Ranking the 20 Large-Cap Mutual Funds and ETFs with the Worst One-Year Returns

Citing market turbulence, Financial Planning identified vulnerability in once-reliable large-cap funds and compiled a list of the 20 worst-performing large-cap mutual funds and ETFs, including leveraged, inverse, and institutional funds, over the past year.

The article states that some funds that previously experienced strong double-digit annualized returns have faltered and reported losses. Combine that with high fees associated with some ETF and mutual fund products and the underperformance's damaging effect is felt more strongly.

Some of these funds, such as Fairholme Fund (FAIRX) and CGM Focus Fund (CGMFX), we saw coming in our July 2018 "Financial, Energy Sectors Feature in 10 Funds with Largest Losses in First Half of 2018" posting, while others are relative newcomers. Fairholme (FAIRX) also appeared on the November list of the 20 worst performing mutual funds, while the SA US Value Select fund (SAVLX) only began trading in 2017, leaving it little time to perform before its December 2018 nosedive.

Two on the list—Oakmark Select Investor (OAKLX) and the aforementioned CGM Focus Fund (CGMFX)—experienced double-digit losses. Oakmark's OAKLX lost 14.90% and CGM's CGMFX lost 27.77%.

Here are the twenty large-cap category mutual funds and ETFs with lowest one-year returns through March 2019:

Rank	Fund Name	Symbol	1-Year Return	Expense Ratio
20	SA US Value Select	SAVLX	-3.82%	.74%
19	iShares Edge MSCI USA Value Factor ETF	VLUE	-3.94%	.15%
18	Clipper	CFIMX	-4.05%	.71%
17	Invesco Growth and Income A	ACGIX	-4.14%	.80%
16	PRIMECAP Odyssey Growth	POGRX	-4.18%	.65%
15	Selected American Shares D	SLADX	-4.34%	.65%
14	PMC Diversified Equity	PMDEX	-4.41%	.99%
13	Federated Equity Income A	LEIFX	-4.74%	1.12%
12	Sound Shore Investor	SSHFX	-4.74%	.91%
11	Oakmark Investor	OAKMX	-4.74%	.85%
10	Vanguard Windsor Admiral	VWNEX	-4.74%	.21%
9	Fairholme	FAIRX	-5.29%	1.02%
8	Davis Opportunity A	RPEAX	-5.66%	.95%
7	First Trust Dorsey Wright Dynamic 5	FVC	-5.89%	.89%
6	LSV Value Equity	LSVEX	-6.01%	.64%
5	VictoryShares US 500 Enh Vol Wtd ETF	CFO	-6.25%	.35%
4	CGM Realty	CGMRX	-8.25%	.97%
3	Longleaf Partners	LLPFX	-8.54%	.95%
2	Oakmark Select Investor	OAKLX	-14.90%	.97%
1	CGM Focus	CGMFX	-27.77%	3.08%

If you have invested through a broker, financial adviser, or investment adviser in a mutual fund or exchange-traded fund (ETF) that was not suitable given your investment objectives or risk tolerance, and the fund's underperformance or negative returns have resulted in losses or damages, please call an experienced FINRA arbitration attorney at The Law Offices of Jonathan W. Evans & Associates at (800) 699-1881 for an investigation and consultation.