SIXA vs. NRSH

Last updated Jun 4, 2026

SIXA (6 Meridian Mega Cap Equity ETF) and NRSH (Aztlan North America Nearshoring Stock Selection ETF) are both Large Cap Blend Equities funds. SIXA is actively managed, while NRSH is passively managed. Over the past year, SIXA returned 18.71% vs 58.80% for NRSH. A 0.56 correlation means they provide meaningful diversification when combined. SIXA charges 0.86%/yr vs 0.75%/yr for NRSH.

Performance

SIXA vs. NRSH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in 6 Meridian Mega Cap Equity ETF (SIXA) 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, SIXA achieves a 11.89% return, which is significantly lower than NRSH's 47.92% return.

SIXA

• 1D: -0.09%
• 1M: 2.40%
• YTD: 11.89%
• 6M: 12.48%
• 1Y: 18.71%
• 3Y*: 20.65%
• 5Y*: 12.50%
• 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)

SIXA vs. NRSH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SIXA 6 Meridian Mega Cap Equity ETF	11.89%	15.52%	22.70%	4.65%
NRSH Aztlan North America Nearshoring Stock Selection ETF	47.92%	12.95%	-6.17%	8.65%

Correlation

The correlation between SIXA and NRSH is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (All Time) Calculated using the full available price history since Dec 1, 2023	0.56

The correlation between SIXA and NRSH shifts across timeframes, from 0.45 (1 year) to 0.56 (all time), reflecting how their relationship changes across market environments.

SIXA vs. NRSH - Sectors Allocation Comparison

Sectors	SIXA	NRSH
Consumer Defensive	23.8%	-
Technology	19.7%	35.5%
Communication Services	13.4%	-
Healthcare	12.7%	-
Financial Services	9.6%	-
Industrials	7.8%	58.7%
Consumer Cyclical	6.7%	-
Utilities	5.0%	-
Energy	3.1%	2.5%
Real Estate	1.4%	5.8%
Basic Materials	-	-

Return for Risk

SIXA vs. NRSH — Risk / Return Rank

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

SIXA

SIXA Risk / Return Rank: 65
SIXA Sharpe Ratio Rank: 62
SIXA Sortino Ratio Rank: 68
SIXA Omega Ratio Rank: 60
SIXA Calmar Ratio Rank: 68
SIXA Martin Ratio Rank: 69

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.

SIXA vs. NRSH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for 6 Meridian Mega Cap Equity ETF (SIXA) 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.

	SIXA	NRSH	Difference
Sharpe ratio: Return per unit of total volatility	2.10	2.42	-0.32
Sortino ratio: Return per unit of downside risk	3.14	3.11	+0.03
Omega ratio: Gain probability vs. loss probability	1.37	1.40	-0.03
Calmar ratio: Return relative to maximum drawdown	3.36	5.40	-2.04
Martin ratio: Return relative to average drawdown	12.75	16.86	-4.11
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SIXA vs. NRSH - Sharpe Ratio Comparison

The current SIXA Sharpe Ratio is 2.10, which is comparable to the NRSH Sharpe Ratio of 2.42. The chart below compares the historical Sharpe Ratios of SIXA 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

	SIXA	NRSH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.10	2.42	-0.32
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.98	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.20	1.11	+0.09

Drawdowns

SIXA vs. NRSH - Drawdown Comparison

The maximum SIXA drawdown since its inception was -18.38%, smaller than the maximum NRSH drawdown of -24.01%. Use the drawdown chart below to compare losses from any high point for SIXA and NRSH.

Drawdown Indicators

	SIXA	NRSH	Difference
Max Drawdown Largest peak-to-trough decline	-18.38%	-24.01%	+5.63%
Max Drawdown (1Y) Largest decline over 1 year	-5.59%	-10.94%	+5.35%
Max Drawdown (3Y) Largest decline over 3 years	-11.22%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-18.38%	—	—
Current Drawdown Current decline from peak	-0.84%	0.00%	-0.84%
Average Drawdown Average peak-to-trough decline	-3.00%	-5.62%	+2.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.47%	3.50%	-2.03%

Volatility

SIXA vs. NRSH - Volatility Comparison

The current volatility for 6 Meridian Mega Cap Equity ETF (SIXA) is 2.56%, while Aztlan North America Nearshoring Stock Selection ETF (NRSH) has a volatility of 9.21%. This indicates that SIXA 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

	SIXA	NRSH	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.56%	9.21%	-6.65%
Volatility (6M) Calculated over the trailing 6-month period	6.76%	20.27%	-13.51%
Volatility (1Y) Calculated over the trailing 1-year period	8.94%	24.44%	-15.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.80%	21.54%	-8.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.36%	21.54%	-8.18%

SIXA vs. NRSH - Expense Ratio Comparison

SIXA has a 0.86% expense ratio, which is higher than NRSH's 0.75% expense ratio.

Dividends

SIXA vs. NRSH - Dividend Comparison

SIXA's dividend yield for the trailing twelve months is around 2.01%, more than NRSH's 0.28% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
NRSH Aztlan North America Nearshoring Stock Selection ETF	0.28%	0.42%	0.90%	0.17%	0.00%	0.00%	0.00%
SIXA 6 Meridian Mega Cap Equity ETF	2.01%	2.31%	1.62%	2.12%	2.23%	1.63%	1.13%

Frequently Asked Questions

Can I hold both SIXA and NRSH in my portfolio?

SIXA and NRSH have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SIXA or NRSH?

NRSH has higher volatility (9.21%) compared to SIXA (2.56%). In terms of maximum drawdown, SIXA dropped -18.38% vs NRSH's -24.01%.

Which ETF is better, SIXA or NRSH?

On 1-year performance, NRSH leads with 58.80% vs 18.71% for SIXA. On fees, NRSH is cheaper at 0.75% per year. On volatility, SIXA has been the lower-risk option at 2.56%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SIXA or NRSH?

Over the 1-year period, NRSH has performed better with a 58.80% return vs 18.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SIXA or NRSH?

NRSH is cheaper with a 0.75% expense ratio, compared with 0.86% for SIXA.

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

SIXA has the higher dividend yield at 2.01%, compared with 0.28% for NRSH.

What is the main difference between SIXA and NRSH?

They also come from different issuers: Exchange Traded Concepts and Aztlan. Their fees differ too: 0.86% for SIXA and 0.75% for NRSH.

Which has better risk-adjusted returns?

NRSH currently has the higher Sharpe Ratio (2.42 vs 2.10), 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.