Winners and Losers From Monday's Sell-Off

The market took another nosedive Monday after last week's dismal returns. Although the sell-off was broad based, some sectors and styles of stocks managed to maintain their footing better than others.

Historically, defensive stock sectors hold up the best during difficult times such as the past week. The broader market, as measured by the Morningstar U.S. market index is down more than 13% during the last week while consumer defense stocks only dropped by 6.7%. The utilities and health-care sectors also performed relatively better than the market as a whole.

Stocks with exposure to energy or commodity prices did not hold up as well. Concerns that a slowing global economy will sap demand for raw materials sent basic materials equities plummeting almost 20% in the last week.

Sector 1-Week YTD Consumer Defensive -6.69 -0.37 Utilities -9.91 -2.55 Health Care -10.71 -3.9 Technology -12.24 -10.32 Communication Services -13.56 -8.75 Industrials -14.71 -14.32 Consumer Cyclical -14.93 -9.99 Financial Services -17.39 -23.37 Real Estate -17.91 -10.15 Energy -18.13 -6.62 Basic Materials -19.06 -17.71

 

There has also been a clear move in favor of large-cap names as investors look to pick up higher-quality, better-established firms in the face of the economic uncertainty. Across the value-growth axis, firms with larger market caps outperformed their smaller-cap peers.

Style 1-Week YTD Large Core -12.05 -10.01 Large Cap -12.58 -9.44 Large Growth -12.76 -8.52 Large Value -13.07 -10.1 US Core -13.2 -10.72 US Growth -13.95 -9.21 US Value -14.04 -11.66 Mid Core -16.02 -12.03 Mid Value -16.04 -14.97 Mid Cap -16.37 -12.54 Mid Growth -17.05 -10.73 Small Growth -17.57 -13.95 Small Value -17.72 -17.28 Small Cap -17.76 -15.53 Small Core -17.97 -15.43