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Data as of Nov 4, 2026.

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Thematic ETFs

NRSH vs PEXL: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, NRSH returned +19.1% to PEXL's +22.3%; 7% of their weight is in the same names.

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Net assets: $30m on Jul 31, 2026 for Aztlan North America Nearshoring Stock Selection ETF, and $52m on Nov 3, 2026 for Pacer US Export Leaders ETF.

NRSH on its own →PEXL on its own →
At a glance
55.4%
NRSH in the S&P 500
97.7%
PEXL in the S&P 500
+19.1%
NRSH total return, 1 year
+22.3%
PEXL total return, 1 year
NRSH · 1 year to Nov 4, 2026 45% of its weight is outside the S&P 500
45% of its weight is outside the S&P 50055% of NRSH's weight is in S&P 500 companies and 45% is outside the index. Holdings as of Jul 31, 2026.55%45%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 89% · top ten 39% of the fund · 31 holdings as filed for Jul 31, 2026 · Nasdaq-100: 28% in45% of its weight is outside the S&P 50055% of NRSH's weight is in S&P 500 companies and 45% is outside the index. Holdings as of Jul 31, 2026.55%45%in the S&P 500outsideactive share 89% · Nasdaq-100: 28% in

55% of NRSH's weight is in S&P 500 companies and 45% is outside the index. Holdings as of Jul 31, 2026.

PEXL · 1 year to Nov 4, 2026 2% of its weight is outside the S&P 500
2% of its weight is outside the S&P 50098% of PEXL's weight is in S&P 500 companies and 2% is outside the index. Holdings as of Jul 31, 2026.98%2%of its weight in S&P 500 companies2% of its weight outside the S&P 500active share 67% · top ten 45% of the fund · 100 holdings as filed for Jul 31, 2026 · Nasdaq-100: 63% in2% of its weight is outside the S&P 50098% of PEXL's weight is in S&P 500 companies and 2% is outside the index. Holdings as of Jul 31, 2026.98%2%of its weight in S&P 500 companies2% of its weight outside the S&P 500active share 67% · Nasdaq-100: 63% in

98% of PEXL's weight is in S&P 500 companies and 2% is outside the index. Holdings as of Jul 31, 2026.

Pair scorecard

PEXL costs 0.27 points a year less; their one-year returns differ by 3.2 points.

Points (pts) are percentage points.

NRSH vs PEXL: Holdings Overlap & Returns
MeasureNRSHPEXL
Return
Total return, 1 year+19.1%+22.3%
Drawdown
Below its all-time high17.1%, high on Jun 30, 20266.7%, high on Jun 30, 2026
Against its benchmark
What it tracksReshoring and manufacturingReshoring and manufacturing
Against the S&P 500, 1 yearahead by 4.3 ptsahead by 7.5 pts
Its benchmark, total return, 1 year+14.8%+14.8%
Against its benchmark, 1 yearahead by 4.3 ptsahead by 7.5 pts
Cost and size
Expense ratio0.76%0.49%
Net assets, NRSH as of Jul 31, 2026 and PEXL as of Nov 3, 2026$30m$52m
Holdings
Holdings in common7%
Top ten holdings, share of the fund39%44%
ETFIQ S&P 500 Difference Score · NRSH scores higher How much of its weight does it not share with the S&P 500?
IQ Themes Score57.5NRSH11PEXL

How different its holdings are from the S&P 500, ranked against 114 thematic ETFs with at least half their money in S&P 500 companies. 100 is best. How it is computed

0.4, the lowest in this set 99.6, the highest

Weight not shared with the S&P 500 only; it says nothing about returns, fees or whether the theme pays off. All thematic ETFs ranked by it →

Method

What they share

7%

By the books each fund has filed, NRSH and PEXL hold 7% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026.

