NRSH - ETF AI Analysis
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Aztlan North America Nearshoring Stock Selection ETF (NRSH)
Rating:70Neutral
Price Target:―
Positive Factors
Strong Year-to-Date Performance
The ETF has delivered strong gains so far this year, indicating that its strategy has recently worked well for investors.
Leading Holdings Showing Solid Momentum
Several of the largest positions, such as CrowdStrike, Mullen Group, NetApp, and Netscout Systems, have posted strong gains, helping drive the fund’s overall results.
Focused Exposure to Nearshoring-Related Sectors
Heavy weighting in technology and industrials gives investors targeted exposure to companies that may benefit from the nearshoring trend in North America.
Negative Factors
High Expense Ratio
The fund’s expense ratio is relatively high for an ETF, which means more of the returns are used to cover fees instead of going to investors.
Concentrated Sector Exposure
With most assets in technology and industrials, the ETF is vulnerable if these sectors face a downturn at the same time.
Recent Short-Term Weakness
The ETF has experienced a recent pullback over the past month, and some key holdings like Intuit and Palantir have been weak, which could add to near-term volatility.
NRSH vs. SPDR S&P 500 ETF (SPY)
AUM32.21M
RegionNorth America
Expense Ratio0.76%
Beta0.99
IssuerAztlan
Inception DateNov 29, 2023
Dividend Yield0.32%
Asset ClassEquity
Index TrackedAztlan North America Nearshoring Index - Benchmark Price Return
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume58
30 Day Avg. Volume2,187
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
39.70Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering31
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
NRSH Summary
NRSH is the Aztlan North America Nearshoring Stock Selection ETF, which follows the Aztlan North America Nearshoring Index. It focuses on companies that benefit from moving factories and services closer to the U.S., mainly in the U.S., with some exposure to Canada and Mexico. The fund leans heavily toward technology and industrial businesses, holding well-known names like Intuit and CrowdStrike. Someone might invest in NRSH to seek growth from the long-term trend of reshoring and supply chain changes while getting a mix of different companies. A key risk is that it is heavily tilted toward tech and industrial stocks, so its price can rise and fall sharply with those sectors.
How much will it cost me?The Aztlan North America Nearshoring Stock Selection ETF (NRSH) has an expense ratio of 0.75%, which means you’ll pay $7.50 per year for every $1,000 invested. This is higher than average because the fund is actively managed, focusing on a specialized niche of companies benefiting from nearshoring trends in North America.
What would affect this ETF?The NRSH ETF could benefit from the growing trend of nearshoring in North America, as companies relocate manufacturing and services closer to the U.S., boosting demand for technology and industrial solutions. However, potential risks include economic slowdowns or unfavorable trade policies that could disrupt nearshoring efforts, as well as sector-specific challenges in technology and industrials, which make up the majority of the ETF's exposure.
NRSH Top 10 Holdings
NRSH is leaning hard into North American tech and industrial names, with cybersecurity stars like CrowdStrike and Tenable doing much of the heavy lifting as their shares keep rising. Palantir and NetApp are also pulling their weight, riding the AI and cloud wave. On the softer side, Intuit and Leidos look a bit tired this year, while Mexico-focused airport operator OMAB has been lagging and occasionally tripping up the fund. With most holdings tied to U.S. and Canadian nearshoring, this ETF is a focused bet on the region’s supply-chain reset.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| CrowdStrike Holdings | 5.30% | $1.70M | $247.14B | 95.53% | 67 Neutral | |
| Palantir Technologies | 5.11% | $1.63M | $418.95B | -0.41% | 74 Outperform | |
| Tenable Holdings | 5.09% | $1.63M | $4.01B | 18.70% | 61 Neutral | |
| NetApp | 4.44% | $1.42M | $37.61B | 55.84% | 76 Outperform | |
| Intuit | 4.31% | $1.38M | $85.02B | -53.61% | 73 Outperform | |
| Mullen Group | 4.12% | $1.32M | C$2.42B | 80.74% | 74 Outperform | |
| Leidos Holdings | 3.97% | $1.27M | $16.23B | -30.02% | 77 Outperform | |
| Nvidia | 3.91% | $1.25M | $5.15T | 24.46% | 76 Outperform | |
| Grupo Aeroportuario del Centro Norte SAB de CV | 3.57% | $1.14M | $80.01B | -10.28% | ― | |
| Micron | 3.54% | $1.13M | $1.05T | 500.69% | 79 Outperform |
NRSH Technical Analysis
Neutral
―
Price Trends
31.34
Negative
31.80
Negative
28.43
Positive
Market Momentum
-0.46
Negative
43.91
Neutral
25.35
Neutral
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For NRSH, the sentiment is Neutral. The current price of undefined is equal to the 20-day moving average (MA) of 30.41, equal to the 50-day MA of 31.34, and equal to the 200-day MA of 28.43, indicating a neutral trend. The MACD of -0.46 indicates Negative momentum. The RSI at 43.91 is Neutral, neither overbought nor oversold. The STOCH value of 25.35 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for NRSH.
NRSH Peer Comparison
Comparison Results
Performance Comparison
NRSH
Aztlan North America Nearshoring Stock Selection ETF
30.12
6.97
30.11%
KLMN
Invesco MSCI North America Climate ETF
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CGCV
Capital Group Conservative Equity ETF
―
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BAMD
Brookstone Dividend Stock ETF
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―
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STNC
Stance Equity ESG Large Cap Core ETF
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CCFE
Concourse Capital Focused Equity ETF
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Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
DisclaimerThis 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.Date of analysis: ―
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