ORR vs. JAKVX
ORR (Militia Long/Short Equity ETF) and JAKVX (John Hancock Disciplined Value Global Long/Short Fund Class R6) are both Long-Short funds. Both are actively managed. Over the past year, ORR returned 28.36% vs 23.28% for JAKVX. Their 0.31 correlation means their historical movements had little consistent relationship. ORR charges 10.91%/yr vs 1.54%/yr for JAKVX.
Performance
ORR vs. JAKVX - Performance Comparison
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Returns By Period
In the year-to-date period, ORR achieves a 14.14% return, which is significantly higher than JAKVX's 12.87% return.
ORR
- 1D
- 0.52%
- 1M
- 6.07%
- 6M
- 6.85%
- YTD
- 14.14%
- 1Y
- 28.36%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 30.34%
JAKVX
- 1D
- 0.11%
- 1M
- 1.85%
- 6M
- 7.65%
- YTD
- 12.87%
- 1Y
- 23.28%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 25.01%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $2.54M | $2.79M | $3.94M |
ORR vs. JAKVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ORR Militia Long/Short Equity ETF | 14.14% | 22.66% |
JAKVX John Hancock Disciplined Value Global Long/Short Fund Class R6 | 12.87% | 17.29% |
Correlation
The correlation between ORR and JAKVX is 0.36, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.36 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2025 | 0.31 |
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Return for Risk
ORR vs. JAKVX — Risk / Return Rank
ORR
JAKVX
ORR vs. JAKVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Militia Long/Short Equity ETF (ORR) and John Hancock Disciplined Value Global Long/Short Fund Class R6 (JAKVX). 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 | JAKVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.85 | ||
| Sortino ratioReturn per unit of downside risk | -1.24 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.55 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 2.88 | 4.35 | -1.48 |
| Martin ratioReturn relative to average drawdown | 6.36 | 13.10 | -6.74 |
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Drawdowns
ORR vs. JAKVX - Drawdown Comparison
The maximum ORR drawdown since its inception was -9.90%, which is greater than JAKVX's maximum drawdown of -5.16%. Use the drawdown chart below to compare losses from any high point for ORR and JAKVX.
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Drawdown Indicators
| ORR | JAKVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.90% | -5.16% | -4.74% |
Max Drawdown (1Y)Largest decline over 1 year | -9.90% | -5.16% | -4.74% |
Current DrawdownCurrent decline from peak | -0.23% | -1.04% | +0.81% |
Average DrawdownAverage peak-to-trough decline | -2.59% | -0.99% | -1.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.47% | 1.71% | +2.76% |
Volatility
ORR vs. JAKVX - Volatility Comparison
Militia Long/Short Equity ETF (ORR) has a higher volatility of 4.40% compared to John Hancock Disciplined Value Global Long/Short Fund Class R6 (JAKVX) at 1.82%. This indicates that ORR's price experiences larger fluctuations and is considered to be riskier than JAKVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ORR | JAKVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.40% | 1.82% | +2.58% |
Volatility (6M)Calculated over the trailing 6-month period | 11.53% | 6.37% | +5.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.38% | 7.92% | +6.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.34% | 7.46% | +7.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.34% | 7.46% | +7.88% |
ORR vs. JAKVX - Expense Ratio Comparison
ORR has a 10.91% expense ratio, which is higher than JAKVX's 1.54% expense ratio.
Dividends
ORR vs. JAKVX - Dividend Comparison
ORR has not paid dividends to shareholders, while JAKVX's dividend yield for the trailing twelve months is around 7.51%.
| Position | TTM | 2025 |
|---|---|---|
JAKVX John Hancock Disciplined Value Global Long/Short Fund Class R6 | 7.51% | 8.47% |
ORR Militia Long/Short Equity ETF | 0.00% | 0.00% |
Frequently Asked Questions
ORR and JAKVX have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ORR has higher volatility (4.40%) compared to JAKVX (1.82%). In terms of maximum drawdown, ORR dropped -9.90% vs JAKVX's -5.16%.
JAKVX currently has the higher Sharpe Ratio (2.84 vs 1.98), 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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