ORR
Militia Long/Short Equity ETF
7월 28일 1:57 PM ET (한국 7/29 02:57)
$37.26
+0.35 ▲ +0.96%
ORR ETF is analyzed across 10 metrics including expense ratio, holdings, sector allocation, dividends, RSI, and MACD.
Total Expense Ratio
10.91%
Annual operating cost
Net Assets (AUM)
$337M
약 4615억원
Holdings
182 items
Dividend Yield
-
Management Style
Active
| Category | Global or ExUS Equities - Quant Strat | Asset Type | Equities (Stocks) | Return% 1Y | 24.69% | Total Holdings | 182 | Perf Week | 1.42% |
| ETF Type | Global Equities | Active/Passive | Active | Return% 3Y | - | AUM | $337M | Perf Month | 3.76% |
| Expense | 10.91% | NAV | $36.94 | Return% 5Y | - | 52W High | -5.41% | Perf Quarter | 4.11% |
| Dividend TTM | - | Div Gr. 3/5Y | - | Return% 10Y | - | 52W Low | 26.31% | Perf Half Y | 4.75% |
| Flows% 1M | -6.75% | Flows% YTD | 66.19% | Return% SI | 26.39% | Volatility(W/M) | 0.86% 1.23% | Perf YTD | 9.07% |
| SMA20 | 1.21% | SMA50 | 2.28% | SMA200 | 5.2% | RSI (14) | 59.38 | Beta | 0.05 |
| IPO | 2025/1/15 | Prev Close | $36.91 | Perf Year | 24.62% | Avg Volume | 0.12M | Price | $37.26 |
Militia Long/Short Equity ETF (ORR) Investment Analysis
ETF Overview
Militia Long/Short Equity ETF · Global or ExUS Equities - Quant Strat
인버스형 — 지수 하락에 베팅 (단기 헤지용 · 고위험)
2025년 상장, 1년 운영 중.
Militia Long/Short Equity ETF는 자본 성장을 목표로 하는 액티브 운용 ETF입니다. 서브어드바이저 Militia Investments, LLC가 자본 성장 잠재력이 있다고 판단한 주식 또는 ETF에 롱·숏 포지션을 취해 목표를 달성합니다. 비분산형 펀드입니다.
📘 ORR ETF 자세히 알아보기 →U.S.equitylong-short
- 규모
- $337M 약 4615억원
- 운용사
- -
- 운용 방식
- 액티브 (운용사 재량)
- 상장일
- 2025년
Cost Efficiency
Annual Expense Ratio · Category Rank · Long-Term Cost Impact
High-cost ETF — 10.91% annually
Costs are notably higher than the category average. Long-term holdings can erode returns.
Effective Annual Expense Ratio (Net Expense Ratio)
하위 5%10.91%
My positionBottom 5%
Low range Average High range
Actual Cost Simulation by Investment Amount
$100.0M
Annual Expense Ratio
$10.9M
Pay $10.1M more per year vs. category average
Category Median Annual Cost
$800K
Based on expense ratio of 0.80%
10-Year Cumulative Expense Ratio (Long-term simulation assuming 7% annual market growth)
$129.6M
134.0% of returns you could have earned goes to the fund manager due to fees
Because the expense ratio takes a slice of your assets every year, costs compound over 10 years and result in far greater losses than a simple sum (annual fee × 10). The 7% annual return assumption is based on the S&P 500's long-term average.
Defaults shown against $100K baseline portfolio. Adjust the slider to update the amount in real time.
Cheaper alternatives in the same category
RODM
Hartford Multifactor Developed Markets (ex-US) ETF
0.29%
-10.62%p annually
QQA
Invesco QQQ Income Advantage ETF
0.29%
-10.62%p annually
BRIE
MFS Blended Research International Equity ETF
0.34%
-10.57%p annually
* A lower fee does not necessarily mean a better ETF. Consider the tracked index, liquidity, and tax treatment as well.
Long-Term Performance
1-year · 3-year · 5-year · 10-year returns · vs. benchmark · drawdown defense
Insufficient return data
+6.9%p vs. benchmark (SPY) over 1Y.
ℹ️ The "1Y·3Y·5Y·10Y" periods below represent annualized returns (CAGR) measured backward from today. Example: "3Y +12%" means the investment grew at a compounded 12% per year over the past three years.
