XTN vs. NRSH ETF Comparison

Comparison of SPDR S&P Transportation ETF (XTN) to Aztlan North America Nearshoring Stock Selection ETF (NRSH)

XTN

SPDR S&P Transportation ETF

XTN Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index derived from the transportation segment of a U.S. total market composite index. In seeking to track the performance of the S&P Transportation Select Industry Index (the "index"), the fund employs a replication strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the transportation industry group of the S&P Total Market Index ("S&P TMI"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$91.27

Average Daily Volume

27,798

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

$23.22

Average Daily Volume

1,397

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	XTN	NRSH
30 Days	7.88%	1.99%
60 Days	13.89%	1.87%
90 Days	18.16%	5.01%
12 Months	24.23%

15 Overlapping Holdings

Symbol	Grade	Weight in XTN	Weight in NRSH	Overlap
ARCB	C	2.45%	5.24%	2.45%
ATSG	A	1.07%	1.35%	1.07%
CHRW	B	2.54%	7.28%	2.54%
CSX	C	2.42%	5.6%	2.42%
FWRD	D	1.17%	4.59%	1.17%
GNK	C	1.2%	0.96%	0.96%
GXO	B	2.68%	5.51%	2.68%
HUBG	A	2.21%	5.13%	2.21%
KEX	A	2.49%	4.19%	2.49%
LSTR	D	2.34%	6.06%	2.34%
MATX	B	2.83%	7.64%	2.83%
NSC	B	2.45%	4.85%	2.45%
SNDR	A	2.45%	5.28%	2.45%
UNP	D	2.16%	5.46%	2.16%
WERN	B	2.45%	5.14%	2.45%

XTN Overweight 27 Positions Relative to NRSH

Symbol	Grade	Weight
UAL	A	4.14%
LYFT	C	3.6%
DAL	A	3.27%
SKYW	B	3.23%
CAR	C	3.18%
XPO	B	3.1%
AAL	B	3.04%
ALK	A	2.89%
SAIA	C	2.86%
JBLU	F	2.73%
R	B	2.73%
ODFL	B	2.64%
LUV	B	2.58%
JBHT	C	2.49%
JOBY	B	2.48%
RXO	C	2.44%
KNX	B	2.41%
UPS	C	2.38%
FDX	B	2.33%
EXPD	D	2.28%
UBER	F	2.25%
ALGT	C	2.12%
SNCY	C	1.14%
HTZ	C	0.97%
MRTN	D	0.79%
UHAL	D	0.66%
HTLD	C	0.49%

XTN Underweight 2 Positions Relative to NRSH

	Symbol	Grade	Weight
	CNI	F	-4.41%
	ULH	B	-0.58%