NRSH vs VOO
Aztlan North America Nearshoring Stock Selection ETF vs Vanguard S&P 500 ETF
Which is better, NRSH or VOO?
Each has led over a different period.
VOO has a lower expense ratio. NRSH led over 1Y, VOO over the full window. VOO is less concentrated, with 36.4% of the fund in its ten largest positions against 40.0%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | NRSH | VOO |
|---|---|---|
| Expense Ratio | 0.76% | 0.03%Best |
| AUM | $32M | $997.4B |
| Dividend Yield | 0.31% | 1.04% |
| Holdings | 33 | 509 |
| YTD Return | +26.09%Best | +11.55% |
| 1Y Return | +33.65%Best | +17.54% |
| 3Y Return (annualized) | - | +20.71% |
| 5Y Return (annualized) | - | +12.80% |
| Volatility (annualized) | 23.0% | 11.8%Best |
| Max Drawdown | -24.0% | -18.7%Best |
| $10,000 over 2.8 years | $14,901 | $17,283Best |
| Top 10 Weight | 40.0% | 36.4%Best |
| Fund Family | Aztlan Equity Management, LLC | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 29, 2023 | Sep 7, 2010 |
Volatility and max drawdown, and the $10,000 over 2.8 years row, are measured over the window both funds cover: Nov 30, 2023 to Sep 10, 2026 (2.8 years).
NRSH vs VOO growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.8 years both funds cover.
NRSH vs VOO Performance
Aztlan North America Nearshoring Stock Selection ETF (NRSH) is an ETF from Aztlan Equity Management, LLC and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year NRSH returned +33.65% while VOO returned +17.54%. Year to date, NRSH is up 26.09% versus a gain of 11.55% for VOO.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
NRSH has been the more volatile fund, with annualized monthly volatility of 23.0% compared with 11.8% for VOO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -24.0% for NRSH and -18.7% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.75. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
NRSH charges 0.76% per year while VOO charges 0.03%. On a $10,000 position that is $76 vs $3 annually, a gap of $73 per year that compounds over a long holding period. On income, NRSH currently yields 0.31% against 1.04% for VOO.
Holdings Overlap
56.7% of NRSH's money is in holdings VOO also owns. 15.3% of VOO's money is in holdings NRSH also owns.
The two portfolios partly overlap.
The two holdings books were reported 48 days apart, NRSH as of Aug 17, 2026 and VOO as of Jun 30, 2026, so some of the difference between them is the time between the two reports rather than the funds.
16 positions in common, counted across the 31 positions we hold weights for in NRSH and 505 in VOO, against full books of 33 and 509.
What only one of them owns
Our book lists 480 positions for VOO that do not appear in our book for NRSH (84.1% of the fund), and 11 for NRSH that do not appear in VOO (30.0%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in NRSH | Weight in VOO | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 3.69% | 7.51% | 3.82% |
| AVGOBroadcom Inc | 3.45% | 2.77% | 0.68% |
| MUMicron Technology, Inc. | 3.46% | 2.02% | 1.44% |
| PLTRPalantir Technologies Inc | 4.53% | 0.42% | 4.11% |
| CRWDCrowdstrike Holdings Inc. Class A | 4.21% | 0.30% | 3.91% |
| NTAPNetapp Inc. | 4.25% | 0.05% | 4.20% |
| INTUIntuit, Inc. | 4.08% | 0.11% | 3.97% |
| LRCXLam Research Corpcommon Stock | 3.15% | 0.84% | 2.31% |
| LDOSLeidos Holdings, Inc | 3.92% | 0.02% | 3.90% |
| CSCOCisco Systems Inc. - Ordinary Shares | 3.13% | 0.72% | 2.41% |
56.7% of NRSH is already inside VOO.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, NRSH or VOO?
NRSH has an expense ratio of 0.76% while VOO charges 0.03%. VOO is the cheaper option, by $73 a year on a $10,000 investment.
Which performed better, NRSH or VOO?
Over the past year NRSH returned +33.65% vs +17.54% for VOO, so NRSH leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, NRSH or VOO?
NRSH has been the more volatile fund at 23.0% annualized versus 11.8% for VOO. Worst drawdown: NRSH -24.0% vs VOO -18.7%.
Should I hold both NRSH and VOO?
NRSH and VOO have a monthly-return correlation of 0.75, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between NRSH and VOO?
56.7% of NRSH's money is in holdings VOO also owns. 15.3% of VOO's is in holdings NRSH also owns. They hold 16 positions in common, counted across the 31 positions we hold weights for in NRSH and 505 in VOO.
Which pays a higher dividend, NRSH or VOO?
NRSH yields 0.31% while VOO yields 1.04%, so VOO currently pays the higher dividend yield.
Is VOO better than NRSH?
VOO has a lower expense ratio. NRSH led over 1Y, VOO over the full window. VOO is less concentrated, with 36.4% of the fund in its ten largest positions against 40.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.