Heading into Friday’s session, the S&P 500 looks poised to close May in fine form. The benchmark U.S. index is residing near all-time highs and is sitting on a May gain of almost 2%.
Those are impressive accomplishments in any month, but even more so in May. The fifth month of the year marks the start of what is, historically, the weakest six-month period for stocks.
But as is the case every month, regardless of how strong the broader market was in that month, there were noticeable pockets of weakness in May. Notable about this month’s group of the worst-performing exchange traded products is that several of these ETFs and ETNs have been stars for much of this year.
All performance data on this list is courtesy of Morningstar and is as of Thursday’s close. The list starts with the…