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HVACvsNRSHETF Comparison

ETF 1

HVAC

AdvisorShares HVAC and Industrials ETF

This fund is part of

Uncategorized Equities

+0.56%

Full HVAC fund page

VS

ETF 2

NRSH

Aztlan North America Nearshoring Stock Selection ETF

This fund is part of

Uncategorized Equities

+0.56%

Full NRSH fund page

AdvisorShares HVAC and Industrials ETF (HVAC) and Aztlan North America Nearshoring Stock Selection ETF (NRSH) belong to the same industry segment: Uncategorized Equities. HVAC's top 3 sector exposures are Industrials, Information Technology and Consumer Discretionary. In contrast, NRSH's top sector exposures are Industrials, Information Technology and Materials. HVAC is more expensive with a Total Expense Ratio (TER) of 0.89%, versus 0.76% for NRSH. HVAC is up 27.4% year-to-date (YTD) with +$4M in YTD flows. NRSH performs worse with 26.13% YTD performance, and +$2M in YTD flows. Run a side-by-side ETF comparison of HVAC and NRSH below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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HVAC vs NRSH performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 04/22/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	HVAC NRSH	+14.87%+16.19%	+14.84%+14.03%	+27.40%+26.13%	+82.91%+46.33%	n/an/a	n/an/a
Flows	HVAC NRSH	+$326K+$2M	+$4M+$2M	+$4M+$2M	+$8M+$9M	--	--

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	HVAC NRSH	+35.12%+30.91%	+25.95%+22.87%	n/an/a	n/an/a
Max drawdown	HVAC NRSH	-14.84%-9.84%	-14.84%-10.91%	n/an/a	n/an/a
Max drawdown duration	HVAC NRSH	44d69d	44d71d	n/an/a	n/an/a

Trading data

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	HVAC	NRSH
Last sale 4/24/2026 at 1:30 PM	$39.96	$29.08
Previous close 04/23/2026	$40.03	$28.86
Consolidated volume 04/23/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of March 31, 2026

1-year trailing difference

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HVAC

is actively managed and doesn’t replicate an index

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	HVAC	NRSH
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 4/24/2026 at 1:30 PM

Live

Closed

	HVAC	NRSH
Last price	$39.96	$29.08
1D performance	-0.18%	+0.75%
AuM	$9.67 M	$26.90 M
E/R	0.89%	0.76%

Characteristics

	HVAC	NRSH
Management strategy	Active	Passive
Provider	AdvisorShares	AZTLAN Equity Management
Benchmark	-	Aztlan North America Nearshoring Index
N° of holdings	24	29
Asset class	-	Equities
Trailing 12m distribution yield	Join	Join
Inception date	February 3, 2025	November 29, 2023
ESG	No	No

More HVAC data on Trackinsight

More NRSH data on Trackinsight

Exposure

Countries

HVAC

USA

90.73%

Other

9.27%

NRSH

USA

85.75%

Canada

10.35%

Other

3.9%

Sectors

HVAC

Industrials

66.74%

Information Techn.

13.03%

Other

20.23%

NRSH

Industrials

53.56%

Information Techn.

25.99%

Other

20.45%

Diversification

HVAC

Total weight of top 15 holdings out of 15

64.51%

NRSH

Total weight of top 15 holdings out of 15

52.22%

Top 15 holdings

Data as of March 31, 2026

HVAC

COMFORT SYSTEMS USA

5.87%

BWX TECHNOLOGIES INC

5.09%

JABIL CIRCUIT

4.99%

FLOWSERVE

4.83%

US36828A1016

4.64%

AMPHENOL

4.49%

VERTIV HOLDINGS

4.43%

FLUOR

4.19%

STERLING INFRASTRUCTURE INC

3.96%

AMETEK

3.85%

PARKER HANNIFIN

3.81%

WILLDAN GROUP

3.80%

CURTISS WRIGHT

3.57%

BELDEN

3.55%

DOVER

3.44%

NRSH

CIENA

3.72%

MICHAEL STORES

3.60%

RYERSON HOLDING

3.59%

PROLOGIS PROPERTY MEXICO REIT

3.55%

DXP ENTERPRISES

3.55%

TFI INTERNATIONAL INC

3.50%

JB HUNT TRANSPORT SERVICES

3.49%

MULLEN GROUP

3.49%

MYR GROUP

3.49%

COMMSCOPE HOLDING

3.41%

SANMINA CORP

3.38%

ANALOG DEVICES

3.38%

BWX TECHNOLOGIES INC

3.37%

CA15101Q2071

3.36%

API GROUP CORP

3.34%

Frequently asked questions about HVAC and NRSH

How have the HVAC and NRSH ETFs performed in 2026?

As of April 22, 2026, HVAC is up 27.4% year-to-date (YTD), while NRSH has returned 26.13%. That puts HVAC better performer ahead so far this year.

Which ETF is attracting more investor money: HVAC or NRSH?

Year-to-date, the HVAC ETF saw +$4M in flows, compared to +$2M for NRSH.

Which ETF is more volatile: HVAC or NRSH?

Over the past year, HVAC had a volatility of 25.95%, while NRSH experienced 22.87%.

Which ETF is bigger: HVAC or NRSH?

As of April 22, 2026, HVAC holds $9.67 M in assets under management (AUM), while NRSH manages $26.90 M.

What sectors do the HVAC and NRSH ETFs invest in?

HVAC leans toward sectors like Industrials and Information Technology. Meanwhile, NRSH focuses on Industrials and Information Technology.

What are the top holdings of the HVAC ETF and NRSH ETF?

HVAC top holdings include COMFORT SYSTEMS USA, BWX TECHNOLOGIES INC and JABIL CIRCUIT. NRSH holds in its top three: CIENA, MICHAEL STORES and RYERSON HOLDING.

HVACvsNRSHETF Comparison

AdvisorShares HVAC and Industrials ETF

Aztlan North America Nearshoring Stock Selection ETF

HVAC vs NRSH performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the HVAC and NRSH ETFs performed in 2026?

As of April 22, 2026, HVAC is up 27.4% year-to-date (YTD), while NRSH has returned 26.13%. That puts HVAC better performer ahead so far this year.

Which ETF is attracting more investor money: HVAC or NRSH?

Year-to-date, the HVAC ETF saw +$4M in flows, compared to +$2M for NRSH.

Which ETF is more volatile: HVAC or NRSH?

Over the past year, HVAC had a volatility of 25.95%, while NRSH experienced 22.87%.

Which ETF is bigger: HVAC or NRSH?

As of April 22, 2026, HVAC holds $9.67 M in assets under management (AUM), while NRSH manages $26.90 M.

What sectors do the HVAC and NRSH ETFs invest in?

HVAC leans toward sectors like Industrials and Information Technology. Meanwhile, NRSH focuses on Industrials and Information Technology.

What are the top holdings of the HVAC ETF and NRSH ETF?

HVAC top holdings include COMFORT SYSTEMS USA, BWX TECHNOLOGIES INC and JABIL CIRCUIT. NRSH holds in its top three: CIENA, MICHAEL STORES and RYERSON HOLDING.

Which ETF is more diversified: HVAC or NRSH?

HVAC holds 25 securities with 64.51% of its assets in the top 15. NRSH has 30 securities and a top 15 weight of 52.22%.

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