↩️ Inverse ETF — for short-term hedging only
These products bet on declines in the underlying index. By construction, "if the index rises, the ETF falls," so it is not unusual to see a negative annualized return (−). The daily reset mechanism causes significant compounding decay over longer holding periods. Long-term holding is not recommended outside of hedging or short-term trading purposes.
If you had invested 1 year(s) ago
$100.0M
Today's value
$124.7M
→
Total gain
+$24.7M
Annualized +24.7%
1 Year
2025.07 ~ 2026.07
Annualized +24.69%
상위 25%Outperformed the benchmark by 6.9%p annually
My positionTop 25%
Low range Average High range
3 Years
2023.07 ~ 2026.07
Listed 2025/1 — under 3 years
5 Years
2021.07 ~ 2026.07
Listed 2025/1 — under 5 years
10Y
2016.07 ~ 2026.07
Listed 2025/1 — under 10 years
1Y Cumulative Total Return Curve
2025-01-15 start, based on a 100M KRW base — read the curve values directly as units of 100M KRW (e.g., 308 → 3.08억 / 308M KRW). Both this ETF and the benchmark are rebased to 100 on the same start date for comparison.
ORR · Price Only ORR · Price + Cumulative Dividends ORR · Dividend Reinvested S&P 500 (SPY)
50
100
150
ℹ️ Price Only: Excludes dividends and tracks pure stock price only. Covered-call and high-dividend ETFs often show a flat or declining line on this view, which is meaningful from a "principal preservation" standpoint. Price + Cumulative Dividend: Share count stays the same and received dividends are accumulated as cash. Closely matches your actual account total assets. Reinvested: Dividends are immediately used to buy additional shares (adjClose-based, the industry standard for total return). The wider the gap between the three lines, the easier it is to gauge the effectiveness of the dividend strategy.
Annual Return Comparison
ETF returns vs S&P 500 (SPY) by calendar year
ORR S&P 500 (SPY)
+40%
0%
−40%
2025
2026 YTD
💡 Inverse ETFs are the mirror image — positive returns in years the benchmark falls, losses in years it rises.
ℹ️ Returns from January 1 to December 31 of each year. The current year (2026) column is dimmed to indicate YTD (incomplete). If blue is higher than gray, the ETF outperformed the benchmark in that year.
Win rate vs S&P 500 (SPY)
—
Completed years: 1 — 3+ years of data are needed for a win rate to be shown.
2025 ✓
2026 ✗ YTD
💡 Inverses only win in down years — not suitable as a long-term win-rate metric.
ℹ️ Number of winning years versus S&P 500 (SPY) within a completed calendar year (1/1–12/31). The current year (YTD) is reported separately.
Downside Capture
33%
Falls less than the benchmark in drawdowns — strong downside protection
<85% (Defend) 85~110% (Track) >110% (Lag)
💡 Inverses rise when the benchmark falls and fall when it rises — the usual interpretation of this metric is reversed.
ℹ️ Average % drop of this ETF when S&P 500 (SPY) is −1%. Based on daily returns over the past 3 years (only days where the benchmark is negative).
Risk Profile
Volatility · Beta · Max Drawdown · Sharpe · Drawdown Recovery History
Overall Risk Grade
High Risk
These products move opposite to the market. The longer you hold them, the more losses accumulate over time, making them suitable only for short-term hedging.
↩️ Inverse ETFs — Negative Beta is normal
Because they move opposite to the index, a negative Beta or one near −1 is expected. Volatility is similar to the underlying index. These are intended for short-term hedging and are unsuitable for long-term holding.
Beta (market sensitivity)
상위 5%0.05
If the market rises +10% +0.5%
If the market falls -10% -0.5%
My positionTop 5%
Low range Average High range
ℹ️ A beta of 1.0 moves in line with the market. Above 1 means it moves more than the market; below 1 means less.
Average daily range (last 1 month)
하위 25%±1.23%
S&P 500 typically ±1.0~1.3% · Bond funds ±0.3% · Leveraged ETFs ±3% or more
Annual volatility trend (past 10 years)
ℹ️ This ETF's average daily price swing. 1% means "on average, moves about ±1% per day." The rolling curve below shows the annualized volatility (long-term standard measure) over time.
Max Drawdown · Past 10 years
-9.9%
2025-01-15 Worst -9% 2026-07-01
ℹ️ Maximum drawdown is the largest peak-to-trough decline in the past. It represents the worst-case loss a long-term investor must psychologically endure.
