EXEQ vs. NRSH

Last updated Jul 28, 2026

EXEQ (Wedbush ReturnOnLeadership U.S. Large-Cap ETF) and NRSH (Aztlan North America Nearshoring Stock Selection ETF) are both Large Cap Blend Equities funds - EXEQ tracks the Solactive Indiggo ReturnOnLeadership U.S. Large-Cap Index while NRSH tracks the Aztlan North America Nearshoring Price Return Index - Benchmark Price Return. Both are passively managed. Their 0.58 correlation means they have sometimes moved together and sometimes differently. Both charge a 0.75% expense ratio.

Performance

EXEQ vs. NRSH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Wedbush ReturnOnLeadership U.S. Large-Cap ETF (EXEQ) and Aztlan North America Nearshoring Stock Selection ETF (NRSH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

EXEQ

• 1D: 0.16%
• 1M: -0.88%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

NRSH

• 1D: -0.54%
• 1M: -5.29%
• 6M: 22.36%
• YTD: 35.27%
• 1Y: 41.69%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 18.36%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
EXEQ Wedbush ReturnOnLeadership U.S. Large-Cap ETF	$2.07K	$1.19K	$2.71K
NRSH Aztlan North America Nearshoring Stock Selection ETF	$194.42K	$112.04K	$74.08K

EXEQ vs. NRSH - Yearly Performance Comparison

	2026 (YTD)
EXEQ Wedbush ReturnOnLeadership U.S. Large-Cap ETF	7.91%
NRSH Aztlan North America Nearshoring Stock Selection ETF	25.51%

Correlation

The correlation between EXEQ and NRSH is 0.58, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 13, 2026	0.58

Return for Risk

EXEQ vs. NRSH — Risk / Return Rank

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

EXEQ

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

NRSH

NRSH Risk / Return Rank: 73
NRSH Sharpe Ratio Rank: 68
NRSH Sortino Ratio Rank: 65
NRSH Omega Ratio Rank: 61
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.

EXEQ vs. NRSH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Wedbush ReturnOnLeadership U.S. Large-Cap ETF (EXEQ) 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.

	EXEQ	NRSH	Difference
Sharpe ratio: Return per unit of total volatility	—	1.55	—
Sortino ratio: Return per unit of downside risk	—	2.14	—
Omega ratio: Gain probability vs. loss probability	—	1.26	—
Calmar ratio: Return relative to maximum drawdown	—	3.83	—
Martin ratio: Return relative to average drawdown	—	10.98	—

Drawdowns

EXEQ vs. NRSH - Drawdown Comparison

The maximum EXEQ drawdown since its inception was -8.92%, smaller than the maximum NRSH drawdown of -24.01%. Use the drawdown chart below to compare losses from any high point for EXEQ and NRSH.

Drawdown Indicators

	EXEQ	NRSH	Difference
Max Drawdown Largest peak-to-trough decline	-8.92%	-24.01%	+15.09%
Max Drawdown (1Y) Largest decline over 1 year	—	-10.94%	—
Current Drawdown Current decline from peak	-2.03%	-9.13%	+7.10%
Average Drawdown Average peak-to-trough decline	-1.83%	-5.54%	+3.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.86%	—

Volatility

Volatility by Period

	EXEQ	NRSH	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	8.15%	—
Volatility (6M) Calculated over the trailing 6-month period	—	22.51%	—
Volatility (1Y) Calculated over the trailing 1-year period	14.71%	27.03%	-12.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.71%	22.28%	-7.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.71%	22.28%	-7.57%

EXEQ vs. NRSH - Expense Ratio Comparison

Both EXEQ and NRSH have an expense ratio of 0.75%.

Dividends

EXEQ vs. NRSH - Dividend Comparison

EXEQ's dividend yield for the trailing twelve months is around 0.09%, less than NRSH's 0.31% yield.

Position	TTM	2025	2024	2023
EXEQ Wedbush ReturnOnLeadership U.S. Large-Cap ETF	0.09%	0.00%	0.00%	0.00%
NRSH Aztlan North America Nearshoring Stock Selection ETF	0.31%	0.42%	0.90%	0.17%

Frequently Asked Questions

Can I hold both EXEQ and NRSH in my portfolio?

EXEQ and NRSH have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EXEQ or NRSH?

Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EXEQ or NRSH?

EXEQ and NRSH have the same expense ratio: 0.75% per year.

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

NRSH has the higher dividend yield at 0.31%, compared with 0.09% for EXEQ.

What is the main difference between EXEQ and NRSH?

EXEQ tracks Solactive Indiggo ReturnOnLeadership U.S. Large-Cap Index, while NRSH tracks Aztlan North America Nearshoring Price Return Index - Benchmark Price Return. They also come from different issuers: Wedbush and Aztlan.