NRSH vs. FTIF

Last updated Apr 2, 2026

Compare and contrast key facts about Aztlan North America Nearshoring Stock Selection ETF (NRSH) and First Trust Bloomberg Inflation Sensitive Equity ETF (FTIF).

NRSH and FTIF 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. FTIF is a passively managed fund by First Trust that tracks the performance of the Bloomberg Inflation Sensitive Equity Index - Benchmark TR Gross. It was launched on Mar 13, 2023. Both NRSH and FTIF are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

NRSH vs. FTIF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Aztlan North America Nearshoring Stock Selection ETF (NRSH) and First Trust Bloomberg Inflation Sensitive Equity ETF (FTIF). The values are adjusted to include any dividend payments, if applicable.

NRSH vs. FTIF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
NRSH Aztlan North America Nearshoring Stock Selection ETF	8.58%	12.95%	-6.17%	8.65%
FTIF First Trust Bloomberg Inflation Sensitive Equity ETF	19.07%	7.79%	0.50%	5.05%

Returns By Period

In the year-to-date period, NRSH achieves a 8.58% return, which is significantly lower than FTIF's 19.07% return.

NRSH

• 1D: 2.72%
• 1M: -1.76%
• YTD: 8.58%
• 6M: 8.25%
• 1Y: 24.75%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FTIF

• 1D: -0.46%
• 1M: -0.17%
• YTD: 19.07%
• 6M: 22.37%
• 1Y: 31.23%
• 3Y*: 12.57%
• 5Y*: —
• 10Y*: —

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

NRSH vs. FTIF - Expense Ratio Comparison

NRSH has a 0.75% expense ratio, which is higher than FTIF's 0.60% expense ratio.

NRSH

Aztlan North America Nearshoring Stock Selection ETF

FTIF

First Trust Bloomberg Inflation Sensitive Equity ETF

Return for Risk

NRSH vs. FTIF — Risk / Return Rank

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

NRSH

NRSH Risk / Return Rank: 58
NRSH Sharpe Ratio Rank: 53
NRSH Sortino Ratio Rank: 54
NRSH Omega Ratio Rank: 45
NRSH Calmar Ratio Rank: 75
NRSH Martin Ratio Rank: 61

FTIF

FTIF Risk / Return Rank: 72
FTIF Sharpe Ratio Rank: 72
FTIF Sortino Ratio Rank: 72
FTIF Omega Ratio Rank: 75
FTIF Calmar Ratio Rank: 64
FTIF Martin Ratio Rank: 76

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. FTIF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Aztlan North America Nearshoring Stock Selection ETF (NRSH) and First Trust Bloomberg Inflation Sensitive Equity ETF (FTIF). 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	FTIF	Difference
Sharpe ratio Return per unit of total volatility	1.00	1.37	-0.36
Sortino ratio Return per unit of downside risk	1.50	1.93	-0.43
Omega ratio Gain probability vs. loss probability	1.19	1.30	-0.11
Calmar ratio Return relative to maximum drawdown	2.21	1.85	+0.37
Martin ratio Return relative to average drawdown	6.77	9.09	-2.32
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NRSH vs. FTIF - Sharpe Ratio Comparison

The current NRSH Sharpe Ratio is 1.00, which is comparable to the FTIF Sharpe Ratio of 1.37. The chart below compares the historical Sharpe Ratios of NRSH and FTIF, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	NRSH	FTIF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.00	1.37	-0.36
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	0.68	-0.19

Correlation

The correlation between NRSH and FTIF is 0.70, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

NRSH vs. FTIF - Dividend Comparison

NRSH's dividend yield for the trailing twelve months is around 0.38%, less than FTIF's 1.17% yield.

	TTM	2025	2024	2023
NRSH Aztlan North America Nearshoring Stock Selection ETF	0.38%	0.42%	0.90%	0.17%
FTIF First Trust Bloomberg Inflation Sensitive Equity ETF	1.17%	1.45%	2.88%	1.55%

Drawdowns

NRSH vs. FTIF - Drawdown Comparison

The maximum NRSH drawdown since its inception was -24.01%, smaller than the maximum FTIF drawdown of -27.83%. Use the drawdown chart below to compare losses from any high point for NRSH and FTIF.

Drawdown Indicators

	NRSH	FTIF	Difference
Max Drawdown Largest peak-to-trough decline	-24.01%	-27.83%	+3.82%
Max Drawdown (1Y) Largest decline over 1 year	-11.50%	-17.27%	+5.77%
Current Drawdown Current decline from peak	-3.20%	-1.03%	-2.17%
Average Drawdown Average peak-to-trough decline	-5.94%	-6.28%	+0.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.76%	3.51%	+0.25%

Volatility

NRSH vs. FTIF - Volatility Comparison

Aztlan North America Nearshoring Stock Selection ETF (NRSH) has a higher volatility of 10.78% compared to First Trust Bloomberg Inflation Sensitive Equity ETF (FTIF) at 3.87%. This indicates that NRSH's price experiences larger fluctuations and is considered to be riskier than FTIF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NRSH	FTIF	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.78%	3.87%	+6.91%
Volatility (6M) Calculated over the trailing 6-month period	18.81%	11.65%	+7.16%
Volatility (1Y) Calculated over the trailing 1-year period	24.79%	22.97%	+1.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.81%	19.27%	+1.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.81%	19.27%	+1.54%