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NRSHvsFADETF Comparison

ETF 1

NRSH

Aztlan North America Nearshoring Stock Selection ETF

This fund is part of

Uncategorized Equities

+0.83%

Full NRSH fund page

VS

ETF 2

FAD

First Trust Multi Cap Growth AlphaDEX Fund ETF

This fund is part of

US Multi-Factor

+0.99%

Full FAD fund page

Aztlan North America Nearshoring Stock Selection ETF (NRSH) belongs to the Uncategorized Equities segment. First Trust Multi Cap Growth AlphaDEX Fund ETF (FAD) is part of the US Multi-Factor segment. NRSH's top 3 sector exposures are Industrials, Information Technology and Materials. In contrast, FAD's top sector exposures are Industrials, Information Technology and Health Care. NRSH is more expensive with a Total Expense Ratio (TER) of 0.76%, versus 0.63% for FAD. NRSH is up 29.12% year-to-date (YTD) with +$2M in YTD flows. FAD performs worse with 9.95% YTD performance, and +$69M in YTD flows. Run a side-by-side ETF comparison of NRSH and FAD 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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NRSH vs FAD 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 04/30/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	NRSH FAD	+27.70%+16.21%	+19.35%+7.03%	+29.12%+9.95%	+48.89%+37.33%	n/a+83.85%	n/a+60.93%
Flows	NRSH FAD	+$2M+$43M	+$2M+$43M	+$2M+$69M	+$9M+$130M	-+$158M	-+$143M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	NRSH FAD	+31.67%+22.75%	+23.29%+18.16%	n/a+19.18%	n/a+21.10%
Max drawdown	NRSH FAD	-9.77%-10.12%	-10.91%-10.70%	n/a-23.51%	n/a-31.99%
Max drawdown duration	NRSH FAD	44d43d	71d81d	n/a230d	n/a967d

Trading data

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	NRSH	FAD
Last sale 4/30/2026 at 7:49 PM	$29.69	$178.24
Previous close 04/29/2026	$28.56	$177.89
Consolidated volume 04/29/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of April 30, 2026

1-year trailing difference

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

Main metrics

Last update 4/30/2026 at 7:49 PM

Live

Closed

	NRSH	FAD
Last price	$29.69	$178.24
1D performance	+3.96%	+0.20%
AuM	$27.54 M	$480.20 M
E/R	0.76%	0.63%

Characteristics

	NRSH	FAD
Management strategy	Passive	Passive
Provider	AZTLAN Equity Management	First Trust
Benchmark	Aztlan North America Nearshoring Index	NASDAQ AlphaDEX Multi Cap Growth Index
N° of holdings	29	608
Asset class	Equities	Equities
Trailing 12m distribution yield	Join	Join
Inception date	November 29, 2023	May 8, 2007
ESG	No	No

More NRSH data on Trackinsight

More FAD data on Trackinsight

Exposure

Countries

NRSH

USA

85.75%

Canada

10.35%

Other

3.9%

FAD

USA

94.88%

Other

5.12%

Sectors

NRSH

Industrials

53.56%

Information Techn.

25.99%

Other

20.45%

FAD

Industrials

22.34%

Information Techn.

16.57%

Health Care

13.9%

Consumer Discreti.

11.83%

Financials

10.09%

Other

25.27%

Diversification

NRSH

Total weight of top 15 holdings out of 15

52.22%

FAD

Total weight of top 15 holdings out of 15

9.04%

Top 15 holdings

Data as of March 31, 2026

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%

MULLEN GROUP

3.49%

JB HUNT TRANSPORT SERVICES

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%

FAD

VERTIV HOLDINGS

0.73%

MICHAEL STORES

0.70%

SEAGATE TECHNOLOGY HOLDINGS PLC

0.70%

COMFORT SYSTEMS USA

0.69%

US36828A1016

0.62%

US19247G1076

0.61%

QUANTA SERVICES

0.60%

US5128073062

0.59%

KYG3730V1059

0.58%

CATERPILLAR

0.58%

EMCOR GROUP

0.56%

WOODWARD

0.56%

NEWMONT CORP

0.52%

TAPESTRY INC

0.51%

API GROUP CORP

0.49%

Frequently asked questions about NRSH and FAD

How have the NRSH and FAD ETFs performed in 2026?

As of April 30, 2026, NRSH is up 29.12% year-to-date (YTD), while FAD has returned 9.95%. That puts NRSH better performer ahead so far this year.

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

Year-to-date, the NRSH ETF saw +$2M in flows, compared to +$69M for FAD.

Which ETF is more volatile: NRSH or FAD?

Over the past year, NRSH had a volatility of 23.29%, while FAD experienced 18.16%.

Which ETF is bigger: NRSH or FAD?

As of April 30, 2026, NRSH holds $27.54 M in assets under management (AUM), while FAD manages $480.20 M.

What sectors do the NRSH and FAD ETFs invest in?

NRSH leans toward sectors like Industrials and Information Technology. Meanwhile, FAD focuses on Industrials, Information Technology and Health Care.

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

NRSH top holdings include CIENA, MICHAEL STORES and RYERSON HOLDING. FAD holds in its top three: VERTIV HOLDINGS, MICHAEL STORES and SEAGATE TECHNOLOGY HOLDINGS PLC.

Which ETF is more diversified: NRSH or FAD?

NRSH holds 30 securities with 52.22% of its assets in the top 15. FAD has 672 securities and a top 15 weight of 9.04%.

There's an ETF for That? Reshoring and Nearshoring

August 20, 2024

NRSH

NRSHvsFADETF Comparison

Aztlan North America Nearshoring Stock Selection ETF

First Trust Multi Cap Growth AlphaDEX Fund ETF

NRSH vs FAD 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 NRSH and FAD ETFs performed in 2026?

As of April 30, 2026, NRSH is up 29.12% year-to-date (YTD), while FAD has returned 9.95%. That puts NRSH better performer ahead so far this year.

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

Year-to-date, the NRSH ETF saw +$2M in flows, compared to +$69M for FAD.

Which ETF is more volatile: NRSH or FAD?

Over the past year, NRSH had a volatility of 23.29%, while FAD experienced 18.16%.

Which ETF is bigger: NRSH or FAD?

As of April 30, 2026, NRSH holds $27.54 M in assets under management (AUM), while FAD manages $480.20 M.

What sectors do the NRSH and FAD ETFs invest in?

NRSH leans toward sectors like Industrials and Information Technology. Meanwhile, FAD focuses on Industrials, Information Technology and Health Care.

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

NRSH top holdings include CIENA, MICHAEL STORES and RYERSON HOLDING. FAD holds in its top three: VERTIV HOLDINGS, MICHAEL STORES and SEAGATE TECHNOLOGY HOLDINGS PLC.

Which ETF is more diversified: NRSH or FAD?

NRSH holds 30 securities with 52.22% of its assets in the top 15. FAD has 672 securities and a top 15 weight of 9.04%.

There's an ETF for That? Reshoring and Nearshoring

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