Militia Long/Short Equity ETF (ORR) Performance
ORR total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +13.3% since Dec 31, 2025
- 1 year
- +22.3% total return
- Since first price
- +49.7% since 2025
ORR trailing returns vs SPY, QQQ, AGG
| Period | ORR total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +2.0% | +2.0% | −1.0% | −5.0% | +0.9% |
| 3 months | +5.8% | +5.8% | +3.2% | +1.9% | −0.4% |
| 6 months | +9.5% | +9.5% | +7.8% | +8.4% | −1.5% |
| YTD | +13.3% | +13.3% | +12.3% | +15.1% | −1.0% |
| 1 year | +22.3% | +22.3% | +14.4% | +15.9% | −1.1% |
| Since inceptionJan 15, 2025 | +49.7% | +49.7% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: ORR vs SPY
From Jan 15, 2025: ORR grew to $14,971, SPY to $13,072.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
ORR returns by calendar year
2026 is year to date.
ORR annual returns table
| Year | ORR | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +13.3% | −9.9% | +12.3% | +15.1% | −1.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
ORR risk statistics
| Statistic | Since 2025 |
|---|---|
| Annualized return | +23.1% |
| Volatility (annualized) | 12.2% |
| Sharpe ratio | 1.47 |
| Sortino ratio | 2.91 |
| Best month | +7.1% |
| Worst month | −6.7% |
| Best 12 months | +44.6% |
| Worst 12 months | +20.0% |
| Positive months | 70% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
ORR rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 10 | +20.0% | +27.6% | +44.6% | 100% |
Every holding period starting at a month-end since 2025. Returns for 3 years and longer are annualized.
ORR performance overview
Militia Long/Short Equity ETF (ORR) returned +22.3% over the past year, with distributions reinvested. Since its first recorded price on Jan 15, 2025 it has returned +49.7%. Over the same year S&P 500 (SPY) returned +14.4%.
Related: ORR chart. See the ORR overview for the latest quote and fund facts.
ORR performance FAQ
What is the ORR return over the past year?
ORR returned +22.3% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 22.3%.
How much would $10,000 invested in ORR be worth?
$10,000 invested in ORR at its first recorded close on January 15, 2025 would be worth about $14,971 on October 23, 2026 with distributions reinvested.
How volatile is ORR?
Over the past history ORR had an annualized volatility of 12.2% and a Sharpe ratio of 1.47 (excess return over 1–3 month T-bills per unit of risk).