<p>这并不是秘密：国会议员们经常像我们其他人一样买卖股票。但与我们大多数人没有关于所买卖公司的内部信息不同，美国的众议员和参议员通常确实拥有这样的信息。他们也常常受到这些公司的游说，以支持或反对某项提案。这一切加起来形成了一个重要的利益冲突，这就是为什么有人呼吁禁止国会交易。</p>
<p>然而，无论你认为这完全没问题还是令人担忧，联邦立法者仍在继续交易。如果你愿意，现在你也可以和他们一起交易。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzE0ODYvZ2V0dHktY2FwaXRvbC1hbmQtYW1lcmljYW4tZmxhZy1wb2xpdGljcy13YXNoaW5ndG9uLmpwZyZ3PTcwMA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzE0ODYvZ2V0dHktY2FwaXRvbC1hbmQtYW1lcmljYW4tZmxhZy1wb2xpdGljcy13YXNoaW5ndG9uLmpwZyZ3PTcwMA"/></p>
<p>图片来源：Getty Images。</p>
<h2>认识两只跟踪民主党和共和党交易的新 ETF</h2>
<p>交易所交易基金（ETF）是一种像股票一样交易的基金。这两只基金旨在与国会议员一起交易，基于可用记录买卖他们所做的交易。</p>
<p><strong>Unusual Whales Subversive Democratic ETF</strong>（NANC -0.33%）和 <strong>Unusual Whales Subversive Republican ETF</strong>（GOP -0.16%）于 2023 年 2 月 7 日推出。民主党 ETF 的代码是以南希·佩洛西命名的，而共和党 ETF 的代码则是以特德·克鲁兹命名的——尽管后者在今年早些时候更改为一个较旧政治 ETF 的代码 “GOP”（代表 “伟大的老党”）。</p>
<p>这两只 ETF 的费用比率（年费）为 0.74%，这意味着你每投资 1,000 美元在基金中，每年需支付 7.40 美元。</p>
<p>尽管这两只 ETF 都没有足够的时间来建立较长的业绩记录，以下是每只 ETF 的表现。我还包括了 <strong>Vanguard S&amp;P 500 ETF</strong>（VOO -0.35%）的平均收益，以供比较：</p>
<table>
<thead>
<tr>
<th>期间</th>
<th>民主党 ETF</th>
<th>共和党 ETF</th>
<th>Vanguard S&amp;P 500 ETF</th>
</tr>
</thead>
<tbody>
<tr>
<td>年初至今</td>
<td>13.52%</td>
<td>12.73%</td>
<td>11.44%</td>
</tr>
<tr>
<td>过去 12 个月</td>
<td>20.33%</td>
<td>15.37%</td>
<td>17.75%</td>
</tr>
<tr>
<td>2024</td>
<td>26.83%</td>
<td>14.45%</td>
<td>24.98%</td>
</tr>
</tbody>
</table>
<p>数据来源：Morningstar.com，截至 8 月 28 日。</p>
<p>民主党 ETF 显然表现更好，但请记住，我们甚至没有三年的完整业绩来进行评估。</p>
<p>以下是每只 ETF 的更详细介绍。</p>
<h3>Unusual Whales Subversive Democratic ETF</h3>
<p>民主党 ETF 中包含了什么？看看它的前 10 大持股：</p>
<table>
<thead>
<tr>
<th>股票</th>
<th>ETF 中的权重</th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>英伟达</strong></td>
<td>10.45%</td>
</tr>
<tr>
<td><strong>微软</strong></td>
<td>7.93%</td>
</tr>
<tr>
<td><strong>亚马逊</strong></td>
<td>5.20%</td>
</tr>
<tr>
<td><strong>字母表</strong> C 类</td>
<td>4.29%</td>
</tr>
<tr>
<td><strong>苹果</strong></td>
<td>3.71%</td>
</tr>
<tr>
<td><strong>Artivion</strong></td>
<td>3.36%</td>
</tr>
<tr>
<td><strong>Salesforce</strong></td>
<td>3.26%</td>
</tr>
<tr>
<td><strong>菲利普·莫里斯国际</strong></td>
<td>3.10%</td>
</tr>
<tr>
<td><strong>美国运通</strong></td>
<td>3.03%</td>
</tr>
<tr>
<td><strong>奈飞</strong></td>
<td>2.97%</td>
</tr>
</tbody>
</table>
<p>数据来源：Morningstar.com，截至 8 月 27 日。</p>
<p>该 ETF 总共持有 149 只不同的股票，前 10 大持股几乎占其价值的一半。当前十大持股上涨时，这种集中度是好的，但如果这些股票下跌，基金可能会遭受更大的损失。换手率也很高，达到 62%。这是因为该 ETF 不能被动跟踪一个指数，必须跟随相关政治家的活动。</p>
<p>上述股票让你了解为什么该 ETF 表现良好，因为市场宠儿英伟达、微软和亚马逊在其中占有重要权重。（实际上，“七大奇迹” 中的大部分或全部股票都包含在内。）</p>
<h3>Unusual Whales Subversive Republican ETF</h3>
<p>以下是共和党 ETF 的前十大持股：</p>
<table>
<thead>
<tr>
<th>股票</th>
<th>ETF 中的权重</th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Comfort Systems USA</strong></td>
<td>5.02%</td>
</tr>
<tr>
<td><strong>摩根大通</strong></td>
<td>4.78%</td>
</tr>
<tr>
<td>英伟达</td>
<td>3.49%</td>
</tr>
<tr>
