DUBS vs. NRSH

Last updated Jun 5, 2026

DUBS (Aptus Large Cap Enhanced Yield ETF) and NRSH (Aztlan North America Nearshoring Stock Selection ETF) are both Large Cap Blend Equities funds. DUBS is actively managed, while NRSH is passively managed. Over the past year, DUBS returned 32.48% vs 58.28% for NRSH. A 0.64 correlation means they provide meaningful diversification when combined. DUBS charges 0.39%/yr vs 0.75%/yr for NRSH.

Performance

DUBS vs. NRSH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Aptus Large Cap Enhanced Yield ETF (DUBS) 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, DUBS achieves a 13.00% return, which is significantly lower than NRSH's 46.91% return.

DUBS

• 1D: 0.34%
• 1M: 5.12%
• YTD: 13.00%
• 6M: 13.09%
• 1Y: 32.48%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NRSH

• 1D: -0.68%
• 1M: 8.69%
• YTD: 46.91%
• 6M: 44.09%
• 1Y: 58.28%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DUBS vs. NRSH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
DUBS Aptus Large Cap Enhanced Yield ETF	13.00%	19.28%	24.08%	3.38%
NRSH Aztlan North America Nearshoring Stock Selection ETF	46.91%	12.95%	-6.17%	8.65%

Correlation

The correlation between DUBS and NRSH is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.72
Correlation (All Time) Calculated using the full available price history since Dec 1, 2023	0.64

The correlation between DUBS and NRSH has been stable across timeframes, ranging from 0.64 to 0.72 - a consistent structural relationship.

DUBS vs. NRSH - Sectors Allocation Comparison

Sectors	DUBS	NRSH
Technology	36.2%	35.5%
Financial Services	11.8%	-
Communication Services	11.0%	-
Consumer Cyclical	10.1%	-
Healthcare	8.4%	-
Industrials	8.2%	58.7%
Consumer Defensive	4.8%	-
Energy	3.5%	2.5%
Utilities	2.3%	-
Real Estate	1.9%	5.8%
Basic Materials	1.8%	-

Return for Risk

DUBS vs. NRSH — Risk / Return Rank

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

DUBS

DUBS Risk / Return Rank: 81
DUBS Sharpe Ratio Rank: 80
DUBS Sortino Ratio Rank: 79
DUBS Omega Ratio Rank: 80
DUBS Calmar Ratio Rank: 78
DUBS Martin Ratio Rank: 88

NRSH

NRSH Risk / Return Rank: 77
NRSH Sharpe Ratio Rank: 75
NRSH Sortino Ratio Rank: 68
NRSH Omega Ratio Rank: 66
NRSH Calmar Ratio Rank: 89
NRSH Martin Ratio Rank: 84

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.

DUBS vs. NRSH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Aptus Large Cap Enhanced Yield ETF (DUBS) 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.

	DUBS	NRSH	Difference
Sharpe ratio: Return per unit of total volatility	2.57	2.40	+0.17
Sortino ratio: Return per unit of downside risk	3.47	3.08	+0.38
Omega ratio: Gain probability vs. loss probability	1.47	1.39	+0.08
Calmar ratio: Return relative to maximum drawdown	3.94	5.35	-1.42
Martin ratio: Return relative to average drawdown	18.74	16.71	+2.04
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DUBS vs. NRSH - Sharpe Ratio Comparison

The current DUBS Sharpe Ratio is 2.57, which is comparable to the NRSH Sharpe Ratio of 2.40. The chart below compares the historical Sharpe Ratios of DUBS 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

	DUBS	NRSH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.57	2.40	+0.17
Sharpe Ratio (All Time) Calculated using the full available price history	1.53	1.09	+0.43

Drawdowns

DUBS vs. NRSH - Drawdown Comparison

The maximum DUBS drawdown since its inception was -18.48%, smaller than the maximum NRSH drawdown of -24.01%. Use the drawdown chart below to compare losses from any high point for DUBS and NRSH.

Drawdown Indicators

	DUBS	NRSH	Difference
Max Drawdown Largest peak-to-trough decline	-18.48%	-24.01%	+5.53%
Max Drawdown (1Y) Largest decline over 1 year	-8.29%	-10.94%	+2.65%
Current Drawdown Current decline from peak	-0.19%	-0.68%	+0.49%
Average Drawdown Average peak-to-trough decline	-1.94%	-5.61%	+3.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.74%	3.50%	-1.76%

Volatility

DUBS vs. NRSH - Volatility Comparison

The current volatility for Aptus Large Cap Enhanced Yield ETF (DUBS) is 2.69%, while Aztlan North America Nearshoring Stock Selection ETF (NRSH) has a volatility of 8.57%. This indicates that DUBS 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

	DUBS	NRSH	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.69%	8.57%	-5.88%
Volatility (6M) Calculated over the trailing 6-month period	9.47%	20.30%	-10.83%
Volatility (1Y) Calculated over the trailing 1-year period	12.72%	24.44%	-11.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.54%	21.53%	-6.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.54%	21.53%	-6.99%

DUBS vs. NRSH - Expense Ratio Comparison

DUBS has a 0.39% expense ratio, which is lower than NRSH's 0.75% expense ratio.

Dividends

DUBS vs. NRSH - Dividend Comparison

DUBS's dividend yield for the trailing twelve months is around 1.93%, more than NRSH's 0.28% yield.

Position	TTM	2025	2024	2023
DUBS Aptus Large Cap Enhanced Yield ETF	1.93%	2.06%	2.52%	1.14%
NRSH Aztlan North America Nearshoring Stock Selection ETF	0.28%	0.42%	0.90%	0.17%

Frequently Asked Questions

Can I hold both DUBS and NRSH in my portfolio?

DUBS and NRSH have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DUBS or NRSH?

NRSH has higher volatility (8.57%) compared to DUBS (2.69%). In terms of maximum drawdown, DUBS dropped -18.48% vs NRSH's -24.01%.

Which ETF is better, DUBS or NRSH?

On 1-year performance, NRSH leads with 58.28% vs 32.48% for DUBS. On fees, DUBS is cheaper at 0.39% per year. On volatility, DUBS has been the lower-risk option at 2.69%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DUBS or NRSH?

Over the 1-year period, NRSH has performed better with a 58.28% return vs 32.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DUBS or NRSH?

DUBS is cheaper with a 0.39% expense ratio, compared with 0.75% for NRSH.

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

DUBS has the higher dividend yield at 1.93%, compared with 0.28% for NRSH.

What is the main difference between DUBS and NRSH?

They also come from different issuers: Aptus and Aztlan. Their fees differ too: 0.39% for DUBS and 0.75% for NRSH.

Which has better risk-adjusted returns?

DUBS currently has the higher Sharpe Ratio (2.57 vs 2.40), 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.