PRAY vs. NRSH

Last updated Jun 4, 2026

PRAY (FIS Biblically Responsible Risk Managed ETF) and NRSH (Aztlan North America Nearshoring Stock Selection ETF) are both Large Cap Blend Equities funds - PRAY tracks the NONE while NRSH tracks the Aztlan North America Nearshoring Price Return Index - Benchmark Price Return. Both are passively managed. Over the past year, PRAY returned 21.06% vs 58.80% for NRSH. A 0.70 correlation means they provide meaningful diversification when combined. PRAY charges 0.69%/yr vs 0.75%/yr for NRSH.

Performance

PRAY vs. NRSH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FIS Biblically Responsible Risk Managed ETF (PRAY) and Aztlan North America Nearshoring Stock Selection ETF (NRSH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PRAY achieves a 14.78% return, which is significantly lower than NRSH's 47.92% return.

PRAY

• 1D: -0.81%
• 1M: 3.83%
• YTD: 14.78%
• 6M: 14.02%
• 1Y: 21.06%
• 3Y*: 16.61%
• 5Y*: —
• 10Y*: —

NRSH

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

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

PRAY vs. NRSH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
PRAY FIS Biblically Responsible Risk Managed ETF	14.78%	9.08%	13.02%	6.21%
NRSH Aztlan North America Nearshoring Stock Selection ETF	47.92%	12.95%	-6.17%	8.65%

Correlation

The correlation between PRAY and NRSH is 0.71, 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	0.71
Correlation (All Time) Calculated using the full available price history since Dec 1, 2023	0.70

The correlation between PRAY and NRSH has been stable across timeframes, ranging from 0.70 to 0.71 - a consistent structural relationship.

PRAY vs. NRSH - Sectors Allocation Comparison

Sectors	PRAY	NRSH
Technology	25.2%	35.5%
Industrials	15.3%	58.7%
Consumer Cyclical	14.3%	-
Financial Services	12.5%	-
Communication Services	8.6%	-
Healthcare	7.7%	-
Utilities	4.2%	-
Consumer Defensive	4.0%	-
Energy	3.8%	2.5%
Basic Materials	3.0%	-
Real Estate	1.6%	5.8%

Return for Risk

PRAY vs. NRSH — Risk / Return Rank

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

PRAY

PRAY Risk / Return Rank: 51
PRAY Sharpe Ratio Rank: 49
PRAY Sortino Ratio Rank: 51
PRAY Omega Ratio Rank: 47
PRAY Calmar Ratio Rank: 49
PRAY Martin Ratio Rank: 60

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

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.

PRAY vs. NRSH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FIS Biblically Responsible Risk Managed ETF (PRAY) and Aztlan North America Nearshoring Stock Selection ETF (NRSH). 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.

	PRAY	NRSH	Difference
Sharpe ratio: Return per unit of total volatility	1.67	2.42	-0.75
Sortino ratio: Return per unit of downside risk	2.47	3.11	-0.64
Omega ratio: Gain probability vs. loss probability	1.29	1.40	-0.10
Calmar ratio: Return relative to maximum drawdown	2.40	5.40	-3.00
Martin ratio: Return relative to average drawdown	10.57	16.86	-6.29
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PRAY vs. NRSH - Sharpe Ratio Comparison

The current PRAY Sharpe Ratio is 1.67, which is lower than the NRSH Sharpe Ratio of 2.42. The chart below compares the historical Sharpe Ratios of PRAY and NRSH, 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

	PRAY	NRSH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.67	2.42	-0.75
Sharpe Ratio (All Time) Calculated using the full available price history	0.59	1.11	-0.52

Drawdowns

PRAY vs. NRSH - Drawdown Comparison

The maximum PRAY drawdown since its inception was -21.40%, smaller than the maximum NRSH drawdown of -24.01%. Use the drawdown chart below to compare losses from any high point for PRAY and NRSH.

Drawdown Indicators

	PRAY	NRSH	Difference
Max Drawdown Largest peak-to-trough decline	-21.40%	-24.01%	+2.61%
Max Drawdown (1Y) Largest decline over 1 year	-8.80%	-10.94%	+2.14%
Max Drawdown (3Y) Largest decline over 3 years	-17.13%	—	—
Current Drawdown Current decline from peak	-0.81%	0.00%	-0.81%
Average Drawdown Average peak-to-trough decline	-5.43%	-5.62%	+0.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.00%	3.50%	-1.50%

Volatility

PRAY vs. NRSH - Volatility Comparison

The current volatility for FIS Biblically Responsible Risk Managed ETF (PRAY) is 4.21%, while Aztlan North America Nearshoring Stock Selection ETF (NRSH) has a volatility of 9.21%. This indicates that PRAY experiences smaller price fluctuations and is considered to be less risky than NRSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PRAY	NRSH	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.21%	9.21%	-5.00%
Volatility (6M) Calculated over the trailing 6-month period	10.58%	20.27%	-9.69%
Volatility (1Y) Calculated over the trailing 1-year period	12.70%	24.44%	-11.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.00%	21.54%	-5.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.00%	21.54%	-5.54%

PRAY vs. NRSH - Expense Ratio Comparison

PRAY has a 0.69% expense ratio, which is lower than NRSH's 0.75% expense ratio.

Dividends

PRAY vs. NRSH - Dividend Comparison

PRAY's dividend yield for the trailing twelve months is around 0.60%, more than NRSH's 0.28% yield.

Position	TTM	2025	2024	2023	2022
NRSH Aztlan North America Nearshoring Stock Selection ETF	0.28%	0.42%	0.90%	0.17%	0.00%
PRAY FIS Biblically Responsible Risk Managed ETF	0.60%	0.69%	0.76%	0.83%	1.20%

Frequently Asked Questions

Can I hold both PRAY and NRSH in my portfolio?

PRAY and NRSH have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PRAY or NRSH?

NRSH has higher volatility (9.21%) compared to PRAY (4.21%). In terms of maximum drawdown, PRAY dropped -21.40% vs NRSH's -24.01%.

Which ETF is better, PRAY or NRSH?

On 1-year performance, NRSH leads with 58.80% vs 21.06% for PRAY. On fees, PRAY is cheaper at 0.69% per year. On volatility, PRAY has been the lower-risk option at 4.21%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PRAY or NRSH?

Over the 1-year period, NRSH has performed better with a 58.80% return vs 21.06%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PRAY or NRSH?

PRAY is cheaper with a 0.69% expense ratio, compared with 0.75% for NRSH.

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

PRAY has the higher dividend yield at 0.60%, compared with 0.28% for NRSH.

What is the main difference between PRAY and NRSH?

PRAY tracks NONE, while NRSH tracks Aztlan North America Nearshoring Price Return Index - Benchmark Price Return. They also come from different issuers: Faith Investor Services and Aztlan. Their fees differ too: 0.69% for PRAY and 0.75% for NRSH.

Which has better risk-adjusted returns?

NRSH currently has the higher Sharpe Ratio (2.42 vs 1.67), 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.