8 Worst Performing Mutual Funds in 2024

5. Fidelity Select Health Care Svcs Port (FSHCX)

Mutual Fund’s 2024 Return: -13.24%

Fidelity Select Health Care Svcs Port (FSHCX) is a mutual fund that invests at least 80% of its assets in companies exposed to managing hospitals, nursing homes, and health maintenance organizations. It stands out as a mutual fund for investors looking to profit from increased spending on healthcare across the US. The fund provides diversified exposure to a range of companies.

Some of the fund’s most significant holdings are UnitedHealth Group, The Cigna Group, and McKesson Corp CVS Health Group. Nevertheless, it was one of the worst-performing mutual funds in 2024, as it went down by about 13.24%, having gained 1.51% in 2023. The mutual fund boasts a 6.15% five-year return with a 0.680% expense ratio.