ESUM vs. NRSH

Last updated Jun 4, 2026

ESUM (Eventide US Market ETF) and NRSH (Aztlan North America Nearshoring Stock Selection ETF) are both Large Cap Blend Equities funds. ESUM is actively managed, while NRSH is passively managed. A 0.77 correlation means they provide meaningful diversification when combined. ESUM charges 0.39%/yr vs 0.75%/yr for NRSH.

Performance

ESUM vs. NRSH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eventide US Market ETF (ESUM) 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, ESUM achieves a 12.37% return, which is significantly lower than NRSH's 47.92% return.

ESUM

• 1D: -0.49%
• 1M: 7.13%
• YTD: 12.37%
• 6M: 11.35%
• 1Y: —
• 3Y*: —
• 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)

ESUM vs. NRSH - Yearly Performance Comparison

	2026 (YTD)	2025
ESUM Eventide US Market ETF	12.37%	1.23%
NRSH Aztlan North America Nearshoring Stock Selection ETF	47.92%	7.10%

Correlation

The correlation between ESUM and NRSH is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 2, 2025	0.77

Return for Risk

ESUM vs. NRSH — Risk / Return Rank

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

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.

ESUM vs. NRSH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eventide US Market ETF (ESUM) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	ESUM	NRSH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.42	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.35	1.11	+0.25

Drawdowns

ESUM vs. NRSH - Drawdown Comparison

The maximum ESUM drawdown since its inception was -8.13%, smaller than the maximum NRSH drawdown of -24.01%. Use the drawdown chart below to compare losses from any high point for ESUM and NRSH.

Drawdown Indicators

	ESUM	NRSH	Difference
Max Drawdown Largest peak-to-trough decline	-8.13%	-24.01%	+15.88%
Max Drawdown (1Y) Largest decline over 1 year	—	-10.94%	—
Current Drawdown Current decline from peak	-0.49%	0.00%	-0.49%
Average Drawdown Average peak-to-trough decline	-1.60%	-5.62%	+4.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.50%	—

Volatility

Volatility by Period

	ESUM	NRSH	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	9.21%	—
Volatility (6M) Calculated over the trailing 6-month period	—	20.27%	—
Volatility (1Y) Calculated over the trailing 1-year period	13.79%	24.44%	-10.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.79%	21.54%	-7.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.79%	21.54%	-7.75%

ESUM vs. NRSH - Expense Ratio Comparison

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

Dividends

ESUM vs. NRSH - Dividend Comparison

ESUM's dividend yield for the trailing twelve months is around 0.57%, more than NRSH's 0.28% yield.

Position	TTM	2025	2024	2023
ESUM Eventide US Market ETF	0.57%	0.48%	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 ESUM and NRSH in my portfolio?

ESUM and NRSH have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ESUM or NRSH?

On fees, ESUM is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ESUM or NRSH?

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

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

ESUM has the higher dividend yield at 0.57%, compared with 0.28% for NRSH.

What is the main difference between ESUM and NRSH?

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