The 5 biggest losers in the S&P 500 this year have seen $720 billion in market value erased

Matthew Fox

December 8, 2022 6:08 PM

2022 has been a brutal year for investors as war, inflation, and outsized interest rate hikes have led to volatile markets and big losses in widely held blue chip stocks.

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2022 has been a brutal year for investors, with nearly 70% of S&P 500 companies delivering negative returns year-to-date.
And the losses have been big, with 20 S&P 500 companies getting cut in half so far in 2022.
The 5 biggest losers in the S&P 500 have erased $720 billion in market value so far this year.

The Samp;P 500 is down 17% year-to-date, with about 70% of companies in the index printing losses. And those losses are big!

Tesla alone has erased $553 billion in market value year-to-date, with the stock down just over 50%. Meanwhile, the combined year-to-date market value losses of mega-cap tech giants Apple, Alphabet, Amazon, and Microsoft have erased nearly $3 trillion in market value.

21 S&P 500 companies have lost at least 50% year-to-date, and the five biggest losers on a percentage basis are down more than 65%.

These are the five S&P 500 companies that have seen the biggest stock price declines so far in 2022, erasing a combined market value of $720 billion, according to data from Koyfin.

5. Meta Platforms

Mark Zuckerberg showed full avatar at Meta connect eventFacebook Business Insider USA

Ticker: META

YTD Performance: -66.1%Market Value Decline: $614.2 billion

4. Match Group

Tinder's 10th anniversary took place in September 2022.NurPhoto/Getty Images Business Insider USA

Ticker: MTCH

YTD Performance: -67.5%Market Value Decline: $25.2 billion

3. SVB Financial Group

Silicon Valley BankRafael Henrique/SOPA Images/LightRocket via Getty Images Business Insider USA

Ticker: SIVB

YTD Performance: -69.3%Market Value Decline: $27.0 billion

2. Align Technology

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Ticker: ALGN

YTD Performance: -71.5%Market Value Decline: $36.9 billion

1. Generac Holdings

A worker from Captain Electric makes final inspections on a newly installed 24-kilowatt Generac home generator on February 18, 2021 in Orem, Utah.Photo by George Frey/Getty Images Business Insider USA

Ticker: GNRC

YTD Performance: -74.2%Market Value Decline: $16.7 billion

Matthew Fox