ORR vs. ATTR

Last updated Jun 24, 2026

ORR (Militia Long/Short Equity ETF) and ATTR (Arin Tactical Tail Risk ETF) are both Long-Short funds. Both are actively managed. At a 0.47 correlation, their price movements are largely independent. ORR charges 14.19%/yr vs 0.63%/yr for ATTR.

Performance

ORR vs. ATTR - Performance Comparison

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

Returns By Period

In the year-to-date period, ORR achieves a 4.80% return, which is significantly higher than ATTR's 3.44% return.

ORR

• 1D: -2.08%
• 1M: -1.16%
• YTD: 4.80%
• 6M: 4.56%
• 1Y: 24.69%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ATTR

• 1D: -0.34%
• 1M: -0.61%
• YTD: 3.44%
• 6M: 3.33%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ORR vs. ATTR - Yearly Performance Comparison

	2026 (YTD)	2025
ORR Militia Long/Short Equity ETF	4.80%	6.61%
ATTR Arin Tactical Tail Risk ETF	3.44%	0.53%

Correlation

The correlation between ORR and ATTR is 0.47, 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 28, 2025	0.47

Return for Risk

ORR vs. ATTR — Risk / Return Rank

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

ORR

ORR Risk / Return Rank: 50
ORR Sharpe Ratio Rank: 54
ORR Sortino Ratio Rank: 53
ORR Omega Ratio Rank: 49
ORR Calmar Ratio Rank: 53
ORR Martin Ratio Rank: 40

ATTR

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

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.

ORR vs. ATTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Militia Long/Short Equity ETF (ORR) and Arin Tactical Tail Risk ETF (ATTR). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	ORR	ATTR	Difference
Sharpe ratio: Return per unit of total volatility	1.76	—	—
Sortino ratio: Return per unit of downside risk	2.45	—	—
Omega ratio: Gain probability vs. loss probability	1.30	—	—
Calmar ratio: Return relative to maximum drawdown	2.50	—	—
Martin ratio: Return relative to average drawdown	6.10	—	—

Drawdowns

ORR vs. ATTR - Drawdown Comparison

The maximum ORR drawdown since its inception was -9.90%, which is greater than ATTR's maximum drawdown of -1.76%. Use the drawdown chart below to compare losses from any high point for ORR and ATTR.

Drawdown Indicators

	ORR	ATTR	Difference
Max Drawdown Largest peak-to-trough decline	-9.90%	-1.76%	-8.14%
Max Drawdown (1Y) Largest decline over 1 year	-9.90%	—	—
Current Drawdown Current decline from peak	-8.39%	-0.97%	-7.42%
Average Drawdown Average peak-to-trough decline	-2.38%	-0.22%	-2.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.06%	—	—

Volatility

Volatility by Period

	ORR	ATTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.01%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.37%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	14.12%	3.17%	+10.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.47%	3.17%	+12.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.47%	3.17%	+12.30%

ORR vs. ATTR - Expense Ratio Comparison

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

Dividends

ORR vs. ATTR - Dividend Comparison

Neither ORR nor ATTR has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both ORR and ATTR in my portfolio?

ORR and ATTR have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ORR or ATTR?

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, ORR or ATTR?

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

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

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

What is the main difference between ORR and ATTR?

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