ADAMH vs. ORR

Last updated Jun 25, 2026

ADAMH (Adamas Trust, Inc.) is a stock, while ORR (Militia Long/Short Equity ETF) is Long-Short fund actively managed by Militia Investments. At a 0.15 correlation, their price movements are largely independent.

Performance

ADAMH vs. ORR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Adamas Trust, Inc. (ADAMH) and Militia Long/Short Equity ETF (ORR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ADAMH achieves a 3.68% return, which is significantly lower than ORR's 4.71% return.

ADAMH

• 1D: 0.16%
• 1M: 1.81%
• YTD: 3.68%
• 6M: 4.28%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ORR

• 1D: -0.08%
• 1M: -1.24%
• YTD: 4.71%
• 6M: 4.77%
• 1Y: 23.96%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ADAMH vs. ORR - Yearly Performance Comparison

	2026 (YTD)	2025
ADAMH Adamas Trust, Inc.	3.68%	6.09%
ORR Militia Long/Short Equity ETF	4.71%	9.56%

Correlation

The correlation between ADAMH and ORR is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 3, 2025	0.15

Return for Risk

ADAMH vs. ORR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ADAMH

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

ORR

ORR Risk / Return Rank: 52
ORR Sharpe Ratio Rank: 57
ORR Sortino Ratio Rank: 56
ORR Omega Ratio Rank: 51
ORR Calmar Ratio Rank: 55
ORR Martin Ratio Rank: 41

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ADAMH vs. ORR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Adamas Trust, Inc. (ADAMH) and Militia Long/Short Equity ETF (ORR). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	ADAMH	ORR	Difference
Sharpe ratio: Return per unit of total volatility	—	1.70	—
Sortino ratio: Return per unit of downside risk	—	2.39	—
Omega ratio: Gain probability vs. loss probability	—	1.29	—
Calmar ratio: Return relative to maximum drawdown	—	2.43	—
Martin ratio: Return relative to average drawdown	—	5.87	—

Drawdowns

ADAMH vs. ORR - Drawdown Comparison

The maximum ADAMH drawdown since its inception was -1.81%, smaller than the maximum ORR drawdown of -9.90%. Use the drawdown chart below to compare losses from any high point for ADAMH and ORR.

Drawdown Indicators

	ADAMH	ORR	Difference
Max Drawdown Largest peak-to-trough decline	-1.81%	-9.90%	+8.09%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.90%	—
Current Drawdown Current decline from peak	0.00%	-8.47%	+8.47%
Average Drawdown Average peak-to-trough decline	-0.44%	-2.39%	+1.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.09%	—

Volatility

Volatility by Period

	ADAMH	ORR	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.96%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.36%	—
Volatility (1Y) Calculated over the trailing 1-year period	4.81%	14.13%	-9.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.81%	15.45%	-10.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.81%	15.45%	-10.64%

Dividends

ADAMH vs. ORR - Dividend Comparison

ADAMH's dividend yield for the trailing twelve months is around 9.47%, while ORR has not paid dividends to shareholders.

Position	TTM	2025
ADAMH Adamas Trust, Inc.	9.47%	4.59%
ORR Militia Long/Short Equity ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both ADAMH and ORR in my portfolio?

ADAMH and ORR have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.