Seasonality
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Seasonality
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Monthly Returns Heatmap
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 22.39% | 21.95% | -33.00% | 5.97% | 15.49% | -12.20% | 34.72% | 16.49% | 22.12% | -15.22% | ||
| 2025 | 8.33% | 7.69% | -7.14% | 30.77% | 35.29% | 26.09% | -13.79% | 84.00% | 6.52% | 48.98% | 19.18% | 54.02% |
| 2024 | -42.31% | 6.67% | 37.50% | 13.64% | 0.00% | -32.00% | -11.76% | -20.00% | 25.00% | 13.33% | -23.53% | -7.69% |
| 2023 | -6.00% | -6.38% | 11.36% | 6.12% | -9.62% | 6.38% | -20.00% | -27.50% | -10.34% | -38.46% | 31.25% | 23.81% |
| 2022 | -19.12% | 36.36% | -4.00% | -2.78% | -35.71% | -7.78% | -10.84% | 1.35% | -22.67% | 3.45% | -13.33% | -3.85% |
| 2021 | 25.00% | 10.00% | 7.27% | -21.19% | 5.38% | -8.16% | -11.11% | 25.00% | -28.00% | 41.67% | 27.45% | 4.62% |
| 2020 | -59.52% | 17.65% | 130.00% | 26.09% | 75.86% | 7.84% | 30.91% | -39.58% | -3.45% | -19.05% | 17.65% | |
| Avg | -1.95% | 2.40% | 4.23% | 23.22% | 5.27% | 6.89% | -3.56% | 15.75% | -6.71% | 10.92% | 3.66% | 14.76% |
Apr is the seasonally strongest month over 5Y.
Apr averages +23.2% with a 71% win rate across 5 years of history.
Sep shows persistent seasonal weakness.
Sep averages -6.7% with only a 43% win rate across 5 years of history.
Q2 (Apr–May–Jun) is the seasonally strongest quarter.
The three months of Q2 combine for a +35.4% average return historically.
January Effect: Q1 historically opens the year positively.
Q1 (Jan–Mar) averages +4.7% 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 +78.2% vs the historical average for the same point.
PGLD.V - Average returns for the respective month in the last 5 years
PGLD.V - Average growth of $100 invested at start of year
5 years of data
PGLD.V Distribution of Daily Returns from 2021 to 2026
PGLD.V Distribution of Daily % Changes