The bipartisan stock overlap in NANC and GOP ETFs is beating the market
As seen on the 24/7 Wall St. homepage on September 18, 2026.
Bloomberg's ETF analyst says the bipartisan overlap between the Democrat and Republican congressional trading ETFs is the group beating the market.
Looking at $NANC and $GOP which offer baskets of the personal stock holdings of politicians in each party we found that a portfolio of the stocks that BOTH sides own (overlapping names) does the best and has easily beaten that market via @psarofagis https://t.co/v8ZfjFMR8a
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NANC and GOP are ETFs that hold baskets of stocks based on the personal trading disclosures of Democratic and Republican members of Congress, respectively. Bloomberg ETF analyst Eric Balchunas, citing colleague Paul Sarofagis, surfaced a finding that reframes how investors might think about both funds.
The stocks appearing in both ETFs at the same time, the names that politicians on either side of the aisle personally own, form a portfolio that has easily beaten the broader market. The bipartisan consensus holdings are doing the heavy lifting.
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That overlap effectively acts as a filter, surfacing only the stocks that members of Congress across both parties have independently decided to hold in their own accounts. Whether that reflects inside knowledge, shared institutional instincts, or simple concentration in large-cap technology names, the facts do not say, but the performance result is what Balchunas is pointing investors toward.
For anyone holding NANC or GOP as a pure political bet, this finding suggests a different question is worth asking: which names are actually in both funds right now, and whether that common ground is where the real edge has been sitting all along.