NRSH vs. BAMU

Last updated Jun 23, 2026

NRSH (Aztlan North America Nearshoring Stock Selection ETF) and BAMU (Brookstone Ultra-Short Bond ETF) are both exchange-traded funds - NRSH is a Large Cap Blend Equities fund tracking the Aztlan North America Nearshoring Price Return Index - Benchmark Price Return, while BAMU is a Ultrashort Bond fund actively managed by Brookstone. NRSH is passively managed, while BAMU is actively managed. Over the past year, NRSH returned 59.62% vs 2.91% for BAMU. At a correlation of -0.05, they often move in opposite directions. NRSH charges 0.75%/yr vs 1.09%/yr for BAMU.

Performance

NRSH vs. BAMU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Aztlan North America Nearshoring Stock Selection ETF (NRSH) and Brookstone Ultra-Short Bond ETF (BAMU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NRSH achieves a 48.32% return, which is significantly higher than BAMU's 1.18% return.

NRSH

• 1D: 1.71%
• 1M: 9.60%
• YTD: 48.32%
• 6M: 44.73%
• 1Y: 59.62%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BAMU

• 1D: 0.02%
• 1M: 0.16%
• YTD: 1.18%
• 6M: 1.23%
• 1Y: 2.91%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NRSH vs. BAMU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
NRSH Aztlan North America Nearshoring Stock Selection ETF	48.32%	12.95%	-6.17%	9.15%
BAMU Brookstone Ultra-Short Bond ETF	1.18%	3.21%	4.14%	0.40%

Correlation

The correlation between NRSH and BAMU is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.07
Correlation (All Time) Calculated using the full available price history since Nov 30, 2023	-0.05

Return for Risk

NRSH vs. BAMU — Risk / Return Rank

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

NRSH

NRSH Risk / Return Rank: 76
NRSH Sharpe Ratio Rank: 76
NRSH Sortino Ratio Rank: 67
NRSH Omega Ratio Rank: 65
NRSH Calmar Ratio Rank: 91
NRSH Martin Ratio Rank: 84

BAMU

BAMU Risk / Return Rank: 98
BAMU Sharpe Ratio Rank: 98
BAMU Sortino Ratio Rank: 98
BAMU Omega Ratio Rank: 98
BAMU Calmar Ratio Rank: 99
BAMU Martin Ratio Rank: 99

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.

NRSH vs. BAMU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Aztlan North America Nearshoring Stock Selection ETF (NRSH) and Brookstone Ultra-Short Bond ETF (BAMU). 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.

	NRSH	BAMU	Difference
Sharpe ratio: Return per unit of total volatility	2.32	5.01	-2.68
Sortino ratio: Return per unit of downside risk	2.97	8.84	-5.86
Omega ratio: Gain probability vs. loss probability	1.38	2.43	-1.05
Calmar ratio: Return relative to maximum drawdown	5.48	24.72	-19.24
Martin ratio: Return relative to average drawdown	16.66	97.90	-81.24

NRSH vs. BAMU - Sharpe Ratio Comparison

The current NRSH Sharpe Ratio is 2.32, which is lower than the BAMU Sharpe Ratio of 5.01. The chart below compares the historical Sharpe Ratios of NRSH and BAMU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

NRSH vs. BAMU - Drawdown Comparison

The maximum NRSH drawdown since its inception was -24.01%, which is greater than BAMU's maximum drawdown of -0.36%. Use the drawdown chart below to compare losses from any high point for NRSH and BAMU.

Drawdown Indicators

	NRSH	BAMU	Difference
Max Drawdown Largest peak-to-trough decline	-24.01%	-0.36%	-23.65%
Max Drawdown (1Y) Largest decline over 1 year	-10.94%	-0.12%	-10.82%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-5.56%	-0.02%	-5.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.59%	0.03%	+3.56%

Volatility

NRSH vs. BAMU - Volatility Comparison

Aztlan North America Nearshoring Stock Selection ETF (NRSH) has a higher volatility of 9.85% compared to Brookstone Ultra-Short Bond ETF (BAMU) at 0.09%. This indicates that NRSH's price experiences larger fluctuations and is considered to be riskier than BAMU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NRSH	BAMU	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.85%	0.09%	+9.76%
Volatility (6M) Calculated over the trailing 6-month period	21.51%	0.40%	+21.11%
Volatility (1Y) Calculated over the trailing 1-year period	25.85%	0.58%	+25.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.00%	0.87%	+21.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.00%	0.87%	+21.13%

NRSH vs. BAMU - Expense Ratio Comparison

NRSH has a 0.75% expense ratio, which is lower than BAMU's 1.09% expense ratio.

Dividends

NRSH vs. BAMU - Dividend Comparison

NRSH's dividend yield for the trailing twelve months is around 0.28%, less than BAMU's 3.05% yield.

Position	TTM	2025	2024	2023
BAMU Brookstone Ultra-Short Bond ETF	3.05%	3.20%	3.97%	0.84%
NRSH Aztlan North America Nearshoring Stock Selection ETF	0.28%	0.42%	0.90%	0.17%

Frequently Asked Questions

Can I hold both NRSH and BAMU in my portfolio?

NRSH and BAMU have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NRSH or BAMU?

NRSH has higher volatility (9.85%) compared to BAMU (0.09%). In terms of maximum drawdown, NRSH dropped -24.01% vs BAMU's -0.36%.

Which ETF is better, NRSH or BAMU?

On 1-year performance, NRSH leads with 59.62% vs 2.91% for BAMU. On fees, NRSH is cheaper at 0.75% per year. On volatility, BAMU has been the lower-risk option at 0.09%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NRSH or BAMU?

Over the 1-year period, NRSH has performed better with a 59.62% return vs 2.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NRSH or BAMU?

NRSH is cheaper with a 0.75% expense ratio, compared with 1.09% for BAMU.

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

BAMU has the higher dividend yield at 3.05%, compared with 0.28% for NRSH.

What is the main difference between NRSH and BAMU?

NRSH is categorized as Large Cap Blend Equities, while BAMU is Ultrashort Bond. They also come from different issuers: Aztlan and Brookstone. Their fees differ too: 0.75% for NRSH and 1.09% for BAMU.

Which has better risk-adjusted returns?

BAMU currently has the higher Sharpe Ratio (5.01 vs 2.32), 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.