NRSH vs. SPTM

Last updated Jun 4, 2026

NRSH (Aztlan North America Nearshoring Stock Selection ETF) and SPTM (SPDR Portfolio S&P 1500 Composite Stock Market ETF) are both Large Cap Blend Equities funds - NRSH tracks the Aztlan North America Nearshoring Price Return Index - Benchmark Price Return while SPTM tracks the S&P Composite 1500 Index. Both are passively managed. Over the past year, NRSH returned 58.80% vs 27.84% for SPTM. A 0.68 correlation means they provide meaningful diversification when combined. NRSH charges 0.75%/yr vs 0.03%/yr for SPTM.

Performance

NRSH vs. SPTM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Aztlan North America Nearshoring Stock Selection ETF (NRSH) and SPDR Portfolio S&P 1500 Composite Stock Market ETF (SPTM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NRSH achieves a 47.92% return, which is significantly higher than SPTM's 11.10% return.

NRSH

• 1D: 0.51%
• 1M: 13.93%
• YTD: 47.92%
• 6M: 46.01%
• 1Y: 58.80%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SPTM

• 1D: -0.67%
• 1M: 4.87%
• YTD: 11.10%
• 6M: 11.13%
• 1Y: 27.84%
• 3Y*: 21.90%
• 5Y*: 13.38%
• 10Y*: 15.21%

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

NRSH vs. SPTM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
NRSH Aztlan North America Nearshoring Stock Selection ETF	47.92%	12.95%	-6.17%	8.65%
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF	11.10%	16.93%	23.87%	5.06%

Correlation

The correlation between NRSH and SPTM is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.76
Correlation (All Time) Calculated using the full available price history since Dec 1, 2023	0.68

The correlation between NRSH and SPTM has been stable across timeframes, ranging from 0.68 to 0.76 - a consistent structural relationship.

NRSH vs. SPTM - Sectors Allocation Comparison

Sectors	NRSH	SPTM
Industrials	58.7%	9.4%
Technology	35.5%	34.0%
Real Estate	5.8%	2.3%
Energy	2.5%	3.7%
Basic Materials	-	2.0%
Communication Services	-	10.5%
Consumer Cyclical	-	10.3%
Consumer Defensive	-	4.8%
Financial Services	-	12.1%
Healthcare	-	8.6%
Utilities	-	2.3%

Return for Risk

NRSH vs. SPTM — 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: 74
NRSH Sortino Ratio Rank: 68
NRSH Omega Ratio Rank: 66
NRSH Calmar Ratio Rank: 89
NRSH Martin Ratio Rank: 83

SPTM

SPTM Risk / Return Rank: 70
SPTM Sharpe Ratio Rank: 70
SPTM Sortino Ratio Rank: 69
SPTM Omega Ratio Rank: 69
SPTM Calmar Ratio Rank: 64
SPTM 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. SPTM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Aztlan North America Nearshoring Stock Selection ETF (NRSH) and SPDR Portfolio S&P 1500 Composite Stock Market ETF (SPTM). 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	SPTM	Difference
Sharpe ratio Return per unit of total volatility	2.42	2.36	+0.06
Sortino ratio Return per unit of downside risk	3.11	3.23	-0.12
Omega ratio Gain probability vs. loss probability	1.40	1.43	-0.03
Calmar ratio Return relative to maximum drawdown	5.40	3.22	+2.18
Martin ratio Return relative to average drawdown	16.86	15.01	+1.84
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. SPTM - Sharpe Ratio Comparison

The current NRSH Sharpe Ratio is 2.42, which is comparable to the SPTM Sharpe Ratio of 2.36. The chart below compares the historical Sharpe Ratios of NRSH and SPTM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	NRSH	SPTM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.42	2.36	+0.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.80	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.85	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.11	0.46	+0.65

Drawdowns

NRSH vs. SPTM - Drawdown Comparison

The maximum NRSH drawdown since its inception was -24.01%, smaller than the maximum SPTM drawdown of -54.80%. Use the drawdown chart below to compare losses from any high point for NRSH and SPTM.

Drawdown Indicators

	NRSH	SPTM	Difference
Max Drawdown Largest peak-to-trough decline	-24.01%	-54.80%	+30.79%
Max Drawdown (1Y) Largest decline over 1 year	-10.94%	-8.68%	-2.26%
Max Drawdown (3Y) Largest decline over 3 years	—	-18.87%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.14%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-34.66%	—
Current Drawdown Current decline from peak	0.00%	-0.67%	+0.67%
Average Drawdown Average peak-to-trough decline	-5.62%	-9.05%	+3.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.50%	1.86%	+1.64%

Volatility

NRSH vs. SPTM - Volatility Comparison

Aztlan North America Nearshoring Stock Selection ETF (NRSH) has a higher volatility of 9.21% compared to SPDR Portfolio S&P 1500 Composite Stock Market ETF (SPTM) at 2.88%. This indicates that NRSH's price experiences larger fluctuations and is considered to be riskier than SPTM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NRSH	SPTM	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.21%	2.88%	+6.33%
Volatility (6M) Calculated over the trailing 6-month period	20.27%	8.92%	+11.35%
Volatility (1Y) Calculated over the trailing 1-year period	24.44%	11.88%	+12.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.54%	16.87%	+4.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.54%	18.03%	+3.51%

NRSH vs. SPTM - Expense Ratio Comparison

NRSH has a 0.75% expense ratio, which is higher than SPTM's 0.03% expense ratio.

Dividends

NRSH vs. SPTM - Dividend Comparison

NRSH's dividend yield for the trailing twelve months is around 0.28%, less than SPTM's 1.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%	0.00%	0.00%
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF	1.04%	1.13%	1.28%	1.44%	1.69%	1.25%	1.56%	1.72%	1.90%	1.66%	1.91%	1.92%

Frequently Asked Questions

Can I hold both NRSH and SPTM in my portfolio?

NRSH and SPTM have a correlation of 0.76, 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 SPTM?

NRSH has higher volatility (9.21%) compared to SPTM (2.88%). In terms of maximum drawdown, NRSH dropped -24.01% vs SPTM's -54.80%.

Which ETF is better, NRSH or SPTM?

On 1-year performance, NRSH leads with 58.80% vs 27.84% for SPTM. On fees, SPTM is cheaper at 0.03% per year. On volatility, SPTM has been the lower-risk option at 2.88%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NRSH or SPTM?

Over the 1-year period, NRSH has performed better with a 58.80% return vs 27.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NRSH or SPTM?

SPTM is cheaper with a 0.03% expense ratio, compared with 0.75% for NRSH.

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

SPTM has the higher dividend yield at 1.04%, compared with 0.28% for NRSH.

What is the main difference between NRSH and SPTM?

NRSH tracks Aztlan North America Nearshoring Price Return Index - Benchmark Price Return, while SPTM tracks S&P Composite 1500 Index. They also come from different issuers: Aztlan and State Street. Their fees differ too: 0.75% for NRSH and 0.03% for SPTM.

Which has better risk-adjusted returns?

NRSH currently has the higher Sharpe Ratio (2.42 vs 2.36), 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.