{"url":"https://etfiq.com/compare/themes/nrsh-vs-weld","section":"compare","title":"NRSH vs WELD: Holdings Overlap & Returns | ETFIQ","description":"55.4% of NRSH and 38.9% of WELD is already in the S&P 500 by weight, as filed, and 6% of the two books are the same names at the same weight.","as_of":"Nov 4, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Do NRSH and WELD hold the same stocks?","acceptedAnswer":{"@type":"Answer","text":"By their latest filings, 6% 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, NRSH or WELD?","acceptedAnswer":{"@type":"Answer","text":"NRSH has 55% of its weight in S&P 500 names and WELD has 39%, so WELD differs more from the index."}},{"@type":"Question","name":"Which is cheaper, NRSH or WELD?","acceptedAnswer":{"@type":"Answer","text":"NRSH charges 0.76% a year and WELD charges 0.75%, so WELD 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":"NRSH vs WELD","item":"https://etfiq.com/compare/themes/nrsh-vs-weld"}]},{"@type":"WebPage","name":"NRSH vs WELD: Holdings Overlap & Returns","description":"55.4% of NRSH and 38.9% of WELD is already in the S&P 500 by weight, as filed, and 6% of the two books are the same names at the same weight.","url":"https://etfiq.com/compare/themes/nrsh-vs-weld","dateModified":"2026-11-04","abstract":"NRSH and WELD hold 6% of their weight 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 NRSH and WELD","description":"55.4% of NRSH and 38.9% of WELD is already in the S&P 500 by weight, as filed, and 6% of the two books are the same names at the same weight.","dateModified":"2026-11-04","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/themes/nrsh-vs-weld","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":6605,"truncated":true,"content":"ETFIQ / Thematic ETFs / Compare ETFs / NRSH vs WELD \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Nov 4, 2026 .\n\n NRSH vs WELD: Holdings Overlap & Returns\n\n NRSH and WELD hold 6% of their weight in the same names.\n Copy this for sharing \n \n WELD costs 0.01 points a year less.\n NRSH and WELD at a glance. As of Nov 4, 2026. Source: ETFIQ. NRSH WELD \n Expense ratio 0.76% 0.75% \n Net assets, NRSH as of Jul 31, 2026 and WELD as of Nov 3, 2026 $30m $251m \n Total return, 1 year +19.1% not published \n What it tracks Reshoring and manufacturing Reshoring and manufacturing \n Holdings in common ","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, NRSH against WELD, data as of Nov 4, 2026. https://etfiq.com/compare/themes/nrsh-vs-weld","a":{"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"}]},"b":{"ticker":"WELD","name":"Tema U.S. Manufacturing & Reshoring ETF","issuer":"Tema","desk":"themes","as_of":"2026-11-04","verdict":"WELD holds 21 stocks, and 61% of its weight is outside the S&P 500.","url":"https://etfiq.com/funds/weld","key_facts":[{"label":"Already in the S&P 500","value":"38.9%","as_of":"2026-11-03","source":"the issuer\u2019s daily holdings file"},{"label":"Active share vs the S&P 500","value":"98.0%","as_of":"2026-11-03","source":"ETFIQ"},{"label":"Top ten holdings","value":"63.1%","as_of":"2026-11-03","source":"the issuer\u2019s daily holdings file"},{"label":"Net assets","value":"$251m","as_of":"2026-11-03","source":"issuer page, as of Nov 3, 2026"},{"label":"Expense ratio","value":"0.75%","as_of":"2026-06-29","source":"485BPOS XBRL, Jun 29, 2026"},{"label":"Benchmark","value":"Its own holdings, as of Nov 3, 2026; its prospectus names no index it tracks","as_of":"2026-11-04","source":"ETFIQ, from its filings"}]},"overlap_pct":6,"full_text_at":"https://etfiq.com/compare/themes/nrsh-vs-weld"}