MVRL vs. NRSH ETF Comparison

Comparison of ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (MVRL) to Aztlan North America Nearshoring Stock Selection ETF (NRSH)

MVRL

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN

MVRL Description

The investment seeks to provide 1.5 times leveraged long exposure to the compounded quarterly performance of the MVIS US Mortgage REITs Index, reduced by the Accrued Fees. The index is designed to track the overall performance of publicly-traded mortgage REITs that are listed and incorporated in the United States and derive at least 50% of their revenues from mortgage-related activity.

Grade (RS Rating)

Last Trade

$16.64

Average Daily Volume

9,734

Number of Holdings ^*

* may have additional holdings in another (foreign) market

NRSH

Aztlan North America Nearshoring Stock Selection ETF

NRSH Description

The initial universe for the index includes companies that, according to GICS classifications, belong to one of the following industries or sub-industries: (a) Industrial REITs, (b) Office REITs, (c) Real Estate Management & Development, (d) Specialized REITs, (e) Ground Transportation, (f) Air Freight & Logistics, (g) Transportation Infrastructure, or (h) Marine Transportation. The fund will invest all, or substantially all, of its assets in the component securities that make up the index. It is non-diversified.

Grade (RS Rating)

Last Trade

$20.47

Average Daily Volume

1,017

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	MVRL	NRSH
30 Days	-2.46%	-3.94%
60 Days	-1.42%	-4.84%
90 Days	-0.54%	-4.21%
12 Months	19.31%

0 Overlapping Holdings

	Symbol	Grade	Weight in MVRL	Weight in NRSH	Overlap

MVRL Overweight 23 Positions Relative to NRSH

Symbol	Grade	Weight
NLY	B	13.03%
AGNC	C	8.86%
STWD	C	8.19%
CIM	C	5.48%
HASI	D	5.04%
BXMT	F	4.84%
ABR	B	4.54%
TWO	A	4.01%
MFA	B	3.81%
PMT	A	3.79%
ARI	F	3.76%
LADR	A	3.51%
NYMT	F	3.26%
RWT	C	2.77%
EFC	B	2.49%
RC	D	2.05%
ORC	B	2.0%
ACRE	D	1.95%
BRSP	F	1.92%
KREF	D	1.86%
IVR	B	1.84%
ARR	C	1.83%
DX	B	1.48%

MVRL Underweight 8 Positions Relative to NRSH

Symbol	Grade	Weight
FWRD	F	-6.73%
CHRW	C	-6.55%
LSTR	D	-5.73%
GXO	F	-5.29%
KEX	A	-5.27%
UNP	C	-5.2%
IIPR	A	-5.19%
HUBG	B	-4.94%