NRSH - ETF AI Analysis
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Aztlan North America Nearshoring Stock Selection ETF (NRSH)
Rating:69Neutral
Price Target:―
Positive Factors
Strong Recent Performance
The ETF has shown strong gains so far this year and in recent months, suggesting its strategy has been working well in the current market.
Top Holdings With Solid Momentum
Many of the largest positions, including companies in technology and industrials, have delivered strong year-to-date results that support the fund’s overall performance.
Focused Nearshoring Theme
The fund targets North American companies benefiting from nearshoring trends, giving investors concentrated exposure to a specific growth theme rather than a broad market basket.
Negative Factors
High Expense Ratio
The ETF charges a relatively high fee, which can eat into long-term returns compared with lower-cost funds.
Sector Concentration Risk
Heavy exposure to industrials and technology means the fund could be hit hard if these sectors face a downturn.
Limited Geographic Diversification
With almost all assets in the U.S. and a small slice in Canada, the ETF offers little exposure to other global markets.
NRSH vs. SPDR S&P 500 ETF (SPY)
AUM31.83M
RegionNorth America
Expense Ratio0.76%
Beta0.91
IssuerAztlan
Inception DateNov 29, 2023
Dividend Yield0.29%
Asset ClassEquity
Index TrackedAztlan North America Nearshoring Index - Benchmark Price Return
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume375
30 Day Avg. Volume2,583
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
36.31Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering31
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
NRSH Summary
NRSH is an ETF that follows the Aztlan North America Nearshoring Index, focusing on companies benefiting from factories and services moving closer to the U.S. It mainly holds industrial and technology businesses in the U.S. and Canada, including well-known names like Analog Devices and Lam Research. Investors might consider NRSH if they want growth potential from the long-term trend of reshoring and supply chains shifting back to North America, while still getting a mix of different companies. A key risk is that it’s heavily tied to industrial and tech stocks, so its price can swing a lot with changes in 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 riding the nearshoring wave with a heavy tilt toward North American industrials and tech, and that combo is doing most of the heavy lifting. Sterling Infrastructure, Micron, and MYR Group are all rising, giving the fund a solid backbone as spending on factories, grids, and AI-related hardware ramps up. Ciena and Lam Research are also pulling their weight, keeping the tech engine humming. On the flip side, Microchip and Celestica look a bit tired, with more mixed or lagging signals that slightly dampen an otherwise strong, regionally focused story.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Micron | 5.70% | $1.80M | $1.11T | 807.87% | 79 Outperform | |
| Sterling Infrastructure | 5.14% | $1.62M | $26.36B | 323.17% | 71 Outperform | |
| Sanmina-Sci | 4.81% | $1.52M | $13.68B | 195.61% | 79 Outperform | |
| Lam Research | 4.17% | $1.31M | $458.72B | 316.36% | 77 Outperform | |
| MYR Group | 3.97% | $1.25M | $6.94B | 174.10% | 76 Outperform | |
| TFI International | 3.79% | $1.19M | $13.17B | 78.38% | 63 Neutral | |
| Mercury Systems | 3.73% | $1.17M | $7.22B | 134.06% | 57 Neutral | |
| Microchip | 3.66% | $1.15M | $51.63B | 47.12% | 54 Neutral | |
| Astronics | 3.62% | $1.14M | $3.38B | 119.84% | 68 Neutral | |
| Celestica | 3.55% | $1.12M | $45.20B | 214.60% | 73 Outperform |
NRSH Technical Analysis
Positive
―
Price Trends
30.63
Positive
27.81
Positive
25.62
Positive
Market Momentum
0.77
Positive
57.85
Neutral
80.04
Negative
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For NRSH, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 32.60, equal to the 50-day MA of 30.63, and equal to the 200-day MA of 25.62, indicating a bullish trend. The MACD of 0.77 indicates Positive momentum. The RSI at 57.85 is Neutral, neither overbought nor oversold. The STOCH value of 80.04 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for NRSH.
NRSH Peer Comparison
Comparison Results
Performance Comparison
NRSH
Aztlan North America Nearshoring Stock Selection ETF
33.28
11.90
55.66%
KLMN
Invesco MSCI North America Climate ETF
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―
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CGCV
Capital Group Conservative Equity ETF
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FDRS
Founder-Led ETF
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―
BAMD
Brookstone Dividend Stock 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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