SELV vs. NRSH

Last updated Jun 23, 2026

SELV (SEI Enhanced Low Volatility US Large Cap ETF) and NRSH (Aztlan North America Nearshoring Stock Selection ETF) are both Large Cap Blend Equities funds. SELV is actively managed, while NRSH is passively managed. Over the past year, SELV returned 5.79% vs 59.62% for NRSH. At a 0.40 correlation, their price movements are largely independent. SELV charges 0.15%/yr vs 0.75%/yr for NRSH.

Performance

SELV vs. NRSH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SEI Enhanced Low Volatility US Large Cap ETF (SELV) 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, SELV achieves a -0.78% return, which is significantly lower than NRSH's 48.32% return.

SELV

• 1D: -0.62%
• 1M: -4.10%
• YTD: -0.78%
• 6M: -1.05%
• 1Y: 5.79%
• 3Y*: 9.83%
• 5Y*: —
• 10Y*: —

NRSH

• 1D: 1.71%
• 1M: 9.60%
• YTD: 48.32%
• 6M: 44.73%
• 1Y: 59.62%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SELV vs. NRSH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SELV SEI Enhanced Low Volatility US Large Cap ETF	-0.78%	12.86%	14.71%	2.99%
NRSH Aztlan North America Nearshoring Stock Selection ETF	48.32%	12.95%	-6.17%	9.15%

Correlation

The correlation between SELV and NRSH is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.12
Correlation (All Time) Calculated using the full available price history since Nov 30, 2023	0.40

Over the past year, the correlation between SELV and NRSH has dropped to 0.12 - well below their long-term average of 0.40, suggesting their price drivers have been diverging.

SELV vs. NRSH - Sectors Allocation Comparison

Sectors	SELV	NRSH
Technology	21.4%	36.7%
Healthcare	17.0%	-
Communication Services	15.8%	-
Consumer Defensive	12.3%	-
Utilities	7.6%	-
Industrials	7.5%	57.9%
Consumer Cyclical	4.9%	-
Financial Services	4.8%	-
Energy	4.3%	2.5%
Basic Materials	2.8%	-
Real Estate	0.1%	5.4%

Return for Risk

SELV vs. NRSH — Risk / Return Rank

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

SELV

SELV Risk / Return Rank: 20
SELV Sharpe Ratio Rank: 19
SELV Sortino Ratio Rank: 18
SELV Omega Ratio Rank: 17
SELV Calmar Ratio Rank: 22
SELV Martin Ratio Rank: 22

NRSH

NRSH Risk / Return Rank: 76
NRSH Sharpe Ratio Rank: 76
NRSH Sortino Ratio Rank: 67
NRSH Omega Ratio Rank: 65
NRSH Calmar Ratio Rank: 91
NRSH Martin Ratio Rank: 84

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.

SELV vs. NRSH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SEI Enhanced Low Volatility US Large Cap ETF (SELV) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	SELV	NRSH	Difference
Sharpe ratio: Return per unit of total volatility	0.65	2.32	-1.67
Sortino ratio: Return per unit of downside risk	0.97	2.97	-2.01
Omega ratio: Gain probability vs. loss probability	1.11	1.38	-0.27
Calmar ratio: Return relative to maximum drawdown	0.98	5.48	-4.50
Martin ratio: Return relative to average drawdown	2.70	16.66	-13.96

SELV vs. NRSH - Sharpe Ratio Comparison

The current SELV Sharpe Ratio is 0.65, which is lower than the NRSH Sharpe Ratio of 2.32. The chart below compares the historical Sharpe Ratios of SELV 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.

Drawdowns

SELV vs. NRSH - Drawdown Comparison

The maximum SELV drawdown since its inception was -13.73%, smaller than the maximum NRSH drawdown of -24.01%. Use the drawdown chart below to compare losses from any high point for SELV and NRSH.

Drawdown Indicators

	SELV	NRSH	Difference
Max Drawdown Largest peak-to-trough decline	-13.73%	-24.01%	+10.28%
Max Drawdown (1Y) Largest decline over 1 year	-5.92%	-10.94%	+5.02%
Max Drawdown (3Y) Largest decline over 3 years	-8.94%	—	—
Current Drawdown Current decline from peak	-5.51%	0.00%	-5.51%
Average Drawdown Average peak-to-trough decline	-2.37%	-5.56%	+3.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.15%	3.59%	-1.44%

Volatility

SELV vs. NRSH - Volatility Comparison

The current volatility for SEI Enhanced Low Volatility US Large Cap ETF (SELV) is 2.91%, while Aztlan North America Nearshoring Stock Selection ETF (NRSH) has a volatility of 9.85%. This indicates that SELV 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

	SELV	NRSH	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.91%	9.85%	-6.94%
Volatility (6M) Calculated over the trailing 6-month period	6.68%	21.51%	-14.83%
Volatility (1Y) Calculated over the trailing 1-year period	8.97%	25.85%	-16.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.89%	22.00%	-10.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.89%	22.00%	-10.11%

SELV vs. NRSH - Expense Ratio Comparison

SELV has a 0.15% expense ratio, which is lower than NRSH's 0.75% expense ratio.

Dividends

SELV vs. NRSH - Dividend Comparison

SELV's dividend yield for the trailing twelve months is around 1.80%, 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%
SELV SEI Enhanced Low Volatility US Large Cap ETF	1.80%	1.74%	1.77%	2.06%	1.26%

Frequently Asked Questions

Can I hold both SELV and NRSH in my portfolio?

SELV and NRSH have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SELV or NRSH?

NRSH has higher volatility (9.85%) compared to SELV (2.91%). In terms of maximum drawdown, SELV dropped -13.73% vs NRSH's -24.01%.

Which ETF is better, SELV or NRSH?

On 1-year performance, NRSH leads with 59.62% vs 5.79% for SELV. On fees, SELV is cheaper at 0.15% per year. On volatility, SELV has been the lower-risk option at 2.91%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SELV or NRSH?

Over the 1-year period, NRSH has performed better with a 59.62% return vs 5.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SELV or NRSH?

SELV is cheaper with a 0.15% expense ratio, compared with 0.75% for NRSH.

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

SELV has the higher dividend yield at 1.80%, compared with 0.28% for NRSH.

What is the main difference between SELV and NRSH?

They also come from different issuers: SEI and Aztlan. Their fees differ too: 0.15% for SELV and 0.75% for NRSH.

Which has better risk-adjusted returns?

NRSH currently has the higher Sharpe Ratio (2.32 vs 0.65), 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.