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NRSHvsHVACETF 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

HVAC

AdvisorShares HVAC and Industrials ETF

This fund is part of

Uncategorized Equities

-0.83%

Full HVAC fund page

Aztlan North America Nearshoring Stock Selection ETF (NRSH) and AdvisorShares HVAC and Industrials ETF (HVAC) belong to the same industry segment: Uncategorized Equities. NRSH's top 3 sector exposures are Industrials, Information Technology and Materials. In contrast, HVAC's top sector exposures are Industrials, Information Technology and Consumer Discretionary. NRSH is less expensive with a Total Expense Ratio (TER) of 0.76%, versus 0.89% for HVAC. NRSH is up 24.36% year-to-date (YTD) with +$2M in YTD flows. HVAC performs better with 29.08% YTD performance, and +$4M in YTD flows. Run a side-by-side ETF comparison of NRSH and HVAC 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 HVAC 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 04/28/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	NRSH HVAC	+22.99%+18.35%	+10.89%+14.79%	+24.36%+29.08%	+44.92%+75.93%	n/an/a	n/an/a
Flows	NRSH HVAC	+$2M+$326K	+$2M+$4M	+$2M+$4M	+$9M+$8M	--	--

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	NRSH HVAC	+31.04%+35.04%	+22.89%+25.85%	n/an/a	n/an/a
Max drawdown	NRSH HVAC	-9.84%-14.84%	-10.91%-14.84%	n/an/a	n/an/a
Max drawdown duration	NRSH HVAC	69d44d	71d44d	n/an/a	n/an/a

Trading data

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	NRSH	HVAC
Last sale 4/28/2026 at 1:30 PM	$28.68	$39.01
Previous close 04/28/2026	$29.11	$40.03
Consolidated volume 04/28/2026
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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	NRSH	HVAC
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 4/28/2026 at 1:30 PM

Live

Closed

	NRSH	HVAC
Last price	$28.68	$39.01
1D performance	-1.48%	-2.55%
AuM	$26.53 M	$9.80 M
E/R	0.76%	0.89%

Characteristics

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

More NRSH data on Trackinsight

More HVAC data on Trackinsight

Exposure

Countries

NRSH

USA

85.75%

Canada

10.35%

Other

3.9%

HVAC

USA

90.73%

Other

9.27%

Sectors

NRSH

Industrials

53.56%

Information Techn.

25.99%

Other

20.45%

HVAC

Industrials

66.74%

Information Techn.

13.03%

Other

20.23%

Diversification

NRSH

Total weight of top 15 holdings out of 15

52.22%

HVAC

Total weight of top 15 holdings out of 15

64.51%

Top 15 holdings

Data as of March 31, 2026

NRSH

CIENA

3.72%

MICHAEL STORES

3.60%

RYERSON HOLDING

3.59%

DXP ENTERPRISES

3.55%

PROLOGIS PROPERTY MEXICO REIT

3.55%

TFI INTERNATIONAL INC

3.50%

MULLEN GROUP

3.49%

MYR GROUP

3.49%

JB HUNT TRANSPORT SERVICES

3.49%

COMMSCOPE HOLDING

3.41%

ANALOG DEVICES

3.38%

SANMINA CORP

3.38%

BWX TECHNOLOGIES INC

3.37%

CA15101Q2071

3.36%

API GROUP CORP

3.34%

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%

Frequently asked questions about NRSH and HVAC

How have the NRSH and HVAC ETFs performed in 2026?

As of April 28, 2026, NRSH is up 24.36% year-to-date (YTD), while HVAC has returned 29.08%. That puts HVAC better performer ahead so far this year.

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

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

Which ETF is more volatile: NRSH or HVAC?

Over the past year, NRSH had a volatility of 22.89%, while HVAC experienced 25.85%.

Which ETF is bigger: NRSH or HVAC?

As of April 28, 2026, NRSH holds $26.53 M in assets under management (AUM), while HVAC manages $9.80 M.

What sectors do the NRSH and HVAC ETFs invest in?

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

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

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

NRSHvsHVACETF Comparison

Aztlan North America Nearshoring Stock Selection ETF

AdvisorShares HVAC and Industrials ETF

NRSH vs HVAC 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 HVAC ETFs performed in 2026?

As of April 28, 2026, NRSH is up 24.36% year-to-date (YTD), while HVAC has returned 29.08%. That puts HVAC better performer ahead so far this year.

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

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

Which ETF is more volatile: NRSH or HVAC?

Over the past year, NRSH had a volatility of 22.89%, while HVAC experienced 25.85%.

Which ETF is bigger: NRSH or HVAC?

As of April 28, 2026, NRSH holds $26.53 M in assets under management (AUM), while HVAC manages $9.80 M.

What sectors do the NRSH and HVAC ETFs invest in?

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

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

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

Which ETF is more diversified: NRSH or HVAC?

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

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