Seasonality
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Seasonality
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Feb is the seasonally strongest month over 5Y.
Feb averages +7.7% with a 71% win rate across 5 years of history.
Dec shows persistent seasonal weakness.
Dec averages -6.3% with only a 33% win rate across 5 years of history.
Q2 (Apr–May–Jun) is the seasonally strongest quarter.
The three months of Q2 combine for a +9.9% average return historically.
January Effect: Q1 historically opens the year positively.
Q1 (Jan–Mar) averages +9.6% historically, with January alone posting a 33% win rate.
2026 YTD is tracking above the 5Y seasonal average.
At day 205 of the year, the current YTD return is +13.4% 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 | -1.98% | 20.32% | -7.38% | -2.82% | 15.87% | -12.94% | 6.82% | 27.72% | 5.94% | -21.10% | ||
| 2025 | 11.23% | 1.18% | 17.96% | -1.05% | 7.49% | 4.06% | -13.02% | 10.48% | 18.92% | -2.40% | 6.33% | 1.07% |
| 2024 | 2.85% | 14.12% | 11.49% | 2.08% | 7.96% | -0.90% | 20.60% | -3.01% | -1.55% | -3.86% | 0.25% | 5.56% |
| 2023 | -17.51% | 5.51% | 18.89% | 9.43% | -8.38% | -11.08% | 1.59% | 20.54% | -16.09% | 4.65% | 18.06% | -11.99% |
| 2022 | -5.04% | 30.56% | 9.95% | -16.44% | -11.29% | -4.13% | -7.62% | -25.44% | 21.61% | -12.53% | 11.14% | -17.62% |
| 2021 | -8.10% | -12.40% | -2.46% | 8.63% | 22.85% | 5.66% | 7.31% | -1.66% | -18.21% | 9.66% | 12.31% | -7.92% |
| 2020 | -5.32% | -13.47% | 44.25% | 7.97% | 1.91% | 16.88% | 5.18% | -12.83% | 4.93% | -13.57% | -6.84% | |
| Avg | -3.09% | 7.71% | 5.00% | 6.30% | 6.07% | -2.49% | 4.65% | 4.83% | -0.32% | 0.08% | 5.75% | -6.29% |
WDO.TO - Average returns for the respective month in the last 5 years
WDO.TO - Average growth of $100 invested at start of year
5 years of data
WDO.TO Distribution of Daily Returns from 2021 to 2026
WDO.TO Distribution of Daily % Changes