Index Performance
-10.80%
ARENA
+2.96%
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?
Sectors
- Finance45.99%
- Technology Services13.34%
- Transportation10.60%
- Communications9.74%
- Utilities7.14%
- Consumer Durables6.80%
- Consumer Non-Durables3.32%
- Retail Trade3.07%
Holdings
All holdings as of January 17, 2025
CSV download
NRG Energy, Inc. (NRG) | 3.84% | $21.17B | -10.12% | 17.32% | 1.04 |
United Airlines Holdings, Inc. (UAL) | 3.67% | $35.31B | 2.48% | 14.38% | 0.68 |
Wells Fargo & Co. (WFC) | 3.64% | $256.64B | 7.90% | N/A | 4.06 |
Comerica, Inc. (CMA) | 3.63% | $8.69B | -9.88% | N/A | 2.87 |
JPMorgan Chase & Co. (JPM) | 3.63% | $729.62B | 16.58% | N/A | 5.16 |
American Airlines Group, Inc. (AAL) | 3.60% | $12.01B | 1.22% | 20.36% | 0.70 |
Raymond James Financial, Inc. (RJF) | 3.59% | $34.20B | 14.78% | 84.33% | 1.07 |
SoFi Technologies, Inc. (SOFI) | 3.58% | $17.90B | 30.79% | 57.17% | 2.45 |
SAP SE (SAP) | 3.56% | $308.84B | 9.38% | 73.64% | 7.21 |
Capital One Financial Corp. (COF) | 3.56% | $72.80B | 8.13% | N/A | 1.95 |
Lincoln National Corp. (LNC) | 3.55% | $5.64B | -35.75% | N/A | 0.87 |
MetLife, Inc. (MET) | 3.55% | $60.09B | 16.22% | N/A | 1.09 |
Bank of America Corp. (BAC) | 3.52% | $354.13B | 9.96% | N/A | 5.22 |
Spotify Technology SA (SPOT) | 3.50% | $95.16B | 19.97% | 30.92% | 4.38 |
M&T Bank Corp. (MTB) | 3.48% | $32.65B | 9.83% | N/A | 3.39 |
Fifth Third Bancorp (FITB) | 3.46% | $29.73B | 8.42% | N/A | 3.51 |
Ford Motor Co. (F) | 3.43% | $40.46B | 5.47% | 7.13% | 0.90 |
The PNC Financial Services Group, Inc. (PNC) | 3.43% | $78.62B | 6.28% | N/A | 3.88 |
Toyota Motor Corp. (7203) | 3.38% | $241.60B | 0.09% | 21.31% | 1.37 |
Fiserv, Inc. (FI) | 3.37% | $118.67B | 7.02% | 61.50% | 6.38 |
FedEx Corp. (FDX) | 3.33% | $66.26B | -0.89% | 20.84% | 1.21 |
Levi Strauss & Co. (LEVI) | 3.32% | $6.89B | 0.43% | 60.01% | 1.54 |
T-Mobile US, Inc. (TMUS) | 3.31% | $254.11B | 4.73% | 49.51% | 4.35 |
Xcel Energy, Inc. (XEL) | 3.29% | $38.31B | -0.57% | 29.31% | 4.71 |
AT&T, Inc. (T) | 3.26% | $159.94B | -0.45% | 44.67% | 2.61 |
Lumen Technologies, Inc. (Louisiana) (LUMN) | 3.18% | $5.74B | -11.54% | 25.52% | 1.74 |
Oracle Corp. (ORCL) | 3.16% | $450.39B | 8.64% | 66.74% | 11.07 |
Intuit, Inc. (INTU) | 3.13% | $169.11B | 10.24% | 71.28% | 10.62 |
Petco Health & Wellness Company, Inc. (WOOF) | 3.07% | $1.01B | 1.16% | 34.78% | 0.66 |
Market data by FactSet