NANC vs. KRUZ

Last updated Jun 23, 2026

NANC (Unusual Whales Subversive Democratic Trading ETF) and KRUZ (Unusual Whales Subversive Republican Trading ETF) are both Large Cap Blend Equities funds from Subversive. Both are actively managed. A 0.62 correlation means they provide meaningful diversification when combined. NANC charges 0.72%/yr vs 0.83%/yr for KRUZ.

Performance

NANC vs. KRUZ - Performance Comparison

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

Returns By Period

NANC

• 1D: -0.46%
• 1M: 1.61%
• YTD: 8.92%
• 6M: 8.48%
• 1Y: 24.50%
• 3Y*: 22.72%
• 5Y*: —
• 10Y*: —

KRUZ

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NANC vs. KRUZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
NANC Unusual Whales Subversive Democratic Trading ETF	8.92%	18.54%	26.83%	22.81%
KRUZ Unusual Whales Subversive Republican Trading ETF	0.00%	-1.31%	14.45%	11.39%

Correlation

The correlation between NANC and KRUZ is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.59
Correlation (All Time) Calculated using the full available price history since Feb 7, 2023	0.62

The correlation between NANC and KRUZ has been stable across timeframes, ranging from 0.59 to 0.62 - a consistent structural relationship.

NANC vs. KRUZ - Sectors Allocation Comparison

Sectors	NANC	KRUZ
Technology	45.0%	24.2%
Communication Services	13.9%	6.0%
Healthcare	9.3%	7.4%
Consumer Cyclical	8.7%	6.1%
Financial Services	8.2%	16.3%
Consumer Defensive	7.2%	6.2%
Industrials	5.1%	14.0%
Basic Materials	1.9%	4.6%
Utilities	0.6%	1.8%
Energy	-	11.8%
Real Estate	-	1.6%

Return for Risk

NANC vs. KRUZ — Risk / Return Rank

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

NANC

NANC Risk / Return Rank: 48
NANC Sharpe Ratio Rank: 52
NANC Sortino Ratio Rank: 50
NANC Omega Ratio Rank: 50
NANC Calmar Ratio Rank: 42
NANC Martin Ratio Rank: 49

KRUZ

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

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.

NANC vs. KRUZ - Risk-Adjusted Trends Comparison

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

	NANC	KRUZ	Difference
Sharpe ratio: Return per unit of total volatility	1.72	—	—
Sortino ratio: Return per unit of downside risk	2.37	—	—
Omega ratio: Gain probability vs. loss probability	1.31	—	—
Calmar ratio: Return relative to maximum drawdown	2.01	—	—
Martin ratio: Return relative to average drawdown	8.16	—	—

Drawdowns

Drawdown Indicators

	NANC	KRUZ	Difference
Max Drawdown Largest peak-to-trough decline	-20.94%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-12.21%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-20.94%	—	—
Current Drawdown Current decline from peak	-1.85%	—	—
Average Drawdown Average peak-to-trough decline	-2.66%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	3.01%	—	—

Volatility

Volatility by Period

	NANC	KRUZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.65%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.42%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	14.37%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.86%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.86%	—	—

NANC vs. KRUZ - Expense Ratio Comparison

NANC has a 0.72% expense ratio, which is lower than KRUZ's 0.83% expense ratio.

Dividends

NANC vs. KRUZ - Dividend Comparison

NANC's dividend yield for the trailing twelve months is around 0.19%, while KRUZ has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
KRUZ Unusual Whales Subversive Republican Trading ETF	0.00%	0.00%	0.57%	1.01%
NANC Unusual Whales Subversive Democratic Trading ETF	0.19%	0.21%	0.20%	0.94%

Frequently Asked Questions

Can I hold both NANC and KRUZ in my portfolio?

NANC and KRUZ have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NANC or KRUZ?

On fees, NANC is cheaper at 0.72% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NANC or KRUZ?

NANC is cheaper with a 0.72% expense ratio, compared with 0.83% for KRUZ.

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

NANC has the higher dividend yield at 0.19%, compared with 0.00% for KRUZ.

What is the main difference between NANC and KRUZ?

Their fees differ too: 0.72% for NANC and 0.83% for KRUZ.