SPCT vs. NRSH

Last updated Jun 4, 2026

SPCT (Liberty One Spectrum ETF) and NRSH (Aztlan North America Nearshoring Stock Selection ETF) are both Large Cap Blend Equities funds. SPCT is actively managed, while NRSH is passively managed. At a 0.47 correlation, their price movements are largely independent. SPCT charges 0.85%/yr vs 0.75%/yr for NRSH.

Performance

SPCT vs. NRSH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Liberty One Spectrum ETF (SPCT) 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, SPCT achieves a 6.22% return, which is significantly lower than NRSH's 47.92% return.

SPCT

• 1D: -0.49%
• 1M: -0.67%
• YTD: 6.22%
• 6M: 4.94%
• 1Y: —
• 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)

SPCT vs. NRSH - Yearly Performance Comparison

	2026 (YTD)	2025
SPCT Liberty One Spectrum ETF	6.22%	1.56%
NRSH Aztlan North America Nearshoring Stock Selection ETF	47.92%	0.48%

Correlation

The correlation between SPCT and NRSH is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 1, 2025	0.47

Return for Risk

SPCT vs. NRSH — Risk / Return Rank

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

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.

SPCT vs. NRSH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Liberty One Spectrum ETF (SPCT) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	SPCT	NRSH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.42	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.28	1.11	+0.17

Drawdowns

SPCT vs. NRSH - Drawdown Comparison

The maximum SPCT drawdown since its inception was -7.17%, smaller than the maximum NRSH drawdown of -24.01%. Use the drawdown chart below to compare losses from any high point for SPCT and NRSH.

Drawdown Indicators

	SPCT	NRSH	Difference
Max Drawdown Largest peak-to-trough decline	-7.17%	-24.01%	+16.84%
Max Drawdown (1Y) Largest decline over 1 year	—	-10.94%	—
Current Drawdown Current decline from peak	-2.50%	0.00%	-2.50%
Average Drawdown Average peak-to-trough decline	-1.54%	-5.62%	+4.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.50%	—

Volatility

Volatility by Period

	SPCT	NRSH	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	9.21%	—
Volatility (6M) Calculated over the trailing 6-month period	—	20.27%	—
Volatility (1Y) Calculated over the trailing 1-year period	9.36%	24.44%	-15.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.36%	21.54%	-12.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.36%	21.54%	-12.18%

SPCT vs. NRSH - Expense Ratio Comparison

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

Dividends

SPCT vs. NRSH - Dividend Comparison

SPCT's dividend yield for the trailing twelve months is around 0.51%, 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%
SPCT Liberty One Spectrum ETF	0.51%	0.16%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SPCT and NRSH in my portfolio?

SPCT and NRSH have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SPCT or NRSH?

On fees, NRSH is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SPCT or NRSH?

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

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

SPCT has the higher dividend yield at 0.51%, compared with 0.28% for NRSH.

What is the main difference between SPCT and NRSH?

They also come from different issuers: Liberty One and Aztlan. Their fees differ too: 0.85% for SPCT and 0.75% for NRSH.