LQAI vs. NRSH

Last updated Jun 4, 2026

LQAI (LG QRAFT AI-Powered U.S. Large Cap Core ETF) and NRSH (Aztlan North America Nearshoring Stock Selection ETF) are both Large Cap Blend Equities funds. LQAI is actively managed, while NRSH is passively managed. Over the past year, LQAI returned 42.11% vs 58.80% for NRSH. A 0.64 correlation means they provide meaningful diversification when combined. Both charge a 0.75% expense ratio.

Performance

LQAI vs. NRSH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in LG QRAFT AI-Powered U.S. Large Cap Core ETF (LQAI) 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, LQAI achieves a 22.12% return, which is significantly lower than NRSH's 47.92% return.

LQAI

• 1D: -0.09%
• 1M: 10.98%
• YTD: 22.12%
• 6M: 21.53%
• 1Y: 42.11%
• 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)

LQAI vs. NRSH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
LQAI LG QRAFT AI-Powered U.S. Large Cap Core ETF	22.12%	13.70%	27.82%	4.60%
NRSH Aztlan North America Nearshoring Stock Selection ETF	47.92%	12.95%	-6.17%	8.65%

Correlation

The correlation between LQAI and NRSH is 0.72, 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	0.72
Correlation (All Time) Calculated using the full available price history since Dec 1, 2023	0.64

The correlation between LQAI and NRSH has been stable across timeframes, ranging from 0.64 to 0.72 - a consistent structural relationship.

LQAI vs. NRSH - Sectors Allocation Comparison

Sectors	LQAI	NRSH
Technology	40.4%	35.5%
Consumer Cyclical	14.7%	-
Communication Services	9.8%	-
Financial Services	8.7%	-
Consumer Defensive	8.5%	-
Energy	6.6%	2.5%
Utilities	4.4%	-
Healthcare	4.1%	-
Real Estate	1.6%	5.8%
Industrials	1.1%	58.7%
Basic Materials	0.1%	-

Return for Risk

LQAI vs. NRSH — Risk / Return Rank

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

LQAI

LQAI Risk / Return Rank: 78
LQAI Sharpe Ratio Rank: 83
LQAI Sortino Ratio Rank: 78
LQAI Omega Ratio Rank: 81
LQAI Calmar Ratio Rank: 81
LQAI Martin Ratio Rank: 66

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.

LQAI vs. NRSH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for LG QRAFT AI-Powered U.S. Large Cap Core ETF (LQAI) 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.

	LQAI	NRSH	Difference
Sharpe ratio: Return per unit of total volatility	2.74	2.42	+0.32
Sortino ratio: Return per unit of downside risk	3.49	3.11	+0.39
Omega ratio: Gain probability vs. loss probability	1.49	1.40	+0.09
Calmar ratio: Return relative to maximum drawdown	4.23	5.40	-1.17
Martin ratio: Return relative to average drawdown	12.18	16.86	-4.68
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LQAI vs. NRSH - Sharpe Ratio Comparison

The current LQAI Sharpe Ratio is 2.74, which is comparable to the NRSH Sharpe Ratio of 2.42. The chart below compares the historical Sharpe Ratios of LQAI 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

	LQAI	NRSH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.74	2.42	+0.32
Sharpe Ratio (All Time) Calculated using the full available price history	1.74	1.11	+0.63

Drawdowns

LQAI vs. NRSH - Drawdown Comparison

The maximum LQAI drawdown since its inception was -21.24%, smaller than the maximum NRSH drawdown of -24.01%. Use the drawdown chart below to compare losses from any high point for LQAI and NRSH.

Drawdown Indicators

	LQAI	NRSH	Difference
Max Drawdown Largest peak-to-trough decline	-21.24%	-24.01%	+2.77%
Max Drawdown (1Y) Largest decline over 1 year	-10.00%	-10.94%	+0.94%
Current Drawdown Current decline from peak	-0.22%	0.00%	-0.22%
Average Drawdown Average peak-to-trough decline	-3.06%	-5.62%	+2.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.47%	3.50%	-0.03%

Volatility

LQAI vs. NRSH - Volatility Comparison

The current volatility for LG QRAFT AI-Powered U.S. Large Cap Core ETF (LQAI) is 5.29%, while Aztlan North America Nearshoring Stock Selection ETF (NRSH) has a volatility of 9.21%. This indicates that LQAI 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

	LQAI	NRSH	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.29%	9.21%	-3.92%
Volatility (6M) Calculated over the trailing 6-month period	10.93%	20.27%	-9.34%
Volatility (1Y) Calculated over the trailing 1-year period	15.43%	24.44%	-9.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.98%	21.54%	-4.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.98%	21.54%	-4.56%

LQAI vs. NRSH - Expense Ratio Comparison

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

Dividends

LQAI vs. NRSH - Dividend Comparison

LQAI's dividend yield for the trailing twelve months is around 0.89%, more than NRSH's 0.28% yield.

Position	TTM	2025	2024	2023
LQAI LG QRAFT AI-Powered U.S. Large Cap Core ETF	0.89%	1.14%	0.69%	0.16%
NRSH Aztlan North America Nearshoring Stock Selection ETF	0.28%	0.42%	0.90%	0.17%

Frequently Asked Questions

Can I hold both LQAI and NRSH in my portfolio?

LQAI and NRSH have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LQAI or NRSH?

NRSH has higher volatility (9.21%) compared to LQAI (5.29%). In terms of maximum drawdown, LQAI dropped -21.24% vs NRSH's -24.01%.

Which ETF is better, LQAI or NRSH?

On 1-year performance, NRSH leads with 58.80% vs 42.11% for LQAI. Both ETFs have the same 0.75% expense ratio. On volatility, LQAI has been the lower-risk option at 5.29%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LQAI or NRSH?

Over the 1-year period, NRSH has performed better with a 58.80% return vs 42.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LQAI or NRSH?

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

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

LQAI has the higher dividend yield at 0.89%, compared with 0.28% for NRSH.

What is the main difference between LQAI and NRSH?

They also come from different issuers: QRAFT and Aztlan.

Which has better risk-adjusted returns?

LQAI currently has the higher Sharpe Ratio (2.74 vs 2.42), 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.