NRSHvsTMATETF Comparison
ETF 1
NRSH
Aztlan North America Nearshoring Stock Selection ETF
This fund is part of
Uncategorized Equities
-0.09%
VS
Aztlan North America Nearshoring Stock Selection ETF (NRSH) belongs to the Uncategorized Equities segment. Main Thematic Innovation ETF (TMAT) is part of the Multiple Trends segment. NRSH's top 3 sector exposures are Technology, Industrials and Finance. In contrast, TMAT's top sector exposures are Technology, Industrials and Non-Energy Materials. NRSH is less expensive with a Total Expense Ratio (TER) of 0.76%, versus 0.82% for TMAT. NRSH is up 33.94% year-to-date (YTD) with +$3M in YTD flows. TMAT performs worse with 10.77% YTD performance, and +$21M in YTD flows. Run a side-by-side ETF comparison of NRSH and TMAT 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 TMAT performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/30/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | NRSH TMAT | -10.07%-9.52% | +3.73%+3.59% | +33.94%+10.77% | +44.32%+12.23% | n/a+70.42% | n/a+20.85% |
| Flows | NRSH TMAT | -+$12M | +$1M+$17M | +$3M+$21M | +$11M+$32M | -+$43M | -+$95M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | NRSH TMAT | +34.16%+34.89% | +27.58%+27.67% | n/a+28.80% | n/a+31.16% |
| Max drawdown | NRSH TMAT | -13.93%-15.71% | -13.93%-21.62% | n/a-33.46% | n/a-51.77% |
| Max drawdown duration | NRSH TMAT | 30d31d | 30d224d | n/a129d | n/a1338d |
Trading data
NRSH | TMAT | |
Last sale 7/31/2026 at 1:30 PM | $30.84 | $27.70 |
| Previous close 07/31/2026 | $30.89 | $27.60 |
| Consolidated volume 07/31/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of July 30, 2026
1-year trailing difference
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TMAT
is actively managed and doesn’t replicate an indexNRSH | TMAT | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 7/31/2026 at 1:30 PM
Live
Closed
NRSH | TMAT | |
|---|---|---|
| Last price | $30.84 | $27.70 |
| 1D performance | -0.16% | +0.37% |
| AuM | $30.11 M | $237.41 M |
| E/R | 0.76% | 0.82% |
Characteristics
NRSH | TMAT | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | AZTLAN Equity Management | Main Management ETF Advisors |
| Benchmark | Aztlan North America Nearshoring Index | - |
| N° of holdings | 30 | 88 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | November 29, 2023 | January 29, 2021 |
| ESG | No | No |
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Exposure
Countries
NRSH
USA
86.68%
Canada
9.07%
Other
4.25%
TMAT
USA
91.03%
Other
8.97%
Sectors
NRSH
Technology
49.32%
Industrials
44.04%
Other
6.64%
TMAT
Technology
53.62%
Industrials
22.77%
Non-Energy Materi.
11.09%
Healthcare
9.27%
Other
3.26%
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Diversification
NRSH
Total weight of top 15 holdings out of 15
53.57%
TMAT
Total weight of top 15 holdings out of 15
37.35%
Top 15 holdings
Data as of June 30, 2026
NRSH
Argan, Inc.
4.02%
Micron Technology, Inc.
3.89%
Tenable Holdings, Inc.
3.80%
Grupo Aeroportuario del Centro Norte SAB de CV
3.75%
MasTec, Inc.
3.68%
Ciena Corp.
3.63%
MYR Group, Inc.
3.62%
Dycom Industries, Inc.
3.51%
Rockwell Automation, Inc.
3.50%
Lam Research Corp.
3.49%
CrowdStrike Holdings, Inc.
3.46%
NetScout Systems, Inc.
3.39%
Quanta Services, Inc.
3.28%
APi Group Corp.
3.28%
J.B. Hunt Transport Services, Inc.
3.27%
TMAT
Micron Technology, Inc.
5.23%
Palo Alto Networks, Inc.
4.04%
Vicor Corp.
3.51%
CrowdStrike Holdings, Inc.
2.44%
Advanced Micro Devices, Inc.
2.21%
Fortinet, Inc.
2.20%
Lumentum Holdings, Inc.
2.18%
Clear Secure, Inc.
2.16%
AAON, Inc.
2.14%
Hinge Health, Inc.
2.05%
BlackBerry Ltd.
2.01%
Keysight Technologies, Inc.
1.88%
Teradyne, Inc.
1.85%
Rubrik, Inc.
1.81%
Varonis Systems, Inc.
1.63%
Frequently asked questions about NRSH and TMAT
How have the NRSH and TMAT ETFs performed in 2026?
As of July 30, 2026, NRSH is up 33.94% year-to-date (YTD), while TMAT has returned 10.77%. That puts NRSH better performer ahead so far this year.
Which ETF is attracting more investor money: NRSH or TMAT?
Year-to-date, the NRSH ETF saw +$3M in flows, compared to +$21M for TMAT.
Which ETF is more volatile: NRSH or TMAT?
Over the past year, NRSH had a volatility of 27.58%, while TMAT experienced 27.67%.
Which ETF is bigger: NRSH or TMAT?
As of July 30, 2026, NRSH holds $30.11 M in assets under management (AUM), while TMAT manages $237.41 M.
What sectors do the NRSH and TMAT ETFs invest in?
NRSH leans toward sectors like Technology and Industrials. Meanwhile, TMAT focuses on Technology, Industrials and Non-Energy Materials.
What are the top holdings of the NRSH ETF and TMAT ETF?
NRSH top holdings include Argan, Inc., Micron Technology, Inc. and Tenable Holdings, Inc.. TMAT holds in its top three: Micron Technology, Inc., Palo Alto Networks, Inc. and Vicor Corp..
Which ETF is more diversified: NRSH or TMAT?
NRSH holds 30 securities with 53.57% of its assets in the top 15. TMAT has 88 securities and a top 15 weight of 37.35%.
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Latest news about NRSH & TMAT
There's an ETF for That? Reshoring and Nearshoring
August 20, 2024
NRSH
Biggest potential ETF theme - Innovation
October 13, 2022
TMAT
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