EBI vs. NRSH

Last updated Jun 23, 2026

EBI (Longview Advantage ETF) and NRSH (Aztlan North America Nearshoring Stock Selection ETF) are both Large Cap Blend Equities funds. EBI is actively managed, while NRSH is passively managed. Over the past year, EBI returned 32.98% vs 59.62% for NRSH. Their correlation of 0.81 suggests significant overlap in exposure. EBI charges 0.24%/yr vs 0.75%/yr for NRSH.

Performance

EBI vs. NRSH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Longview Advantage ETF (EBI) 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, EBI achieves a 14.81% return, which is significantly lower than NRSH's 48.32% return.

EBI

• 1D: 0.12%
• 1M: 1.88%
• YTD: 14.81%
• 6M: 13.81%
• 1Y: 32.98%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NRSH

• 1D: 1.71%
• 1M: 9.60%
• YTD: 48.32%
• 6M: 44.73%
• 1Y: 59.62%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EBI vs. NRSH - Yearly Performance Comparison

	2026 (YTD)	2025
EBI Longview Advantage ETF	14.81%	15.82%
NRSH Aztlan North America Nearshoring Stock Selection ETF	48.32%	9.99%

Correlation

The correlation between EBI and NRSH is 0.78, 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	0.78
Correlation (All Time) Calculated using the full available price history since Feb 27, 2025	0.81

The correlation between EBI and NRSH has been stable across timeframes, ranging from 0.78 to 0.81 - a consistent structural relationship.

Return for Risk

EBI vs. NRSH — Risk / Return Rank

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

EBI

EBI Risk / Return Rank: 86
EBI Sharpe Ratio Rank: 86
EBI Sortino Ratio Rank: 85
EBI Omega Ratio Rank: 82
EBI Calmar Ratio Rank: 86
EBI Martin Ratio Rank: 89

NRSH

NRSH Risk / Return Rank: 76
NRSH Sharpe Ratio Rank: 76
NRSH Sortino Ratio Rank: 67
NRSH Omega Ratio Rank: 65
NRSH Calmar Ratio Rank: 91
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.

EBI vs. NRSH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Longview Advantage ETF (EBI) 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.

	EBI	NRSH	Difference
Sharpe ratio: Return per unit of total volatility	2.66	2.32	+0.34
Sortino ratio: Return per unit of downside risk	3.63	2.97	+0.65
Omega ratio: Gain probability vs. loss probability	1.47	1.38	+0.09
Calmar ratio: Return relative to maximum drawdown	4.67	5.48	-0.80
Martin ratio: Return relative to average drawdown	18.97	16.66	+2.31

EBI vs. NRSH - Sharpe Ratio Comparison

The current EBI Sharpe Ratio is 2.66, which is comparable to the NRSH Sharpe Ratio of 2.32. The chart below compares the historical Sharpe Ratios of EBI 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

EBI vs. NRSH - Drawdown Comparison

The maximum EBI drawdown since its inception was -17.05%, smaller than the maximum NRSH drawdown of -24.01%. Use the drawdown chart below to compare losses from any high point for EBI and NRSH.

Drawdown Indicators

	EBI	NRSH	Difference
Max Drawdown Largest peak-to-trough decline	-17.05%	-24.01%	+6.96%
Max Drawdown (1Y) Largest decline over 1 year	-7.09%	-10.94%	+3.85%
Current Drawdown Current decline from peak	-0.47%	0.00%	-0.47%
Average Drawdown Average peak-to-trough decline	-2.03%	-5.56%	+3.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.74%	3.59%	-1.85%

Volatility

EBI vs. NRSH - Volatility Comparison

The current volatility for Longview Advantage ETF (EBI) is 3.88%, while Aztlan North America Nearshoring Stock Selection ETF (NRSH) has a volatility of 9.85%. This indicates that EBI 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

	EBI	NRSH	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.88%	9.85%	-5.97%
Volatility (6M) Calculated over the trailing 6-month period	9.22%	21.51%	-12.29%
Volatility (1Y) Calculated over the trailing 1-year period	12.47%	25.85%	-13.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.88%	22.00%	-4.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.88%	22.00%	-4.12%

EBI vs. NRSH - Expense Ratio Comparison

EBI has a 0.24% expense ratio, which is lower than NRSH's 0.75% expense ratio.

Dividends

EBI vs. NRSH - Dividend Comparison

EBI's dividend yield for the trailing twelve months is around 0.92%, more than NRSH's 0.28% yield.

Position	TTM	2025	2024	2023
EBI Longview Advantage ETF	0.92%	1.05%	0.00%	0.00%
NRSH Aztlan North America Nearshoring Stock Selection ETF	0.28%	0.42%	0.90%	0.17%

Frequently Asked Questions

Can I hold both EBI and NRSH in my portfolio?

EBI and NRSH have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EBI or NRSH?

NRSH has higher volatility (9.85%) compared to EBI (3.88%). In terms of maximum drawdown, EBI dropped -17.05% vs NRSH's -24.01%.

Which ETF is better, EBI or NRSH?

On 1-year performance, NRSH leads with 59.62% vs 32.98% for EBI. On fees, EBI is cheaper at 0.24% per year. On volatility, EBI has been the lower-risk option at 3.88%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EBI or NRSH?

Over the 1-year period, NRSH has performed better with a 59.62% return vs 32.98%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EBI or NRSH?

EBI is cheaper with a 0.24% expense ratio, compared with 0.75% for NRSH.

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

EBI has the higher dividend yield at 0.92%, compared with 0.28% for NRSH.

What is the main difference between EBI and NRSH?

They also come from different issuers: Longview and Aztlan. Their fees differ too: 0.24% for EBI and 0.75% for NRSH.

Which has better risk-adjusted returns?

EBI currently has the higher Sharpe Ratio (2.66 vs 2.32), 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.