Seasonality
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Seasonality
Sign in to unlock 10Y & 20Y views
Nov is the seasonally strongest month over 5Y.
Nov averages +5.6% with a 67% win rate across 5 years of history.
Apr shows persistent seasonal weakness.
Apr averages -1.6% with only a 43% win rate across 5 years of history.
Q4 (Oct–Nov–Dec) is the seasonally strongest quarter.
The three months of Q4 combine for a +6.5% average return historically.
January Effect: Q1 historically opens the year positively.
Q1 (Jan–Mar) averages +5.8% 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 +17.8% 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 | -5.66% | 17.76% | 4.02% | -7.75% | 23.64% | -0.67% | 3.40% | -9.04% | -2.39% | 5.02% | ||
| 2025 | -0.24% | 3.84% | 11.88% | 0.56% | 4.61% | 3.91% | -2.91% | 6.32% | 8.00% | -1.55% | 18.16% | -0.56% |
| 2024 | 1.23% | -7.07% | -6.23% | -3.08% | 1.23% | 0.59% | 9.66% | 5.39% | 6.29% | -0.82% | -4.73% | -0.99% |
| 2023 | 2.68% | 4.67% | 3.74% | 5.15% | -5.72% | 0.94% | -1.03% | -3.13% | -4.64% | 0.87% | 6.34% | 7.37% |
| 2022 | 3.84% | -6.46% | 7.79% | 5.00% | -4.25% | 0.30% | -4.01% | 1.14% | -11.33% | 1.06% | 16.56% | 1.75% |
| 2021 | -6.71% | 9.25% | 7.01% | -7.89% | 1.02% | 0.40% | -0.15% | -3.10% | -3.21% | 3.41% | -8.17% | 0.87% |
| 2020 | -5.53% | 1.27% | -2.91% | 0.20% | -4.63% | 5.83% | 6.81% | 2.84% | -7.21% | 5.63% | 1.08% | |
| Avg | -0.81% | 2.35% | 4.21% | -1.56% | 2.96% | 0.12% | 1.54% | 0.63% | -0.63% | -0.71% | 5.63% | 1.59% |
QBR-A.TO - Average growth of $100 invested at start of year
5 years of data
QBR-A.TO Distribution of Daily Returns from 2021 to 2026
QBR-A.TO - Average returns for the respective month in the last 5 years
QBR-A.TO Distribution of Daily % Changes