Data as of .
KMCA vs NRSH: which is really different?
KMCA and NRSH hold 0% of their weight in the same names.
ETFIQ Off-Index Score: KMCA scores higher
How much of it is not the index it is sold as an alternative to?
A percentile among the 379 thematic ETFs with a holdings filing. It is a position in a set, not a rating, and neither end of it is a recommendation. All thematic ETFs ranked by it · How it is computed
0% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, KMCA and NRSH hold 0% of their money in the same securities at the same weight.
| Only in KMCA | Only in NRSH |
|---|---|
| SAMSUNG ELECTRO MECHANICS 15.17% | Sanmina Corp 4.74% |
| SK HYNIX INC 12.17% | Ciena Corp 4.26% |
| SAMSUNG ELECTRONICS CO LTD 8.01% | Celestica Inc 4.23% |
| DAEDUCK ELECTRONICS CO LTD 6.62% | MYR Group Inc 4.22% |
| ISUPETASYS COMPANY LTD 3.80% | Microchip Technology Inc 4.09% |
| SAMSUNG SDI COMPANY LTD 3.72% | TFI International Inc 3.82% |
| HANMI SEMICONDUCTOR COMPANY LTD 3.25% | MasTec Inc 3.70% |
| RAINBOW ROBOTICS INC 2.80% | Ryerson Holding Corp 3.60% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Apr 30, 2026 and May 31, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| KMCA | NRSH | KMCA | NRSH | KMCA | NRSH | |
| 3 months | −19.3% | −10.5% | −21.5 pts | −12.7 pts | −16.8 pts | −8.0 pts |
| 6 months | not published | +25.8% | not published | +7.8 pts | not published | +1.5 pts |
| 1 year | not published | +29.8% | not published | +13.2 pts | not published | +8.0 pts |
| Since launch | −12.4% | +50.3% | −17.0 pts | −22.7 pts | −16.3 pts | −38.2 pts |
| KMCA PLUS Korea Manufacturing Core Alliance Index ETF Holds 35 stocks in reshoring and manufacturing, 0% of its weight in S&P 500 companies | NRSH Aztlan North America Nearshoring Stock Selection ETF Holds 30 stocks in reshoring and manufacturing, 39% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | PLUS | Aztlan |
| Theme | Reshoring and manufacturing | Reshoring and manufacturing |
| In the S&P 500 | 0.0% | 39.1% |
| Active share vs the S&P 500 | 100.0% | 92.6% |
| In the Nasdaq-100 | 0.0% | 20.3% |
| Holdings | 35 | 30 |
| Top ten, share of the fund | 60.8% | 39.8% |
| Expense ratio | 0.65% | 0.76% |
| Fee for the differing part | 0.65% | 0.82% |
| Total return, 1 year | −12.4% (since launch on May 7, 2026) | +29.8% |
| vs the S&P 500 | −17.0 pts | +13.2 pts |
| vs the Nasdaq-100 | −16.3 pts | +8.0 pts |
| Below its high | −20.2% | −12.3% |
| Net assets | $3m | $28m |
KMCA in plain words
By weight, 0% of KMCA's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 100%. The top ten holdings are 61% of the fund across 35 positions, as filed for May 31, 2026. Since it launched on May 7, 2026 the fund returned −12.4% with distributions reinvested against +4.6% for the S&P 500, so a holder was behind by 17.0 pts. It sits 20.2% below its all-time high of Jun 1, 2026.
NRSH in plain words
By weight, 39% of NRSH's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 93%. The top ten holdings are 40% of the fund across 30 positions, as filed for Apr 30, 2026. Over the year to Sep 18, 2026 the fund returned +29.8% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 13.2 pts. It sits 12.3% below its all-time high of Jun 30, 2026.
Questions people ask
- Do KMCA and NRSH hold the same stocks?
- By their latest filings, 0% of their books are the same securities at the same weight, which is mostly different names. Overlap is the sum of the smaller weight of every security they share.
- Which is more different from the S&P 500, KMCA or NRSH?
- KMCA has 0% of its weight in S&P 500 names and NRSH has 39%, so KMCA differs more from the index.
- Which is cheaper, KMCA or NRSH?
- KMCA charges 0.65% a year and NRSH charges 0.76%, so KMCA is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, KMCA against NRSH, data as of Sep 18, 2026. https://etfiq.com/compare/themes/kmca-vs-nrsh Free to use with attribution; the underlying files are at Open data.