Exchange funds LEDs that utilize option strategies and volatility have the worst performance among non-leveraged funds, DailyDelta Q100 Downlink Options Policy ETF (QDWN) According to FactSet data, it fell at a rate of 43%.
QDWN purchased the short-term bearish bet of the Nasdaq 100 through PROT purchase options, according to FactSet data. An active management strategy seeks capital appreciation while limiting the single-day risk to 10% or less of the net asset value.
The second worst performance is fardmax short coin options income strategy ETF (fiat)According to Factset, it fell 33%. The fund holds $49.8 million in assets and aims to provide current revenue and Coinbase Global, Inc through a synthetically covered PUT strategy. (Coin) reverse contact of stocks.
Products focused on volatility also struggled in May. Both ProShares VIX Short-term Futures ETF (VIXY) and IPath Series B S&P 500 VIX Short-term Futures ETN (VXX) According to fact set data, it fell by 27%.
Tracking futures contracts on the CBOE Volatility Index, with an average of one month expiration, Vixy Fund holds $129.7 million in assets. According to FactSet, VXX products provide similar short-term Vix futures exposure with $389.3 million in assets, but serve as a notes for exchange trading rather than traditional ETF structures.
The worst performing ETF in May 2025 - Source: Fact Set
this fardmax short N100 options income strategy ETF (YQQQ) According to FactSet, a loss of 13%. With $11.7 million in assets, the fund adopts a synthetic covered PUT strategy, aiming to reverse the Nasdaq-100 index while generating monthly revenue.
The top five deleters are WisdomTree Efficient Gold Plus Gold Miners Strategic Fund (GDMN)According to Factset, it fell 10%. The $36.6 million actively managed fund provides concentrated gold risks through mining company stocks and listed gold futures contracts.
Mining-centric ETF continues to decline Ishares MSCI Global Silver Miner ETF (SLVP) According to facts, it fell 9%. The fund holds $282.9 million in assets, tracking market equity indexes for companies around the world that make most of their revenue from silver mining.
Multiple fund rates were reduced by 8%. Through an actively managed market neutral strategy, AGF US Market Neutral Resistance Against Beta Fund (BTAL) Among low beta stocks, short shares of high beta stocks occupy a long-term position with assets of $386 million.
Natural gas exposure also damages performance U.S. Natural Gas Fund LP (UNG) According to Factset, it fell by 8%. With $363.3 million in assets, the fund signed a near-month futures contract in natural gas delivered at the Henry Hub in Louisiana, rolling expiration contracts to maintain exposure in the previous month.
Automatic trading strategy struggles TraderSai Large Equity and Cash ETF (HFSP) According to Factset, it fell by 8%. With its $848,200 asset, the fund uses a proprietary algorithm of human-supervised to trade the S&P 500 E-MINI futures position, which is based on intraday price changes.
The list of worst performers is Theme Miner ETF (AUMI)According to facts, this also lost 8%. The fund has $10.4 million in assets and tracks the market equity index of 30 of the world's largest gold mining companies.
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