'Deadlift ETF': Analysis links weightlifting CEOs to strong company performance
Are muscle and money corelated? A study done by multimillionaire entrepreneur and developer Pieter Level has linked CEO fitness with company performance. Level, known as levelsio on X, has created an Exchange-Traded Fund (ETF) composed solely of companies whose CEOs engage in weightlifting or combat sports. This unconventional ETF has outperformed the S&P 500 by 140% over the past four years. Level jokingly suggests a correlation between physical fitness and business success, implying that lifting weights equates to financial gains.
Take a look a Level's post
Deadlift ETF includes 8 major American companies
Level's Deadlift ETF comprises eight major American companies, each holding a 12.50% allocation within the fund. These companies are: Meta Platforms, Amazon, Goldman Sachs, Uber Technologies, Microsoft, Apple, BlackRock, and NVIDIA. Interestingly, the Deadlift ETF consistently outperformed Alphabet (Google's parent company), especially in the latter half of the period. "I'm convinced Google would do better if Sundar Pichai would lift heavy weights, or do fight sports," wrote Level in a post on X.
Level highlights Meta's performance in recent years
Level used Meta and Google as examples to highlight the correlation between intense physical exercise and company performance. He said that Meta, whose CEO Mark Zuckerberg is known for his rigorous fitness regime, has significantly outperformed Google in terms of stock price growth over the past year. "We know what heavy physical exercise did to Zuck and Meta. Meta is up 81% over last 12 months. Google by just 29% in same time, barely outperforming the S&P500 itself," Levels wrote.
Level advocates for strength training
Level advocated for strength training as a crucial component of a fitness regimen. He dismissed running alone as insufficient for building overall strength and physique. The entrepreneur's overall message is that both cardio and strength training are essential for optimal fitness, but lifting heavy weights is particularly crucial. "Also no running isn't heavy exercise, it's nice but not enough. Gotta PICK UP a heavy thing and lift it multiple times," posted Level on X.
Level is known for his unique projects and satire
While Level's Deadlift ETF has exhibited exceptional returns over the past four years, it's essential to remember that various factors contribute to an ETF's performance. These include market trends, company performance, and overall economic conditions. Level is known for this unique projects and satire. In July, he created a website that ranked airlines according to the frequency of lost luggage incidents. Luggagelosers.com was a revenge project he took on after his girlfriend lost luggage while traveling from Lisbon to Barcelona.
