{"url":"https://etfiq.com/compare/any/orr-vs-tlt","section":"compare","title":"ORR vs TLT: ETF Differences, Returns & Fees | ETFIQ","description":"ORR vs TLT to Nov 5, 2026: one-year total return +20.7% against \u22123.6%. Militia Long/Short Equity ETF against iShares 20+ Year Treasury Bond ETF.","as_of":"Nov 5, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Are ORR and TLT in the same category?","acceptedAnswer":{"@type":"Answer","text":"ORR is an alternatives ETF and TLT is a bond ETF, so they do different jobs. The table compares what both publish: return, cost and holdings."}},{"@type":"Question","name":"Which returned more over the last year, ORR or TLT?","acceptedAnswer":{"@type":"Answer","text":"In the year to Nov 5, 2026, with distributions reinvested, ORR returned +20.7% and TLT \u22123.6%."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Compare ETFs","item":"https://etfiq.com/compare/"},{"@type":"ListItem","position":3,"name":"ORR vs TLT","item":"https://etfiq.com/compare/any/orr-vs-tlt"}]},{"@type":"WebPage","name":"ORR vs TLT: ETF Differences, Returns & Fees","description":"ORR vs TLT to Nov 5, 2026: one-year total return +20.7% against \u22123.6%. Militia Long/Short Equity ETF against iShares 20+ Year Treasury Bond ETF.","url":"https://etfiq.com/compare/any/orr-vs-tlt","dateModified":"2026-11-05","speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".lede",".faq"]},"isPartOf":{"@type":"WebSite","name":"ETFIQ","url":"https://etfiq.com"}},{"@type":"Dataset","name":"ETFIQ comparison of ORR and TLT","description":"ORR vs TLT to Nov 5, 2026: one-year total return +20.7% against \u22123.6%. Militia Long/Short Equity ETF against iShares 20+ Year Treasury Bond ETF.","dateModified":"2026-11-05","creator":{"@id":"https://etfiq.com/#org"},"license":"https://etfiq.com/license/","isAccessibleForFree":true,"url":"https://etfiq.com/compare/any/orr-vs-tlt","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/alternatives.json"},{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/core.json"},{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/crypto.json"},{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/funds.json"},{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/income.json"},{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/leverage.json"},{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/thematic.json"}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Compare ETFs","item":"https://etfiq.com/compare/"},{"@type":"ListItem","position":3,"name":"ORR vs TLT","item":"https://etfiq.com/compare/any/orr-vs-tlt"}]},{"@type":"WebPage","name":"ORR vs TLT: ETF Differences, Returns & Fees","description":"ORR vs TLT to Nov 5, 2026: one-year total return +20.7% against \u22123.6%. Militia Long/Short Equity ETF against iShares 20+ Year Treasury Bond ETF.","url":"https://etfiq.com/compare/any/orr-vs-tlt","dateModified":"2026-11-05","isPartOf":{"@type":"WebSite","name":"ETFIQ","url":"https://etfiq.com"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".lede",".faq"]},"publisher":{"@id":"https://etfiq.com/#org"}}],"characters":3994,"truncated":true,"content":"ETFIQ / Compare ETFs / ORR vs TLT \n \n Data as of Nov 5, 2026.\n ETFIQ etfiq.com \u00b7 independent ETF data \n ORR vs TLT: Differences, Returns & Fees\n Over the year to Nov 5, 2026, ORR returned +20.7% to TLT's \u22123.6%.\n Copy this for sharing \n Their one-year returns differ by 24.3 points.\n ORR and TLT at a glance. As of Nov 5, 2026. Source: ETFIQ. ORR TLT \n Expense ratio not published 0.15% \n Net assets, ORR as of Aug 31, 2026 and TLT as of Nov 4, 2026 $355m $48.8bn \n Total return, 1 year +20.7% \u22123.6% \n What it tracks not published ICE U.S. Treasury 20+ Year Bond Index \n Holdings in common not publish","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","license_text":"Data ETFIQ computes is free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.","citation":"ETFIQ, ORR against TLT, data as of Nov 5, 2026. https://etfiq.com/compare/any/orr-vs-tlt","a":{"ticker":"ORR","name":"Militia Long/Short Equity ETF","issuer":"Militia","desk":"alternatives","as_of":"2026-11-05","verdict":"Over the year to Nov 5, 2026, ORR returned 20.7%. When the S&P 500 fell, it fell 42% as much.","url":"https://etfiq.com/funds/orr","key_facts":[{"label":"Correlation with the S&P 500","value":"+0.36","as_of":"2026-11-05","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Beta to the S&P 500","value":"+0.41","as_of":"2026-11-05","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Down-week capture","value":"42.0%","as_of":"2026-11-05","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Against T-bills, 52 weeks","value":"+17.2 pts","as_of":"2026-11-05","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Net assets","value":"$355m","as_of":"2026-08-31","source":"SEC N-PORT, whole fund, as filed for Aug 31, 2026"},{"label":"Strategy","value":"Long-short equity","as_of":"2026-11-05","source":"ETFIQ, from its prospectus"}]},"b":{"ticker":"TLT","name":"iShares 20+ Year Treasury Bond ETF","issuer":"iShares","desk":"core","as_of":"2026-11-05","verdict":"TLT tracks an index of 20+ year Treasuries and returned \u22123.6% over the past year.","url":"https://etfiq.com/funds/tlt","key_facts":[{"label":"Total return, 1 year","value":"\u22123.6%","as_of":"2026-11-05","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Expense ratio","value":"0.15%","as_of":"2026-06-18","source":"485BPOS XBRL, Jun 18, 2026"},{"label":"Holdings","value":"47","as_of":"2026-11-04","source":"the issuer\u2019s daily holdings file"},{"label":"Below its high","value":"\u221241.7%","as_of":"2026-11-05","source":"ETFIQ"},{"label":"12-month yield, capital gains included, on its starting price","value":"4.4%","as_of":"2026-11-05","source":"computed by ETFIQ from Tiingo daily prices and distributions"},{"label":"Last payment (paid monthly), ex-date Nov 2, 2026","value":"$0.3432","as_of":"2026-11-02","source":"Tiingo end-of-day distributions"},{"label":"Net assets","value":"$48.8bn","as_of":"2026-11-04","source":"the issuer\u2019s own daily fund list, as of Nov 4, 2026"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/any/orr-vs-tlt"}