<td><strong>AT&amp;T</strong></td>
<td>2.74%</td>
</tr>
<tr>
<td><strong>Arista Networks</strong></td>
<td>2.46%</td>
</tr>
<tr>
<td><strong>雪佛龙</strong></td>
<td>2.12%</td>
</tr>
<tr>
<td><strong>全州</strong></td>
<td>2.12%</td>
</tr>
<tr>
<td><strong>英特尔</strong></td>
<td>2.09%</td>
</tr>
<tr>
<td><strong>National Fuel Gas</strong></td>
<td>1.96%</td>
</tr>
<tr>
<td><strong>Fidelity National Information Services</strong></td>
<td>1.75%</td>
</tr>
</tbody>
</table>
<p>数据来源：Morningstar.com，截至 8 月 27 日。</p>
<p>该 ETF 的集中度稍低，前 10 大持股（共 143 只）仅占 ETF 价值的三分之一左右。它也较少关注高科技股票，前十大持股包括一家银行、一家电信巨头、能源公司和一家保险公司——以及英伟达和一些科技股。这意味着它提供了更高的股息收益率（尽管两只基金的收益率都很小，低于 1%）。</p>
<h2>你应该投资这些 ETF 吗？</h2>
<p>我认为查看这些 ETF 很有趣，但我不会在短期内投资其中任何一只。当然，政治家们对正在制定的立法或法规有内部信息，但他们不一定是最精明的投资者。</p>
<p>我认为选择一个经过验证的指数基金，比如上面提到的 Vanguard S&amp;P 500 ETF，会更安全——你可以看到它在相关期间表现得非常不错。或者，如果你在寻找快速增长的 ETF，还有很多这样的选择——而且它们的业绩记录要长得多。</p>

英伟达

摩根大通

<p>两只新的交易所交易基金（ETF），即不寻常的鲸鱼颠覆民主 ETF 和不寻常的鲸鱼颠覆共和 ETF，于 2023 年 2 月 7 日推出，跟踪美国国会议员的股票交易。民主 ETF 在多个时间段内表现优于共和 ETF 和先锋标准普尔 500 ETF。民主 ETF 的主要持股包括英伟达和微软，而共和 ETF 则包括 Comfort Systems USA 和摩根大通。这两只 ETF 的费用比率均为 0.74%</p>

<p>It's no secret: Members of Congress often buy and sell stocks, just like the rest of us. But while most of us have no inside information on the companies whose shares we buy or sell, U.S. representatives and senators often do have such information. They're also often lobbied by such companies, to vote for or against this or that. It all adds up to a meaningful conflict of interest, which is why some have called for a ban on Congressional trading.</p>
<div class="lb-trans"><p>这并不是秘密：国会议员们经常像我们其他人一样买卖股票。但与我们大多数人没有关于所买卖公司的内部信息不同，美国的众议员和参议员通常确实拥有这样的信息。他们也常常受到这些公司的游说，以支持或反对某项提案。这一切加起来形成了一个重要的利益冲突，这就是为什么有人呼吁禁止国会交易。</p>
</div><p>In the meantime, though, whether you think it perfectly fine or troubling, federal legislators continue to trade. And now, if you want, you can trade along with them.</p>
<div class="lb-trans"><p>然而，无论你认为这完全没问题还是令人担忧，联邦立法者仍在继续交易。如果你愿意，现在你也可以和他们一起交易。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzE0ODYvZ2V0dHktY2FwaXRvbC1hbmQtYW1lcmljYW4tZmxhZy1wb2xpdGljcy13YXNoaW5ndG9uLmpwZyZ3PTcwMA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F831486%2Fgetty-capitol-and-american-flag-politics-washington.jpg&amp;op=resize&amp;w=700"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>图片来源：Getty Images。</p>
</div><h2>Meet two new ETFs tracking Democratic and Republican trades</h2>
<div class="lb-trans"><h2>认识两只跟踪民主党和共和党交易的新 ETF</h2>
</div><p>An exchange-traded fund (ETF) is a fund that trades like a stock. These two funds are designed to trade along with members of Congress, buying and selling what they do, based on available records.</p>
<div class="lb-trans"><p>交易所交易基金（ETF）是一种像股票一样交易的基金。这两只基金旨在与国会议员一起交易，基于可用记录买卖他们所做的交易。</p>
