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Militia Long/Short Equity ETF (ORR) Sharpe Ratio: 1.96

ETF · Currency in USD · Last updated Jun 3, 2026

The Militia Long/Short Equity ETF seeks capital appreciation through a higher turnover, fundamental long-short global stock selection strategy.

ORR's Sharpe Ratio of 1.96 indicates that for each unit of volatility, it generates 1.96 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 3, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets.

ORR Sharpe Ratio Rank

ORR Sharpe Ratio Rank: 56.957
Average

ORR ranks above 56.9% of all investments in our database based on Sharpe Ratio over the past 12 months, showing balanced returns relative to total risk taken. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Returns are proportional to volatility—neither strong nor weak
  • Evaluate whether the volatility profile aligns with your risk tolerance
  • Review higher-ranked alternatives in the same category
  • Monitor rank direction to identify improving or deteriorating trends

ORR Sharpe Ratio Market Positioning

The chart shows ORR's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.90 or lower
  • Yellow zone (middle 50%): 0.90 to 2.51
  • Green zone (top 25%): 2.51 or higher
  • Top 1%: 7.67+
  • Median: 1.77 — half of all investments score higher

How it compares to other similar ETFs

The table compares Militia Long/Short Equity ETF's Sharpe Ratio with other ETFs in the Long-Short category across multiple time periods, showing how ORR's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 3, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
CLSEConvergence Long/Short Equity ETF3.75
QAIIQ Hedge Multi-Strategy Tracker ETF2.86
HTUSHull Tactical US ETF2.63
CSMProshares Large Cap Core Plus2.57
HDGProShares Hedge Replication2.49
IDUBAptus International Enhanced Yield ETF2.25
RSEERareview Systematic Equity ETF2.25
ORRMilitia Long/Short Equity ETF1.96
EMPBEfficient Market Portfolio Plus ETF1.89
FTLSFirst Trust Long/Short Equity ETF1.81

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows ORR's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when ORR consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does ORR fit in your portfolio?

Add your other holdings to see your portfolio's Sharpe Ratio and find out.

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