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What does underperformed mean?

Looking for the meaning or definition of the word underperformed? Here's what it means.

Verb
  1. simple past tense and past participle of underperform
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Examples
In a noteworthy development, the broader market generally underperformed the major indices.
So it's no surprise that, based on their price-earnings ratio, their shares have long underperformed those of most rivals.
The mission would fail if any of the four engine burns needed to reach the Moon and get into lunar orbit underperformed.
Even if it has underperformed the market over a long period, has it demonstrated robustness through tough times?
Both came with endless preview videos, advance downloads, sneak peeks and assorted nonsense – and both underperformed.
In fact, the top 20 funds not only underperformed the market as time went on, but they also underperformed the average mutual fund.

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