SUPP vs. NRSH

Last updated Jul 14, 2026

SUPP (TCW Transform Supply Chain ETF) and NRSH (Aztlan North America Nearshoring Stock Selection ETF) are both Large Cap Blend Equities funds. SUPP is actively managed, while NRSH is passively managed. Over the past year, SUPP returned 20.26% vs 46.20% for NRSH. A 0.73 correlation means they provide meaningful diversification when combined. Both charge a 0.75% expense ratio.

Performance

SUPP vs. NRSH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TCW Transform Supply Chain ETF (SUPP) 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, SUPP achieves a 17.60% return, which is significantly lower than NRSH's 40.20% return.

SUPP

• 1D: -2.27%
• 1M: -2.32%
• 6M: 12.78%
• YTD: 17.60%
• 1Y: 20.26%
• 3Y*: 15.79%
• 5Y*: —
• 10Y*: —

NRSH

• 1D: -1.91%
• 1M: -3.44%
• 6M: 30.92%
• YTD: 40.20%
• 1Y: 46.20%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SUPP vs. NRSH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SUPP TCW Transform Supply Chain ETF	17.60%	11.65%	10.95%	10.59%
NRSH Aztlan North America Nearshoring Stock Selection ETF	40.20%	12.95%	-6.17%	9.15%

Correlation

The correlation between SUPP and NRSH is 0.83, 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	0.83
Correlation (All Time) Calculated using the full available price history since Nov 30, 2023	0.73

The correlation between SUPP and NRSH shifts across timeframes, from 0.73 (all time) to 0.83 (1 year), reflecting how their relationship changes across market environments.

SUPP vs. NRSH - Sectors Allocation Comparison

Sectors	SUPP	NRSH
Industrials	52.4%	57.9%
Technology	37.0%	36.7%
Consumer Cyclical	6.2%	-
Basic Materials	4.4%	-
Communication Services	-	-
Consumer Defensive	-	-
Energy	-	2.5%
Financial Services	-	-
Healthcare	-	-
Real Estate	-	5.4%
Utilities	-	-

Return for Risk

SUPP vs. NRSH — Risk / Return Rank

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

SUPP

SUPP Risk / Return Rank: 35
SUPP Sharpe Ratio Rank: 32
SUPP Sortino Ratio Rank: 31
SUPP Omega Ratio Rank: 31
SUPP Calmar Ratio Rank: 36
SUPP Martin Ratio Rank: 45

NRSH

NRSH Risk / Return Rank: 72
NRSH Sharpe Ratio Rank: 68
NRSH Sortino Ratio Rank: 63
NRSH Omega Ratio Rank: 60
NRSH Calmar Ratio Rank: 90
NRSH Martin Ratio Rank: 82

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.

SUPP vs. NRSH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TCW Transform Supply Chain ETF (SUPP) 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.

	SUPP	NRSH	Difference
Sharpe ratio: Return per unit of total volatility	0.92	1.74	-0.81
Sortino ratio: Return per unit of downside risk	1.38	2.34	-0.95
Omega ratio: Gain probability vs. loss probability	1.17	1.29	-0.12
Calmar ratio: Return relative to maximum drawdown	1.50	4.24	-2.75
Martin ratio: Return relative to average drawdown	5.81	12.69	-6.88

SUPP vs. NRSH - Sharpe Ratio Comparison

The current SUPP Sharpe Ratio is 0.92, which is lower than the NRSH Sharpe Ratio of 1.74. The chart below compares the historical Sharpe Ratios of SUPP 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

SUPP vs. NRSH - Drawdown Comparison

The maximum SUPP drawdown since its inception was -25.03%, roughly equal to the maximum NRSH drawdown of -24.01%. Use the drawdown chart below to compare losses from any high point for SUPP and NRSH.

Drawdown Indicators

	SUPP	NRSH	Difference
Max Drawdown Largest peak-to-trough decline	-25.03%	-24.01%	-1.02%
Max Drawdown (1Y) Largest decline over 1 year	-13.59%	-10.94%	-2.65%
Max Drawdown (3Y) Largest decline over 3 years	-25.03%	—	—
Current Drawdown Current decline from peak	-7.30%	-5.83%	-1.47%
Average Drawdown Average peak-to-trough decline	-4.36%	-5.52%	+1.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.50%	3.65%	-0.15%

Volatility

SUPP vs. NRSH - Volatility Comparison

TCW Transform Supply Chain ETF (SUPP) and Aztlan North America Nearshoring Stock Selection ETF (NRSH) have volatilities of 10.11% and 10.10%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SUPP	NRSH	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.11%	10.10%	+0.01%
Volatility (6M) Calculated over the trailing 6-month period	19.30%	22.47%	-3.17%
Volatility (1Y) Calculated over the trailing 1-year period	22.09%	26.77%	-4.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.09%	22.28%	-2.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.09%	22.28%	-2.19%

SUPP vs. NRSH - Expense Ratio Comparison

Both SUPP and NRSH have an expense ratio of 0.75%.

Dividends

SUPP vs. NRSH - Dividend Comparison

SUPP's dividend yield for the trailing twelve months is around 0.30%, which matches NRSH's 0.30% yield.

Position	TTM	2025	2024	2023
NRSH Aztlan North America Nearshoring Stock Selection ETF	0.30%	0.42%	0.90%	0.17%
SUPP TCW Transform Supply Chain ETF	0.30%	0.35%	0.49%	0.45%

Frequently Asked Questions

Can I hold both SUPP and NRSH in my portfolio?

SUPP and NRSH have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SUPP or NRSH?

SUPP has higher volatility (10.11%) compared to NRSH (10.10%). In terms of maximum drawdown, SUPP dropped -25.03% vs NRSH's -24.01%.

Which ETF is better, SUPP or NRSH?

On 1-year performance, NRSH leads with 46.20% vs 20.26% for SUPP. Both ETFs have the same 0.75% expense ratio. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SUPP or NRSH?

Over the 1-year period, NRSH has performed better with a 46.20% return vs 20.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SUPP or NRSH?

SUPP and NRSH have the same expense ratio: 0.75% per year.

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

SUPP and NRSH have nearly identical dividend yields, around 0.30%.

What is the main difference between SUPP and NRSH?

They also come from different issuers: TCW and Aztlan.

Which has better risk-adjusted returns?

NRSH currently has the higher Sharpe Ratio (1.74 vs 0.92), 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.