ADAMH vs. ORR

Last updated Apr 1, 2026

Compare and contrast key facts about Adamas Trust, Inc. (ADAMH) and Militia Long/Short Equity ETF (ORR).

ORR is an actively managed fund by Militia Investments. It was launched on Jan 14, 2025.

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.

ADAMH vs. ORR - Yearly Performance Comparison

	2026 (YTD)	2025
ADAMH Adamas Trust, Inc.	-1.57%	6.34%
ORR Militia Long/Short Equity ETF	6.70%	9.95%

Returns By Period

In the year-to-date period, ADAMH achieves a -1.57% return, which is significantly lower than ORR's 6.70% return.

ADAMH

• 1D: -0.20%
• 1M: -1.19%
• YTD: -1.57%
• 6M: 3.25%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ORR

• 1D: 1.42%
• 1M: -6.73%
• YTD: 6.70%
• 6M: 15.81%
• 1Y: 30.93%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

Return for Risk

ADAMH vs. ORR — Risk / Return Rank

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

ORR

ORR Risk / Return Rank: 92
ORR Sharpe Ratio Rank: 91
ORR Sortino Ratio Rank: 93
ORR Omega Ratio Rank: 91
ORR Calmar Ratio Rank: 94
ORR Martin Ratio Rank: 92

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.

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

Sharpe Ratios by Period

	ADAMH	ORR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.01	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.75	2.22	-0.47

Correlation

The correlation between ADAMH and ORR is 0.13, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

ADAMH vs. ORR - Dividend Comparison

ADAMH's dividend yield for the trailing twelve months is around 7.26%, while ORR has not paid dividends to shareholders.

	TTM	2025
ADAMH Adamas Trust, Inc.	7.26%	4.59%
ORR Militia Long/Short Equity ETF	0.00%	0.00%

Drawdowns

ADAMH vs. ORR - Drawdown Comparison

The maximum ADAMH drawdown since its inception was -1.81%, smaller than the maximum ORR drawdown of -8.64%. 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%	-8.64%	+6.83%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.42%	—
Current Drawdown Current decline from peak	-1.57%	-6.73%	+5.16%
Average Drawdown Average peak-to-trough decline	-0.53%	-1.52%	+0.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.43%	—

Volatility

Volatility by Period

	ADAMH	ORR	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.51%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.77%	—
Volatility (1Y) Calculated over the trailing 1-year period	4.77%	15.45%	-10.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.77%	15.01%	-10.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.77%	15.01%	-10.24%