Correlation
The correlation between NRSH and AIRR is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
NRSH vs. AIRR
Compare and contrast key facts about Aztlan North America Nearshoring Stock Selection ETF (NRSH) and First Trust RBA American Industrial Renaissance ETF (AIRR).
NRSH and AIRR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NRSH is a passively managed fund by Aztlan that tracks the performance of the Aztlan North America Nearshoring Price Return Index - Benchmark Price Return. It was launched on Nov 29, 2023. AIRR is a passively managed fund by First Trust that tracks the performance of the Richard Bernstein Advisors American Industrial Renaissance (TR). It was launched on Mar 10, 2014. Both NRSH and AIRR are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NRSH or AIRR.
Performance
NRSH vs. AIRR - Performance Comparison
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Key characteristics
NRSH:
0.38
AIRR:
0.23
NRSH:
0.60
AIRR:
0.47
NRSH:
1.07
AIRR:
1.06
NRSH:
0.25
AIRR:
0.19
NRSH:
0.66
AIRR:
0.49
NRSH:
9.01%
AIRR:
10.64%
NRSH:
20.57%
AIRR:
29.10%
NRSH:
-24.01%
AIRR:
-42.37%
NRSH:
-9.33%
AIRR:
-10.65%
Returns By Period
In the year-to-date period, NRSH achieves a 4.72% return, which is significantly higher than AIRR's -0.22% return.
NRSH
4.72%
8.07%
-7.47%
7.66%
N/A
N/A
N/A
AIRR
-0.22%
9.75%
-9.53%
6.65%
23.87%
27.22%
15.72%
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NRSH vs. AIRR - Expense Ratio Comparison
NRSH has a 0.75% expense ratio, which is higher than AIRR's 0.70% expense ratio.
Risk-Adjusted Performance
NRSH vs. AIRR — Risk-Adjusted Performance Rank
NRSH
AIRR
NRSH vs. AIRR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Aztlan North America Nearshoring Stock Selection ETF (NRSH) and First Trust RBA American Industrial Renaissance ETF (AIRR). 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.
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Dividends
NRSH vs. AIRR - Dividend Comparison
NRSH's dividend yield for the trailing twelve months is around 0.86%, more than AIRR's 0.27% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NRSH Aztlan North America Nearshoring Stock Selection ETF | 0.86% | 0.90% | 0.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
AIRR First Trust RBA American Industrial Renaissance ETF | 0.27% | 0.18% | 0.23% | 0.12% | 0.05% | 0.10% | 0.20% | 0.43% | 0.30% | 0.08% | 0.47% | 0.37% |
Drawdowns
NRSH vs. AIRR - Drawdown Comparison
The maximum NRSH drawdown since its inception was -24.01%, smaller than the maximum AIRR drawdown of -42.37%. Use the drawdown chart below to compare losses from any high point for NRSH and AIRR.
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Volatility
NRSH vs. AIRR - Volatility Comparison
The current volatility for Aztlan North America Nearshoring Stock Selection ETF (NRSH) is 5.53%, while First Trust RBA American Industrial Renaissance ETF (AIRR) has a volatility of 7.18%. This indicates that NRSH experiences smaller price fluctuations and is considered to be less risky than AIRR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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