ARENA
Index Performance
+5.63%
ARENA
-1.76%
SP500
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 September 28, 2023
CSV download
| FedEx Corp. (FDX) | 3.79% | $66.051B | -6.72% | 21.74% | 1.10x |
| Ford Motor Co. (F) | 3.60% | $48.710B | 11.85% | 11.50% | 0.96x |
| JPMorgan Chase & Co. (JPM) | 3.59% | $423.649B | 73.72% | N/A | 5.37x |
| AT&T, Inc. (T) | 3.56% | $106.306B | 0.92% | 44.84% | 2.36x |
| T-Mobile US, Inc. (TMUS) | 3.56% | $164.351B | -2.56% | 48.24% | 3.51x |
| Xcel Energy, Inc. (XEL) | 3.55% | $31.553B | -11.38% | 18.53% | 3.98x |
| NRG Energy, Inc. (NRG) | 3.54% | $8.839B | -15.96% | 15.93% | 0.71x |
| M&T Bank Corp. (MTB) | 3.54% | $20.667B | 62.42% | N/A | 3.17x |
| The PNC Financial Services Group, Inc. (PNC) | 3.52% | $48.511B | 50.38% | N/A | 4.06x |
| American Airlines Group, Inc. (AAL) | 3.51% | $8.239B | 4.72% | 29.51% | 0.80x |
| Spotify Technology SA (SPOT) | 3.50% | $29.248B | 13.44% | 24.05% | 2.25x |
| Levi Strauss & Co. (LEVI) | 3.48% | $1.315B | -9.24% | 57.67% | 1.16x |
| MetLife, Inc. (MET) | 3.46% | $47.227B | 6.86% | N/A | 0.88x |
| Bank of America Corp. (BAC) | 3.46% | $216.698B | 67.73% | N/A | 5.58x |
| Wells Fargo & Co. (WFC) | 3.44% | $149.498B | 112.20% | N/A | 2.28x |
| Intuit, Inc. (INTU) | 3.44% | $142.439B | 12.34% | 69.25% | 10.29x |
| Toyota Motor Corp. (7203) | 3.43% | $249.443B | 24.21% | 19.56% | 1.44x |
| SAP SE (SAP) | 3.41% | $149.521B | 0.49% | 71.90% | 4.62x |
| Fiserv, Inc. (FI) | 3.39% | $69.002B | 6.88% | 59.48% | 5.49x |
| Comerica, Inc. (CMA) | 3.39% | $5.264B | 63.11% | N/A | 4.55x |
| Raymond James Financial, Inc. (RJF) | 3.39% | $20.790B | 20.69% | 86.93% | 5.12x |
| Oracle Corp. (ORCL) | 3.37% | $286.594B | 8.81% | 64.88% | 8.19x |
| Capital One Financial Corp. (COF) | 3.36% | $36.424B | 36.89% | N/A | 1.98x |
| Lumen Technologies, Inc. (Louisiana) (LUMN) | 3.36% | $1.401B | -20.62% | 31.11% | 1.42x |
| United Airlines Holdings, Inc. (UAL) | 3.35% | $13.785B | 17.06% | 20.19% | 0.71x |
| Lincoln National Corp. (LNC) | 3.33% | $4.065B | -0.63% | N/A | 0.68x |
| Fifth Third Bancorp (FITB) | 3.30% | $16.927B | 41.14% | N/A | 3.23x |
| Petco Health & Wellness Company, Inc. (WOOF) | 3.29% | $0.879B | 3.37% | 38.74% | 0.82x |
| SoFi Technologies, Inc. (SOFI) | 3.10% | $7.221B | 73.87% | 59.98% | 4.77x |
Market data by FactSet
