NANC ETF alternative to build your own congress trading index from NANC and GOP holdings
NANC charges 0.72% a year and a third of it is Nvidia, Microsoft, Alphabet, Amazon, Apple and Meta. Pick the congress names you actually want, weight them yourself, and see how the basket would have done next to NANC and the S&P 500 before you buy a share.
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Educational only · Never places a trade
In short
NANC is a 0.72% ETF that buys stocks disclosed by Democratic members of Congress and their spouses; GOP (formerly KRUZ) does the same for Republicans at 0.73%. On October 6, 2026 NANC held 90 stocks with 32.9% in six Magnificent 7 names, and the two funds overlapped by only 20.8%. The alternative is a congress trading index you build yourself: choose the names and weights, backtest them against NANC and the S&P 500, then hold the shares with no fund fee.
Top ten holdings from each issuer file, October 6, 2026
What do NANC and GOP actually hold?
Two funds built from the same kind of filing end up with very different portfolios. Only Nvidia sits in both top tens.
NANC
Democrats, 90 stocks, 0.72%
Top ten 47.68% of the fund. Six of the Magnificent 7 add up to 32.93%; Tesla is not held.
GOP (was KRUZ)
Republicans, 136 stocks, 0.73%
Top ten 38.25%. The Magnificent 7 are only 6.77%, and the fund holds a spot bitcoin ETF and SpaceX.
NANC is, underneath, a large cap tech fund. Nvidia, Microsoft, Alphabet, Amazon, Apple and Meta make up almost exactly the share they hold in the S&P 500 itself (34.5% of SPY on October 1), so a buyer pays 0.72% for a portfolio whose biggest bet is one they already own through an index fund. The real congress signal is in the next layer: CrowdStrike at 4.64%, Applied Materials at 4.57%, Philip Morris at 2.92%. Those weights are far above their index weight, and they are what the fund is really selling.
GOP looks nothing like it. Comfort Systems USA, an HVAC and electrical contractor, is its largest holding at 7.64%, followed by Intel, JPMorgan, a bitcoin ETF and Arista Networks. The two funds share 39 stocks, but when you add up the smaller of the two weights for each shared name the overlap is only 20.8%. Buying both is not buying "Congress"; it is buying two different style bets.
// STOCK Act timing
How late does a congress trading ETF buy?
Up to 45 days after the member did. The STOCK Act gives members of Congress 30 days from learning of a trade, and never more than 45 days from the trade itself, to file a periodic transaction report for anything over $1,000. Amounts are reported in ranges such as $1,001 to $15,000, not exact share counts.
Neither the fund nor a copy trading app can get around that delay. The Autopilot app review covers what the per Pilot subscription costs to copy the same filings automatically.
Issuer performance tables, NAV, to September 30, 2026
NANC ETF vs S&P 500 performance and fees
| NANC | GOP | S&P 500 total return | |
|---|---|---|---|
| 2026 to date | 14.84% | 22.20% | 12.75% |
| One year | 17.24% | 23.17% | 15.74% |
| Three years, a year | 25.39% | 22.64% | 22.89% |
| Since February 2023, a year | 22.94% | 17.86% | 20.22% |
| Yearly fee on $100,000 | $720 | $730 | $30 in VOO |
| 30 day SEC yield | 0.06% | 0.49% | Not compared here |
NANC's lead over the index is real but thin: about 2.7 points a year since launch, earned in a period when the megacaps it holds led the whole market. GOP shows the other side of the same idea. It lagged the S&P 500 by more than two points a year since launch, then jumped ahead in 2026 on industrials, chips and bitcoin. Three and a half years of data and two funds pointing in opposite directions are not enough to say congress trades beat the market. They are enough to say the result depends heavily on which names and weights you end up holding.
That is the case for testing before buying. Load NANC as a one line index, load your own version next to it, and run both through the same dates in the portfolio backtest. If your 20 stock version tracks NANC closely, you are paying 0.72% for nothing you could not hold yourself. If it does not, you have learned which part of the fund drives its return.
NANC's top 20, rescaled to 100%
A 20 stock congress trading index you can build here
NANC's 20 largest holdings are 66.46% of the fund. Rescale them to 100% and you get a basket that captures two thirds of NANC in 20 positions, ready to edit.
NVDA
13.48%
MSFT
10.13%
GOOGL
8.73%
AMZN
7.04%
CRWD
6.98%
AMAT
6.88%
AAPL
6.59%
PM
4.39%
MU
3.87%
CRM
3.66%
LLY
3.63%
META
3.58%
AXP
3.54%
COST
3.22%
NFLX
2.95%
AMD
2.63%
VMC
2.39%
AORT
2.18%
SSNC
2.14%
JNJ
2.00%
Shaded: the seven largest, 59.8% of the basket. Edit any weight, drop the megacaps or keep them.
1
Start from the filing
Take NANC's or GOP's top holdings, or pick names from both. The studio holds up to 20 symbols per index.
2
Set the weights
Keep the fund's weights, equal weight the list, or cut the megacaps you already own through an index fund and keep the conviction names.
3
Backtest against NANC
Compare return, drawdown and tracking against NANC, GOP and the S&P 500 over the same dates, with the rebalance schedule you choose.
4
Track it, then buy it
Follow the basket daily, update it when the next filing moves the fund, and buy the shares at your own broker.
