Here are the 20 worst-performing stocks in the S&P 500 in 2023:
(Updated with Friday’s closing price.)
The U.S. stock market had a surprising rally in 2023, but 178 stocks in the S&P 500 are still down this year.
Here’s a summary of how well the 11 sectors of the S&P 500 performed. See the broader indices below.
health care |
Price change in 2023 | Price change in 2022 | Price changes after the end of 2021 | Forward P/E | Forward P/E at the end of 2022 | Forward P/E at the end of 2023 |
information technology |
56.4% |
-28.9% |
11.5% |
26.7 |
20.0 |
28.2 |
telecommunication services |
54.4% |
-40.4% |
-7.6% |
17.4 |
14.3 |
21.0 |
consumer discretionary |
41.0% |
-37.6% |
-11.4% |
26.2 |
21.7 |
34.7 |
industrial goods |
16.0% |
-7.1% |
8.0% |
20.0 |
18.7 |
22.0 |
ingredient |
10.2% |
-14.1% |
-4.9% |
19.5 |
15.8 |
16.6 |
finance |
9.9% |
-12.4% |
-3.4% |
14.6 |
13.0 |
16.3 |
real estate |
8.3% |
-28.4% |
-21.6% |
18.3 |
16.9 |
24.7 |
health care |
0.3% |
-3.6% |
-3.3% |
18.2 |
17.7 |
17.3 |
consumer goods |
-2.2% |
-3.2% |
-5.4% |
19.3 |
20.6 |
21.4 |
energy |
-4.8% |
59.0% |
51.8% |
10.9 |
9.8 |
11.1 |
utility |
-10.2% |
-1.4% |
-11.4% |
15.9 |
18.7 |
20.4 |
S&P 500 SPX |
24.2% |
-19.4% |
0.4% |
19.7 |
16.8 |
21.6 |
Dow Jones Industrial Average DJIA |
13.7% |
-8.8% |
3.8% |
17.6 |
16.6 |
18.9 |
Nasdaq Comprehensive COMP |
43.4% |
-33.1% |
-3.5% |
26.9 |
22.6 |
32.0 |
NASDAQ-100 NDX |
53.8% |
-33.0% |
3.5% |
26.3 |
20.9 |
30.3 |
Source: FactSet |
All price movements in this article exclude dividends.
Also read: 20 stocks that rose the most in 2023
Since the 2023 rally follows a dismal 2022, the table includes not only price movements at the end of 2021, but also futures price-to-earnings values based on current data and data from the end of 2022 and end-2021.
Here are the 20 S&P 500 stocks with the most price declines in 2023:
Estee Lauder Corporation Class A |
ticker | Price change in 2023 | Price change in 2022 | Price changes after the end of 2021 | Forward P/E | Forward P/E at the end of 2022 | Forward P/E at the end of 2021 |
Nphase Energy Co., Ltd. |
ENPH, |
-50% |
45% |
-28% |
31.9 |
48.8 |
60.1 |
FMC Corporation |
FMC, |
-49% |
14% |
-43% |
14.1 |
14.9 |
14.2 |
Dollar General Corporation |
DG, |
-45% |
4% |
-42% |
18.3 |
20.2 |
21.2 |
Moderna Corporation |
RNA, |
-45% |
-29% |
-61% |
Not applicable |
38.7 |
9.3 |
Pfizer Inc. |
PFE, |
-44% |
-13% |
-51% |
12.5 |
10.5 |
9.7 |
Estee Lauder Corporation Class A |
that, |
-41% |
-33% |
-60% |
45.6 |
39.8 |
46.4 |
Paycom Software Co., Ltd. |
PAYC, |
-33% |
-25% |
-50% |
25.4 |
42.3 |
73.9 |
Albemarle Co., Ltd. |
alb, |
-33% |
-7% |
-38% |
11.2 |
7.8 |
38.9 |
AES |
AES, |
-33% |
18% |
-21% |
10.2 |
16.4 |
14.7 |
Etsy |
Etsy, |
-32% |
-45% |
-63% |
31.3 |
44.9 |
64.0 |
VF Corporation |
V.F.C., |
-32% |
-62% |
-74% |
10.5 |
11.9 |
20.4 |
Illumina Co., Ltd. |
ILMN, |
-31% |
-47% |
-63% |
152.3 |
66.0 |
90.2 |
Walgreens Boots Alliance Inc. |
W.B.A., |
-30% |
-28% |
-50% |
7.7 |
8.1 |
10.4 |
Hormel Foods Inc. |
HRL, |
-30% |
-7% |
-34% |
20.3 |
23.9 |
24.6 |
Bristol-Myers Squibb Co. |
BMY, |
-29% |
15% |
-18% |
7.1 |
9.0 |
7.9 |
Next Era Energy Co., Ltd. |
nee, |
-27% |
-10% |
-35% |
17.9 |
27.0 |
34.0 |
Eversource Energy |
S, |
-26% |
-8% |
-32% |
13.6 |
19.2 |
22.1 |
Devon Energy Ltd |
D.V.N., |
-26% |
40% |
three% |
7.6 |
7.0 |
8.4 |
Insulet Co., Ltd. |
ford, |
-26% |
11% |
-18% |
87.4 |
260.4 |
194.9 |
Conagra Brands Inc. |
C.A.G., |
-26% |
13% |
-16% |
10.5 |
15.2 |
13.3 |
Source: FactSet |
Click on the ticker to learn more about each company.
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