Index Performance
+10.47%
ARENA
-7.85%
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 holdings29
What's inside?
Holdings
All holdings as of April 25, 2025
CSV download
| Petco Health & Wellness Company, Inc. (WOOF) | 4.55% | $876.38M | -2.22% | 38.00% | 0.60 |
| NRG Energy, Inc. (NRG) | 3.87% | $22.27B | -1.72% | 15.62% | 1.06 |
| Capital One Financial Corp. (COF) | 3.76% | $70.13B | 2.85% | N/A | 1.98 |
| Intuit, Inc. (INTU) | 3.72% | $172.83B | 17.04% | 73.33% | 10.17 |
| Spotify Technology SA (SPOT) | 3.72% | $120.01B | 18.38% | 30.06% | 5.13 |
| SAP SE (SAP) | 3.66% | $329.37B | 12.09% | 73.57% | 8.11 |
| JPMorgan Chase & Co. (JPM) | 3.62% | $676.88B | 3.63% | N/A | 5.95 |
| Xcel Energy, Inc. (XEL) | 3.62% | $40.13B | 7.16% | 22.28% | 5.24 |
| Ford Motor Co. (F) | 3.61% | $39.85B | 5.00% | 12.65% | 0.88 |
| Levi Strauss & Co. (LEVI) | 3.60% | $6.28B | -1.98% | 62.16% | 1.39 |
| SoFi Technologies, Inc. (SOFI) | 3.60% | $14.57B | 29.33% | 57.64% | 4.64 |
| AT&T, Inc. (T) | 3.57% | $195.68B | 1.99% | 43.76% | 2.92 |
| Toyota Motor Corp. (7203) | 3.54% | $253.86B | 2.91% | 19.20% | 1.57 |
| Raymond James Financial, Inc. (RJF) | 3.51% | $28.19B | 6.42% | 98.60% | N/A |
| Wells Fargo & Co. (WFC) | 3.45% | $226.46B | -7.12% | N/A | 4.33 |
| M&T Bank Corp. (MTB) | 3.40% | $27.43B | -4.63% | N/A | 3.16 |
| Bank of America Corp. (BAC) | 3.38% | $300.74B | -4.86% | N/A | 5.30 |
| FedEx Corp. (FDX) | 3.32% | $50.68B | 1.94% | 21.35% | 1.09 |
| Oracle Corp. (ORCL) | 3.28% | $392.99B | 6.40% | 66.43% | N/A |
| MetLife, Inc. (MET) | 3.28% | $51.73B | 6.10% | N/A | 1.09 |
| The PNC Financial Services Group, Inc. (PNC) | 3.28% | $63.22B | -4.21% | N/A | 2.76 |
| United Airlines Holdings, Inc. (UAL) | 3.27% | $22.48B | 5.38% | 25.16% | 0.70 |
| Comerica, Inc. (CMA) | 3.27% | $7.06B | -6.32% | N/A | 2.96 |
| T-Mobile US, Inc. (TMUS) | 3.27% | $268.84B | 6.59% | 49.26% | 5.01 |
| Fifth Third Bancorp (FITB) | 3.24% | $23.88B | -4.78% | N/A | 3.34 |
| Lincoln National Corp. (LNC) | 3.17% | $5.47B | 47.81% | N/A | 0.61 |
| American Airlines Group, Inc. (AAL) | 3.08% | $6.50B | -0.15% | 14.96% | 0.65 |
| Fiserv, Inc. (FI) | 2.92% | $98.71B | 5.06% | 59.63% | 7.37 |
| Lumen Technologies, Inc. (Louisiana) (LUMN) | 2.45% | $3.67B | -9.95% | 26.31% | 1.71 |
Market data by FactSet
