Index Performance
+5.94%
ARENA
+9.87%
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 May 14, 2026
CSV download
| Lumen Technologies, Inc. (Louisiana) (LUMN) | 5.42% | $9.10B | -5.39% | 24.31% | 2.06 |
| Oracle Corp. (ORCL) | 4.46% | $498.36B | 21.66% | 62.16% | 8.61 |
| Ford Motor Co. (F) | 4.27% | $49.39B | 1.23% | 12.18% | 0.96 |
| American Airlines Group, Inc. (AAL) | 4.14% | $8.00B | 10.84% | 16.17% | 0.60 |
| Levi Strauss & Co. (LEVI) | 4.08% | $8.58B | 13.94% | 62.22% | 1.58 |
| MetLife, Inc. (MET) | 3.93% | $50.66B | 8.59% | N/A | 0.96 |
| Fifth Third Bancorp (FITB) | 3.70% | $44.97B | 25.63% | N/A | 4.00 |
| Raymond James Financial, Inc. (RJF) | 3.69% | $30.24B | 10.87% | 98.52% | N/A |
| United Airlines Holdings, Inc. (UAL) | 3.63% | $30.18B | 10.56% | 25.14% | 0.78 |
| The PNC Financial Services Group, Inc. (PNC) | 3.63% | $88.69B | 8.22% | N/A | 3.47 |
| FedEx Corp. (FDX) | 3.62% | $92.57B | 8.30% | 21.35% | 1.33 |
| Bank of America Corp. (BAC) | 3.61% | $373.55B | -1.91% | N/A | 5.64 |
| JPMorgan Chase & Co. (JPM) | 3.58% | $831.44B | 7.19% | N/A | 7.13 |
| Xcel Energy, Inc. (XEL) | 3.58% | $49.40B | 8.94% | 24.47% | 5.39 |
| M&T Bank Corp. (MTB) | 3.56% | $32.02B | 2.58% | N/A | 3.82 |
| Lincoln National Corp. (LNC) | 3.52% | $7.07B | -9.35% | N/A | 0.83 |
| Capital One Financial Corp. (COF) | 3.48% | $118.48B | 42.54% | N/A | 2.11 |
| SAP SE (SAP) | 3.24% | $201.58B | 6.01% | 73.22% | 4.56 |
| Wells Fargo & Co. (WFC) | 3.23% | $243.37B | 6.07% | N/A | 5.40 |
| SoFi Technologies, Inc. (SOFI) | 3.22% | $23.52B | 26.64% | 61.06% | 6.19 |
| Fiserv, Inc. (FI) | 3.19% | $32.54B | 3.60% | 59.40% | 3.11 |
| NRG Energy, Inc. (NRG) | 3.14% | $34.29B | 9.12% | 15.83% | 1.44 |
| Spotify Technology SA (SPOT) | 3.10% | $106.62B | 14.41% | 31.86% | 5.85 |
| Toyota Motor Corp. (7203) | 3.09% | $250.83B | 8.60% | 17.77% | 1.57 |
| T-Mobile US, Inc. (TMUS) | 3.07% | $209.13B | 8.49% | 47.64% | 3.92 |
| Petco Health & Wellness Company, Inc. (WOOF) | 3.02% | $836.01M | -2.53% | 38.67% | 0.56 |
| AT&T, Inc. (T) | 2.99% | $182.97B | 2.87% | 44.35% | 2.90 |
| Intuit, Inc. (INTU) | 2.83% | $109.50B | 17.36% | 74.97% | 7.14 |
Market data by FactSet
