UTRN vs. NRSH

Last updated Jun 4, 2026

UTRN (Vesper U.S. Large Cap Short-Term Reversal Strategy ETF) and NRSH (Aztlan North America Nearshoring Stock Selection ETF) are both Large Cap Blend Equities funds - UTRN tracks the Vesper US Large Cap Short-Term Reversal Index while NRSH tracks the Aztlan North America Nearshoring Price Return Index - Benchmark Price Return. Both are passively managed. At a 0.43 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.

Performance

UTRN vs. NRSH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vesper U.S. Large Cap Short-Term Reversal Strategy ETF (UTRN) and Aztlan North America Nearshoring Stock Selection ETF (NRSH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

UTRN

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 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)

UTRN vs. NRSH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
UTRN Vesper U.S. Large Cap Short-Term Reversal Strategy ETF	0.00%	-3.65%	28.82%	4.99%
NRSH Aztlan North America Nearshoring Stock Selection ETF	47.92%	12.95%	-6.17%	8.65%

Correlation

The correlation between UTRN and NRSH is 0.43, 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 Dec 1, 2023	0.43

UTRN vs. NRSH - Sectors Allocation Comparison

Sectors	UTRN	NRSH
Financial Services	36.4%	-
Technology	31.9%	35.5%
Communication Services	8.0%	-
Basic Materials	7.9%	-
Energy	4.1%	2.5%
Industrials	4.0%	58.7%
Consumer Cyclical	3.9%	-
Healthcare	3.8%	-
Consumer Defensive	-	-
Real Estate	-	5.8%
Utilities	-	-

Return for Risk

UTRN 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.

UTRN vs. NRSH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vesper U.S. Large Cap Short-Term Reversal Strategy ETF (UTRN) 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

	UTRN	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	—	1.11	—

Drawdowns

Drawdown Indicators

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

Volatility

Volatility by Period

	UTRN	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	—	24.44%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	21.54%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	21.54%	—

UTRN vs. NRSH - Expense Ratio Comparison

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

Dividends

UTRN vs. NRSH - Dividend Comparison

UTRN has not paid dividends to shareholders, while NRSH's dividend yield for the trailing twelve months is around 0.28%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
NRSH Aztlan North America Nearshoring Stock Selection ETF	0.28%	0.42%	0.90%	0.17%	0.00%	0.00%	0.00%	0.00%	0.00%
UTRN Vesper U.S. Large Cap Short-Term Reversal Strategy ETF	0.00%	0.00%	1.06%	2.75%	1.09%	24.51%	9.09%	3.77%	0.71%

Frequently Asked Questions

Can I hold both UTRN and NRSH in my portfolio?

UTRN and NRSH have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, UTRN or NRSH?

Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, UTRN or NRSH?

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

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

NRSH has the higher dividend yield at 0.28%, compared with 0.00% for UTRN.

What is the main difference between UTRN and NRSH?

UTRN tracks Vesper US Large Cap Short-Term Reversal Index, while NRSH tracks Aztlan North America Nearshoring Price Return Index - Benchmark Price Return. They also come from different issuers: Exchange Traded Concepts and Aztlan.