TMATvsNRSHETF Comparison
VS
ETF 2
NRSH
Aztlan North America Nearshoring Stock Selection ETF
This fund is part of
Uncategorized Equities
+2.21%
Main Thematic Innovation ETF (TMAT) belongs to the Multiple Trends segment. Aztlan North America Nearshoring Stock Selection ETF (NRSH) is part of the Uncategorized Equities segment. TMAT's top 3 sector exposures are Technology, Industrials and Non-Energy Materials. In contrast, NRSH's top sector exposures are Technology, Industrials and Finance. TMAT is more expensive with a Total Expense Ratio (TER) of 0.82%, versus 0.76% for NRSH. TMAT is up 10.45% year-to-date (YTD) with +$21M in YTD flows. NRSH performs better with 33.94% YTD performance, and +$3M in YTD flows. Run a side-by-side ETF comparison of TMAT 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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TMAT vs NRSH performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/30/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TMAT NRSH | -12.11%-10.07% | +4.47%+3.73% | +10.45%+33.94% | +12.09%+44.32% | +69.93%n/a | +21.14%n/a |
| Flows | TMAT NRSH | +$12M- | +$17M+$1M | +$21M+$3M | +$32M+$11M | +$43M- | +$95M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TMAT NRSH | +34.95%+34.16% | +27.67%+27.58% | +28.82%n/a | +31.16%n/a |
| Max drawdown | TMAT NRSH | -15.71%-13.93% | -21.62%-13.93% | -33.46%n/a | -51.77%n/a |
| Max drawdown duration | TMAT NRSH | 30d30d | 224d30d | 129dn/a | 1338dn/a |
Trading data
TMAT | NRSH | |
Last sale 7/31/2026 at 1:30 PM | $27.70 | $30.84 |
| Previous close 07/30/2026 | $27.60 | $30.89 |
| Consolidated volume 07/30/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of June 30, 2026
1-year trailing difference
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TMAT
is actively managed and doesn’t replicate an indexTMAT | NRSH | |
|---|---|---|
| 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
TMAT | NRSH | |
|---|---|---|
| Last price | $27.70 | $30.84 |
| 1D performance | +0.37% | -0.16% |
| AuM | $236.72 M | $30.11 M |
| E/R | 0.82% | 0.76% |
Characteristics
TMAT | NRSH | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Main Management ETF Advisors | AZTLAN Equity Management |
| Benchmark | - | Aztlan North America Nearshoring Index |
| N° of holdings | 88 | 30 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | January 29, 2021 | November 29, 2023 |
| ESG | No | No |
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Exposure
Countries
TMAT
USA
91.03%
Other
8.97%
NRSH
USA
86.68%
Canada
9.07%
Other
4.25%
Sectors
TMAT
Technology
53.62%
Industrials
22.77%
Non-Energy Materi.
11.09%
Healthcare
9.27%
Other
3.26%
NRSH
Technology
49.32%
Industrials
44.04%
Other
6.64%
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Diversification
TMAT
Total weight of top 15 holdings out of 15
37.35%
NRSH
Total weight of top 15 holdings out of 15
53.57%
Top 15 holdings
Data as of June 30, 2026
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%
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%
Frequently asked questions about TMAT and NRSH
How have the TMAT and NRSH ETFs performed in 2026?
As of July 30, 2026, TMAT is up 10.45% year-to-date (YTD), while NRSH has returned 33.94%. That puts NRSH better performer ahead so far this year.
Which ETF is attracting more investor money: TMAT or NRSH?
Year-to-date, the TMAT ETF saw +$21M in flows, compared to +$3M for NRSH.
Which ETF is more volatile: TMAT or NRSH?
Over the past year, TMAT had a volatility of 27.67%, while NRSH experienced 27.58%.
Which ETF is bigger: TMAT or NRSH?
As of July 30, 2026, TMAT holds $236.72 M in assets under management (AUM), while NRSH manages $30.11 M.
What sectors do the TMAT and NRSH ETFs invest in?
TMAT leans toward sectors like Technology, Industrials and Non-Energy Materials. Meanwhile, NRSH focuses on Technology and Industrials.
What are the top holdings of the TMAT ETF and NRSH ETF?
TMAT top holdings include Micron Technology, Inc., Palo Alto Networks, Inc. and Vicor Corp.. NRSH holds in its top three: Argan, Inc., Micron Technology, Inc. and Tenable Holdings, Inc..
Which ETF is more diversified: TMAT or NRSH?
TMAT holds 88 securities with 37.35% of its assets in the top 15. NRSH has 30 securities and a top 15 weight of 53.57%.
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Latest news about TMAT & NRSH
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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