Seasonality
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Seasonality
Sign in to unlock 10Y & 20Y views
Aug is the seasonally strongest month over 5Y.
Aug averages +29.4% with a 43% win rate across 5 years of history.
Sep shows persistent seasonal weakness.
Sep averages -11.8% 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 +26.4% average return historically.
January Effect: Q1 historically opens the year positively.
Q1 (Jan–Mar) averages +21.1% historically, with January alone posting a 50% win rate.
2026 YTD is tracking below the 5Y seasonal average.
At day 205 of the year, the current YTD return is -132.9% 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 | 1.92% | -3.77% | -6.54% | -6.29% | 19.40% | 3.13% | -55.76% | 75.68% | -11.89% | -2.65% | ||
| 2025 | 31.25% | 104.76% | 48.84% | 65.63% | -8.49% | 0.00% | 9.28% | -0.94% | -7.62% | 26.80% | -5.69% | 34.48% |
| 2024 | 0.00% | 0.00% | 0.00% | 33.33% | 0.00% | 0.00% | 0.00% | 125.00% | -11.11% | 25.00% | 0.00% | 60.00% |
| 2023 | 10.00% | 0.00% | -9.09% | -20.00% | -37.50% | 0.00% | 0.00% | -20.00% | 25.00% | -20.00% | 0.00% | -25.00% |
| 2022 | 0.00% | 0.00% | -25.00% | 0.00% | 0.00% | 0.00% | -33.33% | 0.00% | -15.00% | -35.29% | 9.09% | -16.67% |
| 2021 | 0.00% | 25.00% | -20.00% | 0.00% | 0.00% | 0.00% | 75.00% | -14.29% | -33.33% | 0.00% | 0.00% | 0.00% |
| 2020 | 33.33% | -50.00% | 50.00% | 0.00% | 0.00% | 66.67% | 40.00% | -28.57% | 0.00% | -20.00% | 0.00% | |
| Avg | 7.20% | 22.76% | -8.83% | 17.52% | -3.80% | 0.45% | 8.84% | 29.35% | -11.79% | -0.58% | -2.77% | 8.80% |
GORO.V - Average growth of $100 invested at start of year
5 years of data
GORO.V - Average returns for the respective month in the last 5 years
GORO.V Distribution of Daily Returns from 2021 to 2026
GORO.V Distribution of Daily % Changes