- Issuer
- Aztlan
- Inception Date
- Nov 29, 2023
- Category
- Large Cap Blend Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- Aztlan North America Nearshoring Price Return Index - Benchmark Price Return
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $33M
Share Price Chart
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Performance
NRSH Performance Chart
Aztlan North America Nearshoring Stock Selection ETF (NRSH) is up 48.3% since the beginning of the year. NRSH is currently trading at $34 per share.
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Returns By Period
Aztlan North America Nearshoring Stock Selection ETF (NRSH) has returned 48.32% so far this year and 59.62% over the past 12 months.
Aztlan North America Nearshoring Stock Selection ETF
- 1D
- 1.71%
- 1M
- 9.60%
- YTD
- 48.32%
- 6M
- 44.73%
- 1Y
- 59.62%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
NRSH Monthly Returns History
Based on dividend-adjusted daily data since Nov 30, 2023, NRSH's average daily return is +0.09%, while the average monthly return is +1.90%. At this rate, an investment would double in approximately 3.1 years.
Historically, 63% of months were positive and 38% were negative. The best month was Apr 2026 with a return of +22.1%, while the worst month was Dec 2024 at -12.3%. The longest winning streak lasted 3 consecutive months, and the longest losing streak was 3 months.
On a daily basis, NRSH closed higher 53% of trading days. The best single day was Apr 9, 2025 with a return of +7.9%, while the worst single day was Jun 5, 2026 at -5.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 8.06% | 1.56% | -3.69% | 22.13% | 11.45% | 3.08% | 48.32% | ||||||
| 2025 | 4.35% | -1.14% | -5.24% | -0.07% | 7.16% | 1.19% | -2.89% | 2.51% | 6.59% | 7.95% | -4.99% | -2.03% | 12.95% |
| 2024 | -3.82% | 1.72% | 1.88% | -8.82% | 3.63% | -0.93% | 7.36% | 0.23% | 2.16% | -1.89% | 6.28% | -12.28% | -6.17% |
| 2023 | 0.46% | 8.65% | 9.15% |
Benchmark Metrics
Aztlan North America Nearshoring Stock Selection ETF has an annualized alpha of 3.52%, beta of 0.98, and R2 of 0.47 versus S&P 500 Index. Calculated based on daily prices since November 30, 2023.
- This ETF participated in 130.04% of S&P 500 Index downside but only 122.27% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.47 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 3.52%
- Beta
- 0.98
- R²
- 0.47
- Upside Capture
- 122.27%
- Downside Capture
- 130.04%
Expense Ratio
NRSH has an expense ratio of 0.75%, placing it in the medium range.
Return for Risk
Risk / Return Rank
NRSH ranks 76 for risk / return — better than 76% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Aztlan North America Nearshoring Stock Selection ETF (NRSH) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| NRSH | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.29 | ||
| Sortino ratioReturn per unit of downside risk | +0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.37 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 5.48 | 2.78 | +2.69 |
| Martin ratioReturn relative to average drawdown | 16.66 | 12.44 | +4.22 |
Dividends
Dividend History
Aztlan North America Nearshoring Stock Selection ETF provided a 0.28% dividend yield over the last twelve months, with an annual payout of $0.10 per share.
| Period | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Dividend | $0.10 | $0.10 | $0.18 | $0.04 |
Dividend yield | 0.28% | 0.42% | 0.90% | 0.17% |
Monthly Dividends
The table displays the monthly dividend distributions for Aztlan North America Nearshoring Stock Selection ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.10 | $0.10 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.18 | $0.18 |
| 2023 | $0.04 | $0.04 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Aztlan North America Nearshoring Stock Selection ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Aztlan North America Nearshoring Stock Selection ETF was 24.01%, occurring on Apr 8, 2025. Recovery took 134 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -24.01%Apr 2025 | 5mo 2d | 6mo 15d | 11mo 17dNov 2024 - Oct 2025 |
2025 correction2025 | -10.94%Nov 2025 | 17d | 1mo 26d | 2mo 13dNov 2025 - Jan 2026 |
2024 correction2024 | -10.03%Apr 2024 | 3mo 22d | 4mo 7d | 7mo 29dDec 2023 - Aug 2024 |
2026 pullback2026 | -9.98%Mar 2026 | 1mo 5d | 9d | 1mo 14dFeb 2026 - Apr 2026 |
2026 pullback2026 | -7.85%Jun 2026 | 6d | 12d | 18dJun 2026 - Jun 2026 |
Drawdown Indicators
| NRSH | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.01% | -56.78% | +32.77% |
Max Drawdown (1Y)Largest decline over 1 year | -10.94% | -9.10% | -1.84% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -5.56% | -10.71% | +5.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.59% | 2.03% | +1.56% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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