NRSH - ETF AI Analysis
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Aztlan North America Nearshoring Stock Selection ETF (NRSH)
NRSH vs. SPDR S&P 500 ETF (SPY)
- AUM
- 31.31M
- Region
- North America
- Expense Ratio
- 0.76%
- Beta
- 1.00
- Issuer
- Aztlan
- Inception Date
- Nov 29, 2023
- Dividend Yield
- 0.33%
- Asset Class
- Equity
- Index Tracked
- Aztlan North America Nearshoring Index - Benchmark Price Return
NRSH Summary
NRSH is an exchange-traded fund that follows the Aztlan North America Nearshoring Index, focusing on companies benefiting from moving manufacturing and services closer to the U.S. It mainly holds industrial and technology businesses in the U.S., Canada, and Mexico. Well-known names include CrowdStrike and NetApp, along with firms involved in infrastructure, logistics, and equipment. Someone might invest in NRSH to tap into potential growth from changing global supply chains while getting diversification across many companies. A key risk is that these stocks can rise or fall with the broader market and with trends in North American trade.
How much will it cost me?
This ETF has an annual expense ratio of 0.76%, which means you’ll pay about $7.60 per year for every $1,000 you invest. That’s higher than the average ETF because it follows a more specialized, actively managed strategy focused on nearshoring companies in North America.
What would affect this ETF?
NRSH could benefit if North American nearshoring continues to grow, boosting demand for industrial companies and technology firms like CrowdStrike and NetApp that support new local supply chains and digital infrastructure. On the downside, slower economic growth, higher interest rates that hurt capital-intensive industrial and real estate projects, or regulatory changes that make cross-border trade and infrastructure investment less attractive could weigh on the ETF’s future performance.
NRSH Top 10 Holdings
NRSH is leaning heavily into North American industrials and tech, with cybersecurity names like CrowdStrike, Qualys, and Tenable doing much of the heavy lifting as they keep rising on strong growth narratives. NetApp adds steady tech momentum, while Mullen Group and Lincoln Electric quietly support the nearshoring theme from the industrial side. On the flip side, Crown Castle is losing steam, and infrastructure and water plays like PINFRA and Zurn have been more mixed, slightly dragging on returns. Overall, it’s a North America-focused bet on the reshaping of supply chains, with a clear tilt toward tech-enabled infrastructure.
| Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
 TENB | Tenable Holdings | 5.70% | $1.78M | $5.59B | 75.94% | 61Neutral |
 QLYS | Qualys | 5.08% | $1.59M | $7.75B | 81.05% | 78Outperform |
 CRWD | CrowdStrike Holdings | 4.19% | $1.31M | $256.42B | 85.96% | 67Neutral |
 CCI | Crown Castle | 3.89% | $1.22M | $37.73B | -2.88% | 45Neutral |
 TSE:MTL | Mullen Group | 3.85% | $1.20M | CAD 2.78B | 104.33% | 74Outperform |
 LECO | Lincoln Electric Holdings | 3.72% | $1.17M | $15.00B | 17.29% | 77Outperform |
 NTAP | NetApp | 3.63% | $1.14M | $39.12B | 72.35% | 76Outperform |
 EXTR | Extreme Networks | 3.52% | $1.10M | $2.97B | 22.05% | 59Neutral |
 ROK | Rockwell Automation | 3.49% | $1.09M | $48.44B | 19.29% | 71Outperform |
 MX:PINFRA | Promotora y Operadora de Infraestructura SA | 3.48% | $1.09M | MXN 126.12B | 23.56% | ―― |
NRSH Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For NRSH, the sentiment is Negative. The current price of 29.32 is below the 20-day moving average (MA) of 30.16, below the 50-day MA of 30.33, and below the 200-day MA of 29.41, indicating a bearish trend. The MACD of -0.24 indicates Negative momentum. The RSI at 43.35 is Neutral, neither overbought nor oversold. The STOCH value of 77.40 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for NRSH.
NRSH Peer Comparison
Comparison Results
| Name | Price | Price Target | AUM | Expense Ratio | Overall Rating |
|---|---|---|---|---|---|
| NRSH | $29.32 | $32.00(9.14% Upside) | $31.31M | 0.76% | 68Neutral |
 KLMN | $31.02 | $38.11(22.86% Upside) | $2.47B | 0.09% | 74Outperform |
 FINA | $25.27 | $31.14(23.22% Upside) | $2.30B | 0.09% | 74Outperform |
 CGCV | $33.54 | $38.92(16.04% Upside) | $2.24B | 0.33% | 70Outperform |
 STNC | $37.32 | $42.63(14.24% Upside) | $93.14M | 0.85% | 68Neutral |
 CCFE | $24.88 | $32.89(32.22% Upside) | $33.03M | 0.96% | 58Neutral |
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| NRSH | Aztlan North America Nearshoring Stock Selection ETF | 29.32 | 4.74 | 19.28% | |
| KLMN | Invesco MSCI North America Climate ETF | 31.02 | 3.27 | 11.81% | |
| FINA | Fidelity MSCI North American Subset Index ETF | 25.27 | 0.21 | 0.84% | |
| CGCV | Capital Group Conservative Equity ETF | 33.54 | 4.11 | 13.97% | |
| STNC | Stance Equity ESG Large Cap Core ETF | 37.32 | 5.00 | 15.49% | |
| CCFE | Concourse Capital Focused Equity ETF | 24.88 | -1.28 | -4.90% |
This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.