Seasonality
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Seasonality
Sign in to unlock 10Y & 20Y views
Nov is the seasonally strongest month over 5Y.
Nov averages +20.0% with a 67% win rate across 5 years of history.
Jun shows persistent seasonal weakness.
Jun averages -10.1% 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 +23.1% average return historically.
January Effect: Q1 historically opens the year positively.
Q1 (Jan–Mar) averages +9.7% historically, with January alone posting a 50% win rate.
2026 YTD is tracking below the 5Y seasonal average.
At day 204 of the year, the current YTD return is -29.3% 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 | 14.27% | 16.95% | -18.30% | 15.82% | 1.22% | -15.27% | -11.65% | 13.95% | -18.15% | -4.98% | ||
| 2025 | 4.48% | -1.93% | 5.91% | 27.07% | -0.81% | 2.30% | 8.17% | 12.00% | 17.46% | 4.05% | 16.77% | 1.95% |
| 2024 | -6.78% | -4.16% | 29.54% | 6.69% | -11.18% | -15.67% | -9.95% | -6.98% | 9.38% | -12.29% | 46.25% | -0.67% |
| 2023 | 7.92% | -17.70% | 14.51% | 6.41% | -20.23% | 6.47% | 10.30% | -9.19% | -11.30% | 4.18% | -7.85% | -18.22% |
| 2022 | -17.36% | -0.36% | -11.97% | 4.64% | -12.76% | -33.45% | -3.35% | -0.83% | -18.88% | -16.38% | 47.42% | -9.93% |
| 2021 | -1.32% | 19.50% | 25.24% | 10.80% | 27.44% | -4.97% | 22.41% | -20.54% | -6.06% | 29.43% | -4.21% | 24.10% |
| 2020 | 77.30% | 53.98% | 10.11% | 21.84% | 1.84% | |||||||
| Avg | 0.20% | 2.05% | 7.49% | 11.91% | -2.72% | -10.10% | 2.66% | 9.39% | 3.78% | 3.19% | 20.04% | -0.15% |
SLS.TO - Average growth of $100 invested at start of year
5 years of data
SLS.TO - Average returns for the respective month in the last 5 years
SLS.TO Distribution of Daily Returns from 2021 to 2026
SLS.TO Distribution of Daily % Changes