Seasonality
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Seasonality
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Nov is the seasonally strongest month over 5Y.
Nov averages +11.4% with a 83% win rate across 5 years of history.
Mar shows persistent seasonal weakness.
Mar averages -6.8% 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 +15.0% average return historically.
Q1 historically shows a slow seasonal start.
Q1 (Jan–Mar) averages -5.7% historically, with January alone posting a 33% win rate.
2026 YTD is tracking below the 5Y seasonal average.
At day 204 of the year, the current YTD return is -1.5% vs the historical average for the same point.
Monthly Returns Heatmap
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.05% | 8.91% | -8.03% | 5.48% | 12.55% | -1.40% | 2.80% | -4.22% | -3.00% | -7.43% | ||
| 2025 | -0.44% | -7.61% | -4.11% | 1.48% | 24.61% | 3.28% | 3.40% | 12.37% | -0.45% | 1.76% | 4.52% | 4.91% |
| 2024 | -0.39% | 4.16% | 8.79% | -9.96% | 9.93% | -6.37% | 3.58% | -7.86% | -0.16% | -9.71% | 8.34% | -7.61% |
| 2023 | 10.85% | 9.27% | -12.11% | -0.97% | -6.35% | 15.84% | 9.91% | -7.04% | -7.73% | -8.36% | -3.56% | 11.13% |
| 2022 | -5.98% | -6.05% | -15.75% | -8.44% | 9.96% | -2.14% | 7.04% | 6.68% | -13.34% | 8.36% | 13.59% | -7.16% |
| 2021 | -3.17% | 8.93% | 4.41% | -2.78% | 11.44% | -2.93% | -5.05% | -2.95% | -7.99% | 3.50% | 8.02% | 2.17% |
| 2020 | -15.32% | -21.10% | 15.29% | 14.54% | -4.03% | 8.99% | 2.40% | -3.15% | 9.95% | 37.63% | 12.70% | |
| Avg | 0.82% | 0.33% | -6.84% | 0.02% | 10.95% | 0.32% | 4.38% | -0.09% | -5.12% | 0.91% | 11.42% | 2.69% |
LNR.TO - Average growth of $100 invested at start of year
5 years of data
LNR.TO - Average returns for the respective month in the last 5 years
LNR.TO Distribution of Daily Returns from 2021 to 2026
LNR.TO Distribution of Daily % Changes