Data as of .
NRSH vs PEXL: which is really different?
NRSH and PEXL hold 12% of their weight in the same names, and NRSH returned more over the year.
ETFIQ Off-Index Score: NRSH 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
12% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, NRSH and PEXL hold 12% of their money in the same securities at the same weight.
| Holding | NRSH | PEXL |
|---|---|---|
| Broadcom Inc | 3.53% | 5.75% |
| Lam Research Corp | 3.31% | 3.02% |
| General Electric Co | 2.64% | 2.85% |
| Analog Devices Inc | 3.58% | 1.84% |
| Microchip Technology Inc | 4.09% | 0.48% |
| Only in NRSH | Only in PEXL |
|---|---|
| Sanmina Corp 4.74% | Alphabet Inc 5.64% |
| Ciena Corp 4.26% | Advanced Micro Devices Inc 5.43% |
| Celestica Inc 4.23% | Apple Inc 4.81% |
| MYR Group Inc 4.22% | Microsoft Corp 4.56% |
| TFI International Inc 3.82% | Meta Platforms Inc 4.41% |
| MasTec Inc 3.70% | Netflix Inc 3.71% |
| Ryerson Holding Corp 3.60% | Procter & Gamble Co/The 3.21% |
| DXP Enterprises Inc/TX 3.56% | Applied Materials Inc 2.94% |
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.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| NRSH | PEXL | NRSH | PEXL | NRSH | PEXL | |
| 3 months | −10.5% | −4.7% | −12.7 pts | −6.9 pts | −8.0 pts | −2.2 pts |
| 6 months | +25.8% | +22.1% | +7.8 pts | +4.1 pts | +1.5 pts | −2.1 pts |
| 1 year | +29.8% | +25.5% | +13.2 pts | +8.9 pts | +8.0 pts | +3.7 pts |
| 3 years | not published | +71.4% | not published | −7.0 pts | not published | −26.7 pts |
| Since launch | +50.3% | +196.6% | −22.7 pts | −9.9 pts | −38.2 pts | −125.0 pts |
| NRSH Aztlan North America Nearshoring Stock Selection ETF Holds 30 stocks in reshoring and manufacturing, 39% of its weight in S&P 500 companies | PEXL Pacer US Export Leaders ETF Holds 100 stocks in reshoring and manufacturing, 97% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | Aztlan | Pacer |
| Theme | Reshoring and manufacturing | Reshoring and manufacturing |
| In the S&P 500 | 39.1% | 97.3% |
| Active share vs the S&P 500 | 92.6% | 68.8% |
| In the Nasdaq-100 | 20.3% | 63.4% |
| Holdings | 30 | 100 |
| Top ten, share of the fund | 39.8% | 43.5% |
| Expense ratio | 0.76% | 0.49% |
| Fee for the differing part | 0.82% | 0.71% |
| Total return, 1 year | +29.8% | +25.5% |
| vs the S&P 500 | +13.2 pts | +8.9 pts |
| vs the Nasdaq-100 | +8.0 pts | +3.7 pts |
| Below its high | −12.3% | −5.1% |
| Net assets | $28m | $46m |
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.
PEXL in plain words
By weight, 97% of PEXL's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 69%. The top ten holdings are 44% of the fund across 100 positions, as filed for Apr 30, 2026. Over the year to Sep 18, 2026 the fund returned +25.5% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 8.9 pts. It sits 5.1% below its all-time high of Jun 30, 2026.
Questions people ask
- Do NRSH and PEXL hold the same stocks?
- By their latest filings, 12% 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, NRSH or PEXL?
- NRSH has 39% of its weight in S&P 500 names and PEXL has 97%, 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
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, NRSH against PEXL, data as of Sep 18, 2026. https://etfiq.com/compare/themes/nrsh-vs-pexl Free to use with attribution; the underlying files are at Open data.