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Photo courtesy of Yonhap News |
[Alpha Biz= Paul Lee] SEOUL – An ETF tracking U.S. Republican lawmakers’ stock trades has outperformed its Democratic counterpart so far this year, as diversified bets on Bitcoin, energy, and financial stocks beat the returns of Big Tech-heavy portfolios favored by Democrats.
As of July 29, the Unusual Whales Subversive Republican ETF (ticker: GOP) has gained 10.64% year-to-date, edging past the Nancy Pelosi-themed Democratic ETF (NANC), which is up 10.33%, according to financial industry data. Over the past month, GOP ETF rose 3.04%, also topping NANC’s 1.41%.
Both ETFs, launched in February 2023, replicate stock trades disclosed by U.S. lawmakers under the 2012 STOCK Act, which requires members of Congress to report trades over USD 1,000 within 45 days.
The two funds have sharply contrasting portfolios:
NANC ETF is concentrated in Big Tech “Magnificent 7” names: Nvidia (10.6%), Microsoft (8.2%), Amazon (5.4%), Alphabet (4.1%), and Salesforce (3.6%).
GOP ETF is more diversified, holding iShares Bitcoin Trust (5.1%), Comfort Systems (5.0%), JPMorgan Chase (4.8%), Nvidia (3.5%), and AT&T (2.6%).
Until late 2023, the Democrat-linked NANC ETF far outperformed GOP, but the dynamic flipped as Big Tech momentum slowed and value stocks gained strength. Comfort Systems, GOP ETF’s second-largest holding, has surged 60.5% this year alone.
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
