Seasonality
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Seasonality
Sign in to unlock 10Y & 20Y views
Jul is the seasonally strongest month over 5Y.
Jul averages +11.6% with a 71% win rate across 5 years of history.
Feb shows persistent seasonal weakness.
Feb averages -4.1% 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 +12.1% average return historically.
Q1 historically shows a slow seasonal start.
Q1 (Jan–Mar) averages -10.3% 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 +25.4% 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 | -14.85% | -3.41% | 9.36% | 30.57% | 3.12% | -14.92% | 6.44% | -8.56% | 27.12% | -3.74% | ||
| 2025 | -2.79% | 2.02% | -9.64% | 3.37% | 0.94% | -9.65% | -4.55% | -1.77% | -1.42% | -0.17% | -0.34% | -13.12% |
| 2024 | 6.74% | 1.91% | 8.32% | 0.41% | -8.62% | -1.16% | 14.62% | 9.07% | -7.73% | -0.25% | 11.65% | 2.60% |
| 2023 | 6.97% | -4.86% | 1.61% | -6.51% | -2.15% | 11.31% | -2.01% | 6.17% | -2.88% | -5.36% | 28.00% | -3.02% |
| 2022 | -18.74% | -18.15% | -8.48% | -18.34% | 18.77% | 8.03% | 17.10% | -17.02% | -9.67% | 2.12% | -3.21% | -8.00% |
| 2021 | 10.58% | -4.16% | -19.89% | 6.82% | -8.89% | 1.70% | 25.23% | 2.87% | 6.78% | -2.39% | -3.88% | -2.10% |
| 2020 | -2.30% | -10.20% | 29.96% | 1.72% | 1.48% | 24.62% | -6.37% | 0.93% | 43.55% | -8.93% | 35.56% | |
| Avg | -2.02% | -4.13% | -4.13% | 6.61% | 0.70% | -0.46% | 11.64% | -2.23% | 1.88% | 6.25% | 3.88% | 1.99% |
TCS.TO - Average returns for the respective month in the last 5 years
TCS.TO - Average growth of $100 invested at start of year
5 years of data
TCS.TO Distribution of Daily Returns from 2021 to 2026
TCS.TO Distribution of Daily % Changes