 | 15.38% | 10.00% | 3.03% | -17.65% | 3.57% | 13.79% | 3.03% | 47.06% | 26.00% | 23.81% | 5.13% | 1.22% |
| 2024 | -25.81% | 4.35% | 33.33% | 6.25% | 8.82% | -13.51% | 28.13% | -7.32% | -10.53% | 5.88% | -16.67% | -13.33% |
| 2023 | 14.29% | -17.19% | 11.32% | -13.56% | -9.80% | -4.35% | -11.36% | -15.38% | -15.15% | -7.14% | 30.77% | -8.82% |
| 2022 | -2.06% | 3.16% | -5.10% | -25.81% | -17.39% | -3.51% | -12.73% | -8.33% | -6.82% | -17.07% | 20.59% | 36.59% |
| 2021 | -12.64% | 1.97% | -6.45% | 2.76% | 17.45% | -14.29% | -14.00% | -10.85% | -22.61% | 25.84% | -3.57% | -10.19% |
| 2020 | -14.06% | -20.91% | 37.93% | 15.00% | 53.62% | 3.77% | -2.27% | -1.40% | -16.04% | -6.18% | 4.19% | |
| Avg | 2.21% | 5.95% | -1.53% | 1.74% | 5.72% | 2.17% | -1.53% | 5.71% | -2.66% | 2.55% | 5.01% | 1.61% |
Feb is the seasonally strongest month over 5Y.
Feb averages +5.9% with a 71% win rate across 5 years of history.
Sep shows persistent seasonal weakness.
Sep averages -2.7% 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 +9.6% average return historically.
January Effect: Q1 historically opens the year positively.
Q1 (Jan–Mar) averages +6.6% historically, with January alone posting a 50% win rate.
2026 YTD is tracking above the 5Y seasonal average.
At day 205 of the year, the current YTD return is +141.9% vs the historical average for the same point.
LGD.TO - Average returns for the respective month in the last 5 years
LGD.TO - Average growth of $100 invested at start of year
5 years of data
LGD.TO Distribution of Daily Returns from 2021 to 2026
LGD.TO Distribution of Daily % Changes