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Congressional Trade Tracking ETFs

October 23, 2023 • Posted in Investing Expertise, Political Indicators

Do funds based on holdings/trades of members of the U.S. Congress and their families beat the market? To investigate, we look at performances of two recently introduced exchange-traded funds (ETF):

  1. Unusual Whales Subversive Democratic Trading ETF (NANC) – invests primarily in stocks held by Democratic members of Congress and/or their families per public disclosure filings.
  2. Unusual Whales Subversive Republican Trading ETF (KRUZ) – invests primarily in stocks held by Republican members of Congress and/or their families per public disclosure filings.

We use SPDR S&P 500 ETF Trust (SPY) as a benchmark. Using daily dividend-adjusted prices for NANC, KRUZ and SPY during February 7, 2023 (NANC and KRUZ inception) through October 6, 2023, we find that: (more…)

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