Seasonality
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Jan is the seasonally strongest month over 5Y.
Jan averages +10.6% with a 83% win rate across 5 years of history.
Mar shows persistent seasonal weakness.
Mar averages -5.9% with only a 57% win rate across 5 years of history.
Q4 (Oct–Nov–Dec) is the seasonally strongest quarter.
The three months of Q4 combine for a +14.3% average return historically.
January Effect: Q1 historically opens the year positively.
Q1 (Jan–Mar) averages +6.6% historically, with January alone posting a 83% win rate.
2026 YTD is tracking above the 5Y seasonal average.
At day 181 of the year, the current YTD return is +23.5% vs the historical average for the same point.
SLB - Average growth of $100 invested at start of year
5 years of data
SLB - Average returns for the respective month in the last 5 years
SLB Distribution of Daily Returns from 2021 to 2026
Monthly Returns Heatmap
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 26.06% | 6.74% | 0.10% | 10.68% | -4.10% | -14.33% | 6.67% | 21.19% | -13.25% | |||
| 2025 | 5.06% | 4.15% | 0.34% | -20.45% | -0.60% | 3.13% | 0.00% | 8.99% | -5.96% | 4.92% | 0.50% | 6.74% |
| 2024 | -6.42% | -0.19% | 13.41% | -13.37% | -3.35% | 3.47% | 2.35% | -8.90% | -4.01% | -4.48% | 9.66% | -12.19% |
| 2023 | 6.58% | -6.17% | -7.72% | 0.51% | -13.21% | 15.31% | 18.77% | 1.06% | -0.71% | -4.53% | -6.50% | 0.48% |
| 2022 | 30.45% | 0.75% | 5.28% | -5.57% | 18.25% | -22.19% | 3.55% | 3.02% | -5.46% | 44.93% | -0.92% | 4.06% |
| 2021 | 1.74% | 26.25% | -2.58% | -0.51% | 15.82% | 2.58% | -9.93% | -2.31% | 5.71% | 8.84% | -10.72% | 4.43% |
| 2020 | -17.96% | -50.20% | 24.68% | 9.81% | 0.25% | -1.36% | 4.80% | -17.61% | -3.98% | 39.16% | 5.64% | |
| Avg | 10.58% | 1.94% | -5.91% | -0.58% | 3.23% | -1.68% | 2.86% | 3.98% | -4.67% | 7.62% | 5.19% | 1.53% |
SLB Distribution of Daily % Changes