Home Logon FTA Investment Managers Blog Subscribe About Us Contact Us

Search by Ticker, Keyword or CUSIP       
Blog Home
Bob Carey
Chief Market Strategist
X •  LinkedIn

  Worst-Performing S&P 500 Index Subsectors YTD (Thru 6/13)
Supporting Image for Blog Post


View from the Observation Deck

Today's blog post is for those investors who want to drill down below the sector level to see what is not performing well in the stock market. The S&P 500 Index was comprised of 11 sectors and 126 subsectors as of 6/9/23, according to S&P Dow Jones Indices. The 15 worst-performing subsectors in today’s chart posted total returns ranging from -8.34% (Gold) to -33.53% (Housewares & Specialties) over the period. Click here to view our last post on the worst performing subsectors.

  • As indicated in the chart above, the S&P 500 Index Consumer Staples, Financials, and Materials sectors each had three subsectors among the worst performers. Housewares and Specialties, a subsector of the Consumer Discretionary sector was the worst performer, posting a total return of -33.53% for the period.
  • With respect to the 11 sectors that comprise the S&P 500 Index, Energy posted the worst total return for the period, falling by 6.53%, according to Bloomberg. The second-and third-worst performers were Utilities and Health Care, with total returns of -5.33% and -2.79%, respectively. The S&P 500 Index posted a total return of 14.66% for the period.
  • Notably, while the Consumer Discretionary sector has the worst subsector represented in today’s chart (Housewares & Specialties), the broader sector posted the third-highest total return (29.27% through 6/13/23) of the 11 sectors that make up the S&P 500 Index.
  • The most heavily weighted sector in the S&P 500 Index was Information Technology at 27.59% as of 6/9/23, according to S&P Dow Jones Indices. For comparison Utilities, Materials, and Real Estate had the lowest weightings at 2.66%, 2.46%, and 2.42%, respectively.
  • Of the 11 sectors that comprise the S&P 500 Index, Energy had the lowest estimated year-end price-to-earnings (P/E) ratio (9.88 as of 5/31/23), followed by Financials and Materials with P/E ratios of 12.41 and 16.21, respectively.

Takeaway: The Consumer Staples, Financials, and Materials sectors account for nine of the fifteen worst-performing subsectors in today’s chart. Year-to-date through 6/13/23, Energy, Utilities, and Health Care have seen the worst total returns of the 11 sectors, having declined by 6.53%, 5.33%, and 2.79%, respectively over the period. As always, there are no guarantees, but there could be some potential deep value opportunities in this group of subsectors. For those investors who have interest, there is a growing number of packaged products, such as exchange-traded funds, that feature S&P 500 Index subsectors.

This chart is for illustrative purposes only and not indicative of any actual investment. The illustration excludes the effects of taxes and brokerage commissions and other expenses incurred when investing. Investors cannot invest directly in an index. The S&P 500 Index is an unmanaged index of 500 companies used to measure large-cap U.S. stock market performance, while the S&P sector and subsector indices are capitalization-weighted and comprised of S&P 500 constituents representing a specific sector or industry.

Download a PDF of this post, please click here.

Posted on Thursday, June 15, 2023 @ 1:58 PM • Post Link Print this post Printer Friendly

These posts were prepared by First Trust Advisors L.P., and reflect the current opinion of the authors. They are based upon sources and data believed to be accurate and reliable. Opinions and forward looking statements expressed are subject to change without notice. This information does not constitute a solicitation or an offer to buy or sell any security.
Search Posts
Market Commentary and Analysis
Market Commentary Video
Monthly Talking Points
Quarterly Newsletter
Market Observations
Subscribe To Receive Email

Top-Performing S&P 500 Index Subsectors YTD (Thru 6/9)
Global Equity Returns Spanning The COVID-19 Pandemic
An Update On Energy-Related Stocks
Global Government Bond Yields
Real Rate Of The 10-Year Treasury Note
International Revenues By Sector
Recession? Don’t Ask The Equity Markets…
What’s Going On With the Dollar?
An Update On Covered Call Returns
S&P 500 Index Dividend Payout Profile
Skip Navigation Links.
Search by Topic
Skip Navigation Links.

The information presented is not intended to constitute an investment recommendation for, or advice to, any specific person. By providing this information, First Trust is not undertaking to give advice in any fiduciary capacity within the meaning of ERISA, the Internal Revenue Code or any other regulatory framework. Financial professionals are responsible for evaluating investment risks independently and for exercising independent judgment in determining whether investments are appropriate for their clients.
Follow First Trust:  
First Trust Portfolios L.P.  Member SIPC and FINRA. (Form CRS)   •  First Trust Advisors L.P. (Form CRS)
Home |  Important Legal Information |  Privacy Policy |  California Privacy Policy |  Business Continuity Plan |  FINRA BrokerCheck
Copyright © 2024 All rights reserved.