0 half 100%

half

7% in common

Positions both hold · largest shared weight first NRSH PEXL
Broadcom Inc 3.70% 5.29%
Lam Research Corp 2.90% 3.01%
NetApp Inc 4.01% 0.28%
ON Semiconductor Corp 2.54% 0.26%
Only in one fund ↓
Only in NRSH
Tenable Holdings Inc 4.42%
Mullen Group Ltd 4.33%
Intuit Inc 4.14%
Crowdstrike Holdings Inc 4.06%
GRUPO AEROPORTUARIO DEL CENTRO SAB DE CV 3.80%
Rockwell Automation Inc 3.79%
NetScout Systems Inc 3.56%
NVIDIA Corp 3.55%
Only in PEXL
Microsoft Corp 6.18%
Apple Inc 5.51%
Alphabet Inc 5.14%
Meta Platforms Inc 5.10%
Advanced Micro Devices Inc 4.83%
Applied Materials Inc 3.31%
Coca-Cola Co 3.09%
General Electric Co 3.08%
Check overlap with more funds →

Window by window

Window by window: NRSH vs PEXL: Holdings Overlap & Returns
Total returnvs its benchmark
WindowNRSHPEXLNRSHPEXL
3 months−11.5%−2.9%−11.4 pts vs VOO−2.8 pts vs VOO
6 months−11.6%+1.1%−16.6 pts vs VOO−3.9 pts vs VOO
1 year+19.1%+22.3%+4.3 pts vs VOO+7.5 pts vs VOO
3 years–+76.6%–−6.7 pts vs VOO
Since launchNot the same days: NRSH Nov 2023 · PEXL Jul 2018+42.0%+191.7%−32.6 pts vs VOO−18.1 pts vs VOO

– means no data for this window. Open this comparison in the app →

Side by side

NRSH Aztlan North America Nearshoring Stock Selection ETF · Holds 31 stocks in reshoring and manufacturing, 55% of its weight in S&P 500 companies PEXL Pacer US Export Leaders ETF · Holds 100 stocks in reshoring and manufacturing, 98% of its weight in S&P 500 companies
Issuer Aztlan Pacer
Theme Reshoring and manufacturing Reshoring and manufacturing
In the S&P 500 55.4% 97.7%
Active share vs the S&P 500 88.6% 67.1%
In the Nasdaq-100 28.3% 63.3%
Holdings 31 100
Top ten, share of the fund 39.4% 44.5%
Expense ratio 0.76% 0.49%
Fee for the differing part 0.86% 0.73%
Total return, 1 year +19.1% +22.3%
vs its benchmark +4.3 pts vs VOO +7.5 pts vs VOO
Below its high −17.1% −6.7%
Net assets, NRSH as of Jul 31, 2026 and PEXL as of Nov 3, 2026 $30m $52m

As of Nov 4, 2026. Source: ETFIQ.

7% of the two portfolios are the same securities at the same weight.

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About each fund
NRSH

By weight, 55% of NRSH's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 89%. The top ten holdings are 39% of the fund across 31 positions, as filed for Jul 31, 2026. Over the year to Nov 4, 2026 the fund returned +19.1% with distributions reinvested against +14.8% for its benchmark, the S&P 500 Total Return Index, so a holder was ahead by 4.3 pts. It sits 17.1% below its all-time high of Jun 30, 2026.

PEXL

By weight, 98% of PEXL's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 67%. The top ten holdings are 44% of the fund across 100 positions, as filed for Jul 31, 2026. Over the year to Nov 4, 2026 the fund returned +22.3% with distributions reinvested against +14.8% for its benchmark, the S&P 500 Index, so a holder was ahead by 7.5 pts. It sits 6.7% below its all-time high of Jun 30, 2026.

Questions people ask

Do NRSH and PEXL hold the same stocks?
By their latest filings, 7% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.
Which is more different from the S&P 500, NRSH or PEXL?
NRSH has 55% of its weight in S&P 500 names and PEXL has 98%, so NRSH differs more from the index.
Which is cheaper, NRSH or PEXL?
NRSH charges 0.76% a year and PEXL charges 0.49%, so PEXL is cheaper. Fees come from each fund's prospectus.
Other comparisons
NRSH vs WELDNRSH vs PIELNRSH vs SUPPNRSH vs KMCAPEXL vs SUPPPEXL vs WELDPEXL vs PIELPEXL vs KMCA
Where to next
NRSH on its own →PEXL on its own →NRSH dividend history →NRSH holdings →PEXL dividend history →PEXL holdings →Method →Standards and sources →
Sources and dates
NRSH filings on SEC EDGAR ↗
NRSH prospectus with the expense ratio (SEC) ↗
Aztlan website ↗
PEXL filings on SEC EDGAR ↗
PEXL prospectus with the expense ratio (SEC) ↗
Pacer website ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

It is a place in a set, not a rating or a recommendation.

Overlap adds up the smaller of the two weights for each security both funds hold.

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, NRSH against PEXL, data as of Nov 4, 2026. https://etfiq.com/compare/themes/nrsh-vs-pexl

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.