SGLC vs. NRSH

Last updated Jun 13, 2026

SGLC (SGI U.S. Large Cap Core ETF) and NRSH (Aztlan North America Nearshoring Stock Selection ETF) are both Large Cap Blend Equities funds. SGLC is actively managed, while NRSH is passively managed. Over the past year, SGLC returned 29.95% vs 54.03% for NRSH. A 0.61 correlation means they provide meaningful diversification when combined. SGLC charges 0.85%/yr vs 0.75%/yr for NRSH.

Performance

SGLC vs. NRSH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SGI U.S. Large Cap Core ETF (SGLC) 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, SGLC achieves a 12.24% return, which is significantly lower than NRSH's 45.20% return.

SGLC

• 1D: 0.19%
• 1M: -0.11%
• YTD: 12.24%
• 6M: 14.02%
• 1Y: 29.95%
• 3Y*: 21.03%
• 5Y*: —
• 10Y*: —

NRSH

• 1D: 1.01%
• 1M: 6.02%
• YTD: 45.20%
• 6M: 41.83%
• 1Y: 54.03%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SGLC vs. NRSH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SGLC SGI U.S. Large Cap Core ETF	12.24%	17.30%	20.19%	5.40%
NRSH Aztlan North America Nearshoring Stock Selection ETF	45.20%	12.95%	-6.17%	9.15%

Correlation

The correlation between SGLC and NRSH is 0.69, 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	0.69
Correlation (All Time) Calculated using the full available price history since Nov 30, 2023	0.61

The correlation between SGLC and NRSH has been stable across timeframes, ranging from 0.61 to 0.69 - a consistent structural relationship.

SGLC vs. NRSH - Sectors Allocation Comparison

Sectors	SGLC	NRSH
Technology	32.4%	35.5%
Financial Services	14.9%	-
Communication Services	11.2%	-
Consumer Cyclical	10.1%	-
Healthcare	9.9%	-
Industrials	6.5%	58.7%
Consumer Defensive	5.4%	-
Basic Materials	3.1%	-
Energy	2.9%	2.5%
Real Estate	2.5%	5.8%
Utilities	1.2%	-

Return for Risk

SGLC vs. NRSH — Risk / Return Rank

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

SGLC

SGLC Risk / Return Rank: 74
SGLC Sharpe Ratio Rank: 76
SGLC Sortino Ratio Rank: 71
SGLC Omega Ratio Rank: 74
SGLC Calmar Ratio Rank: 69
SGLC Martin Ratio Rank: 79

NRSH

NRSH Risk / Return Rank: 77
NRSH Sharpe Ratio Rank: 75
NRSH Sortino Ratio Rank: 69
NRSH Omega Ratio Rank: 67
NRSH Calmar Ratio Rank: 90
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.

SGLC vs. NRSH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SGI U.S. Large Cap Core ETF (SGLC) 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.

	SGLC	NRSH	Difference
Sharpe ratio: Return per unit of total volatility	2.16	2.11	+0.05
Sortino ratio: Return per unit of downside risk	2.85	2.76	+0.09
Omega ratio: Gain probability vs. loss probability	1.39	1.35	+0.03
Calmar ratio: Return relative to maximum drawdown	3.11	4.96	-1.85
Martin ratio: Return relative to average drawdown	13.58	15.13	-1.54

SGLC vs. NRSH - Sharpe Ratio Comparison

The current SGLC Sharpe Ratio is 2.16, which is comparable to the NRSH Sharpe Ratio of 2.11. The chart below compares the historical Sharpe Ratios of SGLC 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

SGLC vs. NRSH - Drawdown Comparison

The maximum SGLC drawdown since its inception was -20.24%, smaller than the maximum NRSH drawdown of -24.01%. Use the drawdown chart below to compare losses from any high point for SGLC and NRSH.

Drawdown Indicators

	SGLC	NRSH	Difference
Max Drawdown Largest peak-to-trough decline	-20.24%	-24.01%	+3.77%
Max Drawdown (1Y) Largest decline over 1 year	-9.67%	-10.94%	+1.27%
Max Drawdown (3Y) Largest decline over 3 years	-20.24%	—	—
Current Drawdown Current decline from peak	-2.35%	-1.84%	-0.51%
Average Drawdown Average peak-to-trough decline	-2.45%	-5.59%	+3.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.22%	3.59%	-1.37%

Volatility

SGLC vs. NRSH - Volatility Comparison

The current volatility for SGI U.S. Large Cap Core ETF (SGLC) is 4.55%, while Aztlan North America Nearshoring Stock Selection ETF (NRSH) has a volatility of 10.65%. This indicates that SGLC 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

	SGLC	NRSH	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.55%	10.65%	-6.10%
Volatility (6M) Calculated over the trailing 6-month period	11.59%	21.82%	-10.23%
Volatility (1Y) Calculated over the trailing 1-year period	13.93%	25.71%	-11.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.09%	22.01%	-5.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.09%	22.01%	-5.92%

SGLC vs. NRSH - Expense Ratio Comparison

SGLC has a 0.85% expense ratio, which is higher than NRSH's 0.75% expense ratio.

Dividends

SGLC vs. NRSH - Dividend Comparison

SGLC's dividend yield for the trailing twelve months is around 0.21%, less than NRSH's 0.29% yield.

Position	TTM	2025	2024	2023
NRSH Aztlan North America Nearshoring Stock Selection ETF	0.29%	0.42%	0.90%	0.17%
SGLC SGI U.S. Large Cap Core ETF	0.21%	0.23%	8.68%	1.49%

Frequently Asked Questions

Can I hold both SGLC and NRSH in my portfolio?

SGLC and NRSH have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SGLC or NRSH?

NRSH has higher volatility (10.65%) compared to SGLC (4.55%). In terms of maximum drawdown, SGLC dropped -20.24% vs NRSH's -24.01%.

Which ETF is better, SGLC or NRSH?

On 1-year performance, NRSH leads with 54.03% vs 29.95% for SGLC. On fees, NRSH is cheaper at 0.75% per year. On volatility, SGLC has been the lower-risk option at 4.55%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SGLC or NRSH?

Over the 1-year period, NRSH has performed better with a 54.03% return vs 29.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SGLC or NRSH?

NRSH is cheaper with a 0.75% expense ratio, compared with 0.85% for SGLC.

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

NRSH has the higher dividend yield at 0.29%, compared with 0.21% for SGLC.

What is the main difference between SGLC and NRSH?

They also come from different issuers: Summit Global Investments and Aztlan. Their fees differ too: 0.85% for SGLC and 0.75% for NRSH.

Which has better risk-adjusted returns?

SGLC currently has the higher Sharpe Ratio (2.16 vs 2.11), 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.