Seasonality
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LIN - Average growth of $100 invested at start of year
5 years of data
Monthly Returns Heatmap
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 7.17% | 11.18% | -2.10% | 1.09% | -0.69% | 4.60% | -7.82% | 0.91% | ||||
| 2025 | 6.56% | 4.69% | 0.03% | -2.67% | 3.17% | 0.66% | -1.90% | 3.92% | -0.37% | -11.94% | -1.91% | 4.30% |
| 2024 | -1.43% | 10.87% | 3.76% | -5.03% | -1.23% | 1.08% | 3.35% | 5.46% | 0.00% | -4.34% | 1.06% | -8.90% |
| 2023 | 1.46% | 5.27% | 2.41% | 3.94% | -4.27% | 8.14% | 2.52% | -0.93% | -3.48% | 2.63% | 8.27% | -0.43% |
| 2022 | -8.01% | -7.98% | 9.37% | -2.34% | 4.08% | -11.12% | 5.03% | -6.34% | -4.30% | 10.30% | 13.16% | -2.72% |
| 2021 | -6.87% | -0.46% | 15.18% | 2.03% | 5.16% | -3.49% | 6.33% | 2.34% | -6.43% | 8.80% | -0.33% | 9.26% |
| 2020 | -5.97% | -9.00% | 6.35% | 9.97% | 5.32% | 15.56% | 1.89% | -4.29% | -7.47% | 16.37% | 3.15% | |
| Avg | -0.19% | 2.51% | 2.81% | 0.48% | 2.31% | 0.74% | 3.29% | 1.06% | -3.14% | -0.34% | 6.10% | 0.77% |
Nov is the seasonally strongest month over 5Y.
Nov averages +6.1% with a 67% win rate across 5 years of history.
Sep shows persistent seasonal weakness.
Sep averages -3.1% with only a 17% win rate across 5 years of history.
Q4 (Oct–Nov–Dec) is the seasonally strongest quarter.
The three months of Q4 combine for a +6.5% average return historically.
January Effect: Q1 historically opens the year positively.
Q1 (Jan–Mar) averages +5.1% historically, with January alone posting a 50% win rate.
2026 YTD is tracking above the 5Y seasonal average.
At day 155 of the year, the current YTD return is +3.1% vs the historical average for the same point.
LIN Distribution of Daily Returns from 2021 to 2026
LIN Distribution of Daily % Changes
LIN - Average returns for the respective month in the last 5 years