Funny Ticker Symbols Revisited: New Symbols and Performance

Joe Goldman |

The FUNY Index is a fabricated, diversified index comprised of 20 stocks and ETFs from the NYSE and NASDAQ, all of which trade under funny or clever ticker symbols.

Over the previous year, has periodically checked on the performance of funny ticker stocks versus the S&P 500 during the current bull market that began in the middle of November 2012. For the first time since its inception, five new symbols have been added to the index. They include:

1) Sotheby’s ($BID)

2) Claymore/Clear Global Timber Index ($CUT)

3) Brinker International ($EAT)

4) First Trust Global Wind Energy ($FAN)

5) Guggenheim Solar ETF ($TAN)

Despite the new additions and rapidly changing global economic and market conditions, the FUNY Index dramatically outperformed the S&P 500 once again.

With exposure to virtually all industries and exceptional, triple-digit performances from BioTelemetry ($BEAT), Southwest Airlines ($LUV), Papa John’s ($PZZA), and Guggenheim Solar ETF ($TAN), the FUNY Index nearly doubled the S&P’s return with an incredible 70.71 percent average return in only 14 months.

Here’s a breakdown of the FUNY Index’s performance during this timeframe. A * symbol denotes a new addition to the index.

However, this data is slightly flawed. The performance of the index was tracked during one of the most tremendous bull markets in history. With only 20 stocks and market caps on the small to medium side, the index may be more susceptible to cyclical trends and better performance during periods of economic growth. Luck is also a factor, as a few triple-digit gainers played a huge role in overall performance.

Therefore, it is also important to analyze the index during a period of market underperformance. During the previous month, earnings concerns and a slowdown in China have emerged. Therefore, the previous month has brought forth significantly different market conditions. Here is how the FUNY Index has fared.

The FUNY Index once again outperformed the S&P 500 by a relatively substantial margin in the midst of a flat stock market. With consistent outperformance, can we infer that there is something special about these companies?

Probably not - investing in a company based on a ticker is like betting on a sports team based on their color scheme. However, investors can certainly learn from the FUNY Index.

A balanced, well-diversified portfolio can help alleviate risk and is paramount to the strength of a portfolio. Although some of the stocks in the index traded in the red, the portfolio thrived because it had exposure to almost all industries, many of which are undergoing secular growth. A few outperformers from these industries can carry an entire portfolio. Therefore, it could be a good idea for investors to speculate on one or two stocks, but always in combination with diversification.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to:


Symbol Name Price Change % Volume
BEAT BioTelemetry Inc. 18.05 -0.50 -2.70 213,622
BID Sotheby\'s 36.07 -0.91 -2.46 412,731
BOOM Dynamic Materials Corporation 10.03 -0.30 -2.90 21,746
CAKE The Cheesecake Factory Incorporated 50.35 0.69 1.39 645,188
CVGEY Corporacion Geo 144A Adr n/a n/a n/a 0
EAT Brinker International Inc. 51.88 1.11 2.19 2,299,851
FIZZ National Beverage Corp. 49.17 0.42 0.86 127,701
FUN Cedar Fair LP Depositary Unit 57.29 0.04 0.07 68,147
HOG Harley-Davidson Inc. 56.37 0.76 1.37 2,475,991
LUV Southwest Airlines Company 42.43 0.14 0.33 5,448,358
OMG OM Group, Inc. n/a n/a n/a 0
PZZA Papa Johns International Inc. 80.45 0.47 0.59 311,295
WOOF VCA Inc. 66.28 -1.58 -2.33 808,208
YUM Yum! Brands Inc. 86.97 0.77 0.89 6,591,290
ZEUS Olympic Steel Inc. 23.39 0.07 0.30 44,396


Emerging Growth

Nano One Materials Corp.

Nano One Materials Corp is a technology company. The Company manufactures storage materials for lithium ion batteries.

Private Markets


Autonomous security robots providing advanced detection capabilities at $7 per hour - aiming to define the future of security. Help #StopTheViolence.

MyForce, Inc.

As parents, we constantly worry about the safety of our loved ones. The media bombards us with incidents from across the nation school shootings, frequent assaults on campuses, and crimes…