Index Performance
-10.74%
ARENA
+4.92%
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 August 12, 2026
CSV download
| SAP SE (SAP) | 4.56% | $236.76B | 9.42% | 73.39% | 4.06 |
| Intuit, Inc. (INTU) | 4.38% | $91.56B | 10.37% | 82.52% | 5.13 |
| Lincoln National Corp. (LNC) | 3.97% | $8.44B | 19.40% | N/A | 0.72 |
| Raymond James Financial, Inc. (RJF) | 3.90% | $34.85B | 11.82% | 88.47% | 1.29 |
| Bank of America Corp. (BAC) | 3.81% | $453.20B | 0.28% | N/A | 5.93 |
| M&T Bank Corp. (MTB) | 3.76% | $36.62B | 1.03% | N/A | 4.05 |
| Toyota Motor Corp. (7203) | 3.73% | $222.79B | 10.38% | 18.03% | 1.31 |
| AT&T, Inc. (T) | 3.73% | $166.17B | 2.30% | 46.09% | 2.41 |
| Capital One Financial Corp. (COF) | 3.72% | $136.46B | 42.16% | N/A | 2.11 |
| JPMorgan Chase & Co. (JPM) | 3.71% | $970.72B | 18.21% | N/A | 7.17 |
| MetLife, Inc. (MET) | 3.71% | $61.43B | 11.37% | N/A | 0.97 |
| The PNC Financial Services Group, Inc. (PNC) | 3.68% | $101.91B | 13.81% | N/A | 5.21 |
| Petco Health & Wellness Company, Inc. (WOOF) | 3.68% | $779.59M | 0.22% | 38.38% | 0.58 |
| Fiserv, Inc. (FI) | 3.67% | $27.42B | -4.06% | 55.22% | 2.57 |
| Fifth Third Bancorp (FITB) | 3.66% | $52.61B | 35.16% | N/A | 4.71 |
| Spotify Technology SA (SPOT) | 3.58% | $100.80B | 16.87% | 33.33% | 4.06 |
| Wells Fargo & Co. (WFC) | 3.56% | $268.92B | 8.15% | N/A | 5.39 |
| United Airlines Holdings, Inc. (UAL) | 3.54% | $40.61B | 15.99% | 24.32% | 0.98 |
| SoFi Technologies, Inc. (SOFI) | 3.52% | $23.17B | 39.09% | 62.21% | 4.31 |
| Xcel Energy, Inc. (XEL) | 3.37% | $49.10B | -4.94% | 28.73% | 6.15 |
| FedEx Corp. (FDX) | 3.35% | $77.31B | 7.73% | 21.77% | 1.35 |
| T-Mobile US, Inc. (TMUS) | 3.30% | $190.00B | 7.85% | 49.69% | 3.23 |
| Ford Motor Co. (F) | 3.29% | $55.15B | -3.76% | 7.15% | 1.00 |
| Levi Strauss & Co. (LEVI) | 3.21% | $8.64B | 7.88% | 63.39% | 1.57 |
| American Airlines Group, Inc. (AAL) | 3.12% | $9.88B | 16.28% | 17.87% | 0.67 |
| Oracle Corp. (ORCL) | 2.95% | $441.52B | 17.35% | 63.34% | 11.86 |
| NRG Energy, Inc. (NRG) | 2.92% | $25.36B | 11.07% | 23.84% | 1.66 |
| Lumen Technologies, Inc. (Louisiana) (LUMN) | 2.61% | $6.49B | -9.28% | 25.74% | 1.63 |
Market data by FactSet
