I expect that the sale of my current funds will result in substantial losses, but my thought process is that when the market recovers, I will be in the funds with better track records. Your line of thinking is fine. In addition, by swapping from one equity fund to another, you are not out of the market. Trying the time the market is not recommended. I did lose you on one point.
Past performance has nothing to do with future results.
Chasing mutual fund performance typically results in a lower overall return than staying in one place. If you do move, I recommend using no-load index funds to keep your expenses low and to gain broad market diversification. The place to shop for index funds is Vanguard. Take a look at the Vanguard Total Stock Market fund for starters. I don't know if I should just let them go as they are or look for something else.