Militia Long/Short Equity ETF (ORR) belongs to the Long-Short category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with ORR. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to ORR
ORR charges 14.19% annually. There are 27 ETFs in the Long-Short category with lower expense ratios, going as low as 0.40%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| iShares Flexible Equity Active ETF | 0.40% | 741.53M | May 2026 | ORR vs BFLX | |
| Proshares Large Cap Core Plus | 0.45% | 518.36M | Jul 2009 | ORR vs CSM | |
| Aptus International Enhanced Yield ETF | 0.45% | 372.15M | Jul 2021 | ORR vs IDUB | |
| Arin Tactical Tail Risk ETF | 0.63% | — | Oct 2025 | ORR vs ATTR | |
| Franklin Liberty Systematic Style Premia ETF | 0.65% | 946.37M | Dec 2019 | ORR vs FLSP |
Best Risk-Adjusted Alternatives to ORR
ORR has a PortfoliosLab risk / return rank of 68. There are 7 ETFs in the Long-Short category with higher risk-adjusted ranks, going as high as 96.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Convergence Long/Short Equity ETF | 96 | 447.61M | Dec 2009 | ORR vs CLSE | |
| Franklin Liberty Systematic Style Premia ETF | 82 | 946.37M | Dec 2019 | ORR vs FLSP | |
| NYLI Hedge Multi-Strategy Tracker ETF | 77 | 762.37M | Mar 2009 | ORR vs QAI | |
| Hull Tactical US ETF | 75 | 137.43M | Jun 2015 | ORR vs HTUS | |
| ProShares Hedge Replication | 74 | 21.57M | Jul 2011 | ORR vs HDG |
Top Performing ORR Alternatives (YTD)
ORR is at 8.15% YTD. There are 10 ETFs in the Long-Short category with higher YTD returns, going as high as 23.64%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Convergence Long/Short Equity ETF | 23.64% | 447.61M | Dec 2009 | ORR vs CLSE | |
| Harbor Long-Short Equity ETF | 22.96% | 16.40M | Dec 2023 | ORR vs LSEQ | |
| Changebridge Capital Long/Short Equity ETF | 16.34% | 60.15M | Nov 2020 | ORR vs CBLS | |
| Aptus International Enhanced Yield ETF | 14.33% | 372.15M | Jul 2021 | ORR vs IDUB | |
| Efficient Market Portfolio Plus ETF | 13.08% | — | Dec 2024 | ORR vs EMPB |
Lowest Volatility Alternatives to ORR
ORR has 14.32% 1-year volatility. There are 14 ETFs in the Long-Short category with lower 1-year volatility, going as low as 3.21%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Arin Tactical Tail Risk ETF | 3.21% | — | Oct 2025 | ORR vs ATTR | |
| ProShares Hedge Replication | 6.34% | 21.57M | Jul 2011 | ORR vs HDG | |
| Federated Hermes MDT Market Neutral ETF | 6.59% | 82.10M | Sep 2025 | ORR vs MKTN | |
| NYLI Hedge Multi-Strategy Tracker ETF | 6.74% | 762.37M | Mar 2009 | ORR vs QAI | |
| AltShares Event-Driven ETF | 7.57% | 8.62M | Dec 2014 | ORR vs EVNT |
Lowest Drawdown Alternatives to ORR
ORR has a 1-year max drawdown of -9.90%. There are 12 ETFs in the Long-Short category with shallower 1-year drawdowns, going as shallow as -3.35%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| AltShares Event-Driven ETF | -3.35% | 8.62M | Dec 2014 | ORR vs EVNT | |
| NYLI Hedge Multi-Strategy Tracker ETF | -3.71% | 762.37M | Mar 2009 | ORR vs QAI | |
| First Trust Long/Short Equity ETF | -3.79% | 2.45B | Sep 2014 | ORR vs FTLS | |
| ProShares Hedge Replication | -3.97% | 21.57M | Jul 2011 | ORR vs HDG | |
| Franklin Liberty Systematic Style Premia ETF | -4.03% | 946.37M | Dec 2019 | ORR vs FLSP |
Often Compared With ORR
Investors most often compare ORR with HFGM, HECA, SPY. These 20 comparison targets span 10 categories, based on PortfoliosLab usage data.
Compare ORR with Any Fund or Stock
Compare ORR with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair ORR with funds that move differently
Militia Long/Short Equity ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to ORR.
Explore ORR Diversifiers