</div><p>The <strong>Unusual Whales Subversive Democratic ETF</strong>(NANC -0.33%) and the <strong>Unusual Whales Subversive Republican ETF</strong>(GOP -0.16%) were both launched on Feb. 7, 2023. The Democratic one's ticker symbol was named for Nancy Pelosi and the Republican ETF's for Ted Cruz -- though the latter was changed earlier this year to claim the ticker of an older political ETF, &#34;GOP&#34; (for &#34;Grand Old Party&#34;).</p>
<div class="lb-trans"><p><strong>Unusual Whales Subversive Democratic ETF</strong>（NANC -0.33%）和 <strong>Unusual Whales Subversive Republican ETF</strong>（GOP -0.16%）于 2023 年 2 月 7 日推出。民主党 ETF 的代码是以南希·佩洛西命名的，而共和党 ETF 的代码则是以特德·克鲁兹命名的——尽管后者在今年早些时候更改为一个较旧政治 ETF 的代码 “GOP”（代表 “伟大的老党”）。</p>
</div><p>Both ETFs have an expense ratio (annual fee) of 0.74%, meaning that you'll pay $7.40 each year for every $1,000 you have invested in the fund.</p>
<div class="lb-trans"><p>这两只 ETF 的费用比率（年费）为 0.74%，这意味着你每投资 1,000 美元在基金中，每年需支付 7.40 美元。</p>
</div><p>Although neither has had enough time in which to lay down much of a track record, below is how each ETF has performed. I'm also including average gains for the <strong>Vanguard S&amp;P 500 ETF</strong>(VOO -0.35%), for comparison:</p>
<div class="lb-trans"><p>尽管这两只 ETF 都没有足够的时间来建立较长的业绩记录，以下是每只 ETF 的表现。我还包括了 <strong>Vanguard S&amp;P 500 ETF</strong>（VOO -0.35%）的平均收益，以供比较：</p>
</div><table>
<thead>
<tr>
<th>Period</th>
<th>Democratic ETF</th>
<th>Republican ETF</th>
<th>Vanguard S&amp;P 500 ETF</th>
</tr>
</thead>
<tbody>
<tr>
<td>Year to date</td>
<td>13.52%</td>
<td>12.73%</td>
<td>11.44%</td>
</tr>
<tr>
<td>Past 12 months</td>
<td>20.33%</td>
<td>15.37%</td>
<td>17.75%</td>
</tr>
<tr>
<td>2024</td>
<td>26.83%</td>
<td>14.45%</td>
<td>24.98%</td>
</tr>
</tbody>
</table>
<div class="lb-trans"><table>
<thead>
<tr>
<th>期间</th>
<th>民主党 ETF</th>
<th>共和党 ETF</th>
<th>Vanguard S&amp;P 500 ETF</th>
</tr>
</thead>
<tbody>
<tr>
<td>年初至今</td>
<td>13.52%</td>
<td>12.73%</td>
<td>11.44%</td>
</tr>
<tr>
<td>过去 12 个月</td>
<td>20.33%</td>
<td>15.37%</td>
<td>17.75%</td>
</tr>
<tr>
<td>2024</td>
<td>26.83%</td>
<td>14.45%</td>
<td>24.98%</td>
</tr>
</tbody>
</table>
</div><p>Data source: Morningstar.com, as of Aug. 28.</p>
<div class="lb-trans"><p>数据来源：Morningstar.com，截至 8 月 28 日。</p>
</div><p>The Democratic ETF has clearly performed better, but remember that we don't even have three full years of performance to assess.</p>
<div class="lb-trans"><p>民主党 ETF 显然表现更好，但请记住，我们甚至没有三年的完整业绩来进行评估。</p>
</div><p>Here's a closer look at each ETF.</p>
<div class="lb-trans"><p>以下是每只 ETF 的更详细介绍。</p>
</div><h3>The Unusual Whales Subversive Democratic ETF</h3>
<div class="lb-trans"><h3>Unusual Whales Subversive Democratic ETF</h3>
</div><p>What's in the Democratic ETF? Take a look at its top 10 holdings:</p>
<div class="lb-trans"><p>民主党 ETF 中包含了什么？看看它的前 10 大持股：</p>
</div><table>
<thead>
<tr>
<th>Stock</th>
<th>Weight in ETF</th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Nvidia</strong></td>
<td>10.45%</td>
</tr>
<tr>
<td><strong>Microsoft</strong></td>
<td>7.93%</td>
</tr>
<tr>
