{"url":"https://etfiq.com/compare/themes/airr-vs-nrsh","section":"compare","title":"AIRR vs NRSH: Holdings Overlap & Returns | ETFIQ","description":"Over the year to Nov 4, 2026, AIRR returned \u22120.7% to NRSH's +19.1%; 8% of their weight is in the same names. Returns and overlap to Nov 4, 2026.","as_of":"Nov 4, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Do AIRR and NRSH hold the same stocks?","acceptedAnswer":{"@type":"Answer","text":"By their latest filings, 8% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share."}},{"@type":"Question","name":"Which is more different from the S&P 500, AIRR or NRSH?","acceptedAnswer":{"@type":"Answer","text":"AIRR has 15% of its weight in S&P 500 names and NRSH has 55%, so AIRR differs more from the index."}},{"@type":"Question","name":"Which is cheaper, AIRR or NRSH?","acceptedAnswer":{"@type":"Answer","text":"AIRR charges 0.69% a year and NRSH charges 0.76%, so AIRR is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Thematic ETFs","item":"https://etfiq.com/themes/"},{"@type":"ListItem","position":3,"name":"Compare ETFs","item":"https://etfiq.com/compare/"},{"@type":"ListItem","position":4,"name":"AIRR vs NRSH","item":"https://etfiq.com/compare/themes/airr-vs-nrsh"}]},{"@type":"WebPage","name":"AIRR vs NRSH: Holdings Overlap & Returns","description":"Over the year to Nov 4, 2026, AIRR returned \u22120.7% to NRSH's +19.1%; 8% of their weight is in the same names. Returns and overlap to Nov 4, 2026.","url":"https://etfiq.com/compare/themes/airr-vs-nrsh","dateModified":"2026-11-04","abstract":"Over the year to Nov 4, 2026, AIRR returned \u22120.7% to NRSH's +19.1%; 8% of their weight is in the same names.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of AIRR and NRSH","description":"Over the year to Nov 4, 2026, AIRR returned \u22120.7% to NRSH's +19.1%; 8% of their weight is in the same names. Returns and overlap to Nov 4, 2026.","dateModified":"2026-11-04","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/themes/airr-vs-nrsh","license":"https://etfiq.com/license/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/thematic.json"}],"variableMeasured":["Weight overlap with the S&P 500","Active share","Holdings","Top ten share of the fund","Total return","Fee for the differing part","Expense ratio"],"keywords":["exchange-traded funds","ETF","Thematic ETFs","fund data","SEC filings"]}],"characters":7243,"truncated":true,"content":"ETFIQ / Thematic ETFs / Compare ETFs / AIRR vs NRSH \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Nov 4, 2026 .\n\n AIRR vs NRSH: Holdings Overlap & Returns\n\n Over the year to Nov 4, 2026, AIRR returned \u22120.7% to NRSH's +19.1%; 8% of their weight is in the same names.\n Copy this for sharing \n \n AIRR costs 0.07 points a year less; their one-year returns differ by 19.8 points.\n AIRR and NRSH at a glance. As of Nov 4, 2026. Source: ETFIQ. AIRR NRSH \n Expense ratio 0.69% 0.76% \n Net assets, AIRR as of Nov 3, 2026 and NRSH as of Jul 31, 2026 $8.6bn $30m \n Total return, 1 year \u22120.7% +19.1% \n W","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","license_text":"Data ETFIQ computes is free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.","citation":"ETFIQ, AIRR against NRSH, data as of Nov 4, 2026. https://etfiq.com/compare/themes/airr-vs-nrsh","a":{"ticker":"AIRR","name":"First Trust RBA American Industrial Renaissance ETF","issuer":"First Trust","desk":"themes","as_of":"2026-11-04","verdict":"Over the year to Nov 4, 2026, AIRR lost 0.7%, against 14.8% for VOO.","url":"https://etfiq.com/funds/airr","key_facts":[{"label":"Already in the S&P 500","value":"14.7%","as_of":"2026-11-03","source":"the issuer\u2019s daily holdings file"},{"label":"Active share vs the S&P 500","value":"99.8%","as_of":"2026-11-03","source":"ETFIQ"},{"label":"Top ten holdings","value":"33.5%","as_of":"2026-11-03","source":"the issuer\u2019s daily holdings file"},{"label":"Total return, 1 year","value":"\u22120.7%","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"12-month yield, capital gains included, on its starting price","value":"0.1%","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices and distributions"},{"label":"Last payment (paid quarterly), ex-date Mar 26, 2026","value":"$0.0668","as_of":"2026-03-26","source":"Tiingo end-of-day distributions"},{"label":"Net assets","value":"$8.6bn","as_of":"2026-11-03","source":"issuer page, as of Nov 3, 2026"},{"label":"Expense ratio","value":"0.69%","as_of":"2026-01-28","source":"485BPOS XBRL, Jan 28, 2026"}]},"b":{"ticker":"NRSH","name":"Aztlan North America Nearshoring Stock Selection ETF","issuer":"Aztlan","desk":"themes","as_of":"2026-11-04","verdict":"Over the year to Nov 4, 2026, NRSH returned 19.1%, against 14.8% for VOO.","url":"https://etfiq.com/funds/nrsh","key_facts":[{"label":"Already in the S&P 500","value":"55.4%","as_of":"2026-07-31","source":"its SEC filing (Form N-PORT)"},{"label":"Active share vs the S&P 500","value":"88.6%","as_of":"2026-07-31","source":"ETFIQ"},{"label":"Top ten holdings","value":"39.4%","as_of":"2026-07-31","source":"its SEC filing (Form N-PORT)"},{"label":"Total return, 1 year","value":"+19.1%","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"12-month yield, capital gains included, on its starting price","value":"0.4%","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices and distributions"},{"label":"Last payment (paid annually), ex-date Dec 24, 2025","value":"$0.0959","as_of":"2025-12-24","source":"Tiingo end-of-day distributions"},{"label":"Net assets","value":"$30m","as_of":"2026-07-31","source":"SEC filing, whole fund, as filed for Jul 31, 2026"},{"label":"Expense ratio","value":"0.76%","as_of":"2025-11-24","source":"485BPOS XBRL, Nov 24, 2025"}]},"overlap_pct":8,"full_text_at":"https://etfiq.com/compare/themes/airr-vs-nrsh"}