The term award has held a positive connotation for quite some time now. We end up rewarded when we do good things, when we improve, and when were generally make lives better for others and ourselves.
However, there are some awards that exist to do the opposite, to draw attention to the worst rather than the best. That's exactly what The Razzies do. Though, after some recent news, they have to pull back on some recent mocking they did.