Seasonality
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Aug is the seasonally strongest month over 5Y.
Aug averages +14.0% with a 100% win rate across 5 years of history.
Sep shows persistent seasonal weakness.
Sep averages -6.9% with only a 17% win rate across 5 years of history.
Q3 (Jul–Aug–Sep) is the seasonally strongest quarter.
The three months of Q3 combine for a +12.7% average return historically.
Q1 historically shows a slow seasonal start.
Q1 (Jan–Mar) averages -10.7% historically, with January alone posting a 50% win rate.
2026 YTD is tracking below the 5Y seasonal average.
At day 181 of the year, the current YTD return is -0.4% vs the historical average for the same point.
WDAY - Average growth of $100 invested at start of year
5 years of data
WDAY - Average returns for the respective month in the last 5 years
WDAY 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 | -18.23% | -23.84% | -2.87% | -5.79% | 19.44% | -16.26% | 30.98% | 23.14% | -2.57% | |||
| 2025 | 1.56% | 0.49% | -11.32% | 4.91% | 1.11% | -3.11% | -4.42% | 0.63% | 4.29% | -0.34% | -10.13% | -0.39% |
| 2024 | 5.44% | 1.23% | -7.44% | -10.27% | -13.60% | 5.73% | 1.59% | 15.88% | -7.14% | -4.32% | 6.90% | 3.22% |
| 2023 | 8.43% | 2.23% | 11.36% | -9.88% | 13.89% | 6.56% | 4.98% | 3.11% | -12.13% | -1.46% | 27.87% | 1.97% |
| 2022 | -7.38% | -9.47% | 4.54% | -13.68% | -24.38% | -10.70% | 11.12% | 6.10% | -7.50% | 2.37% | 7.75% | -0.34% |
| 2021 | -5.04% | 7.76% | 1.33% | -0.58% | -7.40% | 4.38% | -1.82% | 16.54% | -8.52% | 16.04% | -5.43% | -0.38% |
| 2020 | -6.16% | -24.84% | 18.18% | 19.19% | 2.14% | -3.44% | 32.49% | -10.25% | -2.33% | 6.98% | 6.59% | |
| Avg | -2.54% | -3.97% | -4.18% | -2.44% | 1.18% | -1.61% | 5.57% | 13.98% | -6.87% | 1.66% | 5.66% | 1.78% |
WDAY Distribution of Daily % Changes