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While the S&P 500 hit historic highs this year, 2025 has also been a year of turbulence. The S&P 500 is more concentrated than ever, with just 10 companies accounting for about 40% of the index. Just a handful of mega-cap stocks are dictating the direction of the broader market to an increasingly greater degree, driven by increasing demand for software and AI.
In an environment of high uncertainty and disruption, many large companies have suffered devastating losses in market value. Rising medical costs, regulatory uncertainty, and changes to reimbursement structures have hurt many healthcare giants, while consumer staples like General Mills and Conagra Brands have struggled amid slowing demand and higher input costs. Retailers like Target and lululemon have been dragged down by weakening consumer spending and inventory challenges.
Meanwhile, software and IT firms like Salesforce, Gartner, and EPAM Systems saw declines as enterprise spending cooled. Renewable energy companies like Enphase Energy also took a hit, as the Trump administration moved to halt subsidies for green energy.
As of early July, eight S&P 500 companies have posted losses of more than 30% on the stock market. One stock fell by nearly 50%. A closer look at the data reveals the worst performing S&P 500 stocks so far this year.
To determine the S&P 500 stocks with the worst year-to-date returns in 2025, My Investing News reviewed data on daily closing prices from Yahoo Finance. Companies were ranked based on percentage change in closing price from January 1, 2025 to July 9, 2025.
40. IQVIA Holdings Inc. (IQV)
- Year-to-date return, January 1, 2025 to July 9, 2025: -17.0%
- Closing price, January 1, 2025: $195.12
- Closing price, July 8, 2025: $162.02
- Average daily trade volume: 2,317,615
- Industry: Diagnostics & Research
39. Fiserv, Inc. (FI)
- Year-to-date return, January 1, 2025 to July 9, 2025: -17.0%
- Closing price, January 1, 2025: $205.98
- Closing price, July 8, 2025: $170.95
- Average daily trade volume: 5,162,021
- Industry: Information Technology Services
38. CarMax, Inc. (KMX)
- Year-to-date return, January 1, 2025 to July 9, 2025: -17.2%
- Closing price, January 1, 2025: $81.22
- Closing price, July 8, 2025: $67.27
- Average daily trade volume: 3,495,823
- Industry: Auto & Truck Dealerships
37. Dayforce Inc (DAY)
- Year-to-date return, January 1, 2025 to July 9, 2025: -17.3%
- Closing price, January 1, 2025: $71.39
- Closing price, July 8, 2025: $59.06
- Average daily trade volume: 1,934,945
- Industry: Software - Application
36. The Cooper Companies, Inc. (COO)
- Year-to-date return, January 1, 2025 to July 9, 2025: -17.3%
- Closing price, January 1, 2025: $90.66
- Closing price, July 8, 2025: $74.95
- Average daily trade volume: 2,551,676
- Industry: Medical Instruments & Supplies
35. Molina Healthcare, Inc. (MOH)
- Year-to-date return, January 1, 2025 to July 9, 2025: -17.4%
- Closing price, January 1, 2025: $287.24
- Closing price, July 8, 2025: $237.22
- Average daily trade volume: 737,791
- Industry: Healthcare Plans
34. General Mills, Inc. (GIS)
- Year-to-date return, January 1, 2025 to July 9, 2025: -17.8%
- Closing price, January 1, 2025: $62.26
- Closing price, July 8, 2025: $51.20
- Average daily trade volume: 5,154,908
- Industry: Packaged Foods
33. Salesforce, Inc. (CRM)
- Year-to-date return, January 1, 2025 to July 9, 2025: -17.8%
- Closing price, January 1, 2025: $329.62
- Closing price, July 8, 2025: $270.92
- Average daily trade volume: 7,418,376
- Industry: Software - Application
32. Equinix, Inc. (EQIX)
- Year-to-date return, January 1, 2025 to July 9, 2025: -18.2%
- Closing price, January 1, 2025: $934.32
- Closing price, July 8, 2025: $764.71
- Average daily trade volume: 644,620
- Industry: REIT - Specialty
