The 12 Worst Investment Funds Over the Past Decade


This post is by Marcus Lu from Visual Capitalist


See this visualization first on the Voronoi app.

Graphic ranking the worst investment funds over the past decade

The 12 Worst Investment Funds Over the Past Decade

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources. In this graphic, we visualize the 12 worst investment funds over the past decade, as of Dec. 31, 2023. This ranking was compiled by Morningstar, and is based on the amount of shareholder wealth lost. The data we used to create this graphic can also be found in the table below.
FundTickerCategoryEstimated Wealth Lost
($ billions)
iShares MSCI China ETFMCHIEmerging Markets-$2.8
iShares Core MSCI
Emerging Markets ETF
IEMGEmerging Markets-$3.0
ProShares Short
S&P 500
SHInverse Equity-$3.2
ProShares UltraShort
S&P 500
SDSInverse Equity-$3.3
ProShares UltraPro
Short S&P 500
SPXUInverse Equity-$3.7
iShares China
Large-Cap ETF
FXIEmerging Markets-$3.7
PIMCO Commodity
Real Return Strat 12
PCRPXCommodities-$3.8
ARK Genomic Revolution
ETF
ARKGThematic-$4.2
KraneShares CSI China
Internet ETF
KWEBEmerging Markets-$5.9
ARK Innovation ETFARKKThematic-$7.1
ProShares Ultra VIX
Short-Term Futures
UVXYVolatility-$7.2
ProShares UltraPro
Short QQQ
SQQQInverse Equity-$8.5
From this list we can see that many of these funds are focused on emerging markets like China, or follow an “inverse equity” strategy, meaning they short their respective index. Two noteworthy outliers are the ARK Innovation ETF and ARK Genomic Revolution ETF, which attempt (Read more…)