ARENA
Index Performance
-8.50%
ARENA
+4.45%
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 May 3, 2024
CSV download
| Levi Strauss & Co. (LEVI) | 4.05% | $2.27B | -7.59% | 58.86% | 1.47 |
| NRG Energy, Inc. (NRG) | 4.02% | $16.46B | -9.60% | 13.80% | 0.80 |
| United Airlines Holdings, Inc. (UAL) | 3.97% | $16.98B | 9.71% | 4.72% | 0.67 |
| Spotify Technology SA (SPOT) | 3.89% | $57.81B | 20.91% | 27.39% | 3.37 |
| Comerica, Inc. (CMA) | 3.64% | $7.04B | 5.57% | N/A | 2.69 |
| Fifth Third Bancorp (FITB) | 3.61% | $25.67B | 17.16% | N/A | 3.30 |
| Bank of America Corp. (BAC) | 3.55% | $291.31B | 17.41% | N/A | 5.37 |
| Lincoln National Corp. (LNC) | 3.53% | $4.78B | 83.02% | N/A | 0.76 |
| M&T Bank Corp. (MTB) | 3.53% | $24.42B | 14.78% | N/A | 3.12 |
| Xcel Energy, Inc. (XEL) | 3.53% | $30.14B | -10.39% | 23.84% | 4.20 |
| Capital One Financial Corp. (COF) | 3.52% | $54.39B | 12.36% | N/A | 2.01 |
| The PNC Financial Services Group, Inc. (PNC) | 3.52% | $62.16B | 10.50% | N/A | 4.29 |
| Wells Fargo & Co. (WFC) | 3.49% | $208.97B | 12.52% | N/A | 2.16 |
| Raymond James Financial, Inc. (RJF) | 3.47% | $26.01B | 15.02% | 98.79% | N/A |
| FedEx Corp. (FDX) | 3.46% | $64.14B | -1.94% | 20.88% | 1.08 |
| Ford Motor Co. (F) | 3.46% | $48.51B | 3.14% | 8.71% | 0.96 |
| T-Mobile US, Inc. (TMUS) | 3.41% | $192.89B | -0.19% | 47.17% | 3.86 |
| Intuit, Inc. (INTU) | 3.38% | $176.18B | 11.34% | 71.20% | 12.21 |
| JPMorgan Chase & Co. (JPM) | 3.38% | $547.08B | 18.17% | N/A | 5.44 |
| AT&T, Inc. (T) | 3.37% | $120.82B | -0.37% | 43.38% | 2.36 |
| Fiserv, Inc. (FI) | 3.34% | $87.31B | 7.39% | 58.92% | 6.13 |
| Toyota Motor Corp. (7203) | 3.34% | $316.73B | 23.44% | 22.30% | 1.43 |
| American Airlines Group, Inc. (AAL) | 3.33% | $9.09B | 3.13% | 16.08% | 0.77 |
| SoFi Technologies, Inc. (SOFI) | 3.32% | $7.35B | 49.44% | 69.22% | 2.11 |
| MetLife, Inc. (MET) | 3.27% | $50.15B | 4.35% | N/A | 1.10 |
| SAP SE (SAP) | 3.25% | $214.09B | 8.06% | 71.81% | 6.50 |
| Oracle Corp. (ORCL) | 3.10% | $318.28B | 7.11% | 65.23% | 7.49 |
| Lumen Technologies, Inc. (Louisiana) (LUMN) | 2.82% | $1.34B | -11.99% | 27.05% | 1.34 |
| Petco Health & Wellness Company, Inc. (WOOF) | 2.46% | $359.27M | 3.63% | 37.63% | 0.57 |
Market data by FactSet
