ORR Militia Long/Short Equity ETF
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Over the year to Nov 4, 2026, ORR returned 21.6%. When the S&P 500 fell, it fell 25% as much.
Promise check: Not measuredIts strategy, long-short equity, states no objective ETFIQ can measure.
ORR risk and return scorecard
vs its benchmark
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records; risk-free rate: U.S. Treasury, Daily Treasury Bill Rates, 13-week coupon equivalent Method · Data
Money in and out
Net fund flows · Aug 31, 2026What you earned
How concentrated, and what does it cost?
More on ORR
Every number below is on this page. Open what you need.Price, 1 year
$38.66+0.1%1 day, priceClose, Nov 4, 2026
Price only. No distribution was paid over these days, so total return is the same. Computed by ETFIQ from Tiingo daily prices.
Source: Tiingo end-of-day prices. Data as of Nov 4, 2026. Updated every trading night. Report a data error
| Window | Total return | S&P 500 (SPY) |
|---|---|---|
| 1M Oct 5 – Nov 4, 2026 | +1.2% | −1.0% |
| 3M Aug 5 – Nov 4, 2026 | −1.6% | −0.1% |
| 6M May 6 – Nov 4, 2026 | +5.2% | +5.0% |
| YTD Dec 31, 2025 – Nov 4, 2026 | +13.2% | +13.3% |
| 1Y Nov 4, 2025 – Nov 4, 2026 | +21.6% | +14.8% |
| Since launch Jan 15, 2025 – Nov 4, 2026 | +49.6% | +31.9% |
| Since launch, annualised Jan 15, 2025 – Nov 4, 2026 | +25.0% | – |
Total returns, distributions reinvested. Listed Jan 2025: no 3 years windows.
Source: Tiingo end-of-day prices, with distributions reinvested.
ORR in the 26 weeks SPY fell, year to Nov 4, 2026: SPY averaged −1.07%, ORR −0.27%.
Money in and out
Monthly data · as of Aug 31, 2026ORR: in the month to Aug 31, 2026, nothing net moved, by its SEC filing.
monthly, from SEC filings
monthly, from SEC filings
Computed by ETFIQ from the monthly sales and redemptions ORR files with the SEC on Form N-PORT.
How this is computed
ETFIQ reads no daily data for this fund, so its flows are monthly, and the latest month filed is Aug 2026. Every day and month ETFIQ holds for ORR, back to Jan 2025, is in its flows file. Flows across every fund · How these flows are computed · Compare ORR with other funds in the flows tool
Month by month, money in and money outJan 2025 to Aug 2026
ORR, money in and money out each month from Jan 2025 to Aug 2026: two bars a month, money in above the line and money out below. Every bar is from ORR’s SEC filings (N-PORT item B.6). Of the 20 months listed, money came in on net in 14 and went out in 5.
Every bar is from ORR’s SEC filings (N-PORT item B.6). Of the 20 months listed, money came in on net in 14 and went out in 5.
Most recent first.
How this is computed
N-PORT months: money in is sales plus reinvestments; money out is redemptions.
N-PORT months are the filed sales plus reinvestments less redemptions. Later months add up the daily data; the Source column names any missing day.
Source: ETFIQ, from the fund’s SEC N-PORT filings. Data as of Aug 31, 2026. Updated when the fund files its next report.
ORR key stats
Trading
as of Feb 11, 2026
ORR for holders outside the US
About ORR
12 seats on ORR, as of Nov 4, 2026: 1 Mixed, 2 Challenges, 8 Not enough data, 1 Does not apply.
Questions people ask about ORR
- Does ORR move with the S&P 500?
- Over the year to Nov 4, 2026, ORR’s weekly returns had a correlation of +0.41 with the S&P 500’s, on a scale where 1 moves in step, 0 shows no pattern and −1 moves opposite. Its beta was +0.47, so for each 1% the index moved it moved about 0.47% the same way.
- What did ORR do when stocks fell?
- The S&P 500 fell in 26 of the 52 weeks to Nov 4, 2026, by 1.07% on average. In those weeks ORR fell 0.27% on average, a down-week capture of 25.0%.
- Did ORR earn more than cash?
- Over the same 52 weeks ORR returned +20.3% with distributions reinvested, and BIL, a fund of Treasury bills, returned +3.7%. ORR finished 16.7 percentage points ahead of it.
- What does ORR cost?
- Its management fee is 1.30% a year. Its prospectus expense ratio is 10.91%, because it also counts 9.61 points of costs from short selling: dividends paid on borrowed stock, borrowing fees and brokerage.
- Why is ORR listed as long-short equity?
- ETFIQ files each fund by what its own prospectus says it does, and ORR’s, filed Mar 27, 2026, describes a long-short equity fund.
Links are sources, not endorsements.
Cite this pageCitation, APA and Markdown
ETFIQ, ORR, alternatives ETFs, data as of Nov 4, 2026. https://etfiq.com/funds/orr
ETFIQ. (Nov 4, 2026). ORR, alternatives ETFs. Retrieved from https://etfiq.com/funds/orr
[ORR, alternatives ETFs (ETFIQ, Nov 4, 2026)](https://etfiq.com/funds/orr)
The down-week bars for ORR, redrawn every trading night.
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.
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<figure style="margin:0;max-width:640px">
<iframe src="https://etfiq.com/embed/alternatives/orr/" title="ORR: ORR in the 26 weeks SPY fell, year to Nov 4, 2026: SPY averaged −1.07%, ORR −0.27%." width="640" height="334" loading="lazy" style="border:0;max-width:100%;width:100%"></iframe>
<figcaption style="font:13px/1.5 sans-serif">ORR: ORR in the 26 weeks SPY fell, year to Nov 4, 2026: SPY averaged −1.07%, ORR −0.27%. Data: <a href="https://etfiq.com/funds/orr">ETFIQ</a></figcaption>
</figure>The day's ETF flows, a comparison and one number. Every trading morning. About the Daily
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