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Seasonality
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Also listed on NASDAQ
Seasonality
Sign in to unlock 10Y & 20Y views
Jul is the seasonally strongest month over 5Y.
Jul averages +4.7% with a 71% win rate across 5 years of history.
Sep shows persistent seasonal weakness.
Sep averages -3.3% with only a 14% win rate across 5 years of history.
Q3 (Jul–Aug–Sep) is the seasonally strongest quarter.
The three months of Q3 combine for a +4.0% average return historically.
Q1 historically shows a slow seasonal start.
Q1 (Jan–Mar) averages -2.6% historically, with January alone posting a 67% win rate.
2026 YTD is tracking below the 5Y seasonal average.
At day 204 of the year, the current YTD return is -11.8% 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 | -16.94% | -12.05% | -4.39% | 3.49% | -5.88% | -3.10% | 18.72% | 8.75% | -6.80% | 24.50% | ||
| 2025 | 5.81% | 6.26% | -3.98% | 3.30% | 6.63% | 0.43% | 1.55% | -11.98% | -11.40% | -0.58% | -11.39% | -4.44% |
| 2024 | 3.04% | 7.69% | -1.61% | -1.36% | 13.16% | -1.68% | -2.97% | 3.50% | -0.06% | -1.21% | 0.57% | 1.04% |
| 2023 | 2.47% | 4.83% | 6.40% | 1.32% | -2.73% | 3.47% | -0.48% | -1.89% | -4.50% | -0.03% | 14.55% | 2.19% |
| 2022 | -9.79% | -5.66% | 5.91% | -5.37% | -2.08% | 7.19% | 7.15% | 0.96% | -1.95% | 2.18% | 9.76% | -2.48% |
| 2021 | 0.09% | 6.17% | -0.09% | 3.54% | 2.89% | 5.44% | 7.37% | 11.91% | -5.00% | 6.30% | 3.02% | -1.03% |
| 2020 | -6.28% | -3.37% | 2.28% | -5.44% | 0.02% | 1.32% | 7.23% | 6.57% | -2.52% | -0.15% | 1.20% | |
| Avg | -2.55% | 0.14% | -0.16% | 1.03% | 0.94% | 1.68% | 4.66% | 2.64% | -3.31% | 0.69% | 2.73% | -0.59% |
TRI.TO - Average returns for the respective month in the last 5 years
TRI.TO - Average growth of $100 invested at start of year
5 years of data
TRI.TO Distribution of Daily Returns from 2021 to 2026
TRI.TO Distribution of Daily % Changes