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Militia Long/Short Equity ETF (ORR)
About this ETF
ORR is an actively managed ETF aiming for capital appreciation through both long and short equity positions. The long portfolio targets undervalued or growth potential equities, with a focus on developed markets. Long positions may exceed 100% of net assets, capped typically at 150%. Short positions focus on U.S.-listed companies and ETFs expected to decline, influenced by declining future cash flow projections. ORR can have short exposure up to 100% and may include inverse or leveraged ETFs. The fund actively trades positions, resulting in high annual portfolio turnover. The portfolio may also short foreign currencies through currency forward contracts to manage risk.
Price
Top 10 holdings
| Cash & Other | 25.10% |
| Hikari Tsushin Inc 9435.T | 9.35% |
| Axos Financial Inc AX | 8.94% |
| Energy Transfer LP ET | 4.06% |
| Grupo Mexico SAB de CV GMEXICOB.MX | 3.99% |
| First American Government Obligations Fund 12/01/2031 | 3.96% |
| Capital Southwest Corp CSWC | 3.53% |
| Western Midstream Partners LP WES | 3.06% |
| Amazon.com Inc AMZN | 3.03% |
| Taiwan Semiconductor Manufacturing Co Ltd TSM | 3.00% |
Sector mix
No sector breakdown available for this fund.
Price chart
Returns
| 1 month | +4.40% |
| 3 months | -2.60% |
| 6 months | +4.94% |
| Year to date | +7.61% |
| 1 year | +25.98% |
| 3 years (ann.) | — |
| 5 years (ann.) | — |
| 10 years (ann.) | — |
Risk profile
| Volatility (1y, ann.) | 14.34% |
| Sharpe (1y) | 1.68 |
| Sharpe (3y) | — |
| Sortino (1y) | 2.70 |
| Max drawdown (1y) | -9.90% |
| Max drawdown (5y) | — |
| Max drawdown (full) | -9.90% |
| Beta vs S&P 500 (1y) | 0.60 |
| Correlation vs S&P 500 (1y) | 0.52 |
Technical outlook as of 2026-07-13
The Monte Carlo cone is drawn on the price chart above (Forecast overlay); RSI, MACD and the rest of the oscillators live in its indicator panels.
Full holdings
| Constituent | ISIN | Market value | Weight |
|---|---|---|---|
| Loading… | |||
Geographic exposure
Cost vs. peers
Comparison universe: 184 funds of the same asset class.
Cost impact calculator
Dividend history
Accumulating share class Income is reinvested inside the fund instead of being paid out. (inferred from the absence of distributions)
No distributions on record — accumulating share classes reinvest income instead of paying it out.
ESG profile
Benchmark: average of 30 funds of the same asset class with derived ESG data.
Similar ETFs
| Fund | TER | AUM (USD) | Yield (TTM) | Return 1y | Sharpe 1y |
|---|---|---|---|---|---|
| iShares Bitcoin Trust ETF IBIT | 0.25% | 46.82B | — | -45.40% | -1.13 |
| Grayscale Bitcoin Trust ETF GBTC | 1.50% | 8.67B | — | -46.00% | -1.16 |
| Invesco Senior Loan ETF BKLN | 0.67% | 7.19B | 6.56% | -2.67% | -0.81 |
| abrdn Physical Gold Shares ETF SGOL | 0.17% | 6.81B | — | +20.15% | 0.80 |
| Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF PDBC | 0.74% | 5.34B | 3.01% | +27.55% | 1.37 |
| iShares Ethereum Trust ETF ETHA | 0.25% | 4.93B | — | -37.38% | -0.34 |
| abrdn Physical Silver Shares ETF SIVR | 0.30% | 3.97B | — | +55.06% | 1.04 |
| abrdn Physical Precious Metals Basket Shares ETF GLTR | 0.60% | 2.48B | — | +28.38% | 0.84 |
| abrdn Bloomberg All Commodity Strategy K-1 Free ETF BCI | 0.26% | 2.38B | 13.79% | +10.98% | 0.59 |
| Bitwise Bitcoin ETF Trust BITB | 0.20% | 2.32B | — | -45.29% | -1.13 |
Cheaper alternatives
No fund of the class reaches 60% portfolio overlap — showing the cheapest funds of the class instead.
| Fund | TER | AUM (USD) | Overlap |
|---|---|---|---|
| Franklin Systematic Style Premia ETF FLSP | 0.65% | 1.00B | 0.1% |
| WisdomTree U.S. Efficient Core Fund NTSX | 0.20% | 1.37B | -0.2% |
| WisdomTree Physical Bitcoin BTCW.SW | 0.15% | 1.19B | 0.0% |
| iShares Bitcoin ETP IB1T.PA | 0.15% | 1.03B | 0.0% |
| abrdn Physical Gold Shares ETF SGOL | 0.17% | 6.81B | 0.0% |
