Seasonality
Sign in to unlock 10Y & 20Y views
Seasonality
Sign in to unlock 10Y & 20Y views
Sep is the seasonally strongest month over 5Y.
Sep averages +7.9% with a 57% win rate across 5 years of history.
Jun shows persistent seasonal weakness.
Jun averages -3.1% with only a 29% win rate across 5 years of history.
Q3 (Jul–Aug–Sep) is the seasonally strongest quarter.
The three months of Q3 combine for a +9.4% average return historically.
January Effect: Q1 historically opens the year positively.
Q1 (Jan–Mar) averages +4.1% historically, with January alone posting a 33% win rate.
2026 YTD is tracking above the 5Y seasonal average.
At day 204 of the year, the current YTD return is +14.1% 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 | -0.61% | 15.16% | -2.59% | -5.97% | 1.75% | -3.83% | 2.98% | -4.52% | 13.79% | 2.39% | ||
| 2025 | -5.46% | 0.28% | 9.17% | 9.59% | 3.54% | -15.00% | -1.47% | 6.10% | -4.42% | -4.85% | 8.15% | 0.23% |
| 2024 | -0.97% | 3.65% | -2.63% | 0.42% | -3.51% | 11.09% | 7.89% | 2.17% | 13.25% | 2.10% | -1.64% | -3.93% |
| 2023 | 1.88% | -2.37% | 6.81% | 6.17% | -3.02% | -17.52% | 2.23% | -4.98% | 13.42% | 3.39% | 1.16% | 10.88% |
| 2022 | 2.37% | 2.77% | 6.33% | -5.51% | 1.31% | -7.27% | 3.57% | -1.25% | -4.93% | 10.82% | 6.69% | -4.94% |
| 2021 | -0.22% | -3.83% | 17.28% | -2.06% | 1.30% | -0.86% | 3.32% | -1.51% | -4.53% | -0.56% | 0.12% | 2.79% |
| 2020 | -6.79% | -11.17% | 17.31% | 1.86% | 12.03% | 0.40% | -4.36% | 28.98% | -9.75% | 2.28% | -2.39% | |
| Avg | -0.50% | 1.27% | 3.31% | 2.85% | 0.46% | -3.05% | 2.70% | -1.19% | 7.94% | 0.19% | 2.79% | 0.44% |
NWC.TO - Average returns for the respective month in the last 5 years
NWC.TO - Average growth of $100 invested at start of year
5 years of data
NWC.TO Distribution of Daily Returns from 2021 to 2026
NWC.TO Distribution of Daily % Changes