ORR vs. IBIC
ORR (Militia Long/Short Equity ETF) and IBIC (iShares iBonds Oct 2026 Term TIPS ETF) are both exchange-traded funds - ORR is a Long-Short fund actively managed by Militia Investments, while IBIC is a Inflation-Protected Bonds fund tracking the ICE 2026 Maturity US Inflation-Linked Treasury Index. ORR is actively managed, while IBIC is passively managed. Over the past year, ORR returned 25.94% vs 4.54% for IBIC. At a correlation of -0.18, they often move in opposite directions. ORR charges 14.19%/yr vs 0.10%/yr for IBIC.
Performance
ORR vs. IBIC - Performance Comparison
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Returns By Period
In the year-to-date period, ORR achieves a 4.60% return, which is significantly higher than IBIC's 2.37% return.
ORR
- 1D
- -0.67%
- 1M
- 0.38%
- YTD
- 4.60%
- 6M
- 8.08%
- 1Y
- 25.94%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBIC
- 1D
- 0.02%
- 1M
- 0.27%
- YTD
- 2.37%
- 6M
- 2.51%
- 1Y
- 4.54%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ORR vs. IBIC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ORR Militia Long/Short Equity ETF | 4.60% | 32.15% |
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 2.37% | 4.44% |
Correlation
The correlation between ORR and IBIC is -0.20, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.20 |
Correlation (All Time) Calculated using the full available price history since Jan 16, 2025 | -0.18 |
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Return for Risk
ORR vs. IBIC — Risk / Return Rank
ORR
IBIC
ORR vs. IBIC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Militia Long/Short Equity ETF (ORR) and iShares iBonds Oct 2026 Term TIPS ETF (IBIC). 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 | IBIC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.12 | ||
| Sortino ratioReturn per unit of downside risk | -6.42 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 2.24 | -0.91 |
| Calmar ratioReturn relative to maximum drawdown | 2.64 | 17.27 | -14.63 |
| Martin ratioReturn relative to average drawdown | 7.13 | 67.45 | -60.32 |
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 | IBIC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.93 | 5.05 | -3.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.74 | 3.49 | -1.75 |
Drawdowns
ORR vs. IBIC - Drawdown Comparison
The maximum ORR drawdown since its inception was -9.85%, which is greater than IBIC's maximum drawdown of -0.90%. Use the drawdown chart below to compare losses from any high point for ORR and IBIC.
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Drawdown Indicators
| ORR | IBIC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.85% | -0.90% | -8.95% |
Max Drawdown (1Y)Largest decline over 1 year | -9.85% | -0.26% | -9.59% |
Current DrawdownCurrent decline from peak | -8.57% | -0.13% | -8.44% |
Average DrawdownAverage peak-to-trough decline | -2.18% | -0.10% | -2.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.65% | 0.07% | +3.58% |
Volatility
ORR vs. IBIC - Volatility Comparison
Militia Long/Short Equity ETF (ORR) has a higher volatility of 4.06% compared to iShares iBonds Oct 2026 Term TIPS ETF (IBIC) at 0.33%. This indicates that ORR's price experiences larger fluctuations and is considered to be riskier than IBIC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ORR | IBIC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.06% | 0.33% | +3.73% |
Volatility (6M)Calculated over the trailing 6-month period | 10.92% | 0.67% | +10.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.52% | 0.90% | +12.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.34% | 1.58% | +13.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.34% | 1.58% | +13.76% |
ORR vs. IBIC - Expense Ratio Comparison
ORR has a 14.19% expense ratio, which is higher than IBIC's 0.10% expense ratio.
Dividends
ORR vs. IBIC - Dividend Comparison
ORR has not paid dividends to shareholders, while IBIC's dividend yield for the trailing twelve months is around 3.59%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 3.59% | 4.43% | 4.65% | 0.83% |
ORR Militia Long/Short Equity ETF | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ORR and IBIC have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ORR has higher volatility (4.06%) compared to IBIC (0.33%). In terms of maximum drawdown, ORR dropped -9.85% vs IBIC's -0.90%.
On 1-year performance, ORR leads with 25.94% vs 4.54% for IBIC. On fees, IBIC is cheaper at 0.10% per year. On volatility, IBIC has been the lower-risk option at 0.33%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, ORR has performed better with a 25.94% return vs 4.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIC is cheaper with a 0.10% expense ratio, compared with 14.19% for ORR.
IBIC has the higher dividend yield at 3.59%, compared with 0.00% for ORR.
ORR is categorized as Long-Short, while IBIC is Inflation-Protected Bonds. They also come from different issuers: Militia Investments and iShares. Their fees differ too: 14.19% for ORR and 0.10% for IBIC.
IBIC currently has the higher Sharpe Ratio (5.05 vs 1.93), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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