## [# 12 ETF Turkeys of 2023](/sections/news/12-etf-turkeys-2023) # 12 ETF Turkeys of 2023 From ESG to emerging markets and Treasuries, investors are fleeing these exchange-traded funds. [![Jeff_Benjamin](/sites/default/files/styles/author_image_icon/public/2023-08/Jeff_Benjamin_author.png?itok=-fUp7EJP "Jeff_Benjamin")](/authors/jeff-benjamin) [By Jeff Benjamin](/authors/jeff-benjamin) Nov 24, 2023 Edited by: Sean Allocca [ + Follow ](/etf/login) Share Email LinkedIn Facebook X (Twitter) googletag.cmd.push(function() { googletag.display('js-dfp-tag-article_page_302x26'); }); Loading As Americans hunker down for the annual Thanksgiving holiday tradition of watching football, eating and socializing (while trying to avoid conversations about politics and religion), we have compiled a list of 12 ETF turkeys to help fill any dead air during those family gatherings this weekend. With nearly 11 full months under its belt, 2023 has developed into a stark contrast from the unprecedented outcome of 2022, when both stocks and bonds finished in negative territory. This year, through Nov. 21, the broad [equity](https://www.etf.com/topics/equity) market as represented by the [**SPDR S&P 500 ETF Trust (SPY)**](https://www.etf.com/SPY) is up 16.4% while the [bond](https://www.etf.com/topics/bond) market as tracked by [**iShares Core U.S. Aggregate Bond ETF (AGG)**](https://www.etf.com/AGG) is down just 0.56%. But among the highs and lows this year, our [ETF screener](https://www.etf.com/etfanalytics/etf-screener) uncovered an eclectic list of strategies that have fallen out of favor as measured by outflows through Nov. 21. ## Worst ETFs of 2023 by Outflows Below is a list of the worst ETFs of 2023, as measured by outflows through Nov. 21: ### [iShares ESG Aware MSCI USA (ESGU)](https://www.etf.com/ESGU) - Outflows YTD: $9.3B - Total assets: $12.27B - Outflows as a percentage of assets: 75% - YTD performance: 15.4% - Expense ratio: 0.15% - Strategy: Tracks an index composed of U.S. companies that are selected and weighted for positive environmental, social and governance characteristics. ### [Vanguard Short-Term Corporate Bond (VCSH)](https://www.etf.com/VCSH) - Outflows YTD: $6.8B - Total assets: $33.9B - Outflows as a percentage of assets: 20% - YTD performance: 2.7% - Expense ratio: 0.04% - Strategy: Tracks a market-weighted index of investment-grade, fixed-rate corporate bonds with maturities between one and five years. ### [iShares MSCI Emerging Markets (EEM)](https://www.etf.com/EEM) - Outflows YTD: $6.6B - Total assets: $16.4B - Outflows as a percentage of assets: 40% - YTD performance: 1.96% - Expense ratio: 0.68% - Strategy: Tracks an index of emerging-market firms weighted by market cap. ### [iShares Russell 1000 Value (IWD)](https://www.etf.com/IWD) - Outflows YTD: $5.6B - Total assets: $48.3B - Outflows as a percentage of assets: 11.6% - YTD performance: 0.64% - Expense ratio: 0.19% - Strategy: Tracks an index of U.S. large-cap and midcap value stocks. The index selects from U.S. stocks ranked 1-1,000 by market cap. ### [Vanguard Short Term Bond (BSV)](https://www.etf.com/BSV) - Outflows YTD: $5.5B - Total assets: $32.1B - Outflows as a percentage of assets: 17.1% - YTD performance: 1.99% - Expense ratio: 0.04% - Strategy: Tracks a market-weighted index of U.S.-government bonds, investment-grade corporate and investment-grade international dollar-denominated bonds with maturities of one to five years. ### [ProShares UltraPro QQQ (TQQQ)](https://www.etf.com/TQQQ) - Outflows YTD: $4.4B - Total assets: $17.7B - Outflows as a percentage of assets: 24.8% - YTD performance: 136.6% - Expense ratio: 0.88% - Strategy: Provides 3x leveraged exposure to a modified market-cap-weighted index tracking 100 of the largest non-financial firms listed on the Nasdaq stock market. ### [iShares 0-5 Year TIPS Bond (STIP)](https://www.etf.com/STIP) - Outflows YTD: $4.3B - Total assets: $8.99B - Outflows as a percentage of assets: 47.8% - YTD performance: 2.72% - Expense ratio: 0.03% - Strategy: Tracks a market-value-weighted index of U.S. Treasury Inflation-Protected Securities, or TIPS, with a remaining maturity of less than five years. ### [iShares iBoxx USD Investment Grade Corporate Bond (LQD)](https://www.etf.com/LQD) - Outflows YTD: $4.1B - Total assets: $30.1B - Outflows as a percentage of assets: 13.6% - YTD performance: 0.29% - Expense ratio: 0.14% - Strategy: Tracks a market-weighted index of U.S. corporate investment-grade bonds across the maturity spectrum. ### [iShares MSCI Emerging Markets Minimum Volatility Factor (EEMV)](https://www.etf.com/EEMV) - Outflows YTD: $4B - Total assets: $4.2B - Outflows as a percentage of assets: 95.2% - YTD performance: 1.22% - Expense ratio: 0.25% - Strategy: Tracks an index of emerging-markets firms selected and weighted to create a low-volatility portfolio. ### [iShares MSCI USA Momentum Factor (MTUM)](https://www.etf.com/MTUM) - Outflows YTD: $3.8B - Total assets: $8.1B - Outflows as a percentage of assets: 46.9% - YTD performance: 2.35% - Expense ratio: 0.15% - Strategy: Tracks an index of large-cap and midcap U.S. equities, selected and weighted based on price appreciation over six- and 12-month periods and low volatility over the past three years. ### [Health Care Select Sector SPDR (XLV)](https://www.etf.com/XLV) - Outflows YTD: $3.3B - Total assets: $36B - Outflows as a percentage of assets: 9% - YTD performance: -5.38% - Expense ratio: 0.10% - Strategy: Tracks healthcare stocks within the [S&P 500](https://www.etf.com/topics/sp-500), weighted by market cap. ### [Vanguard Short-Term Inflation-Protected Securities (VTIP)](https://www.etf.com/VTIP) - Outflows YTD: $3.2B - Total assets: $13.2B - Outflows as a percentage of assets: 24.2% - YTD performance: 2.71% - Expense ratio: 0.04% - Strategy: Tracks an index of TIPS with less than five years remaining to maturity. *Contact Jeff Benjamin at* [*Jeff.Benjamin@etf.com*](mailto:Jeff.Benjamin@etf.com) *and find him on X at @BenjiWriter* googletag.cmd.push(function() { googletag.display('js-dfp-tag-in_article_unit'); }); [ + Follow ](/etf/login) [ Jeff Benjamin Wealth Management Editor ](/authors/jeff-benjamin) Jeff Benjamin is the wealth management editor at etf.com, responsible for coverage related to the financial planning industry. This includes writing,… [View Bio](/authors/jeff-benjamin) Related Topics [Equity](http://www.etf.com/topics/equity) [Asset Allocation](http://www.etf.com/topics/asset-allocation)