Sharpe Ratio (Risk-Adjusted Return)
1.57
Excellent — Strong risk-adjusted returns
ℹ️ Annualized return minus the risk-free rate (3% annualized), divided by annualized volatility. A value above 1.0 is generally considered good risk-adjusted performance.
Overall investment appeal
What this ETF fits best — strengths, weaknesses, and target investor profile
Designed for short-term trading Not recommended for long-term investing, but suitable for short-term trading and hedging.
⚠️ Short-term hedge that moves opposite to the market. Time decay causes losses to accumulate on long holds.
🎯 목적별 적합도
내가 이 ETF를 어떤 목적으로 활용할 수 있는지 확인하세요.
부적합
부적합
매우 적합
매우 낮음
이런 분에게 어울려요
For short-term hedging and downside bets
✅ 강점
- 🎯Outperforms benchmark by +6.9%p annually
⚠️ 약점·주의사항
- 💸Very high expense ratio — 10.91% annually
- ⚠️Volatility is above average
- 🔄Inverse — time decay losses accumulate the longer you hold
Portfolio Composition
What's actually inside — sector weights and top holdings
파생상품 기반 ETF
실제 보유 종목이 일반 ETF와 다르게 스왑·선물 중심이에요.
ℹ️ 왜 구성을 봐야 하나요?
ETF의 실제 성과는 담고 있는 종목과 섹터에서 나와요. 이름이 "S&P 500"이라도 기술주 비중이 유난히 높을 수 있고, "배당주 ETF"라도 몇몇 대형주에 쏠려 있을 수 있어요. 라벨보다 실제 구성을 확인하는 게 중요해요.
🔬 집중도 한눈에 보기
총 보유종목
162개
상위 10개 비중
50.1%
최대 단일 종목
8.05%
집중도(HHI)
369
낮음 (분산)
⚠️ 소수 종목·섹터에 집중되어 있어, 해당 종목/섹터가 흔들리면 ETF 전체가 크게 영향을 받아요.
🥧 섹터 비중
Energy 13.0%
Consumer Defensive 5.0%
Communication Services 4.5%
Healthcare 2.1%
Consumer Cyclical 0.6%
Real Estate 0.1%
Financial -21.8%
📋 상위 보유 종목 Top 10 Top 10이 전체의 50.1% 차지
티커 옆의 점 색상 = 섹터 구분 (섹터 차트와 동일 색상)
#2 - Hikari Tsushin Inc 6.39%
Category Peers
Category: Global or ExUS Equities - Quant Strat
같은 카테고리 3종 중 AUM 2/3위 · 보수율 3/3위
카테고리: Global or ExUS Equities - Quant Strat
ℹ️ 왜 비교해야 하나요?
같은 카테고리 ETF끼리는 보수율·규모(AUM)·배당률을 비교해 볼 가치가 있어요. 보수율은 낮을수록 장기 수익에 유리하고, AUM이 크면 운용 안정성이 높아요. ▲ 표시는 ORR보다 유리, ▼ 표시는 ORR보다 불리를 뜻해요.
| 티커 | ETF명 | 보수율 | AUM | 보유종목 | 배당률 | YTD | 1년 |
|---|---|---|---|---|---|---|---|
| ORR | Militia Long/Short Equity ETF | 10.91% | $337M | 182 | - | +9.07% | +24.62% |
| First Trust Long/Short Equity ETF | 1.38% ▲ | $2.5B ▲ | 362 | 0.88% | - | +12.24% ▼ | |
| Unlimited HFEQ Equity Long/Short ETF | 0.96% ▲ | $18M ▼ | 22 | 4.47% | - | +21.63% ▼ |
AUM 내림차순 정렬 · ▲ ORR보다 유리 · ▼ ORR보다 불리
FAQ
What kind of ETF is ORR?
ORR is an ETF in the Global or ExUS Equities - Quant Strat category.
How many holdings does ORR have?
ORR holds a total of 182 securities, with an AUM of approximately $337M.
What is the 52-week high and low for ORR?
ORR has recorded a 52-week high of $39.39 and a low of $29.50.
면책조항: 본 콘텐츠는 참고 자료이며 투자 권유가 아닙니다. 모든 투자의 책임은 투자자 본인에게 있습니다.