<td><strong>Amazon.com</strong></td>
<td>5.20%</td>
</tr>
<tr>
<td><strong>Alphabet</strong> Class C</td>
<td>4.29%</td>
</tr>
<tr>
<td><strong>Apple</strong></td>
<td>3.71%</td>
</tr>
<tr>
<td><strong>Artivion</strong></td>
<td>3.36%</td>
</tr>
<tr>
<td><strong>Salesforce</strong></td>
<td>3.26%</td>
</tr>
<tr>
<td><strong>Philip Morris International</strong></td>
<td>3.10%</td>
</tr>
<tr>
<td><strong>American Express</strong></td>
<td>3.03%</td>
</tr>
<tr>
<td><strong>Netflix</strong></td>
<td>2.97%</td>
</tr>
</tbody>
</table>
<div class="lb-trans"><table>
<thead>
<tr>
<th>股票</th>
<th>ETF 中的权重</th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>英伟达</strong></td>
<td>10.45%</td>
</tr>
<tr>
<td><strong>微软</strong></td>
<td>7.93%</td>
</tr>
<tr>
<td><strong>亚马逊</strong></td>
<td>5.20%</td>
</tr>
<tr>
<td><strong>字母表</strong> C 类</td>
<td>4.29%</td>
</tr>
<tr>
<td><strong>苹果</strong></td>
<td>3.71%</td>
</tr>
<tr>
<td><strong>Artivion</strong></td>
<td>3.36%</td>
</tr>
<tr>
<td><strong>Salesforce</strong></td>
<td>3.26%</td>
</tr>
<tr>
<td><strong>菲利普·莫里斯国际</strong></td>
<td>3.10%</td>
</tr>
<tr>
<td><strong>美国运通</strong></td>
<td>3.03%</td>
</tr>
<tr>
<td><strong>奈飞</strong></td>
<td>2.97%</td>
</tr>
</tbody>
</table>
</div><p>Data source: Morningstar.com, as of Aug. 27.</p>
<div class="lb-trans"><p>数据来源：Morningstar.com，截至 8 月 27 日。</p>
</div><p>The ETF holds a total of 149 different stocks, with its top 10 making up nearly half of its value. Such concentration is great when the top holdings are going up, but the fund can fall harder if those stocks slump. Turnover is high, too, at 62%. That's because this ETF can't passively track an index, and must follow the activity of the politicians involved.</p>
<div class="lb-trans"><p>该 ETF 总共持有 149 只不同的股票，前 10 大持股几乎占其价值的一半。当前十大持股上涨时，这种集中度是好的，但如果这些股票下跌，基金可能会遭受更大的损失。换手率也很高，达到 62%。这是因为该 ETF 不能被动跟踪一个指数，必须跟随相关政治家的活动。</p>
</div><p>The stocks above give you an idea of why the ETF has performed well, as market darlings Nvidia, Microsoft, and Amazon.com have significant weightings. (Indeed, most or all of the &#34;Magnificent Seven&#34; stocks are included.)</p>
<div class="lb-trans"><p>上述股票让你了解为什么该 ETF 表现良好，因为市场宠儿英伟达、微软和亚马逊在其中占有重要权重。（实际上，“七大奇迹” 中的大部分或全部股票都包含在内。）</p>
</div><h3>The Unusual Whales Subversive Republican ETF</h3>
<div class="lb-trans"><h3>Unusual Whales Subversive Republican ETF</h3>
</div><p>Here are the Republican ETF's top holdings:</p>
<div class="lb-trans"><p>以下是共和党 ETF 的前十大持股：</p>
</div><table>
<thead>
<tr>
<th>Stock</th>
<th>Weight in ETF</th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Comfort Systems USA</strong></td>
<td>5.02%</td>
</tr>
<tr>
<td><strong>JPMorgan Chase</strong></td>
<td>4.78%</td>
</tr>
<tr>
<td>Nvidia</td>
<td>3.49%</td>
</tr>
<tr>
<td><strong>AT&amp;T</strong></td>
<td>2.74%</td>
</tr>
<tr>
<td><strong>Arista Networks</strong></td>
<td>2.46%</td>
</tr>
<tr>
<td><strong>Chevron</strong></td>
<td>2.12%</td>
