Seasonality
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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 | 42.86% | 5.00% | -23.81% | 12.50% | -6.67% | -19.05% | 12.50% | -3.27% | -16.22% | -25.81% | ||
| 2025 | -8.70% | 4.17% | 9.71% | 0.00% | -4.69% | -6.01% | -6.98% | 1.25% | 25.93% | 16.67% | 5.04% | 12.00% |
| 2024 | 22.81% | 5.00% | -4.76% | 3.57% | -2.07% | -12.68% | -11.29% | -7.27% | 8.82% | -8.11% | -4.90% | -5.15% |
| 2023 | -20.00% | 1.22% | -6.02% | -5.77% | -12.24% | -3.10% | 3.20% | -10.08% | 6.03% | -8.13% | -8.85% | 10.68% |
| 2022 | -22.37% | 9.03% | -1.91% | -28.57% | -7.27% | -26.96% | -1.34% | 11.56% | -10.98% | -2.05% | 0.00% | 43.36% |
| 2021 | 17.53% | 53.51% | -8.86% | 10.97% | -4.52% | 4.73% | -4.80% | -13.06% | -21.16% | 26.41% | 24.32% | 2.20% |
| 2020 | -51.11% | 93.18% | 24.71% | -14.15% | 147.25% | -12.44% | -13.20% | 17.54% | -1.99% | -1.52% | ||
| Avg | 5.35% | 12.99% | -12.39% | 12.27% | -1.82% | -11.03% | 19.79% | -4.76% | -2.97% | 7.05% | 2.27% | 10.26% |
CNC.V - Average growth of $100 invested at start of year
5 years of data
Jul is the seasonally strongest month over 5Y.
Jul averages +19.8% with a 43% win rate across 5 years of history.
Mar shows persistent seasonal weakness.
Mar averages -12.4% with only a 14% win rate across 5 years of history.
Q4 (Oct–Nov–Dec) is the seasonally strongest quarter.
The three months of Q4 combine for a +19.6% average return historically.
January Effect: Q1 historically opens the year positively.
Q1 (Jan–Mar) averages +5.9% 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.
CNC.V - Average returns for the respective month in the last 5 years
CNC.V Distribution of Daily Returns from 2021 to 2026
CNC.V Distribution of Daily % Changes