AVIE vs. NRSH

Last updated Jun 4, 2026

AVIE (Avantis Inflation Focused Equity ETF) and NRSH (Aztlan North America Nearshoring Stock Selection ETF) are both Large Cap Blend Equities funds. AVIE is actively managed, while NRSH is passively managed. Over the past year, AVIE returned 23.46% vs 58.80% for NRSH. At a 0.49 correlation, their price movements are largely independent. AVIE charges 0.25%/yr vs 0.75%/yr for NRSH.

Performance

AVIE vs. NRSH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis Inflation Focused Equity ETF (AVIE) 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, AVIE achieves a 12.80% return, which is significantly lower than NRSH's 47.92% return.

AVIE

• 1D: 0.43%
• 1M: 0.22%
• YTD: 12.80%
• 6M: 12.98%
• 1Y: 23.46%
• 3Y*: 13.07%
• 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)

AVIE vs. NRSH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
AVIE Avantis Inflation Focused Equity ETF	12.80%	11.37%	6.17%	1.59%
NRSH Aztlan North America Nearshoring Stock Selection ETF	47.92%	12.95%	-6.17%	8.65%

Correlation

The correlation between AVIE and NRSH is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.28
Correlation (All Time) Calculated using the full available price history since Dec 1, 2023	0.49

Over the past year, the correlation between AVIE and NRSH has dropped to 0.28 - well below their long-term average of 0.49, suggesting their price drivers have been diverging.

AVIE vs. NRSH - Sectors Allocation Comparison

Sectors	AVIE	NRSH
Energy	30.1%	2.5%
Healthcare	26.3%	-
Consumer Defensive	17.1%	-
Financial Services	15.0%	-
Basic Materials	9.8%	-
Industrials	1.1%	58.7%
Real Estate	0.1%	5.8%
Utilities	0.1%	-
Consumer Cyclical	0.1%	-
Technology	0.1%	35.5%
Communication Services	-	-

Return for Risk

AVIE vs. NRSH — Risk / Return Rank

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

AVIE

AVIE Risk / Return Rank: 76
AVIE Sharpe Ratio Rank: 73
AVIE Sortino Ratio Rank: 76
AVIE Omega Ratio Rank: 70
AVIE Calmar Ratio Rank: 86
AVIE Martin Ratio Rank: 76

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.

AVIE vs. NRSH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis Inflation Focused Equity ETF (AVIE) 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.

	AVIE	NRSH	Difference
Sharpe ratio: Return per unit of total volatility	2.39	2.42	-0.03
Sortino ratio: Return per unit of downside risk	3.44	3.11	+0.34
Omega ratio: Gain probability vs. loss probability	1.42	1.40	+0.02
Calmar ratio: Return relative to maximum drawdown	4.74	5.40	-0.66
Martin ratio: Return relative to average drawdown	14.57	16.86	-2.29
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AVIE vs. NRSH - Sharpe Ratio Comparison

The current AVIE Sharpe Ratio is 2.39, which is comparable to the NRSH Sharpe Ratio of 2.42. The chart below compares the historical Sharpe Ratios of AVIE 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

	AVIE	NRSH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.39	2.42	-0.03
Sharpe Ratio (All Time) Calculated using the full available price history	1.05	1.11	-0.06

Drawdowns

AVIE vs. NRSH - Drawdown Comparison

The maximum AVIE drawdown since its inception was -12.39%, smaller than the maximum NRSH drawdown of -24.01%. Use the drawdown chart below to compare losses from any high point for AVIE and NRSH.

Drawdown Indicators

	AVIE	NRSH	Difference
Max Drawdown Largest peak-to-trough decline	-12.39%	-24.01%	+11.62%
Max Drawdown (1Y) Largest decline over 1 year	-4.97%	-10.94%	+5.97%
Max Drawdown (3Y) Largest decline over 3 years	-12.39%	—	—
Current Drawdown Current decline from peak	-1.36%	0.00%	-1.36%
Average Drawdown Average peak-to-trough decline	-3.03%	-5.62%	+2.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.62%	3.50%	-1.88%

Volatility

AVIE vs. NRSH - Volatility Comparison

The current volatility for Avantis Inflation Focused Equity ETF (AVIE) is 3.06%, while Aztlan North America Nearshoring Stock Selection ETF (NRSH) has a volatility of 9.21%. This indicates that AVIE 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

	AVIE	NRSH	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.06%	9.21%	-6.15%
Volatility (6M) Calculated over the trailing 6-month period	7.19%	20.27%	-13.08%
Volatility (1Y) Calculated over the trailing 1-year period	9.88%	24.44%	-14.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.94%	21.54%	-8.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.94%	21.54%	-8.60%

AVIE vs. NRSH - Expense Ratio Comparison

AVIE has a 0.25% expense ratio, which is lower than NRSH's 0.75% expense ratio.

Dividends

AVIE vs. NRSH - Dividend Comparison

AVIE's dividend yield for the trailing twelve months is around 1.45%, more than NRSH's 0.28% yield.

Position	TTM	2025	2024	2023	2022
AVIE Avantis Inflation Focused Equity ETF	1.45%	1.75%	1.89%	3.72%	0.39%
NRSH Aztlan North America Nearshoring Stock Selection ETF	0.28%	0.42%	0.90%	0.17%	0.00%

Frequently Asked Questions

Can I hold both AVIE and NRSH in my portfolio?

AVIE and NRSH have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AVIE or NRSH?

NRSH has higher volatility (9.21%) compared to AVIE (3.06%). In terms of maximum drawdown, AVIE dropped -12.39% vs NRSH's -24.01%.

Which ETF is better, AVIE or NRSH?

On 1-year performance, NRSH leads with 58.80% vs 23.46% for AVIE. On fees, AVIE is cheaper at 0.25% per year. On volatility, AVIE has been the lower-risk option at 3.06%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVIE or NRSH?

Over the 1-year period, NRSH has performed better with a 58.80% return vs 23.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVIE or NRSH?

AVIE is cheaper with a 0.25% expense ratio, compared with 0.75% for NRSH.

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

AVIE has the higher dividend yield at 1.45%, compared with 0.28% for NRSH.

What is the main difference between AVIE and NRSH?

They also come from different issuers: Avantis and Aztlan. Their fees differ too: 0.25% for AVIE and 0.75% for NRSH.

Which has better risk-adjusted returns?

NRSH currently has the higher Sharpe Ratio (2.42 vs 2.39), 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.