S&P/ASX All Ordinaries Index (ASX: XAO) shares are up 4.85% in the year to date.
Of the 500 companies making up the ASX All Ords index, 326 shares have recorded capital growth this year.
Among the 174 companies that have lost value are the following three ASX stocks.
Despite significant share price falls this year, experts say current investors should continue to hold them.
Here's why.
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3 ASX shares down 20% to 40% in 2025
Analysts have revealed hold ratings on these three ASX stocks despite substantial price falls in the year to date (YTD).
WiseTech Global Ltd (ASX: WTC)
Wisetech is the largest ASX tech share with a market capitalisation of $25 billion.
The Wisetech share price closed at $74.01, up 0.18% yesterday and down 40.3% in the YTD.
On The Bull this week, Ben Faulkner from Sanlam Private Wealth explained their hold rating on Wisetech shares.
Faulkner said:
WiseTech is a global leader in logistics software. It offers market dominance, high margins and long term growth potential.
The recent acquisition of e2open offers upside. Recent corporate matters and board changes have discounted the stock to a level where it offers compelling long term value, in our view.
WiseTech's flagship platform CargoWise is used by 24 of the top 25 largest freight forwarders and 46 of the top 50 logistics providers worldwide.
Tech shares endured a rough month in November amid fears that the artificial intelligence revolution may be creating a market bubble.
Bendigo and Adelaide Bank Ltd (ASX: BEN)
Bendigo and Adelaide Bank is an ASX bank share with a market cap of $6 billion.
The Bendigo and Adelaide Bank share price closed at $10.37 on Tuesday, down 0.48% for the day and down 20.6% in 2025.
Jabin Hallihan from Family Financial Solutions notes that the ASX share is trading below their $11 price target.
Hallihan explained his hold rating:
Bendigo and Adelaide Bank is one of Australia's largest regional banks. Recently, an independent report highlighted weaknesses in the bank's anti-money laundering and counter terrorism financing controls. The shares plunged on the news.
The bank is committed to undertaking the necessary enhancements to systems, frameworks and processes to ensure full compliance with its obligations under the Anti-Money Laundering and Counter Terrorism Financing Act 2006.
We suggest holding the stock, but investors should monitor regulatory developments and the bank's remediation plan.
Goodman Group (ASX: GMG)
Goodman Group is the largest ASX property share with a market cap of $60 billion.
The Goodman Group share price closed at $29.28, down 1.28% yesterday and down 18.7% in the YTD.
On The Bull last week, Stuart Bromley from Medallion Financial Group explained his hold rating on Goodman Group shares.
Goodman Group continues to position itself as a global leader in industrial property, supported by high quality tenants, such as Amazon, Samsung, Telstra, Coles and Australia Post.
Its portfolio remains robust, with strong occupancy amid long lease terms and a conservative balance sheet relative to peers.
With most new development geared towards data centres and artificial intelligence-driven infrastructure, Goodman is well placed to benefit from long term structural growth.
We view Goodman as a high quality, long term firm that we're happy to hold.
