Data as of Nov 4, 2026.
NRSH vs PIEL: Holdings Overlap & Returns
NRSH and PIEL hold 0% of their weight in the same names.
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Net assets: $30m on Jul 31, 2026 for Aztlan North America Nearshoring Stock Selection ETF, and $1.1m on Nov 3, 2026 for Pacer International Export Leaders ETF.
55% of NRSH's weight is in S&P 500 companies and 45% is outside the index. Holdings as of Jul 31, 2026.
0% of PIEL's weight is in S&P 500 companies and 100% is outside the index. Holdings as of Jul 31, 2026.
Pair scorecard
PIEL costs 0.27 points a year less.
Points (pts) are percentage points.
| Measure | NRSH | PIEL |
|---|---|---|
| Return | ||
| Total return, 1 year | +19.1% | not published |
| Drawdown | ||
| Below its all-time high | 17.1%, high on Jun 30, 2026 | |
| Against its benchmark | ||
| What it tracks | Reshoring and manufacturing | Reshoring and manufacturing |
| Against the S&P 500, 1 year | ahead by 4.3 pts | |
| Its benchmark, total return, 1 year | +14.8% | |
| Against its benchmark, 1 year | ahead by 4.3 pts | |
| Cost and size | ||
| Expense ratio | 0.76% | 0.49% |
| Net assets, NRSH as of Jul 31, 2026 and PIEL as of Nov 3, 2026 | $30m | $1.1m |
| Holdings | ||
| Holdings in common | 0% | |
Risk and return
Jan 2, 2026 to Oct 30, 2026 · 43 weekly returnsFrom Jan 2026 to Oct 2026, NRSH returned more: +24.2% to +10.7%. NRSH and PIEL fell about the same at their worst: −14.2% and −14.2%.
Full scorecard
3 measures, with how each is measured Open ↓
| Measure | NRSH | PIEL | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +24.2% | +10.7% | NRSH | Price change plus distributions, reinvested. |
| Price return | +24.2% | +10.7% | NRSH | Price change alone, distributions left out. |
| Risk | ||||
| Max drawdown | −14.2% | −14.2% | Tie | Deepest fall from a high to the low after it. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 43 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, NRSH and PIEL hold 0% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026.
half
0% in common
Only in one fund ↓
Window by window
| Total return | vs its benchmark | |||
|---|---|---|---|---|
| Window | NRSH | PIEL | NRSH | PIEL |
| 3 months | −11.5% | −1.3% | −11.4 pts vs VOO | +0.3 pts vs EFA |
| 6 months | −11.6% | +5.4% | −16.6 pts vs VOO | +2.9 pts vs EFA |
| 1 year | +19.1% | – | +4.3 pts vs VOO | – |
| Since launchNot the same days: NRSH Nov 2023 · PIEL Dec 2025 | +42.0% | +14.1% | −32.6 pts vs VOO | +2.6 pts vs EFA |
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Side by side
As of Nov 4, 2026. Source: ETFIQ.
0% of the two portfolios are the same securities at the same weight.
No client brief for this pair: ETFIQ prints no one-year total return for PIEL.
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.
PIEL
By weight, 0% of PIEL'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 39% of the fund across 100 positions, as filed for Jul 31, 2026. Since it first traded on Dec 23, 2025 the fund returned +14.1% with distributions reinvested.
Questions people ask
- Do NRSH and PIEL hold the same stocks?
- By their latest filings, 0% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
Every number is an ETFIQ calculation with distributions reinvested.
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ETFIQ, NRSH against PIEL, data as of Nov 4, 2026. https://etfiq.com/compare/themes/nrsh-vs-piel
ETFIQ. (Nov 4, 2026). NRSH against PIEL. Retrieved from https://etfiq.com/compare/themes/nrsh-vs-piel
[NRSH against PIEL (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/themes/nrsh-vs-piel)
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