CSM vs. ORR
Compare and contrast key facts about Proshares Large Cap Core Plus (CSM) and Militia Long/Short Equity ETF (ORR).
CSM and ORR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CSM is a passively managed fund by ProShares that tracks the performance of the Credit Suisse 130/30 Large-Cap Index. It was launched on Jul 13, 2009. ORR is an actively managed fund by Militia Investments. It was launched on Jan 14, 2025.
Performance
CSM vs. ORR - Performance Comparison
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CSM vs. ORR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CSM Proshares Large Cap Core Plus | -5.83% | 20.07% |
ORR Militia Long/Short Equity ETF | 6.70% | 32.15% |
Returns By Period
In the year-to-date period, CSM achieves a -5.83% return, which is significantly lower than ORR's 6.70% return.
CSM
- 1D
- 2.46%
- 1M
- -4.91%
- YTD
- -5.83%
- 6M
- -1.69%
- 1Y
- 18.78%
- 3Y*
- 17.57%
- 5Y*
- 11.42%
- 10Y*
- 12.84%
ORR
- 1D
- 1.42%
- 1M
- -6.73%
- YTD
- 6.70%
- 6M
- 15.81%
- 1Y
- 30.93%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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CSM vs. ORR - Expense Ratio Comparison
CSM has a 0.45% expense ratio, which is lower than ORR's 14.19% expense ratio.
Return for Risk
CSM vs. ORR — Risk / Return Rank
CSM
ORR
CSM vs. ORR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Proshares Large Cap Core Plus (CSM) 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.
| CSM | ORR | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.99 | 2.01 | -1.02 |
Sortino ratioReturn per unit of downside risk | 1.53 | 2.80 | -1.27 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.39 | -0.16 |
Calmar ratioReturn relative to maximum drawdown | 1.49 | 3.57 | -2.09 |
Martin ratioReturn relative to average drawdown | 6.81 | 12.39 | -5.58 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CSM | ORR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.99 | 2.01 | -1.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.70 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.81 | 2.22 | -1.41 |
Correlation
The correlation between CSM and ORR is 0.37, 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
CSM vs. ORR - Dividend Comparison
CSM's dividend yield for the trailing twelve months is around 1.16%, while ORR has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CSM Proshares Large Cap Core Plus | 1.16% | 1.04% | 1.06% | 1.17% | 1.37% | 0.78% | 1.21% | 1.41% | 1.54% | 1.28% | 1.49% | 1.67% |
ORR Militia Long/Short Equity ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
CSM vs. ORR - Drawdown Comparison
The maximum CSM drawdown since its inception was -36.11%, which is greater than ORR's maximum drawdown of -8.64%. Use the drawdown chart below to compare losses from any high point for CSM and ORR.
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Drawdown Indicators
| CSM | ORR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.11% | -8.64% | -27.47% |
Max Drawdown (1Y)Largest decline over 1 year | -12.92% | -8.42% | -4.50% |
Max Drawdown (5Y)Largest decline over 5 years | -23.82% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -36.11% | — | — |
Current DrawdownCurrent decline from peak | -7.17% | -6.73% | -0.44% |
Average DrawdownAverage peak-to-trough decline | -4.07% | -1.52% | -2.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.82% | 2.43% | +0.39% |
Volatility
CSM vs. ORR - Volatility Comparison
The current volatility for Proshares Large Cap Core Plus (CSM) is 4.79%, while Militia Long/Short Equity ETF (ORR) has a volatility of 5.51%. This indicates that CSM experiences smaller price fluctuations and is considered to be less risky than ORR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CSM | ORR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.79% | 5.51% | -0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 9.49% | 9.77% | -0.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.97% | 15.45% | +3.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.12% | 15.01% | +2.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.37% | 15.01% | +3.36% |