31. Alexandria Real Estate Equities, Inc. (ARE)
- Year-to-date return, January 1, 2025 to July 9, 2025: -18.4%
- Closing price, January 1, 2025: $94.42
- Closing price, July 8, 2025: $77.07
- Average daily trade volume: 1,768,965
- Industry: REIT - Office
30. ONEOK, Inc. (OKE)
- Year-to-date return, January 1, 2025 to July 9, 2025: -18.4%
- Closing price, January 1, 2025: $99.44
- Closing price, July 8, 2025: $81.16
- Average daily trade volume: 3,804,113
- Industry: Oil & Gas Midstream
29. Gartner, Inc. (IT)
- Year-to-date return, January 1, 2025 to July 9, 2025: -18.4%
- Closing price, January 1, 2025: $483.30
- Closing price, July 8, 2025: $394.44
- Average daily trade volume: 683,140
- Industry: Information Technology Services
28. Halliburton Company (HAL)
- Year-to-date return, January 1, 2025 to July 9, 2025: -19.3%
- Closing price, January 1, 2025: $27.31
- Closing price, July 8, 2025: $22.04
- Average daily trade volume: 15,160,386
- Industry: Oil & Gas Equipment & Services
27. HP Inc. (HPQ)
- Year-to-date return, January 1, 2025 to July 9, 2025: -19.4%
- Closing price, January 1, 2025: $31.78
- Closing price, July 8, 2025: $25.62
- Average daily trade volume: 8,754,630
- Industry: Computer Hardware
26. Thermo Fisher Scientific Inc. (TMO)
- Year-to-date return, January 1, 2025 to July 9, 2025: -19.5%
- Closing price, January 1, 2025: $521.59
- Closing price, July 8, 2025: $419.88
- Average daily trade volume: 2,741,010
- Industry: Diagnostics & Research
25. Fair Isaac Corporation (FICO)
- Year-to-date return, January 1, 2025 to July 9, 2025: -20.3%
- Closing price, January 1, 2025: $1995.92
- Closing price, July 8, 2025: $1591.73
- Average daily trade volume: 287,805
- Industry: Software - Application
24. EPAM Systems, Inc. (EPAM)
- Year-to-date return, January 1, 2025 to July 9, 2025: -20.7%
- Closing price, January 1, 2025: $229.16
- Closing price, July 8, 2025: $181.73
- Average daily trade volume: 777,270
- Industry: Information Technology Services
23. The Clorox Company (CLX)
- Year-to-date return, January 1, 2025 to July 9, 2025: -20.9%
- Closing price, January 1, 2025: $159.21
- Closing price, July 8, 2025: $126.00
- Average daily trade volume: 1,746,281
- Industry: Household & Personal Products
22. Dow Inc. (DOW)
- Year-to-date return, January 1, 2025 to July 9, 2025: -21.2%
- Closing price, January 1, 2025: $37.89
- Closing price, July 8, 2025: $29.84
- Average daily trade volume: 10,652,553
- Industry: Chemicals
21. Lamb Weston Holdings, Inc. (LW)
- Year-to-date return, January 1, 2025 to July 9, 2025: -21.4%
- Closing price, January 1, 2025: $65.18
- Closing price, July 8, 2025: $51.26
- Average daily trade volume: 1,781,711
- Industry: Packaged Foods
20. Becton, Dickinson and Company (BDX)
- Year-to-date return, January 1, 2025 to July 9, 2025: -21.7%
- Closing price, January 1, 2025: $224.11
- Closing price, July 8, 2025: $175.50
- Average daily trade volume: 3,036,060
- Industry: Medical Instruments & Supplies
19. Moderna, Inc. (MRNA)
- Year-to-date return, January 1, 2025 to July 9, 2025: -21.9%
- Closing price, January 1, 2025: $42.00
- Closing price, July 8, 2025: $32.79
- Average daily trade volume: 10,785,456
- Industry: Biotechnology
18. Tesla, Inc. (TSLA)
- Year-to-date return, January 1, 2025 to July 9, 2025: -22.0%
- Closing price, January 1, 2025: $379.28
- Closing price, July 8, 2025: $295.88
- Average daily trade volume: 113,033,141
- Industry: Auto Manufacturers
17. Regeneron Pharmaceuticals, Inc. (REGN)
- Year-to-date return, January 1, 2025 to July 9, 2025: -22.5%
- Closing price, January 1, 2025: $713.22
- Closing price, July 8, 2025: $552.58
- Average daily trade volume: 1,316,738
- Industry: Biotechnology
16. Constellation Brands, Inc. (STZ)
- Year-to-date return, January 1, 2025 to July 9, 2025: -23.2%
- Closing price, January 1, 2025: $220.04
