Index Performance
-1.50%
ARENA
+1.74%
SPY
Overview
Description
The Thematic Stadium Naming Rights Index is based on years of research showing companies that spend on naming sports stadiums make other poor business decisions. Bad sports stadium naming right deals are an indication of other poorly allocated marketing decisions and wasteful spending. According to research and analysis in 2007 by Michael Leeds, a sports economist at Temple University, and more recently, Nicholas Rossolillo, President and Investment Advisor at Concinnus Financial, in 2016, independently showed support for this investment thesis. These companies tend to underperform their peer group and the broader market. This is an inverse index that goes up when the underlying stocks go down.
Full methodology- TickerARENA
- Inception Date07/15/2022
- WeightingEqual
- # of holdings28
What's inside?
Holdings
All holdings as of February 13, 2026
CSV download
| Fifth Third Bancorp (FITB) | 7.90% | $35.14B | -2.36% | N/A | 3.42 |
| FedEx Corp. (FDX) | 4.60% | $86.87B | 6.84% | 21.87% | 1.07 |
| AT&T, Inc. (T) | 4.23% | $201.62B | 2.71% | 42.93% | 2.68 |
| Xcel Energy, Inc. (XEL) | 3.98% | $46.72B | 8.92% | 24.30% | 5.28 |
| Toyota Motor Corp. (7203) | 3.97% | $314.41B | 8.60% | 17.77% | 1.57 |
| M&T Bank Corp. (MTB) | 3.94% | $35.57B | -1.32% | N/A | 3.49 |
| T-Mobile US, Inc. (TMUS) | 3.93% | $236.55B | 8.49% | 47.64% | 3.92 |
| NRG Energy, Inc. (NRG) | 3.89% | $31.01B | 5.26% | 7.49% | 1.46 |
| The PNC Financial Services Group, Inc. (PNC) | 3.87% | $89.58B | 0.66% | N/A | 2.96 |
| Ford Motor Co. (F) | 3.69% | $55.85B | 1.23% | 12.18% | 0.96 |
| Lumen Technologies, Inc. (Louisiana) (LUMN) | 3.61% | $8.21B | -5.39% | 24.31% | 1.97 |
| Levi Strauss & Co. (LEVI) | 3.55% | $8.50B | -1.23% | 61.65% | 1.63 |
| Raymond James Financial, Inc. (RJF) | 3.44% | $31.02B | 4.77% | 87.90% | 1.50 |
| United Airlines Holdings, Inc. (UAL) | 3.38% | $35.38B | 3.52% | 28.78% | 0.94 |
| JPMorgan Chase & Co. (JPM) | 3.38% | $823.87B | 0.60% | N/A | 6.55 |
| Bank of America Corp. (BAC) | 3.37% | $378.80B | -2.19% | N/A | 5.90 |
| MetLife, Inc. (MET) | 3.34% | $50.97B | 8.59% | N/A | 0.95 |
| Wells Fargo & Co. (WFC) | 3.29% | $266.86B | -2.17% | N/A | 5.73 |
| Lincoln National Corp. (LNC) | 3.15% | $7.72B | -12.13% | N/A | 0.85 |
| American Airlines Group, Inc. (AAL) | 3.10% | $9.27B | 0.78% | 19.17% | 0.74 |
| Fiserv, Inc. (FI) | 3.08% | $31.64B | 3.60% | 59.36% | 3.07 |
| Petco Health & Wellness Company, Inc. (WOOF) | 3.03% | $680.61M | -3.11% | 35.45% | 0.61 |
| Capital One Financial Corp. (COF) | 3.00% | $131.53B | 41.95% | N/A | 2.86 |
| Oracle Corp. (ORCL) | 2.95% | $449.74B | 14.22% | 64.00% | 11.51 |
| SAP SE (SAP) | 2.94% | $229.24B | 7.68% | 73.48% | 6.62 |
| Spotify Technology SA (SPOT) | 2.77% | $91.76B | 14.41% | 31.86% | 5.85 |
| SoFi Technologies, Inc. (SOFI) | 2.54% | $24.33B | 26.64% | 68.73% | 6.15 |
| Intuit, Inc. (INTU) | 2.10% | $110.74B | 18.34% | 74.16% | 9.82 |
Market data by FactSet
