Investing in Funny Ticker Symbols: Does It Actually Work?

Joe Goldman |

FunnySince the recent bull market began on November 15, 2012, investors could have randomly selected a diverse portfolio of stocks and would likely be up on their money. Since that date, the S&P 500 is up 18.7% and a huge majority of stocks stocks are in the green.

But what if investors decided to invest only in stocks with funny and clever ticker symbols?

The FUNY Index is a fabricated, diversified index comprised of 15 stocks and ETFs from the NYSE and NASDAQ. Their businesses range from restaurants to animal healthcare to industrial explosives, and all 15 companies have funny or clever ticker symbols. Here’s how the index has performed since the start of the rally in November.


FUNNY Stocks


Surprisingly, the FUNY Index significantly outperformed the broader market. These stocks returned an average of 25.18 percent, while the S&P 500 returned 18.70 percent. The FUNY Index’s return also outperformed the NASDAQ’s 19.48 percent return and the Dow Jones’ 19.01 percent return. Only the Russell 2000 outperformed the FUNY Index, but only by a miniscule .03 percent.

Of course, the FUNY Index’s performance should never dictate an investment strategy. One should never invest in a company based on its ticker, and the Index was arbitrarily assembled without a real investment strategy.

However, the performance of the FUNY Index does carry some teaching value.

During a bull market, a well-diversified portfolio should perform strongly. The FUNY Index is comprised of large and small companies from nearly all sectors, and is therefore able to reap the benefits of a strong economy. Thanks to exceptional returns from Southwest Airlines and OM Group and thorough diversification, the FUNY Index’s performance has been outstanding during this bull market.

[Image via screengrab]

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
FUN Cedar Fair LP Depositary Unit 70.80 0.02 0.03 94,462 Trade
OMG OM Group, Inc. n/a n/a n/a 0 Trade
HOG Harley-Davidson Inc. 55.54 -0.69 -1.23 3,367,903 Trade
WOOF VCA Inc. 92.35 -0.11 -0.12 461,683 Trade
LUV Southwest Airlines Company 61.92 0.40 0.65 5,078,617 Trade
YUM Yum! Brands Inc. 74.82 0.28 0.38 2,446,339 Trade
FIZZ National Beverage Corp. 94.69 2.44 2.65 176,895 Trade
ZEUS Olympic Steel Inc. 18.65 0.83 4.66 272,445 Trade
CAKE The Cheesecake Factory Incorporated 49.76 -0.25 -0.50 1,122,330 Trade
BEAT BioTelemetry Inc. 29.75 0.30 1.02 478,188 Trade
BOOM Dynamic Materials Corporation 12.50 0.05 0.40 97,111 Trade
PZZA Papa Johns International Inc. 73.96 -0.26 -0.35 403,669 Trade
PDM Piedmont Office Realty Trust Inc. Class A 21.30 0.12 0.57 1,246,611 Trade


Emerging Growth

CMX Gold & Silver Corp.

CMX Gold & Silver Corp is an exploration stage company. The Company is engaged in the acquisition, exploration and development of silver and copper/gold properties in the USA.

Private Markets

Almond Smart Home Router by Securifi

Securifi sells user friendly touch screen routers that also have support for IoT/home automation.Securifi’s Almond revolutionized wireless router setup with its easy to use Touchscreen Interface in 2012. Now our…


The spark hit Jamie when he saw co-workers competing to lose weight. Instead of pizzas and subs, they were eating salads and jogging along the river. Some were sneakily leaving…