Seasonality
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Monthly Returns Heatmap
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.21% | 9.76% | -0.80% | 3.09% | -2.48% | 6.54% | -6.52% | -0.25% | ||||
| 2025 | 0.42% | 9.60% | -0.28% | -4.36% | 1.95% | -2.83% | 8.35% | 0.09% | 3.60% | -0.13% | 3.97% | -6.42% |
| 2024 | -4.21% | -1.87% | 5.55% | -0.22% | 3.39% | -1.15% | 10.29% | 4.69% | 4.15% | -0.33% | 5.33% | -6.42% |
| 2023 | -1.32% | -5.11% | 4.15% | 4.12% | -6.67% | 1.98% | 3.26% | -6.64% | -3.43% | 1.64% | 3.65% | 1.44% |
| 2022 | -1.91% | -2.44% | 6.99% | -5.21% | 8.52% | -8.16% | 4.72% | 0.18% | -13.19% | -0.71% | 7.92% | -1.94% |
| 2021 | -4.81% | -5.12% | 17.33% | 4.47% | 1.74% | -2.43% | 5.69% | 3.86% | -7.91% | 1.78% | -3.15% | 12.19% |
| 2020 | -12.20% | -7.35% | 1.30% | 1.67% | -3.08% | 13.36% | 0.56% | -4.62% | 7.77% | -4.85% | -2.03% | |
| Avg | -1.60% | -1.05% | 3.66% | 0.46% | 1.16% | -1.30% | 5.59% | 0.46% | -3.57% | 1.67% | 2.14% | -0.53% |
Jul is the seasonally strongest month over 5Y.
Jul averages +5.6% with a 86% win rate across 5 years of history.
Sep shows persistent seasonal weakness.
Sep averages -3.6% with only a 33% win rate across 5 years of history.
Q4 (Oct–Nov–Dec) is the seasonally strongest quarter.
The three months of Q4 combine for a +3.3% average return historically.
January Effect: Q1 historically opens the year positively.
Q1 (Jan–Mar) averages +1.0% historically, with January alone posting a 33% win rate.
2026 YTD is tracking above the 5Y seasonal average.
At day 155 of the year, the current YTD return is +5.5% vs the historical average for the same point.
LNT - Average growth of $100 invested at start of year
5 years of data
LNT - Average returns for the respective month in the last 5 years
LNT Distribution of Daily Returns from 2021 to 2026
LNT Distribution of Daily % Changes