TRND vs. NRSH

Last updated Jun 5, 2026

TRND (Pacer Trendpilot Fund of Funds ETF) and NRSH (Aztlan North America Nearshoring Stock Selection ETF) are both Large Cap Blend Equities funds - TRND tracks the Pacer Trendpilot Fund of Funds Index while NRSH tracks the Aztlan North America Nearshoring Price Return Index - Benchmark Price Return. Both are passively managed. Over the past year, TRND returned 21.50% vs 58.28% for NRSH. A 0.69 correlation means they provide meaningful diversification when combined. TRND charges 0.77%/yr vs 0.75%/yr for NRSH.

Performance

TRND vs. NRSH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer Trendpilot Fund of Funds ETF (TRND) 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, TRND achieves a 10.26% return, which is significantly lower than NRSH's 46.91% return.

TRND

• 1D: 0.09%
• 1M: 4.42%
• YTD: 10.26%
• 6M: 10.38%
• 1Y: 21.50%
• 3Y*: 11.99%
• 5Y*: 6.27%
• 10Y*: —

NRSH

• 1D: -0.68%
• 1M: 8.69%
• YTD: 46.91%
• 6M: 44.09%
• 1Y: 58.28%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TRND vs. NRSH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
TRND Pacer Trendpilot Fund of Funds ETF	10.26%	6.03%	11.97%	5.06%
NRSH Aztlan North America Nearshoring Stock Selection ETF	46.91%	12.95%	-6.17%	8.65%

Correlation

The correlation between TRND and NRSH is 0.79, 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	0.79
Correlation (All Time) Calculated using the full available price history since Dec 1, 2023	0.69

The correlation between TRND and NRSH has been stable across timeframes, ranging from 0.69 to 0.79 - a consistent structural relationship.

TRND vs. NRSH - Sectors Allocation Comparison

Sectors	TRND	NRSH
Technology	30.6%	35.5%
Industrials	13.4%	58.7%
Financial Services	13.2%	-
Consumer Cyclical	10.0%	-
Communication Services	7.7%	-
Healthcare	7.4%	-
Consumer Defensive	5.5%	-
Energy	3.8%	2.5%
Basic Materials	3.4%	-
Real Estate	2.7%	5.8%
Utilities	2.3%	-

Return for Risk

TRND vs. NRSH — Risk / Return Rank

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

TRND

TRND Risk / Return Rank: 58
TRND Sharpe Ratio Rank: 58
TRND Sortino Ratio Rank: 59
TRND Omega Ratio Rank: 57
TRND Calmar Ratio Rank: 55
TRND Martin Ratio Rank: 63

NRSH

NRSH Risk / Return Rank: 77
NRSH Sharpe Ratio Rank: 75
NRSH Sortino Ratio Rank: 68
NRSH Omega Ratio Rank: 66
NRSH Calmar Ratio Rank: 89
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.

TRND vs. NRSH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer Trendpilot Fund of Funds ETF (TRND) 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.

	TRND	NRSH	Difference
Sharpe ratio: Return per unit of total volatility	1.92	2.40	-0.47
Sortino ratio: Return per unit of downside risk	2.73	3.08	-0.35
Omega ratio: Gain probability vs. loss probability	1.35	1.39	-0.05
Calmar ratio: Return relative to maximum drawdown	2.70	5.35	-2.66
Martin ratio: Return relative to average drawdown	11.32	16.71	-5.38
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TRND vs. NRSH - Sharpe Ratio Comparison

The current TRND Sharpe Ratio is 1.92, which is comparable to the NRSH Sharpe Ratio of 2.40. The chart below compares the historical Sharpe Ratios of TRND 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

	TRND	NRSH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.92	2.40	-0.47
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.65	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.65	1.09	-0.44

Drawdowns

TRND vs. NRSH - Drawdown Comparison

The maximum TRND drawdown since its inception was -17.88%, smaller than the maximum NRSH drawdown of -24.01%. Use the drawdown chart below to compare losses from any high point for TRND and NRSH.

Drawdown Indicators

	TRND	NRSH	Difference
Max Drawdown Largest peak-to-trough decline	-17.88%	-24.01%	+6.13%
Max Drawdown (1Y) Largest decline over 1 year	-8.00%	-10.94%	+2.94%
Max Drawdown (3Y) Largest decline over 3 years	-9.56%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-16.21%	—	—
Current Drawdown Current decline from peak	-0.29%	-0.68%	+0.39%
Average Drawdown Average peak-to-trough decline	-5.22%	-5.61%	+0.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.90%	3.50%	-1.60%

Volatility

TRND vs. NRSH - Volatility Comparison

The current volatility for Pacer Trendpilot Fund of Funds ETF (TRND) is 3.48%, while Aztlan North America Nearshoring Stock Selection ETF (NRSH) has a volatility of 8.57%. This indicates that TRND 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

	TRND	NRSH	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.48%	8.57%	-5.09%
Volatility (6M) Calculated over the trailing 6-month period	8.97%	20.30%	-11.33%
Volatility (1Y) Calculated over the trailing 1-year period	11.23%	24.44%	-13.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.71%	21.53%	-11.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.18%	21.53%	-10.35%

TRND vs. NRSH - Expense Ratio Comparison

TRND has a 0.77% expense ratio, which is higher than NRSH's 0.75% expense ratio.

Dividends

TRND vs. NRSH - Dividend Comparison

TRND's dividend yield for the trailing twelve months is around 2.10%, more than NRSH's 0.28% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
NRSH Aztlan North America Nearshoring Stock Selection ETF	0.28%	0.42%	0.90%	0.17%	0.00%	0.00%	0.00%	0.00%
TRND Pacer Trendpilot Fund of Funds ETF	2.10%	2.32%	2.31%	2.51%	1.76%	0.93%	0.60%	0.93%

Frequently Asked Questions

Can I hold both TRND and NRSH in my portfolio?

TRND and NRSH have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TRND or NRSH?

NRSH has higher volatility (8.57%) compared to TRND (3.48%). In terms of maximum drawdown, TRND dropped -17.88% vs NRSH's -24.01%.

Which ETF is better, TRND or NRSH?

On 1-year performance, NRSH leads with 58.28% vs 21.50% for TRND. On fees, NRSH is cheaper at 0.75% per year. On volatility, TRND has been the lower-risk option at 3.48%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TRND or NRSH?

Over the 1-year period, NRSH has performed better with a 58.28% return vs 21.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TRND or NRSH?

NRSH is cheaper with a 0.75% expense ratio, compared with 0.77% for TRND.

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

TRND has the higher dividend yield at 2.10%, compared with 0.28% for NRSH.

What is the main difference between TRND and NRSH?

TRND tracks Pacer Trendpilot Fund of Funds Index, while NRSH tracks Aztlan North America Nearshoring Price Return Index - Benchmark Price Return. They also come from different issuers: Pacer and Aztlan. Their fees differ too: 0.77% for TRND and 0.75% for NRSH.

Which has better risk-adjusted returns?

NRSH currently has the higher Sharpe Ratio (2.40 vs 1.92), 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.