ORR vs. CSM
Compare and contrast key facts about Militia Long/Short Equity ETF (ORR) and Proshares Large Cap Core Plus (CSM).
ORR and CSM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ORR is an actively managed fund by Militia Investments. It was launched on Jan 14, 2025. 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.
Performance
ORR vs. CSM - Performance Comparison
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ORR vs. CSM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ORR Militia Long/Short Equity ETF | 8.11% | 32.15% |
CSM Proshares Large Cap Core Plus | -4.71% | 20.07% |
Returns By Period
In the year-to-date period, ORR achieves a 8.11% return, which is significantly higher than CSM's -4.71% return.
ORR
- 1D
- 1.32%
- 1M
- -3.83%
- YTD
- 8.11%
- 6M
- 18.65%
- 1Y
- 32.27%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CSM
- 1D
- 1.19%
- 1M
- -3.83%
- YTD
- -4.71%
- 6M
- -0.83%
- 1Y
- 19.48%
- 3Y*
- 18.03%
- 5Y*
- 11.69%
- 10Y*
- 12.97%
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ORR vs. CSM - Expense Ratio Comparison
ORR has a 14.19% expense ratio, which is higher than CSM's 0.45% expense ratio.
Return for Risk
ORR vs. CSM — Risk / Return Rank
ORR
CSM
ORR vs. CSM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Militia Long/Short Equity ETF (ORR) and Proshares Large Cap Core Plus (CSM). 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.
| ORR | CSM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.09 | 1.03 | +1.06 |
Sortino ratioReturn per unit of downside risk | 2.90 | 1.58 | +1.32 |
Omega ratioGain probability vs. loss probability | 1.40 | 1.24 | +0.16 |
Calmar ratioReturn relative to maximum drawdown | 3.88 | 1.56 | +2.32 |
Martin ratioReturn relative to average drawdown | 13.31 | 7.10 | +6.21 |
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
| ORR | CSM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.09 | 1.03 | +1.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.69 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.71 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.30 | 0.81 | +1.49 |
Correlation
The correlation between ORR and CSM is 0.38, 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
ORR vs. CSM - Dividend Comparison
ORR has not paid dividends to shareholders, while CSM's dividend yield for the trailing twelve months is around 1.15%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
CSM Proshares Large Cap Core Plus | 1.15% | 1.04% | 1.06% | 1.17% | 1.37% | 0.78% | 1.21% | 1.41% | 1.54% | 1.28% | 1.49% | 1.67% |
Drawdowns
ORR vs. CSM - Drawdown Comparison
The maximum ORR drawdown since its inception was -8.64%, smaller than the maximum CSM drawdown of -36.11%. Use the drawdown chart below to compare losses from any high point for ORR and CSM.
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Drawdown Indicators
| ORR | CSM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.64% | -36.11% | +27.47% |
Max Drawdown (1Y)Largest decline over 1 year | -8.42% | -12.92% | +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 | -5.50% | -6.07% | +0.57% |
Average DrawdownAverage peak-to-trough decline | -1.53% | -4.07% | +2.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.45% | 2.84% | -0.39% |
Volatility
ORR vs. CSM - Volatility Comparison
Militia Long/Short Equity ETF (ORR) and Proshares Large Cap Core Plus (CSM) have volatilities of 5.00% and 4.97%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ORR | CSM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.00% | 4.97% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 9.70% | 9.54% | +0.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.48% | 19.00% | -3.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.03% | 17.12% | -2.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.03% | 18.37% | -3.34% |