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 | -4.79% | 70.24% | -25.84% | 25.13% | -6.23% | -15.36% | 13.26% | 45.92% | -6.02% | -10.45% | ||
| 2025 | 5.29% | -14.53% | 3.27% | 3.80% | 16.46% | -3.66% | 9.78% | 19.31% | 56.02% | -15.43% | 19.50% | 26.32% |
| 2024 | -32.27% | -28.82% | 52.07% | 49.46% | -5.45% | -20.77% | 2.43% | -7.58% | 2.56% | 22.00% | -8.61% | -23.77% |
| 2023 | 16.67% | -3.14% | 7.67% | -9.59% | -2.42% | -10.87% | 11.15% | 8.15% | -32.17% | -9.40% | 26.42% | -6.34% |
| 2022 | -6.15% | 13.11% | 0.25% | 2.76% | 0.73% | -10.92% | 10.08% | -15.59% | -15.25% | 13.49% | -13.41% | 5.63% |
| 2021 | 5.85% | -26.47% | -16.96% | 21.00% | 8.12% | -12.22% | -13.09% | -4.63% | -14.78% | 3.33% | -9.66% | -4.83% |
| 2020 | -19.13% | -8.50% | 26.06% | -7.05% | -4.66% | 5.61% | 8.05% | 2.06% | -7.30% | 18.76% | 13.26% | |
| Avg | -2.57% | -1.25% | 1.71% | 16.95% | 0.59% | -11.21% | 5.60% | 7.66% | -1.08% | 1.12% | 5.50% | 1.71% |
Apr is the seasonally strongest month over 5Y.
Apr averages +16.9% with a 86% win rate across 5 years of history.
Jun shows persistent seasonal weakness.
Jun averages -11.2% with only a 0% win rate across 5 years of history.
Q3 (Jul–Aug–Sep) is the seasonally strongest quarter.
The three months of Q3 combine for a +12.2% average return historically.
Q1 historically shows a slow seasonal start.
Q1 (Jan–Mar) averages -2.1% historically, with January alone posting a 50% win rate.
2026 YTD is tracking above the 5Y seasonal average.
At day 204 of the year, the current YTD return is +74.9% vs the historical average for the same point.
NUAG.TO - Average returns for the respective month in the last 5 years
NUAG.TO - Average growth of $100 invested at start of year
5 years of data
NUAG.TO Distribution of Daily Returns from 2021 to 2026
NUAG.TO Distribution of Daily % Changes