AVLC vs. NRSH

Last updated Jun 3, 2026

AVLC (Avantis U.S. Large Cap Equity ETF) and NRSH (Aztlan North America Nearshoring Stock Selection ETF) are both Large Cap Blend Equities funds. AVLC is actively managed, while NRSH is passively managed. Over the past year, AVLC returned 34.32% vs 59.65% for NRSH. A 0.72 correlation means they provide meaningful diversification when combined. AVLC charges 0.15%/yr vs 0.75%/yr for NRSH.

Performance

AVLC vs. NRSH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis U.S. Large Cap Equity ETF (AVLC) 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, AVLC achieves a 15.30% return, which is significantly lower than NRSH's 47.18% return.

AVLC

• 1D: 0.49%
• 1M: 5.57%
• YTD: 15.30%
• 6M: 16.17%
• 1Y: 34.32%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NRSH

• 1D: 2.36%
• 1M: 12.97%
• YTD: 47.18%
• 6M: 45.33%
• 1Y: 59.65%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AVLC vs. NRSH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
AVLC Avantis U.S. Large Cap Equity ETF	15.30%	17.57%	22.82%	5.39%
NRSH Aztlan North America Nearshoring Stock Selection ETF	47.18%	12.95%	-6.17%	8.65%

Correlation

The correlation between AVLC and NRSH is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.80
Correlation (All Time) Calculated using the full available price history since Dec 1, 2023	0.72

The correlation between AVLC and NRSH has been stable across timeframes, ranging from 0.72 to 0.80 - a consistent structural relationship.

AVLC vs. NRSH - Sectors Allocation Comparison

Sectors	AVLC	NRSH
Technology	32.6%	35.5%
Financial Services	13.1%	-
Industrials	10.8%	58.7%
Consumer Cyclical	10.3%	-
Communication Services	8.7%	-
Energy	7.3%	2.5%
Healthcare	7.2%	-
Consumer Defensive	4.8%	-
Utilities	2.7%	-
Basic Materials	2.3%	-
Real Estate	0.2%	5.8%

Return for Risk

AVLC vs. NRSH — Risk / Return Rank

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

AVLC

AVLC Risk / Return Rank: 84
AVLC Sharpe Ratio Rank: 84
AVLC Sortino Ratio Rank: 83
AVLC Omega Ratio Rank: 82
AVLC Calmar Ratio Rank: 82
AVLC Martin Ratio Rank: 89

NRSH

NRSH Risk / Return Rank: 75
NRSH Sharpe Ratio Rank: 74
NRSH Sortino Ratio Rank: 67
NRSH Omega Ratio Rank: 66
NRSH Calmar Ratio Rank: 89
NRSH Martin Ratio Rank: 82

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.

AVLC vs. NRSH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis U.S. Large Cap Equity ETF (AVLC) 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.

	AVLC	NRSH	Difference
Sharpe ratio Return per unit of total volatility	2.78	2.45	+0.33
Sortino ratio Return per unit of downside risk	3.74	3.14	+0.60
Omega ratio Gain probability vs. loss probability	1.50	1.40	+0.10
Calmar ratio Return relative to maximum drawdown	4.39	5.37	-0.99
Martin ratio Return relative to average drawdown	20.29	16.80	+3.49
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AVLC vs. NRSH - Sharpe Ratio Comparison

The current AVLC Sharpe Ratio is 2.78, which is comparable to the NRSH Sharpe Ratio of 2.45. The chart below compares the historical Sharpe Ratios of AVLC 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

	AVLC	NRSH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.78	2.45	+0.33
Sharpe Ratio (All Time) Calculated using the full available price history	1.68	1.10	+0.59

Drawdowns

AVLC vs. NRSH - Drawdown Comparison

The maximum AVLC drawdown since its inception was -19.64%, smaller than the maximum NRSH drawdown of -24.01%. Use the drawdown chart below to compare losses from any high point for AVLC and NRSH.

Drawdown Indicators

	AVLC	NRSH	Difference
Max Drawdown Largest peak-to-trough decline	-19.64%	-24.01%	+4.37%
Max Drawdown (1Y) Largest decline over 1 year	-8.00%	-10.94%	+2.94%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-1.98%	-5.63%	+3.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.73%	3.50%	-1.77%

Volatility

AVLC vs. NRSH - Volatility Comparison

The current volatility for Avantis U.S. Large Cap Equity ETF (AVLC) is 3.04%, while Aztlan North America Nearshoring Stock Selection ETF (NRSH) has a volatility of 9.26%. This indicates that AVLC 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

	AVLC	NRSH	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.04%	9.26%	-6.22%
Volatility (6M) Calculated over the trailing 6-month period	9.25%	20.31%	-11.06%
Volatility (1Y) Calculated over the trailing 1-year period	12.40%	24.45%	-12.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.70%	21.56%	-5.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.70%	21.56%	-5.86%

AVLC vs. NRSH - Expense Ratio Comparison

AVLC has a 0.15% expense ratio, which is lower than NRSH's 0.75% expense ratio.

Dividends

AVLC vs. NRSH - Dividend Comparison

AVLC's dividend yield for the trailing twelve months is around 0.78%, more than NRSH's 0.28% yield.

Position	TTM	2025	2024	2023
AVLC Avantis U.S. Large Cap Equity ETF	0.78%	0.92%	1.09%	0.38%
NRSH Aztlan North America Nearshoring Stock Selection ETF	0.28%	0.42%	0.90%	0.17%

Frequently Asked Questions

Can I hold both AVLC and NRSH in my portfolio?

AVLC and NRSH have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AVLC or NRSH?

NRSH has higher volatility (9.26%) compared to AVLC (3.04%). In terms of maximum drawdown, AVLC dropped -19.64% vs NRSH's -24.01%.

Which ETF is better, AVLC or NRSH?

On 1-year performance, NRSH leads with 59.65% vs 34.32% for AVLC. On fees, AVLC is cheaper at 0.15% per year. On volatility, AVLC has been the lower-risk option at 3.04%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVLC or NRSH?

Over the 1-year period, NRSH has performed better with a 59.65% return vs 34.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVLC or NRSH?

AVLC is cheaper with a 0.15% expense ratio, compared with 0.75% for NRSH.

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

AVLC has the higher dividend yield at 0.78%, compared with 0.28% for NRSH.

What is the main difference between AVLC and NRSH?

They also come from different issuers: American Century and Aztlan. Their fees differ too: 0.15% for AVLC and 0.75% for NRSH.

Which has better risk-adjusted returns?

AVLC currently has the higher Sharpe Ratio (2.78 vs 2.45), 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.