An awful December pushed the U.S. stock market solidly into the red for 2018. When the ill-fated year came to a close, the S&P 500 found itself down 4.4%, its biggest loss since the financial crisis.
We outlined the performance of the S&P 500, the stock market sectors and all the major asset classes in our top-performing ETFs of 2018 article.
In that story, we included tables of the ETFs that did the very best in a negative year. Here we take a look at the other side of the ledger, the worst-performing.
Short VIX ETPs Demolished
Unsurprisingly, the threshold to make these lists was quite high (or low, depending how you look at it). The all-encompassing list, which is selected from the entire universe of U.S.-listed ETFs, features funds with losses from 56% to 92%.
A product that shorts the Cboe Volatility Index (VIX), the ProShares Short VIX Short-Term Futures ETF (SVXY), topped the list. The ETF crumbled in February, pushed lower by the largest-ever one-day increase in the VIX.
Leveraged and inverse ETFs tied to natural gas, crude oil, biotech, regional banks and China also fared poorly in 2018.
Worst-Performing ETFs Of 2018 (all-encompassing)
Commodities & EM Swoon
The picture doesn’t look much brighter after stripping out leveraged, inverse and VIX products. This narrower list features ETFs with losses ranging from 31% to nearly 50%.
Commodity-focused funds like the VanEck Vectors Rare Earth/Strategic Metals ETF (REMX) and the SPDR S&P Oil & Gas Equipment & Services ETF (XES) were the worst of this bunch.
Several other energy and emerging-market-related ETFs made up the rest of the list.
Worst-Performing ETFs Of 2018 (excluding leveraged/inverse/VIX ETPs)
|REMX||VanEck Vectors Rare Earth/Strategic Metals ETF||-49.47|
|XES||SPDR S&P Oil & Gas Equipment & Services ETF||-46.99|
|OIH||VanEck Vectors Oil Services ETF||-44.98|
|PSCE||Invesco S&P SmallCap Energy ETF||-42.98|
|IEZ||iShares U.S. Oil Equipment & Services ETF||-42.46|
|TUR||iShares MSCI Turkey ETF||-41.48|
|PXJ||Invesco Dynamic Oil & Gas Services ETF||-39.82|
|CNXT||VanEck Vectors ChinaAMC SME-ChiNext ETF||-39.48|
|SCIF||VanEck Vectors India Small-Cap Index ETF||-37.41|
|SCIN||Columbia India Small Cap ETF||-36.31|
|ASHS||Xtrackers Harvest CSI 500 China-A Shares Small Cap ETF||-35.91|
|CQQQ||Invesco China Technology ETF||-34.77|
|KWEB||KraneShares CSI China Internet ETF||-33.88|
|AGT||iShares MSCI Argentina and Global Exposure ETF||-32.69|
|AADR||AdvisorShares Dorsey Wright ADR ETF||-31.54|
Tables data measure total annual returns for 2018.