Seasonality
Sign in to unlock 10Y & 20Y views
Seasonality
Sign in to unlock 10Y & 20Y views
Monthly Returns Heatmap
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -2.42% | 0.60% | -1.40% | 9.38% | 8.24% | 11.06% | 0.51% | -3.41% | -1.22% | 0.65% | ||
| 2025 | 3.09% | -3.50% | -5.19% | 3.01% | 5.12% | 3.18% | -0.09% | 12.26% | 2.78% | 0.92% | 5.19% | 8.26% |
| 2024 | -1.06% | 0.45% | 3.66% | -1.51% | 11.86% | -2.24% | 6.92% | 5.64% | 3.57% | 0.58% | 4.61% | -1.61% |
| 2023 | 8.02% | 1.75% | -6.71% | 5.09% | -9.72% | 4.19% | 4.39% | -6.88% | -2.50% | -5.53% | 10.71% | 9.28% |
| 2022 | 8.87% | -3.26% | -1.83% | -4.91% | 1.87% | -5.70% | 1.22% | -2.19% | 1.83% | 2.40% | 6.13% | -4.84% |
| 2021 | -0.04% | 4.70% | 6.93% | 2.19% | 5.88% | 1.11% | 1.34% | 2.71% | -2.75% | 3.05% | -1.96% | 6.29% |
| 2020 | -4.55% | -12.67% | -0.48% | 4.32% | 3.11% | 1.47% | 7.50% | -5.88% | 0.76% | 13.85% | -1.39% | |
| Avg | 2.74% | -0.55% | -2.46% | 1.82% | 3.94% | 2.10% | 2.25% | 2.23% | -0.60% | 0.36% | 6.42% | 2.67% |
Nov is the seasonally strongest month over 5Y.
Nov averages +6.4% with a 83% win rate across 5 years of history.
Mar shows persistent seasonal weakness.
Mar averages -2.5% with only a 29% win rate across 5 years of history.
Q4 (Oct–Nov–Dec) is the seasonally strongest quarter.
The three months of Q4 combine for a +9.5% average return historically.
Q1 historically shows a slow seasonal start.
Q1 (Jan–Mar) averages -0.3% 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 +13.9% vs the historical average for the same point.
RY.TO - Average returns for the respective month in the last 5 years
RY.TO - Average growth of $100 invested at start of year
5 years of data
RY.TO Distribution of Daily Returns from 2021 to 2026
RY.TO Distribution of Daily % Changes