Worst Performing ETFs Of The Year

October 06, 2017

Sugar Slumps On EU Quota Removal

Stripping out inverse and leveraged ETFs doesn't change the makeup of the worst-performers list very much. The narrower list is still filled to the brim with VIX exchange-traded products.

In fact, seven of the 10 ETFs on the narrower list are long VIX products. Two of the others are tied to natural gas: the iPath Bloomberg Natural Gas Subindex Total Return ETN (GAZ) and the United States Natural Gas Fund LP (UNG), with declines of 57.2% and 31.6%, respectively.

 

Worst-Performing ETFs Of 2017 (excluding inverse/leveraged)

Ticker Fund YTD Return
(%)
VMAX  REX VolMAXX Long VIX Weekly Futures Strategy ETF -74.8
VIXY  ProShares VIX Short-Term Futures ETF -62.5
VXX  iPath S&P 500 VIX Short-Term Futures ETN -62.4
VIIX  VelocityShares Daily Long VIX Short-Term ETN -62.4
GAZ  iPath Bloomberg Natural Gas Subindex Total Return ETN -57.2
VIIZ  VelocityShares VIX Medium Term ETN -41.6
VIXM  ProShares VIX Mid-Term Futures ETF -41.6
VXZ iPath S&P 500 VIX Mid-Term Futures ETN -41.4
SGG  iPath Bloomberg Sugar Subindex Total Return ETN -33.7
UNG  United States Natural Gas Fund LP -31.6

Data measures the year-to-date period through Oct. 4

 

The other name on the list is the iPath Bloomberg Sugar Subindex Total Return ETN (SGG), with a loss of 33.7%. Sugar is one of the poorest-performing commodities this year as supply rises, thanks to the end of European Union sugar production quotas that were in place for nearly 50 years.

Energy & Pakistan ETFs Hit

Looking beyond the 10 worst performers reveals a more eclectic set of ETFs. Nos. 11 through 20 are energy equity ETFs, another two sugar ETFs and a Pakistan ETF.

 

Worst-Performing ETFs Of 2017 (continued, excluding inverse/leveraged)

Ticker Fund YTD Return
(%)
PSCE  PowerShares S&P SmallCap Energy Portfolio -30.8
CANE  Teucrium Sugar Fund -27.1
XES  SPDR S&P Oil & Gas Equipment & Services ETF -26.1
PXJ  PowerShares Dynamic Oil & Gas Services Portfolio -23.8
OIH  VanEck Vectors Oil Services ETF -23.3
JJS  iPath Bloomberg Softs Subindex Total Return ETN -21.9
IEZ  iShares U.S. Oil Equipment & Services ETF -21.1
PAK  Global X MSCI Pakistan ETF -20.2
BSWN  VelocityShares VIX Tail Risk ETN -19.7
FRAK  VanEck Vectors Unconventional Oil & Gas ETF -19.1

Data measures the year-to-date period through Oct. 4

 

The energy sector has been the worst sector of 2017 due to disappointing performance of oil and natural gas prices. The PowerShares S&P SmallCap Energy Portfolio (PSCE), the VanEck Vectors Oil Services ETF (OIH) and the VanEck Vectors Unconventional Oil & Gas ETF (FRAK) are a trio of particularly poor-performing energy equity ETFs, with losses ranging from 19.1% to 30.8%.

Finally, the Global X MSCI Pakistan ETF (PAK) shed 20.2% this year due to political uncertainty and troubles in the cement and fertilizer industries.

Contact Sumit Roy at [email protected]

 

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