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TMATvsNRSHETF Comparison

ETF 1

TMAT

Main Thematic Innovation ETF

This fund is part of

Multiple Trends

+2.51%

Full TMAT fund page

VS

ETF 2

NRSH

Aztlan North America Nearshoring Stock Selection ETF

This fund is part of

Uncategorized Equities

+2.63%

Full NRSH fund page

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 Information Technology, Industrials and Materials. In contrast, NRSH's top sector exposures are Industrials, Information Technology and Materials. TMAT is more expensive with a Total Expense Ratio (TER) of 0.85%, versus 0.76% for NRSH. TMAT is up 21.3% year-to-date (YTD) with +$8M in YTD flows. NRSH performs better with 46.96% 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

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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 06/15/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	TMAT NRSH	+9.31%+8.94%	+26.83%+37.98%	+21.30%+46.96%	+36.76%+56.25%	+101.24%n/a	+30.02%n/a
Flows	TMAT NRSH	+$1M-$829K	+$5M+$3M	+$8M+$3M	+$22M+$10M	+$32M-	+$86M-

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	TMAT NRSH	+31.27%+34.25%	+25.79%+25.74%	+28.45%n/a	+30.83%n/a
Max drawdown	TMAT NRSH	-10.63%-7.85%	-21.62%-10.91%	-33.46%n/a	-52.06%n/a
Max drawdown duration	TMAT NRSH	13d12d	224d71d	129dn/a	1478dn/a

Trading data

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	TMAT	NRSH
Last sale 6/15/2026 at 7:50 PM	$30.29	$33.50
Previous close 06/15/2026	$29.44	$33.50
Consolidated volume 06/15/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of May 29, 2026

1-year trailing difference

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TMAT

is actively managed and doesn’t replicate an index

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

Main metrics

Last update 6/15/2026 at 7:50 PM

Live

Closed

	TMAT	NRSH
Last price	$30.29	$33.50
1D performance	+2.87%	-0.00%
AuM	$245.73 M	$32.19 M
E/R	0.85%	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	78	29
Asset class	-	Equities
Trailing 12m distribution yield	Join	Join
Inception date	January 29, 2021	November 29, 2023
ESG	No	No

More TMAT data on Trackinsight

More NRSH data on Trackinsight

Exposure

Countries

TMAT

USA

85.46%

Other

14.54%

NRSH

USA

83.45%

Canada

11.61%

Other

4.94%

Sectors

TMAT

Information Techn.

44.81%

Industrials

23.63%

Materials

7.16%

Other

24.41%

NRSH

Industrials

51.73%

Information Techn.

26.54%

Other

21.73%

Diversification

TMAT

Total weight of top 15 holdings out of 15

32.33%

NRSH

Total weight of top 15 holdings out of 15

55.23%

Top 15 holdings

Data as of April 30, 2026

TMAT

VICOR

2.82%

MICRON TECHNOLOGY

2.80%

PALO ALTO NETWORKS

2.63%

CLEAR SECURE

2.55%

LUMENTUM HOLDINGS

2.47%

CIENA

2.40%

KEYSIGHT TECHNOLOGIES

2.19%

ADVANCED ENERGY INDUSTRIES

1.87%

MODINE MNFC CO

1.85%

BENTLEY SYSTEMS

1.85%

AAON

1.82%

CROWDSTRIKE HOLDINGS INC

1.78%

VERTIV HOLDINGS

1.78%

TERADYNE

1.78%

AUTODESK

1.74%

NRSH

CA15101Q2071

4.42%

CIENA

4.13%

SANMINA CORP

4.11%

MICROCHIP TECHNOLOGY

3.82%

TFI INTERNATIONAL INC

3.71%

MICHAEL STORES

3.64%

MYR GROUP

3.63%

BROADCOM LIMITED

3.55%

DXP ENTERPRISES

3.52%

ANALOG DEVICES

3.50%

MULLEN GROUP

3.48%

STERLING INFRASTRUCTURE INC

3.47%

RYERSON HOLDING

3.46%

JB HUNT TRANSPORT SERVICES

3.41%

API GROUP CORP

3.38%

Frequently asked questions about TMAT and NRSH

How have the TMAT and NRSH ETFs performed in 2026?

As of June 15, 2026, TMAT is up 21.3% year-to-date (YTD), while NRSH has returned 46.96%. 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 +$8M in flows, compared to +$3M for NRSH.

Which ETF is more volatile: TMAT or NRSH?

Over the past year, TMAT had a volatility of 25.79%, while NRSH experienced 25.74%.

Which ETF is bigger: TMAT or NRSH?

As of June 15, 2026, TMAT holds $245.73 M in assets under management (AUM), while NRSH manages $32.19 M.

What sectors do the TMAT and NRSH ETFs invest in?

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

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

TMAT top holdings include VICOR, MICRON TECHNOLOGY and PALO ALTO NETWORKS. NRSH holds in its top three: CA15101Q2071, CIENA and SANMINA CORP.

Which ETF is more diversified: TMAT or NRSH?

TMAT holds 80 securities with 32.33% of its assets in the top 15. NRSH has 30 securities and a top 15 weight of 55.23%.

There's an ETF for That? Reshoring and Nearshoring

August 20, 2024

NRSH

Biggest potential ETF theme - Innovation

October 13, 2022

TMAT

TMATvsNRSHETF Comparison

Main Thematic Innovation ETF

Aztlan North America Nearshoring Stock Selection ETF

TMAT 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 TMAT and NRSH ETFs performed in 2026?

As of June 15, 2026, TMAT is up 21.3% year-to-date (YTD), while NRSH has returned 46.96%. 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 +$8M in flows, compared to +$3M for NRSH.

Which ETF is more volatile: TMAT or NRSH?

Over the past year, TMAT had a volatility of 25.79%, while NRSH experienced 25.74%.

Which ETF is bigger: TMAT or NRSH?

As of June 15, 2026, TMAT holds $245.73 M in assets under management (AUM), while NRSH manages $32.19 M.

What sectors do the TMAT and NRSH ETFs invest in?

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

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

TMAT top holdings include VICOR, MICRON TECHNOLOGY and PALO ALTO NETWORKS. NRSH holds in its top three: CA15101Q2071, CIENA and SANMINA CORP.

Which ETF is more diversified: TMAT or NRSH?

TMAT holds 80 securities with 32.33% of its assets in the top 15. NRSH has 30 securities and a top 15 weight of 55.23%.

There's an ETF for That? Reshoring and Nearshoring

Biggest potential ETF theme - Innovation

Active Trader Report: Use of Leveraged & Inverse ETFs Way Up