YALL vs. NRSH

Last updated Jun 4, 2026

YALL (God Bless America ETF) and NRSH (Aztlan North America Nearshoring Stock Selection ETF) are both Large Cap Blend Equities funds. YALL is actively managed, while NRSH is passively managed. Over the past year, YALL returned 5.94% vs 58.80% for NRSH. A 0.62 correlation means they provide meaningful diversification when combined. YALL charges 0.65%/yr vs 0.75%/yr for NRSH.

Performance

YALL vs. NRSH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in God Bless America ETF (YALL) and Aztlan North America Nearshoring Stock Selection ETF (NRSH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

YALL

• 1D: -1.26%
• 1M: -0.74%
• YTD: 0.00%
• 6M: -1.23%
• 1Y: 5.94%
• 3Y*: 21.38%
• 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)

YALL vs. NRSH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
YALL God Bless America ETF	0.00%	14.36%	29.99%	7.78%
NRSH Aztlan North America Nearshoring Stock Selection ETF	47.92%	12.95%	-6.17%	8.65%

Correlation

The correlation between YALL and NRSH is 0.64, 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	0.64
Correlation (All Time) Calculated using the full available price history since Dec 1, 2023	0.62

The correlation between YALL and NRSH has been stable across timeframes, ranging from 0.62 to 0.64 - a consistent structural relationship.

YALL vs. NRSH - Sectors Allocation Comparison

Sectors	YALL	NRSH
Technology	21.8%	35.5%
Industrials	13.4%	58.7%
Financial Services	13.0%	-
Consumer Defensive	10.2%	-
Healthcare	10.2%	-
Consumer Cyclical	8.1%	-
Communication Services	7.7%	-
Basic Materials	5.3%	-
Energy	5.0%	2.5%
Utilities	3.0%	-
Real Estate	2.3%	5.8%

Return for Risk

YALL vs. NRSH — Risk / Return Rank

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

YALL

YALL Risk / Return Rank: 16
YALL Sharpe Ratio Rank: 15
YALL Sortino Ratio Rank: 14
YALL Omega Ratio Rank: 14
YALL Calmar Ratio Rank: 17
YALL Martin Ratio Rank: 18

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.

YALL vs. NRSH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for God Bless America ETF (YALL) 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.

	YALL	NRSH	Difference
Sharpe ratio: Return per unit of total volatility	0.44	2.42	-1.98
Sortino ratio: Return per unit of downside risk	0.69	3.11	-2.42
Omega ratio: Gain probability vs. loss probability	1.08	1.40	-0.32
Calmar ratio: Return relative to maximum drawdown	0.63	5.40	-4.77
Martin ratio: Return relative to average drawdown	1.86	16.86	-15.00
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

YALL vs. NRSH - Sharpe Ratio Comparison

The current YALL Sharpe Ratio is 0.44, which is lower than the NRSH Sharpe Ratio of 2.42. The chart below compares the historical Sharpe Ratios of YALL 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

	YALL	NRSH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.44	2.42	-1.98
Sharpe Ratio (All Time) Calculated using the full available price history	1.46	1.11	+0.35

Drawdowns

YALL vs. NRSH - Drawdown Comparison

The maximum YALL drawdown since its inception was -19.72%, smaller than the maximum NRSH drawdown of -24.01%. Use the drawdown chart below to compare losses from any high point for YALL and NRSH.

Drawdown Indicators

	YALL	NRSH	Difference
Max Drawdown Largest peak-to-trough decline	-19.72%	-24.01%	+4.29%
Max Drawdown (1Y) Largest decline over 1 year	-9.42%	-10.94%	+1.52%
Max Drawdown (3Y) Largest decline over 3 years	-19.72%	—	—
Current Drawdown Current decline from peak	-4.47%	0.00%	-4.47%
Average Drawdown Average peak-to-trough decline	-2.93%	-5.62%	+2.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.21%	3.50%	-0.29%

Volatility

YALL vs. NRSH - Volatility Comparison

The current volatility for God Bless America ETF (YALL) is 3.31%, while Aztlan North America Nearshoring Stock Selection ETF (NRSH) has a volatility of 9.21%. This indicates that YALL 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

	YALL	NRSH	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.31%	9.21%	-5.90%
Volatility (6M) Calculated over the trailing 6-month period	9.79%	20.27%	-10.48%
Volatility (1Y) Calculated over the trailing 1-year period	13.74%	24.44%	-10.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.49%	21.54%	-4.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.49%	21.54%	-4.05%

YALL vs. NRSH - Expense Ratio Comparison

YALL has a 0.65% expense ratio, which is lower than NRSH's 0.75% expense ratio.

Dividends

YALL vs. NRSH - Dividend Comparison

YALL's dividend yield for the trailing twelve months is around 0.49%, more than NRSH's 0.28% yield.

Position	TTM	2025	2024	2023	2022
NRSH Aztlan North America Nearshoring Stock Selection ETF	0.28%	0.42%	0.90%	0.17%	0.00%
YALL God Bless America ETF	0.49%	0.49%	0.50%	3.51%	0.19%

Frequently Asked Questions

Can I hold both YALL and NRSH in my portfolio?

YALL and NRSH have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, YALL or NRSH?

NRSH has higher volatility (9.21%) compared to YALL (3.31%). In terms of maximum drawdown, YALL dropped -19.72% vs NRSH's -24.01%.

Which ETF is better, YALL or NRSH?

On 1-year performance, NRSH leads with 58.80% vs 5.94% for YALL. On fees, YALL is cheaper at 0.65% per year. On volatility, YALL has been the lower-risk option at 3.31%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, YALL or NRSH?

Over the 1-year period, NRSH has performed better with a 58.80% return vs 5.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, YALL or NRSH?

YALL is cheaper with a 0.65% expense ratio, compared with 0.75% for NRSH.

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

YALL has the higher dividend yield at 0.49%, compared with 0.28% for NRSH.

What is the main difference between YALL and NRSH?

They also come from different issuers: Tidal ETFs and Aztlan. Their fees differ too: 0.65% for YALL and 0.75% for NRSH.

Which has better risk-adjusted returns?

NRSH currently has the higher Sharpe Ratio (2.42 vs 0.44), 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.