Here are the 20 worst-performing stocks in the S&P 500 in 2023:

adminDecember 30, 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, -1.97%	-50%	45%	-28%	31.9	48.8	60.1
FMC Corporation	FMC, -0.41%	-49%	14%	-43%	14.1	14.9	14.2
Dollar General Corporation	DG, +0.30%	-45%	4%	-42%	18.3	20.2	21.2
Moderna Corporation	RNA, +0.67%	-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, -0.88%	-41%	-33%	-60%	45.6	39.8	46.4
Paycom Software Co., Ltd.	PAYC, -0.40%	-33%	-25%	-50%	25.4	42.3	73.9
Albemarle Co., Ltd.	alb, -3.31%	-33%	-7%	-38%	11.2	7.8	38.9
AES	AES, -0.52%	-33%	18%	-21%	10.2	16.4	14.7
Etsy	Etsy, -1.06%	-32%	-45%	-63%	31.3	44.9	64.0
VF Corporation	V.F.C., -1.36%	-32%	-62%	-74%	10.5	11.9	20.4
Illumina Co., Ltd.	ILMN, -2.03%	-31%	-47%	-63%	152.3	66.0	90.2
Walgreens Boots Alliance Inc.	W.B.A., -1.84%	-30%	-28%	-50%	7.7	8.1	10.4
Hormel Foods Inc.	HRL, +0.53%	-30%	-7%	-34%	20.3	23.9	24.6
Bristol-Myers Squibb Co.	BMY, +0.18%	-29%	15%	-18%	7.1	9.0	7.9
Next Era Energy Co., Ltd.	nee, -0.46%	-27%	-10%	-35%	17.9	27.0	34.0
Eversource Energy	S, -0.39%	-26%	-8%	-32%	13.6	19.2	22.1
Devon Energy Ltd	D.V.N., -1.01%	-26%	40%	three%	7.6	7.0	8.4
Insulet Co., Ltd.	ford, -1.12%	-26%	11%	-18%	87.4	260.4	194.9
Conagra Brands Inc.	C.A.G., +0.32%	-26%	13%	-16%	10.5	15.2	13.3
Source: FactSet