ATTR vs. ORR

Last updated Jun 4, 2026

ATTR (Arin Tactical Tail Risk ETF) and ORR (Militia Long/Short Equity ETF) are both Long-Short funds. Both are actively managed. At a 0.40 correlation, their price movements are largely independent. ATTR charges 0.63%/yr vs 14.19%/yr for ORR.

Performance

ATTR vs. ORR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Arin Tactical Tail Risk ETF (ATTR) 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, ATTR achieves a 4.25% return, which is significantly lower than ORR's 4.60% return.

ATTR

• 1D: -0.12%
• 1M: 0.85%
• YTD: 4.25%
• 6M: 4.37%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ORR

• 1D: -0.67%
• 1M: 0.38%
• YTD: 4.60%
• 6M: 8.08%
• 1Y: 25.94%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ATTR vs. ORR - Yearly Performance Comparison

	2026 (YTD)	2025
ATTR Arin Tactical Tail Risk ETF	4.25%	0.58%
ORR Militia Long/Short Equity ETF	4.60%	7.30%

Correlation

The correlation between ATTR and ORR is 0.40, 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 Oct 29, 2025	0.40

Return for Risk

ATTR 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: 52
ORR Sharpe Ratio Rank: 56
ORR Sortino Ratio Rank: 56
ORR Omega Ratio Rank: 53
ORR Calmar Ratio Rank: 52
ORR Martin Ratio Rank: 44

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.

ATTR vs. ORR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Arin Tactical Tail Risk ETF (ATTR) 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

	ATTR	ORR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.93	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.81	1.74	+1.08

Drawdowns

ATTR vs. ORR - Drawdown Comparison

The maximum ATTR drawdown since its inception was -1.76%, smaller than the maximum ORR drawdown of -9.85%. Use the drawdown chart below to compare losses from any high point for ATTR and ORR.

Drawdown Indicators

	ATTR	ORR	Difference
Max Drawdown Largest peak-to-trough decline	-1.76%	-9.85%	+8.09%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.85%	—
Current Drawdown Current decline from peak	-0.19%	-8.57%	+8.38%
Average Drawdown Average peak-to-trough decline	-0.18%	-2.18%	+2.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.65%	—

Volatility

Volatility by Period

	ATTR	ORR	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.06%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.92%	—
Volatility (1Y) Calculated over the trailing 1-year period	2.97%	13.52%	-10.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.97%	15.34%	-12.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.97%	15.34%	-12.37%

ATTR vs. ORR - Expense Ratio Comparison

ATTR has a 0.63% expense ratio, which is lower than ORR's 14.19% expense ratio.

Dividends

ATTR vs. ORR - Dividend Comparison

Neither ATTR nor ORR has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both ATTR and ORR in my portfolio?

ATTR and ORR have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ATTR or ORR?

On fees, ATTR is cheaper at 0.63% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ATTR or ORR?

ATTR is cheaper with a 0.63% expense ratio, compared with 14.19% for ORR.

Which ETF pays a higher dividend yield, ATTR or ORR?

ATTR and ORR have nearly identical dividend yields, around 0.00%.

What is the main difference between ATTR and ORR?

They also come from different issuers: Arin Risk Advisors and Militia Investments. Their fees differ too: 0.63% for ATTR and 14.19% for ORR.