MOOD vs. ORR

Last updated Apr 1, 2026

Compare and contrast key facts about Relative Sentiment Tactical Allocation ETF (MOOD) and Militia Long/Short Equity ETF (ORR).

MOOD and ORR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MOOD is an actively managed fund by Relative Sentiment. It was launched on May 18, 2022. ORR is an actively managed fund by Militia Investments. It was launched on Jan 14, 2025.

Performance

MOOD vs. ORR - Performance Comparison

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

MOOD vs. ORR - Yearly Performance Comparison

	2026 (YTD)	2025
MOOD Relative Sentiment Tactical Allocation ETF	6.71%	27.67%
ORR Militia Long/Short Equity ETF	6.70%	32.15%

Returns By Period

The year-to-date returns for both stocks are quite close, with MOOD having a 6.71% return and ORR slightly lower at 6.70%.

MOOD

• 1D: 1.73%
• 1M: -5.99%
• YTD: 6.71%
• 6M: 13.43%
• 1Y: 31.94%
• 3Y*: 18.49%
• 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)

MOOD vs. ORR - Expense Ratio Comparison

MOOD has a 0.68% expense ratio, which is lower than ORR's 14.19% expense ratio.

ORR

Militia Long/Short Equity ETF

MOOD

Relative Sentiment Tactical Allocation ETF

Return for Risk

MOOD vs. ORR — Risk / Return Rank

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

MOOD

MOOD Risk / Return Rank: 93
MOOD Sharpe Ratio Rank: 94
MOOD Sortino Ratio Rank: 92
MOOD Omega Ratio Rank: 95
MOOD Calmar Ratio Rank: 93
MOOD Martin Ratio Rank: 91

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.

MOOD vs. ORR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Relative Sentiment Tactical Allocation ETF (MOOD) 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.

	MOOD	ORR	Difference
Sharpe ratio Return per unit of total volatility	2.25	2.01	+0.24
Sortino ratio Return per unit of downside risk	2.68	2.80	-0.11
Omega ratio Gain probability vs. loss probability	1.45	1.39	+0.06
Calmar ratio Return relative to maximum drawdown	3.32	3.57	-0.25
Martin ratio Return relative to average drawdown	11.99	12.39	-0.40
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MOOD vs. ORR - Sharpe Ratio Comparison

The current MOOD Sharpe Ratio is 2.25, which is comparable to the ORR Sharpe Ratio of 2.01. The chart below compares the historical Sharpe Ratios of MOOD and ORR, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MOOD	ORR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.25	2.01	+0.24
Sharpe Ratio (All Time) Calculated using the full available price history	1.23	2.22	-0.98

Correlation

The correlation between MOOD and ORR is 0.40, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

MOOD vs. ORR - Dividend Comparison

MOOD's dividend yield for the trailing twelve months is around 0.38%, while ORR has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022
MOOD Relative Sentiment Tactical Allocation ETF	0.38%	0.40%	1.33%	1.34%	1.43%
ORR Militia Long/Short Equity ETF	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

MOOD vs. ORR - Drawdown Comparison

The maximum MOOD drawdown since its inception was -14.34%, which is greater than ORR's maximum drawdown of -8.64%. Use the drawdown chart below to compare losses from any high point for MOOD and ORR.

Drawdown Indicators

	MOOD	ORR	Difference
Max Drawdown Largest peak-to-trough decline	-14.34%	-8.64%	-5.70%
Max Drawdown (1Y) Largest decline over 1 year	-9.71%	-8.42%	-1.29%
Current Drawdown Current decline from peak	-7.29%	-6.73%	-0.56%
Average Drawdown Average peak-to-trough decline	-2.27%	-1.52%	-0.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.69%	2.43%	+0.26%

Volatility

MOOD vs. ORR - Volatility Comparison

The current volatility for Relative Sentiment Tactical Allocation ETF (MOOD) is 5.20%, while Militia Long/Short Equity ETF (ORR) has a volatility of 5.51%. This indicates that MOOD 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.

Volatility by Period

	MOOD	ORR	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.20%	5.51%	-0.31%
Volatility (6M) Calculated over the trailing 6-month period	13.00%	9.77%	+3.23%
Volatility (1Y) Calculated over the trailing 1-year period	14.26%	15.45%	-1.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.18%	15.01%	-2.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.18%	15.01%	-2.83%