KRUZ vs. NRSH

Last updated Jun 5, 2026

KRUZ (Unusual Whales Subversive Republican Trading ETF) and NRSH (Aztlan North America Nearshoring Stock Selection ETF) are both Large Cap Blend Equities funds. KRUZ is actively managed, while NRSH is passively managed. At a 0.43 correlation, their price movements are largely independent. KRUZ charges 0.83%/yr vs 0.75%/yr for NRSH.

Performance

KRUZ vs. NRSH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Unusual Whales Subversive Republican Trading ETF (KRUZ) and Aztlan North America Nearshoring Stock Selection ETF (NRSH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

KRUZ

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 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)

KRUZ vs. NRSH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
KRUZ Unusual Whales Subversive Republican Trading ETF	0.00%	-1.31%	14.45%	6.27%
NRSH Aztlan North America Nearshoring Stock Selection ETF	46.91%	12.95%	-6.17%	8.65%

Correlation

The correlation between KRUZ and NRSH is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 1, 2023	0.43

KRUZ vs. NRSH - Sectors Allocation Comparison

Sectors	KRUZ	NRSH
Technology	24.2%	35.5%
Financial Services	16.3%	-
Industrials	14.0%	58.7%
Energy	11.8%	2.5%
Healthcare	7.4%	-
Consumer Defensive	6.2%	-
Consumer Cyclical	6.1%	-
Communication Services	6.0%	-
Basic Materials	4.6%	-
Utilities	1.8%	-
Real Estate	1.6%	5.8%

Return for Risk

KRUZ 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: 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.

KRUZ vs. NRSH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Unusual Whales Subversive Republican Trading ETF (KRUZ) 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

	KRUZ	NRSH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.40	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	1.09	—

Drawdowns

Drawdown Indicators

	KRUZ	NRSH	Difference
Max Drawdown Largest peak-to-trough decline	—	-24.01%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-10.94%	—
Current Drawdown Current decline from peak	—	-0.68%	—
Average Drawdown Average peak-to-trough decline	—	-5.61%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.50%	—

Volatility

Volatility by Period

	KRUZ	NRSH	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	8.57%	—
Volatility (6M) Calculated over the trailing 6-month period	—	20.30%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	24.44%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	21.53%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	21.53%	—

KRUZ vs. NRSH - Expense Ratio Comparison

KRUZ has a 0.83% expense ratio, which is higher than NRSH's 0.75% expense ratio.

Dividends

KRUZ vs. NRSH - Dividend Comparison

KRUZ has not paid dividends to shareholders, while NRSH's dividend yield for the trailing twelve months is around 0.28%.

Position	TTM	2025	2024	2023
KRUZ Unusual Whales Subversive Republican Trading ETF	0.00%	0.00%	0.57%	1.01%
NRSH Aztlan North America Nearshoring Stock Selection ETF	0.28%	0.42%	0.90%	0.17%

Frequently Asked Questions

Can I hold both KRUZ and NRSH in my portfolio?

KRUZ and NRSH have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, KRUZ or NRSH?

On fees, NRSH is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, KRUZ or NRSH?

NRSH is cheaper with a 0.75% expense ratio, compared with 0.83% for KRUZ.

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

NRSH has the higher dividend yield at 0.28%, compared with 0.00% for KRUZ.

What is the main difference between KRUZ and NRSH?

They also come from different issuers: Subversive and Aztlan. Their fees differ too: 0.83% for KRUZ and 0.75% for NRSH.