Which returned more over the last year, GLD or ORR?

In the year to Sep 19, 2026, with distributions reinvested, GLD returned +19.5% and ORR returned +20.4%, so ORR returned more.

Are GLD and ORR the same kind of fund?

No. GLD is a commodity ETF and ORR is an alternatives ETF, so they are built for different jobs. The table compares what both publish: return, cost and what each actually holds.

Data as of Sep 19, 2026.

ETFIQetfiq.com · independent ETF data

GLD vs ORR: how they differ

Over the year ORR returned more, +20.4% to GLD's +19.5%.

SPDR Gold Shares and Militia Long/Short Equity ETF.

GLD and ORR on the fields both publish, as of Sep 19, 2026. Source: ETFIQ.
	GLD SPDR Gold Shares	ORR Militia Long/Short Equity ETF
Where it sits	Core fund	Alternatives ETF
Issuer	State Street	Militia
What it is	Holds gold	Long-short equity
Total return, 1 year	+19.5%	+20.4%
S&P 500 over the same days	+16.6%	+16.6%
Gap to the S&P 500	+3.0 pts	+3.8 pts
Expense ratio	0.40%	not published
Net assets	$147.8bn	$367m

GLD in plain words

GLD holds gold. Over the year to Sep 18, 2026 it returned +19.5% with distributions reinvested, against +16.6% for the S&P 500 and +21.8% for the Nasdaq-100. The prospectus expense ratio is 0.40% a year. It sat 19.1% below its high of Jan 29, 2026 on Sep 18, 2026.

ORR in plain words

ORR is a long-short equity fund. ETFIQ measures what every alternatives fund is sold on: whether it moves differently from the stock market. Over the year to Sep 18, 2026, its weekly returns had a correlation of +0.35 with the S&P 500’s and a beta of +0.42, so for each 1% the index moved it moved about 0.42% the same way. The S&P 500 fell in 22 of those 52 weeks, by 1.24% on average. In the same weeks ORR fell 0.18% on average, a down-week capture of 14.3%. Over the same 52 weeks ORR returned +21.4% and a Treasury bill fund +3.6%, so it finished 17.7 percentage points ahead of cash.

Questions people ask

Which returned more over the last year, GLD or ORR?: In the year to Sep 19, 2026, with distributions reinvested, GLD returned +19.5% and ORR returned +20.4%, so ORR returned more.
Are GLD and ORR the same kind of fund?: No. GLD is a commodity ETF and ORR is an alternatives ETF, so they are built for different jobs. The table compares what both publish: return, cost and what each actually holds.

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Where these figures came from

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.

GLD against ORR, ETFIQ, data as of Sep 19, 2026. Every figure is calculated from a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, GLD against ORR, data as of Sep 19, 2026. https://etfiq.com/compare/any/gld-vs-orr Free to use with attribution; the underlying files are at Open data.

A comparison is not a recommendation. Standards and sources