Seasonality
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Seasonality
Sign in to unlock 10Y & 20Y views
Sep is the seasonally strongest month over 5Y.
Sep averages +12.2% with a 57% win rate across 5 years of history.
Jun shows persistent seasonal weakness.
Jun averages -2.6% 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 +23.2% average return historically.
January Effect: Q1 historically opens the year positively.
Q1 (Jan–Mar) averages +12.0% 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 -53.4% vs the historical average for the same point.
PNG.V - Average returns for the respective month in the last 5 years
PNG.V Distribution of Daily Returns from 2021 to 2026
PNG.V Distribution of Daily % Changes
Monthly Returns Heatmap
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 24.69% | 6.52% | -5.88% | -2.38% | -4.74% | -14.78% | -8.36% | -10.84% | -16.02% | -6.44% | ||
| 2025 | -4.00% | -14.02% | 7.05% | 1.23% | -2.44% | 27.92% | 11.40% | -0.58% | 33.53% | 42.07% | -8.06% | 7.93% |
| 2024 | 21.54% | 29.11% | 7.84% | -7.27% | 0.00% | 0.00% | 21.57% | 20.97% | 17.33% | 13.64% | 16.50% | 18.03% |
| 2023 | 10.53% | -3.17% | -14.75% | 5.77% | 3.64% | -14.04% | -18.37% | 7.50% | -3.49% | 18.07% | 32.65% | 0.00% |
| 2022 | -9.33% | 2.94% | 28.57% | -5.56% | -21.18% | -5.97% | 12.70% | -2.82% | 13.04% | 23.08% | 16.67% | 1.79% |
| 2021 | 5.26% | 31.67% | -10.13% | -11.27% | -6.35% | 0.00% | -20.34% | -5.32% | -5.62% | -7.14% | 0.00% | -3.85% |
| 2020 | -14.04% | -24.49% | 21.62% | 24.44% | -11.61% | 3.03% | 9.80% | 46.43% | -25.61% | -8.20% | 1.79% | |
| Avg | 8.11% | 5.57% | -1.68% | 0.31% | -0.95% | -2.64% | 0.23% | 2.67% | 12.17% | 10.68% | 8.26% | 4.28% |
PNG.V - Average growth of $100 invested at start of year
5 years of data