NHL ETFs Are A Trap For Hockey Fans

Jack Bowman 10.32K Followers Follow Summary Volatility Shares and Roundhill have both filed for 32 NHL team ETFs. I think investors, hockey fans, and gamblers should avoid all of them, whichever issuer wins. I ran the 2025-2026 season through the FutureSports methodology. The index rankings and the NHL standings line up about 91% of the time. Most stats carry equal positive and negative attribution, but penalties and clinches do not. That one-way scoring drags the whole league about 2% lower by season end. Hockey does not happen during market hours. Institutions can pre-position against the 10am ET index update while retail cannot trade the fund during the game. DraftKings and Kalshi already offer live, customized bets during games, which is what this audience actually wants. master1305/iStock via Getty Images I've seen a lot when it comes to the kinds of investments that can be packaged into an ETF, but now I have truly seen it all: both Volatility Shares and Roundhill ETFs have filed for 32 new ETFs (each), each This article was written by Jack Bowman 10.32K Followers Follow Jack Bowman is a financial columnist and independent analyst, ranked in the top 5% of experts on TipRanks. He writes The Macro Obsession, a Sunday newsletter on finance, technology, and the real economy. It's chart- and narrative-driven. Jack unfiltered, with no editors and no guardrails. On Seeking Alpha, Jack is best known for macro commentary and ETF coverage, though he also writes on technology, materials, and retail equities; most frequently on securities he holds or is weighing for his own portfolio. He invests across asset classes with a core focus on ETFs. Jack spent five years in investment advisory, running Bowman Capital Management, and contracting for independent RIAs, with work largely centered on portfolio management. He passed the Series 65 (the Uniform Investment Adviser Law Examination) and was registered as an investment adviser representative starting in 2021. Before that, Jack was classically trained as a social science educator. He holds a BA in history with a public-history concentration and a master of education in pedagogy. He taught senior-level economics, civics, history, psychology, and journalism at a public high school for four years. Jack was a teacher for six years total, with his earlier two years spent at a public middle school teaching social sciences to academically gifted students. "Successful investing requires holding uncomfortably idiosyncratic positions." — Howard Marks, paraphrasing David Swensen Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.