GURU vs. NRSH

Last updated Jun 4, 2026

GURU (Global X Guru Index ETF) and NRSH (Aztlan North America Nearshoring Stock Selection ETF) are both Large Cap Blend Equities funds - GURU tracks the Solactive Guru Index while NRSH tracks the Aztlan North America Nearshoring Price Return Index - Benchmark Price Return. Both are passively managed. Over the past year, GURU returned 27.98% vs 58.80% for NRSH. A 0.69 correlation means they provide meaningful diversification when combined. Both charge a 0.75% expense ratio.

Performance

GURU vs. NRSH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Guru Index ETF (GURU) 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, GURU achieves a 7.06% return, which is significantly lower than NRSH's 47.92% return.

GURU

• 1D: -0.12%
• 1M: 3.20%
• YTD: 7.06%
• 6M: 6.09%
• 1Y: 27.98%
• 3Y*: 23.93%
• 5Y*: 7.41%
• 10Y*: 12.16%

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)

GURU vs. NRSH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
GURU Global X Guru Index ETF	7.06%	25.43%	23.76%	8.73%
NRSH Aztlan North America Nearshoring Stock Selection ETF	47.92%	12.95%	-6.17%	8.65%

Correlation

The correlation between GURU and NRSH is 0.70, 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	0.70
Correlation (All Time) Calculated using the full available price history since Dec 1, 2023	0.69

The correlation between GURU and NRSH has been stable across timeframes, ranging from 0.69 to 0.70 - a consistent structural relationship.

GURU vs. NRSH - Sectors Allocation Comparison

Sectors	GURU	NRSH
Technology	25.2%	35.5%
Healthcare	23.5%	-
Consumer Cyclical	11.0%	-
Industrials	10.6%	58.7%
Financial Services	9.4%	-
Utilities	5.4%	-
Communication Services	5.3%	-
Energy	4.3%	2.5%
Basic Materials	2.1%	-
Consumer Defensive	1.9%	-
Real Estate	1.2%	5.8%

Return for Risk

GURU vs. NRSH — Risk / Return Rank

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

GURU

GURU Risk / Return Rank: 52
GURU Sharpe Ratio Rank: 53
GURU Sortino Ratio Rank: 52
GURU Omega Ratio Rank: 50
GURU Calmar Ratio Rank: 51
GURU Martin Ratio Rank: 54

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.

GURU vs. NRSH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Guru Index ETF (GURU) 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.

	GURU	NRSH	Difference
Sharpe ratio: Return per unit of total volatility	1.81	2.42	-0.61
Sortino ratio: Return per unit of downside risk	2.57	3.11	-0.54
Omega ratio: Gain probability vs. loss probability	1.31	1.40	-0.08
Calmar ratio: Return relative to maximum drawdown	2.50	5.40	-2.90
Martin ratio: Return relative to average drawdown	9.12	16.86	-7.73
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GURU vs. NRSH - Sharpe Ratio Comparison

The current GURU Sharpe Ratio is 1.81, which is comparable to the NRSH Sharpe Ratio of 2.42. The chart below compares the historical Sharpe Ratios of GURU 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

	GURU	NRSH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.81	2.42	-0.61
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.36	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.61	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.64	1.11	-0.47

Drawdowns

GURU vs. NRSH - Drawdown Comparison

The maximum GURU drawdown since its inception was -38.50%, which is greater than NRSH's maximum drawdown of -24.01%. Use the drawdown chart below to compare losses from any high point for GURU and NRSH.

Drawdown Indicators

	GURU	NRSH	Difference
Max Drawdown Largest peak-to-trough decline	-38.50%	-24.01%	-14.49%
Max Drawdown (1Y) Largest decline over 1 year	-11.22%	-10.94%	-0.28%
Max Drawdown (3Y) Largest decline over 3 years	-20.73%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-38.50%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-38.50%	—	—
Current Drawdown Current decline from peak	-1.06%	0.00%	-1.06%
Average Drawdown Average peak-to-trough decline	-8.67%	-5.62%	-3.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.07%	3.50%	-0.43%

Volatility

GURU vs. NRSH - Volatility Comparison

The current volatility for Global X Guru Index ETF (GURU) is 4.33%, while Aztlan North America Nearshoring Stock Selection ETF (NRSH) has a volatility of 9.21%. This indicates that GURU 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

	GURU	NRSH	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.33%	9.21%	-4.88%
Volatility (6M) Calculated over the trailing 6-month period	12.20%	20.27%	-8.07%
Volatility (1Y) Calculated over the trailing 1-year period	15.56%	24.44%	-8.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.43%	21.54%	-1.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.16%	21.54%	-1.38%

GURU vs. NRSH - Expense Ratio Comparison

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

Dividends

GURU vs. NRSH - Dividend Comparison

GURU's dividend yield for the trailing twelve months is around 0.11%, less than NRSH's 0.28% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GURU Global X Guru Index ETF	0.11%	0.11%	0.17%	0.57%	0.22%	0.09%	2.75%	0.35%	0.54%	0.54%	0.22%	0.47%
NRSH Aztlan North America Nearshoring Stock Selection ETF	0.28%	0.42%	0.90%	0.17%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GURU and NRSH in my portfolio?

GURU and NRSH have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GURU or NRSH?

NRSH has higher volatility (9.21%) compared to GURU (4.33%). In terms of maximum drawdown, GURU dropped -38.50% vs NRSH's -24.01%.

Which ETF is better, GURU or NRSH?

On 1-year performance, NRSH leads with 58.80% vs 27.98% for GURU. Both ETFs have the same 0.75% expense ratio. On volatility, GURU has been the lower-risk option at 4.33%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GURU or NRSH?

Over the 1-year period, NRSH has performed better with a 58.80% return vs 27.98%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GURU or NRSH?

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

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

NRSH has the higher dividend yield at 0.28%, compared with 0.11% for GURU.

What is the main difference between GURU and NRSH?

GURU tracks Solactive Guru Index, while NRSH tracks Aztlan North America Nearshoring Price Return Index - Benchmark Price Return. They also come from different issuers: Global X and Aztlan.

Which has better risk-adjusted returns?

NRSH currently has the higher Sharpe Ratio (2.42 vs 1.81), 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.