</tr>
<tr>
<td><strong>Allstate</strong></td>
<td>2.12%</td>
</tr>
<tr>
<td><strong>Intel</strong></td>
<td>2.09%</td>
</tr>
<tr>
<td><strong>National Fuel Gas</strong></td>
<td>1.96%</td>
</tr>
<tr>
<td><strong>Fidelity National Information Services</strong></td>
<td>1.75%</td>
</tr>
</tbody>
</table>
<div class="lb-trans"><table>
<thead>
<tr>
<th>股票</th>
<th>ETF 中的权重</th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Comfort Systems USA</strong></td>
<td>5.02%</td>
</tr>
<tr>
<td><strong>摩根大通</strong></td>
<td>4.78%</td>
</tr>
<tr>
<td>英伟达</td>
<td>3.49%</td>
</tr>
<tr>
<td><strong>AT&amp;T</strong></td>
<td>2.74%</td>
</tr>
<tr>
<td><strong>Arista Networks</strong></td>
<td>2.46%</td>
</tr>
<tr>
<td><strong>雪佛龙</strong></td>
<td>2.12%</td>
</tr>
<tr>
<td><strong>全州</strong></td>
<td>2.12%</td>
</tr>
<tr>
<td><strong>英特尔</strong></td>
<td>2.09%</td>
</tr>
<tr>
<td><strong>National Fuel Gas</strong></td>
<td>1.96%</td>
</tr>
<tr>
<td><strong>Fidelity National Information Services</strong></td>
<td>1.75%</td>
</tr>
</tbody>
</table>
</div><p>Data source: Morningstar.com, as of Aug. 27.</p>
<div class="lb-trans"><p>数据来源：Morningstar.com，截至 8 月 27 日。</p>
</div><p>This ETF is a bit less concentrated, with its top 10 holdings (out of 143) making up only about a third of the ETF's value. It also focuses less on high-tech stocks, with its top holdings including a bank, a telecom giant, energy companies, and an insurance company -- along with Nvidia and some tech stocks. That means it offers a bit more of a dividend yield (though both funds' yields are small, below 1%).</p>
<div class="lb-trans"><p>该 ETF 的集中度稍低，前 10 大持股（共 143 只）仅占 ETF 价值的三分之一左右。它也较少关注高科技股票，前十大持股包括一家银行、一家电信巨头、能源公司和一家保险公司——以及英伟达和一些科技股。这意味着它提供了更高的股息收益率（尽管两只基金的收益率都很小，低于 1%）。</p>
</div><h2>Should you invest in these ETFs?</h2>
<div class="lb-trans"><h2>你应该投资这些 ETF 吗？</h2>
</div><p>I think it's fun to look at these ETFs, but I'm not going to invest in either anytime soon. Sure, politicians have an inside track on legislation or regulations in development, but they're not necessarily the savviest investors.</p>
<div class="lb-trans"><p>我认为查看这些 ETF 很有趣，但我不会在短期内投资其中任何一只。当然，政治家们对正在制定的立法或法规有内部信息，但他们不一定是最精明的投资者。</p>
</div><p>I think it would be safer to go with a tried-and-true index fund such as the Vanguard S&amp;P 500 ETF mentioned above -- which you can see performed very respectably during the periods in question. Alternatively, if you're looking for faster-growing ETFs, there are plenty of those -- and they have much longer track records.</p>
<div class="lb-trans"><p>我认为选择一个经过验证的指数基金，比如上面提到的 Vanguard S&amp;P 500 ETF，会更安全——你可以看到它在相关期间表现得非常不错。或者，如果你在寻找快速增长的 ETF，还有很多这样的选择——而且它们的业绩记录要长得多。</p>
</div>

These ETFs Track Congressional Stock Trades for Democrats and Republicans. Time to Buy?

- 美国国会成员频繁交易股票，可能存在利益冲突。  
- 新推出的两个 ETF 跟踪民主党和共和党的交易活动。  
- 民主党 ETF 年初至今收益 13.52%，表现优于共和党 ETF 的 12.73%。

这些 ETF 追踪民主党和共和党的国会股票交易。现在是买入的时机吗？