The S&P 500 (SPY) is now down more than 7% in barely the first two weeks of the year. The Dow Jones Industrial Average is also down more than 7% since Dec. 31.
Investors have put on the brakes as crude oil prices have been in free fall, with prices hovering around $30 a barrel. Commodities in general have been testing 12-year lows.
"The market is extremely bearish right now," Craig Erlam, senior market analyst at Oanda, told TheStreet. "U.S. stocks are going to have a rough ride in the first quarter and oil is, of course, in for more shocks ... Risk appetite is going to be fairly low for the first few months of the year."
Energy and commodity stocks make up the bulk of the 10 worst-performing S&P 500 stocks so far this year.
We've paired the list with ratings from TheStreet Ratings, TheStreet's proprietary ratings tool, for another perspective.
TheStreet Ratings uses a quantitative approach to rating over 4,300 stocks to predict return potential for the next year. The model is both objective, using elements such as volatility of past operating revenues, financial strength, and company cash flows, and subjective, including expected equity market returns, future interest rates, implied industry outlook and forecasted company earnings.