PTL vs. NRSH

Last updated Jun 4, 2026

PTL (Inspire 500 ETF) and NRSH (Aztlan North America Nearshoring Stock Selection ETF) are both Large Cap Blend Equities funds - PTL tracks the Inspire 500 Index while NRSH tracks the Aztlan North America Nearshoring Price Return Index - Benchmark Price Return. Both are passively managed. Over the past year, PTL returned 31.98% vs 58.80% for NRSH. A 0.76 correlation means they provide meaningful diversification when combined. PTL charges 0.09%/yr vs 0.75%/yr for NRSH.

Performance

PTL vs. NRSH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Inspire 500 ETF (PTL) 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, PTL achieves a 17.90% return, which is significantly lower than NRSH's 47.92% return.

PTL

• 1D: -0.12%
• 1M: 5.59%
• YTD: 17.90%
• 6M: 15.73%
• 1Y: 31.98%
• 3Y*: —
• 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)

PTL vs. NRSH - Yearly Performance Comparison

	2026 (YTD)	2025	2024
PTL Inspire 500 ETF	17.90%	17.92%	7.90%
NRSH Aztlan North America Nearshoring Stock Selection ETF	47.92%	12.95%	-3.00%

Correlation

The correlation between PTL and NRSH is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.81
Correlation (All Time) Calculated using the full available price history since Mar 27, 2024	0.76

The correlation between PTL and NRSH has been stable across timeframes, ranging from 0.76 to 0.81 - a consistent structural relationship.

PTL vs. NRSH - Sectors Allocation Comparison

Sectors	PTL	NRSH
Technology	30.5%	35.5%
Industrials	19.5%	58.7%
Energy	10.0%	2.5%
Financial Services	7.9%	-
Consumer Cyclical	7.0%	-
Basic Materials	6.2%	-
Real Estate	6.1%	5.8%
Healthcare	5.1%	-
Utilities	4.7%	-
Consumer Defensive	2.2%	-
Communication Services	1.0%	-

Return for Risk

PTL vs. NRSH — Risk / Return Rank

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

PTL

PTL Risk / Return Rank: 72
PTL Sharpe Ratio Rank: 67
PTL Sortino Ratio Rank: 65
PTL Omega Ratio Rank: 65
PTL Calmar Ratio Rank: 81
PTL Martin Ratio Rank: 81

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.

PTL vs. NRSH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Inspire 500 ETF (PTL) 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.

	PTL	NRSH	Difference
Sharpe ratio: Return per unit of total volatility	2.19	2.42	-0.23
Sortino ratio: Return per unit of downside risk	2.99	3.11	-0.11
Omega ratio: Gain probability vs. loss probability	1.39	1.40	-0.01
Calmar ratio: Return relative to maximum drawdown	4.24	5.40	-1.16
Martin ratio: Return relative to average drawdown	15.81	16.86	-1.04
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PTL vs. NRSH - Sharpe Ratio Comparison

The current PTL Sharpe Ratio is 2.19, which is comparable to the NRSH Sharpe Ratio of 2.42. The chart below compares the historical Sharpe Ratios of PTL 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

	PTL	NRSH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.19	2.42	-0.23
Sharpe Ratio (All Time) Calculated using the full available price history	1.16	1.11	+0.05

Drawdowns

PTL vs. NRSH - Drawdown Comparison

The maximum PTL drawdown since its inception was -19.72%, smaller than the maximum NRSH drawdown of -24.01%. Use the drawdown chart below to compare losses from any high point for PTL and NRSH.

Drawdown Indicators

	PTL	NRSH	Difference
Max Drawdown Largest peak-to-trough decline	-19.72%	-24.01%	+4.29%
Max Drawdown (1Y) Largest decline over 1 year	-7.57%	-10.94%	+3.37%
Current Drawdown Current decline from peak	-0.12%	0.00%	-0.12%
Average Drawdown Average peak-to-trough decline	-2.47%	-5.62%	+3.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.03%	3.50%	-1.47%

Volatility

PTL vs. NRSH - Volatility Comparison

The current volatility for Inspire 500 ETF (PTL) is 4.16%, while Aztlan North America Nearshoring Stock Selection ETF (NRSH) has a volatility of 9.21%. This indicates that PTL 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

	PTL	NRSH	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.16%	9.21%	-5.05%
Volatility (6M) Calculated over the trailing 6-month period	11.31%	20.27%	-8.96%
Volatility (1Y) Calculated over the trailing 1-year period	14.69%	24.44%	-9.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.68%	21.54%	-3.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.68%	21.54%	-3.86%

PTL vs. NRSH - Expense Ratio Comparison

PTL has a 0.09% expense ratio, which is lower than NRSH's 0.75% expense ratio.

Dividends

PTL vs. NRSH - Dividend Comparison

PTL's dividend yield for the trailing twelve months is around 1.09%, more than NRSH's 0.28% yield.

Position	TTM	2025	2024	2023
NRSH Aztlan North America Nearshoring Stock Selection ETF	0.28%	0.42%	0.90%	0.17%
PTL Inspire 500 ETF	1.09%	1.24%	0.92%	0.00%

Frequently Asked Questions

Can I hold both PTL and NRSH in my portfolio?

PTL and NRSH have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PTL or NRSH?

NRSH has higher volatility (9.21%) compared to PTL (4.16%). In terms of maximum drawdown, PTL dropped -19.72% vs NRSH's -24.01%.

Which ETF is better, PTL or NRSH?

On 1-year performance, NRSH leads with 58.80% vs 31.98% for PTL. On fees, PTL is cheaper at 0.09% per year. On volatility, PTL has been the lower-risk option at 4.16%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PTL or NRSH?

Over the 1-year period, NRSH has performed better with a 58.80% return vs 31.98%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PTL or NRSH?

PTL is cheaper with a 0.09% expense ratio, compared with 0.75% for NRSH.

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

PTL has the higher dividend yield at 1.09%, compared with 0.28% for NRSH.

What is the main difference between PTL and NRSH?

PTL tracks Inspire 500 Index, while NRSH tracks Aztlan North America Nearshoring Price Return Index - Benchmark Price Return. They also come from different issuers: Inspire and Aztlan. Their fees differ too: 0.09% for PTL and 0.75% for NRSH.

Which has better risk-adjusted returns?

NRSH currently has the higher Sharpe Ratio (2.42 vs 2.19), 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.