HFMF vs. ORR
Compare and contrast key facts about Unlimited HFMF Managed Futures ETF (HFMF) and Militia Long/Short Equity ETF (ORR).
HFMF and ORR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HFMF is an actively managed fund by Unlimited. It was launched on Jul 14, 2025. ORR is an actively managed fund by Militia Investments. It was launched on Jan 14, 2025.
Performance
HFMF vs. ORR - Performance Comparison
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HFMF vs. ORR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HFMF Unlimited HFMF Managed Futures ETF | 11.75% | 6.34% |
ORR Militia Long/Short Equity ETF | 6.70% | 17.55% |
Returns By Period
In the year-to-date period, HFMF achieves a 11.75% return, which is significantly higher than ORR's 6.70% return.
HFMF
- 1D
- 1.40%
- 1M
- -1.69%
- YTD
- 11.75%
- 6M
- 12.93%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ORR
- 1D
- 1.42%
- 1M
- -6.73%
- YTD
- 6.70%
- 6M
- 15.81%
- 1Y
- 30.93%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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HFMF vs. ORR - Expense Ratio Comparison
HFMF has a 0.97% expense ratio, which is lower than ORR's 14.19% expense ratio.
Return for Risk
HFMF vs. ORR — Risk / Return Rank
HFMF
ORR
HFMF vs. ORR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Unlimited HFMF Managed Futures ETF (HFMF) 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.
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Sharpe Ratios by Period
| HFMF | 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 | 1.56 | 2.22 | -0.65 |
Correlation
The correlation between HFMF and ORR is 0.31, 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
HFMF vs. ORR - Dividend Comparison
HFMF's dividend yield for the trailing twelve months is around 2.66%, while ORR has not paid dividends to shareholders.
| TTM | 2025 | |
|---|---|---|
HFMF Unlimited HFMF Managed Futures ETF | 2.66% | 2.97% |
ORR Militia Long/Short Equity ETF | 0.00% | 0.00% |
Drawdowns
HFMF vs. ORR - Drawdown Comparison
The maximum HFMF drawdown since its inception was -7.77%, smaller than the maximum ORR drawdown of -8.64%. Use the drawdown chart below to compare losses from any high point for HFMF and ORR.
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Drawdown Indicators
| HFMF | ORR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.77% | -8.64% | +0.87% |
Max Drawdown (1Y)Largest decline over 1 year | — | -8.42% | — |
Current DrawdownCurrent decline from peak | -6.48% | -6.73% | +0.25% |
Average DrawdownAverage peak-to-trough decline | -1.70% | -1.52% | -0.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.43% | — |
Volatility
HFMF vs. ORR - Volatility Comparison
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Volatility by Period
| HFMF | 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 | 17.66% | 15.45% | +2.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.66% | 15.01% | +2.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.66% | 15.01% | +2.65% |