AAPY vs. NRSH

Last updated Jun 4, 2026

AAPY (Kurv Yield Premium Strategy Apple (AAPL) ETF) and NRSH (Aztlan North America Nearshoring Stock Selection ETF) are both Large Cap Blend Equities funds. AAPY is actively managed, while NRSH is passively managed. Over the past year, AAPY returned 43.66% vs 58.80% for NRSH. At a 0.30 correlation, their price movements are largely independent. AAPY charges 0.99%/yr vs 0.75%/yr for NRSH.

Performance

AAPY vs. NRSH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Kurv Yield Premium Strategy Apple (AAPL) ETF (AAPY) and Aztlan North America Nearshoring Stock Selection ETF (NRSH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AAPY achieves a 14.66% return, which is significantly lower than NRSH's 47.92% return.

AAPY

• 1D: -1.55%
• 1M: 13.81%
• YTD: 14.66%
• 6M: 11.04%
• 1Y: 43.66%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NRSH

• 1D: 0.51%
• 1M: 13.93%
• YTD: 47.92%
• 6M: 46.01%
• 1Y: 58.80%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AAPY vs. NRSH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
AAPY Kurv Yield Premium Strategy Apple (AAPL) ETF	14.66%	5.04%	20.54%	1.36%
NRSH Aztlan North America Nearshoring Stock Selection ETF	47.92%	12.95%	-6.17%	8.65%

Correlation

The correlation between AAPY and NRSH is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (All Time) Calculated using the full available price history since Dec 1, 2023	0.30

Return for Risk

AAPY vs. NRSH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AAPY

AAPY Risk / Return Rank: 58
AAPY Sharpe Ratio Rank: 60
AAPY Sortino Ratio Rank: 58
AAPY Omega Ratio Rank: 62
AAPY Calmar Ratio Rank: 61
AAPY Martin Ratio Rank: 50

NRSH

NRSH Risk / Return Rank: 76
NRSH Sharpe Ratio Rank: 74
NRSH Sortino Ratio Rank: 68
NRSH Omega Ratio Rank: 66
NRSH Calmar Ratio Rank: 89
NRSH Martin Ratio Rank: 83

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AAPY vs. NRSH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kurv Yield Premium Strategy Apple (AAPL) ETF (AAPY) and Aztlan North America Nearshoring Stock Selection ETF (NRSH). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	AAPY	NRSH	Difference
Sharpe ratio: Return per unit of total volatility	2.05	2.42	-0.37
Sortino ratio: Return per unit of downside risk	2.80	3.11	-0.31
Omega ratio: Gain probability vs. loss probability	1.38	1.40	-0.02
Calmar ratio: Return relative to maximum drawdown	3.03	5.40	-2.37
Martin ratio: Return relative to average drawdown	8.23	16.86	-8.62
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AAPY vs. NRSH - Sharpe Ratio Comparison

The current AAPY Sharpe Ratio is 2.05, which is comparable to the NRSH Sharpe Ratio of 2.42. The chart below compares the historical Sharpe Ratios of AAPY and NRSH, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AAPY	NRSH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.05	2.42	-0.37
Sharpe Ratio (All Time) Calculated using the full available price history	0.87	1.11	-0.24

Drawdowns

AAPY vs. NRSH - Drawdown Comparison

The maximum AAPY drawdown since its inception was -29.22%, which is greater than NRSH's maximum drawdown of -24.01%. Use the drawdown chart below to compare losses from any high point for AAPY and NRSH.

Drawdown Indicators

	AAPY	NRSH	Difference
Max Drawdown Largest peak-to-trough decline	-29.22%	-24.01%	-5.21%
Max Drawdown (1Y) Largest decline over 1 year	-14.47%	-10.94%	-3.53%
Current Drawdown Current decline from peak	-1.55%	0.00%	-1.55%
Average Drawdown Average peak-to-trough decline	-6.34%	-5.62%	-0.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.32%	3.50%	+1.82%

Volatility

AAPY vs. NRSH - Volatility Comparison

The current volatility for Kurv Yield Premium Strategy Apple (AAPL) ETF (AAPY) is 6.18%, while Aztlan North America Nearshoring Stock Selection ETF (NRSH) has a volatility of 9.21%. This indicates that AAPY experiences smaller price fluctuations and is considered to be less risky than NRSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AAPY	NRSH	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.18%	9.21%	-3.03%
Volatility (6M) Calculated over the trailing 6-month period	17.77%	20.27%	-2.50%
Volatility (1Y) Calculated over the trailing 1-year period	21.42%	24.44%	-3.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.58%	21.54%	+1.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.58%	21.54%	+1.04%

AAPY vs. NRSH - Expense Ratio Comparison

AAPY has a 0.99% expense ratio, which is higher than NRSH's 0.75% expense ratio.

Dividends

AAPY vs. NRSH - Dividend Comparison

AAPY's dividend yield for the trailing twelve months is around 11.30%, more than NRSH's 0.28% yield.

Position	TTM	2025	2024	2023
AAPY Kurv Yield Premium Strategy Apple (AAPL) ETF	11.30%	12.66%	17.15%	2.16%
NRSH Aztlan North America Nearshoring Stock Selection ETF	0.28%	0.42%	0.90%	0.17%

Frequently Asked Questions

Can I hold both AAPY and NRSH in my portfolio?

AAPY and NRSH have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AAPY or NRSH?

NRSH has higher volatility (9.21%) compared to AAPY (6.18%). In terms of maximum drawdown, AAPY dropped -29.22% vs NRSH's -24.01%.

Which ETF is better, AAPY or NRSH?

On 1-year performance, NRSH leads with 58.80% vs 43.66% for AAPY. On fees, NRSH is cheaper at 0.75% per year. On volatility, AAPY has been the lower-risk option at 6.18%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AAPY or NRSH?

Over the 1-year period, NRSH has performed better with a 58.80% return vs 43.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AAPY or NRSH?

NRSH is cheaper with a 0.75% expense ratio, compared with 0.99% for AAPY.

Which ETF pays a higher dividend yield, AAPY or NRSH?

AAPY has the higher dividend yield at 11.30%, compared with 0.28% for NRSH.

What is the main difference between AAPY and NRSH?

They also come from different issuers: Kurv and Aztlan. Their fees differ too: 0.99% for AAPY and 0.75% for NRSH.

Which has better risk-adjusted returns?

NRSH currently has the higher Sharpe Ratio (2.42 vs 2.05), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.