WZRD vs. NSI

Last updated Aug 1, 2026

WZRD (Opportunistic Trader ETF) and NSI (National Security Emerging Markets Index ETF) are both exchange-traded funds - WZRD is a Large Cap Blend Equities fund actively managed by Tuttle, while NSI is a Emerging Markets Equities fund tracking the Alerian National Security Emerging Markets Index. WZRD is actively managed, while NSI is passively managed. Over the past year, WZRD returned -96.34% vs 29.12% for NSI. Their -0.04 correlation means they have often moved in opposite directions in the past. WZRD charges 1.07%/yr vs 1.00%/yr for NSI.

Performance

WZRD vs. NSI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Opportunistic Trader ETF (WZRD) and National Security Emerging Markets Index ETF (NSI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WZRD achieves a -95.64% return, which is significantly lower than NSI's 12.00% return.

WZRD

• 1D: -24.11%
• 1M: -66.67%
• 6M: -94.79%
• YTD: -95.64%
• 1Y: -96.34%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -95.20%

NSI

• 1D: -0.04%
• 1M: 0.05%
• 6M: 4.40%
• YTD: 12.00%
• 1Y: 29.12%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 18.82%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
NSI National Security Emerging Markets Index ETF	$107.28K	$63.13K	$59.69K
WZRD Opportunistic Trader ETF	$53.22K	$31.27K	$34.05K

WZRD vs. NSI - Yearly Performance Comparison

	2026 (YTD)	2025
WZRD Opportunistic Trader ETF	-95.64%	-18.13%
NSI National Security Emerging Markets Index ETF	12.00%	15.87%

Correlation

The correlation between WZRD and NSI is -0.04, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.04
Correlation (All Time) Calculated using the full available price history since Jun 25, 2025	-0.04

Return for Risk

WZRD vs. NSI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

WZRD

WZRD Risk / Return Rank: 0
WZRD Sharpe Ratio Rank: 2
WZRD Sortino Ratio Rank: 0
WZRD Omega Ratio Rank: 0
WZRD Calmar Ratio Rank: 0
WZRD Martin Ratio Rank: 0

NSI

NSI Risk / Return Rank: 55
NSI Sharpe Ratio Rank: 54
NSI Sortino Ratio Rank: 53
NSI Omega Ratio Rank: 54
NSI Calmar Ratio Rank: 58
NSI Martin Ratio Rank: 55

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

WZRD vs. NSI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Opportunistic Trader ETF (WZRD) and National Security Emerging Markets Index ETF (NSI). 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.

	WZRD	NSI	Difference
Sharpe ratio: Return per unit of total volatility	-1.00	1.31	-2.31
Sortino ratio: Return per unit of downside risk	-3.21	1.87	-5.08
Omega ratio: Gain probability vs. loss probability	0.54	1.24	-0.70
Calmar ratio: Return relative to maximum drawdown	-1.00	2.05	-3.05
Martin ratio: Return relative to average drawdown	-2.09	6.52	-8.60

WZRD vs. NSI - Sharpe Ratio Comparison

The current WZRD Sharpe Ratio is -1.00, which is lower than the NSI Sharpe Ratio of 1.31. The chart below compares the historical Sharpe Ratios of WZRD and NSI, 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

WZRD vs. NSI - Drawdown Comparison

The maximum WZRD drawdown since its inception was -96.46%, which is greater than NSI's maximum drawdown of -18.77%. Use the drawdown chart below to compare losses from any high point for WZRD and NSI.

Drawdown Indicators

	WZRD	NSI	Difference
Max Drawdown Largest peak-to-trough decline	-96.46%	-18.77%	-77.69%
Max Drawdown (1Y) Largest decline over 1 year	-96.46%	-13.66%	-82.80%
Current Drawdown Current decline from peak	-96.46%	-6.15%	-90.31%
Average Drawdown Average peak-to-trough decline	-33.13%	-3.75%	-29.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	46.06%	4.29%	+41.77%

Volatility

WZRD vs. NSI - Volatility Comparison

Opportunistic Trader ETF (WZRD) has a higher volatility of 70.52% compared to National Security Emerging Markets Index ETF (NSI) at 7.62%. This indicates that WZRD's price experiences larger fluctuations and is considered to be riskier than NSI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WZRD	NSI	Difference
Volatility (1M) Calculated over the trailing 1-month period	70.52%	7.62%	+62.90%
Volatility (6M) Calculated over the trailing 6-month period	99.00%	18.74%	+80.26%
Volatility (1Y) Calculated over the trailing 1-year period	96.72%	21.37%	+75.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	92.69%	19.06%	+73.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	92.69%	19.06%	+73.63%

WZRD vs. NSI - Expense Ratio Comparison

WZRD has a 1.07% expense ratio, which is higher than NSI's 1.00% expense ratio.

Dividends

WZRD vs. NSI - Dividend Comparison

WZRD's dividend yield for the trailing twelve months is around 29.54%, more than NSI's 1.23% yield.

Position	TTM	2025	2024	2023
NSI National Security Emerging Markets Index ETF	1.23%	1.69%	3.39%	0.34%
WZRD Opportunistic Trader ETF	29.54%	1.29%	0.00%	0.00%

Frequently Asked Questions

Can I hold both WZRD and NSI in my portfolio?

WZRD and NSI have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WZRD or NSI?

WZRD has higher volatility (70.52%) compared to NSI (7.62%). In terms of maximum drawdown, WZRD dropped -96.46% vs NSI's -18.77%.

Which ETF is better, WZRD or NSI?

On 1-year performance, NSI leads with 29.12% vs -96.34% for WZRD. On fees, NSI is cheaper at 1.00% per year. On volatility, NSI has been the lower-risk option at 7.62%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, WZRD or NSI?

Over the 1-year period, NSI has performed better with a 29.12% return vs -96.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WZRD or NSI?

NSI is cheaper with a 1.00% expense ratio, compared with 1.07% for WZRD.

Which ETF pays a higher dividend yield, WZRD or NSI?

WZRD has the higher dividend yield at 29.54%, compared with 1.23% for NSI.

What is the main difference between WZRD and NSI?

WZRD is categorized as Large Cap Blend Equities, while NSI is Emerging Markets Equities. Their fees differ too: 1.07% for WZRD and 1.00% for NSI.

Which has better risk-adjusted returns?

NSI currently has the higher Sharpe Ratio (1.31 vs -1.00), 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.