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 | 8.55% | 8.15% | 3.25% | -3.90% | -4.08% | -4.23% | 9.26% | -1.74% | -8.67% | 11.64% | ||
| 2025 | -7.83% | 2.16% | 15.21% | -4.72% | 7.82% | 5.73% | 0.51% | -3.29% | -2.43% | 13.31% | 10.29% | 1.78% |
| 2024 | 8.64% | 9.47% | 6.76% | 3.82% | 0.07% | -3.93% | 2.00% | -0.55% | 6.50% | -0.73% | 10.28% | 3.73% |
| 2023 | -11.80% | -1.32% | 3.03% | 2.83% | -10.41% | 1.12% | 4.85% | 11.27% | 9.97% | 7.46% | -13.58% | -2.89% |
| 2022 | 5.94% | 10.38% | 16.36% | 3.63% | 18.65% | -21.93% | 20.05% | -14.60% | -9.60% | 15.89% | 18.34% | -7.19% |
| 2021 | 20.89% | 68.84% | -10.40% | 0.56% | 7.28% | 45.42% | -13.41% | -7.33% | 47.31% | -1.01% | 7.25% | -8.84% |
| 2020 | -23.24% | -31.27% | 88.59% | -12.46% | -26.80% | 11.17% | 43.22% | -12.29% | 15.66% | -1.04% | 2.81% | |
| Avg | 4.06% | 10.64% | 0.42% | 12.97% | 0.98% | -0.66% | 4.92% | 3.85% | 4.40% | 8.43% | 5.26% | -1.77% |
Apr is the seasonally strongest month over 5Y.
Apr averages +13.0% with a 71% win rate across 5 years of history.
Dec shows persistent seasonal weakness.
Dec averages -1.8% with only a 50% win rate across 5 years of history.
Q1 (Jan–Feb–Mar) is the seasonally strongest quarter.
The three months of Q1 combine for a +15.1% average return historically.
January Effect: Q1 historically opens the year positively.
Q1 (Jan–Mar) averages +15.1% historically, with January alone posting a 67% win rate.
2026 YTD is tracking below the 5Y seasonal average.
At day 204 of the year, the current YTD return is -23.8% vs the historical average for the same point.
PEY.TO - Average growth of $100 invested at start of year
5 years of data
PEY.TO - Average returns for the respective month in the last 5 years
PEY.TO Distribution of Daily Returns from 2021 to 2026
PEY.TO Distribution of Daily % Changes