From Yahoo Finance: 2025-04-16 19:30:00

The Unusual Whales Subversive Democratic Trading ETF (NANC) is outperforming its GOP counterpart, KRUZ, in terms of investor interest despite weaker returns. NANC has seen $14.1 million in net inflows over three months compared to $9.8 million for KRUZ, with NANC holding a larger asset base at $195.8 million.

Recent market volatility triggered by White House tariff actions has impacted the performance of congressional-trading ETFs. Lawmakers’ stock trading activities have drawn attention, with Rep. Marjorie Taylor Greene making high-profile purchases just before the tariff pause announcement. These activities have raised concerns about potential conflicts of interest.

Investors are closely monitoring the investment strategies reflected in the top holdings of NANC and KRUZ. NANC’s portfolio is tech-heavy with Nvidia Corp. (NVDA), Microsoft Corp. (MSFT), and Amazon.com Inc. (AMZN) leading, while KRUZ shows a more balanced sector allocation with JPMorgan Chase & Co. (JPM), AT&T Inc. (T), and Comfort Systems USA Inc. (FIX) as its largest positions.

The recent trading activity has reignited calls for reform, with Rep. Alexandria Ocasio-Cortez advocating for a complete ban on congressional stock trading to restore public trust. Senator Elizabeth Warren has expressed concerns about potential conflicts of interest, emphasizing the need for lawmakers to prioritize the public interest over personal financial gain.

Read more: How Congress-Tracking ETFs Reacted to the Market Drawdown