- Closing price, July 8, 2025: $169.04
- Average daily trade volume: 2,134,428
- Industry: Beverages - Brewers
15. Viatris Inc. (VTRS)
- Year-to-date return, January 1, 2025 to July 9, 2025: -23.7%
- Closing price, January 1, 2025: $12.09
- Closing price, July 8, 2025: $9.23
- Average daily trade volume: 13,993,006
- Industry: Drug Manufacturers - Specialty & Generic
14. Target Corporation (TGT)
- Year-to-date return, January 1, 2025 to July 9, 2025: -23.8%
- Closing price, January 1, 2025: $134.49
- Closing price, July 8, 2025: $102.43
- Average daily trade volume: 7,137,828
- Industry: Discount Stores
13. Conagra Brands, Inc. (CAG)
- Year-to-date return, January 1, 2025 to July 9, 2025: -24.2%
- Closing price, January 1, 2025: $26.90
- Closing price, July 8, 2025: $20.38
- Average daily trade volume: 7,185,186
- Industry: Packaged Foods
12. The Campbell's Company (CPB)
- Year-to-date return, January 1, 2025 to July 9, 2025: -25.2%
- Closing price, January 1, 2025: $41.11
- Closing price, July 8, 2025: $30.74
- Average daily trade volume: 4,195,956
- Industry: Packaged Foods
11. Bio-Techne Corporation (TECH)
- Year-to-date return, January 1, 2025 to July 9, 2025: -26.2%
- Closing price, January 1, 2025: $71.28
- Closing price, July 8, 2025: $52.59
- Average daily trade volume: 2,326,263
- Industry: Biotechnology
10. Teradyne, Inc. (TER)
- Year-to-date return, January 1, 2025 to July 9, 2025: -26.5%
- Closing price, January 1, 2025: $126.23
- Closing price, July 8, 2025: $92.78
- Average daily trade volume: 3,162,333
- Industry: Semiconductor Equipment & Materials
9. Global Payments Inc. (GPN)
- Year-to-date return, January 1, 2025 to July 9, 2025: -27.5%
- Closing price, January 1, 2025: $111.24
- Closing price, July 8, 2025: $80.65
- Average daily trade volume: 3,490,950
- Industry: Specialty Business Services
8. West Pharmaceutical Services, Inc. (WST)
- Year-to-date return, January 1, 2025 to July 9, 2025: -31.0%
- Closing price, January 1, 2025: $327.86
- Closing price, July 8, 2025: $226.18
- Average daily trade volume: 747,248
- Industry: Medical Instruments & Supplies
7. PG&E Corporation (PCG)
- Year-to-date return, January 1, 2025 to July 9, 2025: -32.2%
- Closing price, January 1, 2025: $19.94
- Closing price, July 8, 2025: $13.52
- Average daily trade volume: 22,442,261
- Industry: Utilities - Regulated Electric
6. Edison International (EIX)
- Year-to-date return, January 1, 2025 to July 9, 2025: -34.0%
- Closing price, January 1, 2025: $76.74
- Closing price, July 8, 2025: $50.63
- Average daily trade volume: 3,595,631
- Industry: Utilities - Regulated Electric
5. lululemon athletica inc. (LULU)
- Year-to-date return, January 1, 2025 to July 9, 2025: -36.6%
- Closing price, January 1, 2025: $372.31
- Closing price, July 8, 2025: $235.89
- Average daily trade volume: 2,816,685
- Industry: Apparel Retail
4. UnitedHealth Group Incorporated (UNH)
- Year-to-date return, January 1, 2025 to July 9, 2025: -39.3%
- Closing price, January 1, 2025: $498.82
- Closing price, July 8, 2025: $302.91
- Average daily trade volume: 17,927,430
- Industry: Healthcare Plans
3. Enphase Energy, Inc. (ENPH)
- Year-to-date return, January 1, 2025 to July 9, 2025: -40.0%
- Closing price, January 1, 2025: $71.36
- Closing price, July 8, 2025: $42.85
- Average daily trade volume: 8,335,551
- Industry: Solar
2. Centene Corporation (CNC)
- Year-to-date return, January 1, 2025 to July 9, 2025: -45.3%
- Closing price, January 1, 2025: $60.51
- Closing price, July 8, 2025: $33.09
- Average daily trade volume: 7,787,066
- Industry: Healthcare Plans
1. Deckers Outdoor Corporation (DECK)
- Year-to-date return, January 1, 2025 to July 9, 2025: -48.7%
- Closing price, January 1, 2025: $204.54
- Closing price, July 8, 2025: $104.91
- Average daily trade volume: 3,217,486
- Industry: Footwear & Accessories