One honest caution about a do it yourself version: the fund updates its holdings as new reports arrive, and your basket only changes when you change it. Most buyers handle that by checking the issuer's holdings file once a quarter and adjusting the few names that moved. In a taxable account, holding the stocks yourself also lets you sell a single loser for a tax loss, which a fund holder cannot do.
Three ways to follow congressional trades, compared honestly
NANC vs GOP vs your own congress trading index
| NANC | GOP | Your own index, designed in Indexes | |
|---|---|---|---|
| Whose trades | Democratic members and spouses | Republican members and spouses | Any names you choose from either |
| Positions | 90 | 136 | Up to 20 per index |
| Yearly cost on $100,000 | $720 | $730 | No fund fee; software from $24 a month billed yearly |
| Drop or cap a stock | No | No | Yes |
| Updates when filings change | Yes, by the manager | Yes, by the manager | When you edit it |
| Where it falls short | A third is megacaps you may already own | Lagged the index since launch | You place the trades and keep it current |
NANC or GOP wins when you want the idea in one ticker inside an IRA and never want to look at a filing. Your own index wins when you disagree with part of the fund, most often the megacap third, or when the balance is large enough that 0.72% a year is real money. If what you want is the theme without the overlap, the S&P 493 index page shows how much of an S&P 500 fund is already those six companies, and the Magnificent 7 index builder covers holding them on purpose.
What Indexes does and does not do: it is index construction, backtesting and tracking software. It does not hold money, place trades or give investment advice, and it does not copy trades into your account. You design and test the congress trading index here and hold the shares wherever you already invest.
NANC, GOP and congress trading questions
What people ask before they buy NANC
Is there an alternative to the NANC ETF?
Yes. The closest fund is GOP, the Republican twin from the same issuer, at 0.73%. The other alternative is to build the basket yourself: take the congress names you actually want from NANC's holdings file, set your own weights, backtest the basket against NANC and the S&P 500, and buy the shares at your broker with no 0.72% fund fee.
What is the NANC ETF expense ratio?
NANC charges 0.72% a year, which is $720 on $100,000. GOP charges 0.73%. For comparison, an S&P 500 fund such as VOO charges 0.03%, or $30 on the same balance. On October 6, 2026 about a third of NANC (32.93%) sat in six of the Magnificent 7, which every S&P 500 fund already holds.
What are the NANC ETF holdings?
On October 6, 2026 NANC held 90 positions worth $300.9 million. The top ten were Nvidia 8.96%, Microsoft 6.73%, Alphabet 5.80%, Amazon 4.68%, CrowdStrike 4.64%, Applied Materials 4.57%, Apple 4.38%, Philip Morris 2.92%, Micron 2.57% and Salesforce 2.43%, together 47.68% of the fund.
Is NANC ETF a good investment?
It has beaten the S&P 500 so far: 22.94% a year at NAV from launch to September 30, 2026, against 20.22% for the S&P 500 total return index. But the record is only three and a half years, the fund costs 24 times VOO, and a third of it is the same megacap tech that drove the index. Backtest what you would own before you pay for it.
What happened to the KRUZ ETF?
KRUZ was renamed. On March 21, 2025 the Unusual Whales Subversive Republican Trading ETF changed its ticker from KRUZ to GOP and is now the Subversive Congressional Republicans Trading ETF. It still buys stocks disclosed by Republican members of Congress and their spouses and charges 0.73%.
NANC ETF vs S&P 500, which did better?
NANC did, by about 2.7 points a year since launch: 22.94% annualized at NAV through September 30, 2026, against 20.22% for the S&P 500 total return index. Over one year it was 17.24% against 15.74%. GOP trailed the index since launch at 17.86% a year but led it in 2026 so far, 22.20% against 12.75%.
How delayed are congress stock trades?
Up to 45 days. Under the STOCK Act a member must file a periodic transaction report within 30 days of learning of a trade and no later than 45 days after it, for transactions over $1,000, and amounts are reported in ranges. Any fund or app that copies these trades is buying weeks after the member did.
Does NANC ETF pay dividends?
Barely. NANC's 30 day SEC yield was 0.06% on September 30, 2026, because it holds mostly growth and technology stocks. GOP yielded 0.49%. If income matters, a congress basket is the wrong tool; build a dividend weighted index instead and compare the two in a backtest.
Sources
NANC and GOP expense ratios, inception dates, 30 day SEC yields, performance tables (NAV and market price, as of September 30, 2026) and full holdings files (as of October 6, 2026) from the issuer's fund pages at subversiveetfs.com. The KRUZ to GOP ticker change date is from the same site. The overlap figure, the Magnificent 7 share and the rescaled top 20 are our own arithmetic from those holdings files. SPY's Magnificent 7 share is from State Street's holdings file of October 1, 2026; VOO's fee and yield from Vanguard. STOCK Act filing deadlines from the House Committee on Ethics instruction guide for periodic transaction reports. Holdings and fees change, so confirm them on the fund page before you buy. Indexes is not affiliated with any fund issuer, broker or app named here. We make index construction and backtesting software: we do not manage money, place trades or give investment advice, and backtested results are hypothetical.
Test your congress basket against NANC before you pay 0.72%
Pick the names, set the weights, and run the basket through the same dates as NANC, GOP and the S&P 500. Then buy the shares wherever you invest.
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