Index Performance
-4.65%
ARENA
+3.88%
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.
- TickerARENA
- Inception Date07/15/2022
- WeightingEqual
- # of holdings28
What's inside?
Holdings
All holdings as of September 8, 2026
CSV download
| SAP SE (SAP) | 4.80% | $246.79B | 9.42% | 73.39% | 4.06 |
| Intuit, Inc. (INTU) | 4.25% | $87.24B | 13.90% | 77.91% | 4.13 |
| AT&T, Inc. (T) | 4.01% | $175.42B | 2.30% | 46.09% | 2.41 |
| Lincoln National Corp. (LNC) | 3.97% | $8.29B | 19.40% | N/A | 0.72 |
| Spotify Technology SA (SPOT) | 3.93% | $108.84B | 16.87% | 33.33% | 4.06 |
| Toyota Motor Corp. (7203) | 3.89% | $228.89B | 10.38% | 18.03% | 1.31 |
| Raymond James Financial, Inc. (RJF) | 3.86% | $33.96B | 11.82% | 88.47% | 1.29 |
| MetLife, Inc. (MET) | 3.75% | $60.69B | 11.37% | N/A | 0.97 |
| Bank of America Corp. (BAC) | 3.74% | $436.28B | 0.28% | N/A | 5.93 |
| Fiserv, Inc. (FI) | 3.68% | $27.05B | -4.06% | 55.22% | 2.57 |
| JPMorgan Chase & Co. (JPM) | 3.66% | $939.70B | 18.21% | N/A | 7.17 |
| Capital One Financial Corp. (COF) | 3.66% | $131.26B | 42.16% | N/A | 2.11 |
| Wells Fargo & Co. (WFC) | 3.61% | $265.99B | 8.15% | N/A | 5.39 |
| M&T Bank Corp. (MTB) | 3.60% | $34.43B | 1.03% | N/A | 4.05 |
| SoFi Technologies, Inc. (SOFI) | 3.60% | $23.26B | 39.09% | 62.21% | 4.31 |
| Petco Health & Wellness Company, Inc. (WOOF) | 3.57% | $744.69M | 0.05% | 39.10% | 0.56 |
| The PNC Financial Services Group, Inc. (PNC) | 3.57% | $96.91B | 13.81% | N/A | 5.21 |
| Fifth Third Bancorp (FITB) | 3.50% | $49.43B | 35.16% | N/A | 4.71 |
| T-Mobile US, Inc. (TMUS) | 3.45% | $194.89B | 7.85% | 49.69% | 3.23 |
| Ford Motor Co. (F) | 3.43% | $55.83B | -3.76% | 7.15% | 1.00 |
| Xcel Energy, Inc. (XEL) | 3.36% | $48.02B | -4.94% | 28.73% | 6.15 |
| FedEx Corp. (FDX) | 3.28% | $74.35B | 7.73% | 21.77% | 1.35 |
| Oracle Corp. (ORCL) | 3.19% | $468.13B | 17.35% | 63.34% | 11.86 |
| United Airlines Holdings, Inc. (UAL) | 3.12% | $35.13B | 15.99% | 24.32% | 0.98 |
| Levi Strauss & Co. (LEVI) | 3.04% | $8.02B | 7.88% | 63.39% | 1.57 |
| NRG Energy, Inc. (NRG) | 2.96% | $25.15B | 11.07% | 23.84% | 1.66 |
| Lumen Technologies, Inc. (Louisiana) (LUMN) | 2.81% | $6.85B | -9.28% | 25.74% | 1.63 |
| American Airlines Group, Inc. (AAL) | 2.74% | $8.55B | 16.28% | 17.87% | 0.67 |
Market data by FactSet
