Seasonality
Sign in to unlock 10Y & 20Y views
Seasonality
Sign in to unlock 10Y & 20Y views
Monthly Returns Heatmap
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.60% | 7.71% | -0.57% | 20.79% | 6.37% | 0.05% | 26.96% | -5.84% | 5.89% | 5.35% | ||
| 2025 | 2.67% | -11.21% | -4.49% | 5.44% | 6.93% | 2.22% | -6.70% | 5.09% | 1.60% | 1.80% | 4.11% | 8.21% |
| 2024 | 7.04% | 0.60% | -2.80% | -11.58% | 2.27% | 1.47% | 14.23% | -4.15% | 0.28% | 6.33% | 3.12% | -5.23% |
| 2023 | -2.81% | 1.57% | 4.15% | 2.06% | 4.39% | -2.37% | 4.88% | -9.47% | -5.73% | -1.49% | 0.16% | 7.47% |
| 2022 | 1.39% | 5.71% | 8.49% | -7.64% | 0.90% | -8.03% | 29.87% | -3.30% | 1.71% | -3.45% | 12.28% | -4.57% |
| 2021 | -4.78% | -2.71% | 21.96% | 10.92% | -4.23% | 4.23% | 1.73% | -1.92% | -2.50% | -0.33% | -9.62% | 1.21% |
| 2020 | -12.53% | -47.14% | 40.98% | 3.11% | 21.98% | 32.48% | 2.29% | -7.37% | -0.23% | 12.62% | 8.65% | |
| Avg | 1.02% | -1.55% | -2.91% | 8.71% | 2.82% | 2.79% | 14.78% | -2.47% | -0.87% | 0.44% | 3.78% | 2.62% |
MTL.TO - Average returns for the respective month in the last 5 years
Jul is the seasonally strongest month over 5Y.
Jul averages +14.8% with a 86% win rate across 5 years of history.
Mar shows persistent seasonal weakness.
Mar averages -2.9% with only a 43% win rate across 5 years of history.
Q2 (Apr–May–Jun) is the seasonally strongest quarter.
The three months of Q2 combine for a +14.3% average return historically.
Q1 historically shows a slow seasonal start.
Q1 (Jan–Mar) averages -3.4% historically, with January alone posting a 67% win rate.
2026 YTD is tracking above the 5Y seasonal average.
At day 204 of the year, the current YTD return is +74.6% vs the historical average for the same point.
MTL.TO - Average growth of $100 invested at start of year
5 years of data
MTL.TO Distribution of Daily Returns from 2021 to 2026
MTL.TO Distribution of Daily % Changes