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 100% win rate across 5 years of history.
Jan shows persistent seasonal weakness.
Jan averages -2.8% with only a 33% win rate across 5 years of history.
Q4 (Oct–Nov–Dec) is the seasonally strongest quarter.
The three months of Q4 combine for a +6.9% average return historically.
Q1 historically shows a slow seasonal start.
Q1 (Jan–Mar) averages -0.9% 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 +11.9% vs the historical average for the same point.
QSR.TO - Average growth of $100 invested at start of year
5 years of data
Monthly Returns Heatmap
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -2.59% | 7.27% | 6.12% | 6.48% | -5.89% | 0.64% | 0.79% | 4.20% | -5.42% | 4.26% | ||
| 2025 | -4.62% | 5.62% | 2.58% | -7.40% | 10.30% | -6.93% | 4.08% | -7.50% | 3.65% | 3.18% | 10.23% | -6.94% |
| 2024 | 1.37% | 0.41% | 2.82% | -2.91% | -10.51% | 4.02% | 0.28% | -3.14% | 5.09% | -0.77% | 0.69% | -3.06% |
| 2023 | 1.67% | -1.10% | 3.96% | 4.68% | 3.77% | 4.97% | -1.71% | -7.03% | -2.86% | 2.99% | 3.61% | 8.05% |
| 2022 | -7.30% | -0.21% | 3.91% | 0.48% | -9.50% | -1.69% | 6.32% | 12.94% | -4.36% | 10.17% | 10.35% | -1.15% |
| 2021 | -5.23% | 3.48% | 7.96% | 3.28% | -1.33% | -3.34% | 6.57% | -4.77% | -3.45% | -9.70% | 2.00% | 8.32% |
| 2020 | -2.02% | -27.43% | 19.73% | 10.78% | -0.86% | 2.38% | -6.58% | 9.23% | -9.48% | 6.90% | 6.05% | |
| Avg | -2.78% | 1.92% | -0.01% | 3.48% | -0.34% | -0.46% | 2.67% | -1.70% | 0.27% | -0.60% | 5.63% | 1.88% |
QSR.TO - Average returns for the respective month in the last 5 years
QSR.TO Distribution of Daily Returns from 2021 to 2026
QSR.TO Distribution of Daily % Changes