ARENA
Index Performance
-23.86%
ARENA
+3.94%
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 September 13, 2024
CSV download
| Lumen Technologies, Inc. (Louisiana) (LUMN) | 15.88% | $6.19B | -10.73% | 26.68% | 1.35 |
| Petco Health & Wellness Company, Inc. (WOOF) | 3.61% | $1.08B | -0.46% | 34.85% | 0.59 |
| SoFi Technologies, Inc. (SOFI) | 3.42% | $8.25B | 27.14% | 54.55% | 2.15 |
| Comerica, Inc. (CMA) | 3.40% | $7.63B | -9.24% | N/A | 2.90 |
| Xcel Energy, Inc. (XEL) | 3.37% | $35.59B | 0.46% | 20.28% | 4.24 |
| AT&T, Inc. (T) | 3.33% | $155.16B | -0.40% | 44.58% | 2.44 |
| Fifth Third Bancorp (FITB) | 3.28% | $28.47B | 11.25% | N/A | 3.38 |
| The PNC Financial Services Group, Inc. (PNC) | 3.26% | $70.45B | 2.51% | N/A | 4.13 |
| Fiserv, Inc. (FI) | 3.26% | $100.69B | 7.38% | 61.17% | 5.68 |
| M&T Bank Corp. (MTB) | 3.22% | $28.20B | 1.57% | N/A | 3.24 |
| T-Mobile US, Inc. (TMUS) | 3.21% | $236.66B | 3.00% | 49.79% | 3.97 |
| Oracle Corp. (ORCL) | 3.20% | $448.98B | 6.86% | 65.96% | 8.86 |
| SAP SE (SAP) | 3.19% | $259.78B | 9.72% | 72.76% | 6.81 |
| FedEx Corp. (FDX) | 3.17% | $70.15B | -2.73% | 21.61% | 1.08 |
| MetLife, Inc. (MET) | 3.00% | $53.36B | 7.22% | N/A | 1.01 |
| Spotify Technology SA (SPOT) | 2.97% | $66.23B | 18.53% | 29.03% | 3.89 |
| JPMorgan Chase & Co. (JPM) | 2.92% | $581.32B | 23.89% | N/A | 5.38 |
| United Airlines Holdings, Inc. (UAL) | 2.91% | $16.51B | 5.70% | 17.29% | 0.63 |
| Intuit, Inc. (INTU) | 2.90% | $183.68B | 13.34% | 75.76% | 11.44 |
| Capital One Financial Corp. (COF) | 2.85% | $53.07B | 9.62% | N/A | 1.79 |
| NRG Energy, Inc. (NRG) | 2.84% | $16.73B | 6.35% | 18.30% | 0.96 |
| Bank of America Corp. (BAC) | 2.75% | $299.91B | 13.38% | N/A | 5.42 |
| Raymond James Financial, Inc. (RJF) | 2.74% | $24.28B | 13.22% | 84.08% | 1.26 |
| American Airlines Group, Inc. (AAL) | 2.66% | $7.02B | 1.99% | 24.28% | 0.72 |
| Lincoln National Corp. (LNC) | 2.60% | $5.01B | -4.57% | N/A | 0.76 |
| Ford Motor Co. (F) | 2.55% | $41.74B | 6.35% | 9.47% | 0.94 |
| Wells Fargo & Co. (WFC) | 2.55% | $179.65B | 8.99% | N/A | 4.03 |
| Toyota Motor Corp. (7203) | 2.52% | $234.99B | 12.24% | 20.51% | 1.65 |
| Levi Strauss & Co. (LEVI) | 2.43% | $2.10B | 7.96% | 60.89% | 1.70 |
Market data by FactSet
