ORR ETF — Militia Long/Short Equity ETF

Militia Long/Short Equity ETF (ORR)

Updated October 16, 2026.

ORR is an ETF. its expense ratio is 10.91%. Total return is 50.1% over the past 1.7 years, 18.8 points ahead of SPY at 31.3%.

Militia Long/Short Equity ETF is an actively managed ETF that seeks long-term capital appreciation by taking both long and short positions in equity securities and ETFs selected by its sub-adviser, Militia Investments, LLC; the fund is non-diversified. The fund does not currently distribute income to shareholders. The expense ratio is 10.91%, which is substantially higher than typical equity ETFs, reflecting the active management and hedging strategy involved.

ORR performance versus SPY

Price and return data through 2026-10-16.

Total return is 50.1% over the past 1.7 years, 18.8 points ahead of SPY at 31.3%. Over the past year its total return — price change plus distributions reinvested — is 25.2%. Its deepest 1-year drawdown was 9.9%.

ORR key facts

Issuer

Alpha Architect

Asset type

ETF

Asset class

Equity

Inception date

01/14/2025

Expense ratio

10.91%

Distribution frequency

None

Last close

$38.80 (as of 2026-10-16)

AUM

$347,624,750

Average volume

59834.0

Beta

0.545

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Alpha Architect or company page; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

ORR risks and drawbacks

The deepest 1-year drawdown on record here is 9.9%.

Who may consider ORR — and who may not

It is a weaker fit for investors who need monthly cash flow (ORR does not currently distribute). This is educational context, not a recommendation to buy or sell.

More on ORR

• All tickers starting with O

Tagged: Active, Hedged.

Frequently asked questions

More securities from Alpha Architect.