BOBP vs. NRSH

Last updated Jul 17, 2026

BOBP (CORE16 Best of Breed Premier Index ETF) and NRSH (Aztlan North America Nearshoring Stock Selection ETF) are both Large Cap Blend Equities funds - BOBP tracks the CORE16 Best of Breed Premier Index while NRSH tracks the Aztlan North America Nearshoring Price Return Index - Benchmark Price Return. Both are passively managed. Over the past year, BOBP returned 23.83% vs 46.35% for NRSH. Their correlation of 0.87 suggests significant overlap in exposure. BOBP charges 0.70%/yr vs 0.75%/yr for NRSH.

Performance

BOBP vs. NRSH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in CORE16 Best of Breed Premier Index ETF (BOBP) 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, BOBP achieves a 16.43% return, which is significantly lower than NRSH's 38.18% return.

BOBP

• 1D: -2.00%
• 1M: -6.08%
• 6M: 10.07%
• YTD: 16.43%
• 1Y: 23.83%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NRSH

• 1D: -1.82%
• 1M: -4.22%
• 6M: 26.11%
• YTD: 38.18%
• 1Y: 46.35%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BOBP vs. NRSH - Yearly Performance Comparison

	2026 (YTD)	2025
BOBP CORE16 Best of Breed Premier Index ETF	16.43%	7.63%
NRSH Aztlan North America Nearshoring Stock Selection ETF	38.18%	7.54%

Correlation

The correlation between BOBP and NRSH is 0.88, 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	0.88
Correlation (All Time) Calculated using the full available price history since May 21, 2025	0.87

The correlation between BOBP and NRSH has been stable across timeframes, ranging from 0.87 to 0.88 - a consistent structural relationship.

BOBP vs. NRSH - Sectors Allocation Comparison

Sectors	BOBP	NRSH
Technology	35.3%	36.7%
Industrials	22.8%	57.9%
Financial Services	9.9%	-
Basic Materials	7.0%	-
Utilities	5.6%	-
Energy	5.0%	2.5%
Consumer Defensive	4.2%	-
Communication Services	3.8%	-
Healthcare	3.1%	-
Consumer Cyclical	2.7%	-
Real Estate	-	5.4%

Return for Risk

BOBP vs. NRSH — Risk / Return Rank

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

BOBP

BOBP Risk / Return Rank: 40
BOBP Sharpe Ratio Rank: 35
BOBP Sortino Ratio Rank: 33
BOBP Omega Ratio Rank: 36
BOBP Calmar Ratio Rank: 44
BOBP Martin Ratio Rank: 50

NRSH

NRSH Risk / Return Rank: 72
NRSH Sharpe Ratio Rank: 67
NRSH Sortino Ratio Rank: 62
NRSH Omega Ratio Rank: 58
NRSH Calmar Ratio Rank: 90
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.

BOBP vs. NRSH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CORE16 Best of Breed Premier Index ETF (BOBP) 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.

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.

	BOBP	NRSH	Difference
Sharpe ratio: Return per unit of total volatility	1.04	1.73	-0.69
Sortino ratio: Return per unit of downside risk	1.50	2.33	-0.83
Omega ratio: Gain probability vs. loss probability	1.20	1.29	-0.09
Calmar ratio: Return relative to maximum drawdown	1.83	4.26	-2.43
Martin ratio: Return relative to average drawdown	6.75	12.58	-5.83

BOBP vs. NRSH - Sharpe Ratio Comparison

The current BOBP Sharpe Ratio is 1.04, which is lower than the NRSH Sharpe Ratio of 1.73. The chart below compares the historical Sharpe Ratios of BOBP 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.

Drawdowns

BOBP vs. NRSH - Drawdown Comparison

The maximum BOBP drawdown since its inception was -13.06%, smaller than the maximum NRSH drawdown of -24.01%. Use the drawdown chart below to compare losses from any high point for BOBP and NRSH.

Drawdown Indicators

	BOBP	NRSH	Difference
Max Drawdown Largest peak-to-trough decline	-13.06%	-24.01%	+10.95%
Max Drawdown (1Y) Largest decline over 1 year	-13.06%	-10.94%	-2.12%
Current Drawdown Current decline from peak	-10.85%	-7.18%	-3.67%
Average Drawdown Average peak-to-trough decline	-1.94%	-5.52%	+3.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.54%	3.69%	-0.15%

Volatility

BOBP vs. NRSH - Volatility Comparison

CORE16 Best of Breed Premier Index ETF (BOBP) has a higher volatility of 11.39% compared to Aztlan North America Nearshoring Stock Selection ETF (NRSH) at 9.04%. This indicates that BOBP's price experiences larger fluctuations and is considered to be riskier than NRSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BOBP	NRSH	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.39%	9.04%	+2.35%
Volatility (6M) Calculated over the trailing 6-month period	20.96%	22.67%	-1.71%
Volatility (1Y) Calculated over the trailing 1-year period	22.91%	26.91%	-4.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.61%	22.34%	-0.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.61%	22.34%	-0.73%

BOBP vs. NRSH - Expense Ratio Comparison

BOBP has a 0.70% expense ratio, which is lower than NRSH's 0.75% expense ratio.

Dividends

BOBP vs. NRSH - Dividend Comparison

BOBP's dividend yield for the trailing twelve months is around 2.84%, more than NRSH's 0.30% yield.

Position	TTM	2025	2024	2023
BOBP CORE16 Best of Breed Premier Index ETF	2.84%	3.31%	0.00%	0.00%
NRSH Aztlan North America Nearshoring Stock Selection ETF	0.30%	0.42%	0.90%	0.17%

Frequently Asked Questions

Can I hold both BOBP and NRSH in my portfolio?

BOBP and NRSH have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BOBP or NRSH?

BOBP has higher volatility (11.39%) compared to NRSH (9.04%). In terms of maximum drawdown, BOBP dropped -13.06% vs NRSH's -24.01%.

Which ETF is better, BOBP or NRSH?

On 1-year performance, NRSH leads with 46.35% vs 23.83% for BOBP. On fees, BOBP is cheaper at 0.70% per year. On volatility, NRSH has been the lower-risk option at 9.04%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BOBP or NRSH?

Over the 1-year period, NRSH has performed better with a 46.35% return vs 23.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BOBP or NRSH?

BOBP is cheaper with a 0.70% expense ratio, compared with 0.75% for NRSH.

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

BOBP has the higher dividend yield at 2.84%, compared with 0.30% for NRSH.

What is the main difference between BOBP and NRSH?

BOBP tracks CORE16 Best of Breed Premier Index, while NRSH tracks Aztlan North America Nearshoring Price Return Index - Benchmark Price Return. They also come from different issuers: Exchange Traded Concepts and Aztlan. Their fees differ too: 0.70% for BOBP and 0.75% for NRSH.

Which has better risk-adjusted returns?

NRSH currently has the higher Sharpe Ratio (1.73 vs 1.04), 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.