NRSH vs MBND

Comparison between AZTLAN NORTH AMERICA NEARSHORING STOCK SELECTION ETF (NRSH, ETF) and STATE STREET(R) NUVEEN MUNICIPAL BOND ETF (MBND, ETF).

NRSH vs MBND - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	NRSH(ETF)	MBND(ETF)
Net Assets	$28M	$27M
Expense Ratio	0.76%	0.40%
Max Drawdown	24.69%	15.51%
Sharpe Ratio	1.62	0.57
5Y Beta	0.94	0.01
P/E Ratio	59.26	N/A
Forward P/E	28.98	N/A
PEG Ratio	0.03	N/A
5Y Dividends CAGR	N/A	60.54%
5Y EPS CAGR	16.94%	N/A
Debt to Equity	49.88%	N/A
P/S Ratio	3.48	N/A
P/B Ratio	9.84	N/A

Net Assets

Winner

NRSH

$28M

MBND

$27M

Expense Ratio

NRSH

0.76%

Winner

MBND

0.40%

Max Drawdown

NRSH

24.69%

Winner

MBND

15.51%

Sharpe Ratio

Winner

NRSH

1.62

MBND

0.57

5Y Beta

NRSH

0.94

Winner

MBND

0.01

P/E Ratio

NRSH

59.26

MBND

N/A

Forward P/E

NRSH

28.98

MBND

N/A

PEG Ratio

NRSH

0.03

MBND

N/A

5Y Dividends CAGR

NRSH

N/A

MBND

60.54%

5Y EPS CAGR

NRSH

16.94%

MBND

N/A

Debt to Equity

NRSH

49.88%

MBND

N/A

P/S Ratio

NRSH

3.48

MBND

N/A

P/B Ratio

NRSH

9.84

MBND

N/A

NRSH vs MBND - Historical Returns

Returns include dividend reinvestment.

Period	NRSH	MBND
1 month	+3.29%	+0.57%
3 months	+30.57%	-0.17%
6 months	+36.75%	+1.45%
1 year	+51.09%	+5.00%
5 years(CAGR)	N/A	+0.62%
Max(CAGR)	+20.78%	+0.70%

Winner

NRSH

+3.29%

MBND

+0.57%

Winner

NRSH

+30.57%

MBND

-0.17%

Winner

NRSH

+36.75%

MBND

+1.45%

Winner

NRSH

+51.09%

MBND

+5.00%

5Y(CAGR)

NRSH

N/A

MBND

+0.62%

Max(CAGR)

Winner

NRSH

+20.78%

MBND

+0.70%

NRSH vs MBND - Annual Returns (2021 - 2026)

Returns include dividend reinvestment.

Year	NRSH	MBND
2026	+36.44%	+1.06%
2025	+13.24%	+2.79%
2024	-5.73%	+2.86%
2023	+8.65%	+5.48%
2022	N/A	-8.57%
2021	N/A	+0.59%

NRSH vs MBND Drawdown Comparison

The maximum drawdown for NRSH was -24.01%, occurring on Apr 8, 2025. Recovery took 237 trading sessions.

The maximum drawdown for MBND was -13.18%, occurring on Oct 25, 2022. Recovery took 1033 trading sessions.

The current NRSH drawdown is -5.62%. The current MBND drawdown is -0.64%.

Rank	NRSH	MBND
#1	-24.01% Nov 6, 2024 - Oct 20, 2025	-13.18% Aug 3, 2021 - Sep 15, 2025
#2	-10.94% Oct 31, 2025 - Jan 15, 2026	-2.44% Feb 27, 2026 - Mar 27, 2026
#3	-10.03% Dec 27, 2023 - Aug 23, 2024	-2.07% Feb 11, 2021 - Jun 4, 2021
#4	-9.98% Feb 20, 2026 - Apr 8, 2026	-0.80% Sep 17, 2025 - Oct 15, 2025
#5	-6.81% Jan 28, 2026 - Feb 20, 2026	-0.57% Nov 12, 2025 - Jan 5, 2026
#6	-6.23% May 6, 2026 - May 26, 2026	-0.53% Jun 14, 2021 - Jul 8, 2021
#7	-5.62% Jun 3, 2026 - Jun 5, 2026	-0.33% Oct 27, 2025 - Nov 12, 2025
#8	-4.17% Oct 16, 2024 - Nov 6, 2024	-0.24% Jan 16, 2026 - Jan 30, 2026
#9	-4.05% Sep 19, 2024 - Oct 16, 2024	-0.13% Jul 8, 2021 - Jul 15, 2021
#10	-3.31% Aug 23, 2024 - Sep 16, 2024	-0.10% Jul 20, 2021 - Jul 28, 2021
#11	-2.82% Dec 4, 2023 - Dec 14, 2023	-0.10% Feb 19, 2026 - Feb 24, 2026
#12	-1.95% Jan 16, 2026 - Jan 27, 2026	-0.09% Feb 12, 2026 - Feb 17, 2026
#13	-1.89% Apr 27, 2026 - Apr 30, 2026	-0.08% Jul 28, 2021 - Aug 3, 2021
#14	-1.87% Oct 21, 2025 - Oct 23, 2025	-0.03% Feb 10, 2026 - Feb 12, 2026
#15	-1.21% Dec 19, 2023 - Dec 21, 2023	-0.03% Jan 30, 2026 - Feb 4, 2026