Worst mutual fund performance compared to benchmarks
July 6, 2017 3:43 PM
Advisers could have some explaining to do if they choose investments that underperform their benchmarks, meaning clients have paid a management fee for the privilege of not keeping pace with an index.
Scroll through to see the 20 mutual funds that underperformed their benchmarks the most for the past three years, on an annualized basis. All data from Morningstar as of June 28.
Scroll through to see the 20 mutual funds that underperformed their benchmarks the most for the past three years, on an annualized basis. All data from Morningstar as of June 28.
20. Ivy Core Equity (WCEAX)
3-Yr. Return: 5.01%
Return Below Benchmark (% points): -6.92
Expense Ratio: 1.15%
Total Assets (millions): $1,029
Return Below Benchmark (% points): -6.92
Expense Ratio: 1.15%
Total Assets (millions): $1,029
19. Putnam Equity Spectrum (PYSAX)
3-Yr. Return: 1.51%
Return Below Benchmark (% points): -6.993
Expense Ratio: 1.04%
Fund Assets (millions): $1,274
Return Below Benchmark (% points): -6.993
Expense Ratio: 1.04%
Fund Assets (millions): $1,274
18. Janus Henderson Contrarian (JCNAX)
3-Yr. Return: 1.51%
Return Below Benchmark (% points): -6.994
Expense Ratio: 0.90%
Fund Assets (millions): $2,813
Return Below Benchmark (% points): -6.994
Expense Ratio: 0.90%
Fund Assets (millions): $2,813
17. ClearBridge Aggressive Growth (SHRAX)
3-Yr. Return: 4.92%
Return Below Benchmark (% points): -7.01
Expense Ratio: 1.14%
Fund Assets (millions): $11,812
Return Below Benchmark (% points): -7.01
Expense Ratio: 1.14%
Fund Assets (millions): $11,812
16. Janus Henderson Overseas (JDIAX)
3-Yr. Return: -5.83%
Return Below Benchmark (% points): -7.09
Expense Ratio: 0.87%
Fund Assets (millions): $1,657
Return Below Benchmark (% points): -7.09
Expense Ratio: 0.87%
Fund Assets (millions): $1,657
15. JHancock Technical Opportunities (JTCAX)
3-Yr. Return: 4.76%
Return Below Benchmark (% points): -7.16
Expense Ratio: 1.65%
Fund Assets (millions): $626
Return Below Benchmark (% points): -7.16
Expense Ratio: 1.65%
Fund Assets (millions): $626
14. Pimco EqS Long/Short (PMHAX)
3-Yr. Return: 2.68%
Return Below Benchmark (% points): -7.46
Expense Ratio: 1.85%
Fund Assets (millions): $548
Return Below Benchmark (% points): -7.46
Expense Ratio: 1.85%
Fund Assets (millions): $548
13. Ivy Asset Strategy (WASAX)
3-Yr. Return: -3.53%
Return Below Benchmark (% points): -7.65
Expense Ratio: 1.12%
Fund Assets (millions): $3,943
Return Below Benchmark (% points): -7.65
Expense Ratio: 1.12%
Fund Assets (millions): $3,943
12. ClearBridge Tactical Dividend Income (CFLGX)
3-Yr. Return: 0.41%
Return Below Benchmark (% points): -7.74
Expense Ratio: 1.17%
Fund Assets (millions): $592
Return Below Benchmark (% points): -7.74
Expense Ratio: 1.17%
Fund Assets (millions): $592
11. Goldman Sachs Rising Dividend Gr (GSRAX)
3-Yr. Return: 4.11%
Return Below Benchmark (% points): -7.82
Expense Ratio: 1.14%
Fund Assets (millions): $2,100
Return Below Benchmark (% points): -7.82
Expense Ratio: 1.14%
Fund Assets (millions): $2,100
10. Neuberger Berman Long Short (NLSAX)
3-Yr. Return: 2.27%
Return Below Benchmark (% points): -7.86
Expense Ratio: 1.69%
Fund Assets (millions): $2,791
Return Below Benchmark (% points): -7.86
Expense Ratio: 1.69%
Fund Assets (millions): $2,791
9. Invesco Energy (IENAX)
3-Yr. Return: -18.54%
Return Below Benchmark (% points): -8.39
Expense Ratio: 1.26%
Fund Assets (millions): $650
Return Below Benchmark (% points): -8.39
Expense Ratio: 1.26%
Fund Assets (millions): $650
8. Catalyst Hedged Futures Strategy (HFXAX)
3-Yr. Return: -2.57%
Return Below Benchmark (% points): -9.02
Expense Ratio: 2.17%
Fund Assets (millions): $2,436
Return Below Benchmark (% points): -9.02
Expense Ratio: 2.17%
Fund Assets (millions): $2,436
7. MFS Utilities (MMUFX)
3-Yr. Return: 1.86%
Return Below Benchmark (% points): -10.35
Expense Ratio: 0.99%
Fund Assets (millions): $4,033
Return Below Benchmark (% points): -10.35
Expense Ratio: 0.99%
Fund Assets (millions): $4,033
6. Ivy Science And Technology (WSTAX)
3-Yr. Return: 6.12%
Return Below Benchmark (% points): -10.78
Expense Ratio: 1.30%
Fund Assets (millions): $4,059
Return Below Benchmark (% points): -10.78
Expense Ratio: 1.30%
Fund Assets (millions): $4,059
5. Virtus Equity Trend (VAPAX)
3-Yr. Return: -1.48%
Return Below Benchmark (% points): -11.31
Expense Ratio: 1.50%
Fund Assets (millions): $592
Return Below Benchmark (% points): -11.31
Expense Ratio: 1.50%
Fund Assets (millions): $592
4. Waddell & Reed Science & Tech (UNSCX)
3-Yr. Return: 5.53%
Return Below Benchmark (% points): -11.37
Expense Ratio: 1.27%
Fund Assets (millions): $3,531
Return Below Benchmark (% points): -11.37
Expense Ratio: 1.27%
Fund Assets (millions): $3,531
3. AB All Market Real Return (AMTAX)
3-Yr. Return: -8.34%
Return Below Benchmark (% points): -12.91
Expense Ratio: 1.30%
Fund Assets (millions): $1,423
Return Below Benchmark (% points): -12.91
Expense Ratio: 1.30%
Fund Assets (millions): $1,423
2. Marketfield (MFADX)
3-Yr. Return: -4.70%
Return Below Benchmark (% points): -14.83
Expense Ratio: 1.83%
Fund Assets (millions): $509
Return Below Benchmark (% points): -14.83
Expense Ratio: 1.83%
Fund Assets (millions): $509
1. Pimco StocksPlus Short (PSSAX)
3-Yr. Return: -9.25%
Return Below Benchmark (% points): -19.38
Expense Ratio: 1.04%
Fund Assets (millions): $2,284
Return Below Benchmark (% points): -19.38
Expense Ratio: 1.04%
Fund Assets (millions): $2,284
