NRSH vs. DBE
NRSH (Aztlan North America Nearshoring Stock Selection ETF) and DBE (Invesco DB Energy Fund) 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 DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. Both are passively managed. Over the past year, NRSH returned 58.80% vs 84.41% for DBE. At a correlation of -0.07, they often move in opposite directions. NRSH charges 0.75%/yr vs 0.78%/yr for DBE.
Performance
NRSH vs. DBE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, NRSH achieves a 47.92% return, which is significantly lower than DBE's 83.68% return.
NRSH
- 1D
- 0.51%
- 1M
- 13.93%
- YTD
- 47.92%
- 6M
- 46.01%
- 1Y
- 58.80%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DBE
- 1D
- 2.33%
- 1M
- -5.45%
- YTD
- 83.68%
- 6M
- 74.95%
- 1Y
- 84.41%
- 3Y*
- 23.42%
- 5Y*
- 19.66%
- 10Y*
- 12.03%
NRSH vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NRSH Aztlan North America Nearshoring Stock Selection ETF | 47.92% | 12.95% | -6.17% | 8.65% |
DBE Invesco DB Energy Fund | 83.68% | -2.17% | 2.96% | -5.70% |
Correlation
The correlation between NRSH and DBE is -0.27, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.27 |
Correlation (All Time) Calculated using the full available price history since Dec 1, 2023 | -0.07 |
Over the past year, the inverse relationship between NRSH and DBE has strengthened: their correlation has moved from -0.07 to -0.27, meaning they now move in opposite directions more often than their long-term average.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
NRSH vs. DBE — Risk / Return Rank
NRSH
DBE
NRSH vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Aztlan North America Nearshoring Stock Selection ETF (NRSH) and Invesco DB Energy Fund (DBE). 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.
| NRSH | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.40 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 5.40 | 5.89 | -0.49 |
| Martin ratioReturn relative to average drawdown | 16.86 | 11.53 | +5.33 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| NRSH | DBE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.42 | 2.43 | -0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.67 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.43 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.11 | 0.09 | +1.01 |
Drawdowns
NRSH vs. DBE - Drawdown Comparison
The maximum NRSH drawdown since its inception was -24.01%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for NRSH and DBE.
Loading charts...
Drawdown Indicators
| NRSH | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.01% | -86.69% | +62.68% |
Max Drawdown (1Y)Largest decline over 1 year | -10.94% | -14.41% | +3.47% |
Max Drawdown (3Y)Largest decline over 3 years | — | -23.89% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -38.74% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -60.84% | — |
Current DrawdownCurrent decline from peak | 0.00% | -30.27% | +30.27% |
Average DrawdownAverage peak-to-trough decline | -5.62% | -57.31% | +51.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.50% | 7.35% | -3.85% |
Volatility
NRSH vs. DBE - Volatility Comparison
The current volatility for Aztlan North America Nearshoring Stock Selection ETF (NRSH) is 9.21%, while Invesco DB Energy Fund (DBE) has a volatility of 12.95%. This indicates that NRSH experiences smaller price fluctuations and is considered to be less risky than DBE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| NRSH | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.21% | 12.95% | -3.74% |
Volatility (6M)Calculated over the trailing 6-month period | 20.27% | 30.86% | -10.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.44% | 34.97% | -10.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.54% | 29.39% | -7.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.54% | 28.33% | -6.79% |
NRSH vs. DBE - Expense Ratio Comparison
NRSH has a 0.75% expense ratio, which is lower than DBE's 0.78% expense ratio.
Dividends
NRSH vs. DBE - Dividend Comparison
NRSH's dividend yield for the trailing twelve months is around 0.28%, less than DBE's 2.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DBE Invesco DB Energy Fund | 2.10% | 3.86% | 6.32% | 3.87% | 0.75% | 0.00% | 0.00% | 1.79% | 1.67% |
NRSH Aztlan North America Nearshoring Stock Selection ETF | 0.28% | 0.42% | 0.90% | 0.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NRSH and DBE have a correlation of -0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBE has higher volatility (12.95%) compared to NRSH (9.21%). In terms of maximum drawdown, NRSH dropped -24.01% vs DBE's -86.69%.
On 1-year performance, DBE leads with 84.41% vs 58.80% for NRSH. On fees, NRSH is cheaper at 0.75% per year. On volatility, NRSH has been the lower-risk option at 9.21%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, DBE has performed better with a 84.41% return vs 58.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NRSH is cheaper with a 0.75% expense ratio, compared with 0.78% for DBE.
DBE has the higher dividend yield at 2.10%, compared with 0.28% for NRSH.
NRSH is categorized as Large Cap Blend Equities, while DBE is Oil & Gas. NRSH tracks Aztlan North America Nearshoring Price Return Index - Benchmark Price Return, while DBE tracks DBIQ Optimum Yield Energy Index. They also come from different issuers: Aztlan and Invesco. Their fees differ too: 0.75% for NRSH and 0.78% for DBE.
DBE currently has the higher Sharpe Ratio (2.43 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.
Find the right allocation for NRSH and DBE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer