WCOS.L vs. ORR
WCOS.L (SPDR MSCI World Consumer Staples UCITS ETF) and ORR (Militia Long/Short Equity ETF) are both exchange-traded funds - WCOS.L is a Consumer Staples Equities fund tracking the Cat 50%MSCI Wld/CD NR&50%MSCI Wld/CS NR, while ORR is a Long-Short fund actively managed by Militia Investments. WCOS.L is passively managed, while ORR is actively managed. Over the past year, WCOS.L returned 1.65% vs 25.94% for ORR. At a 0.11 correlation, their price movements are largely independent. WCOS.L charges 0.30%/yr vs 14.19%/yr for ORR.
Performance
WCOS.L vs. ORR - Performance Comparison
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Returns By Period
In the year-to-date period, WCOS.L achieves a 3.77% return, which is significantly lower than ORR's 4.60% return.
WCOS.L
- 1D
- 0.67%
- 1M
- -3.71%
- YTD
- 3.77%
- 6M
- 3.26%
- 1Y
- 1.65%
- 3Y*
- 6.07%
- 5Y*
- 3.93%
- 10Y*
- 5.64%
ORR
- 1D
- -0.67%
- 1M
- 0.38%
- YTD
- 4.60%
- 6M
- 8.08%
- 1Y
- 25.94%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
WCOS.L vs. ORR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
WCOS.L SPDR MSCI World Consumer Staples UCITS ETF | 3.77% | 11.64% |
ORR Militia Long/Short Equity ETF | 4.60% | 32.15% |
Correlation
The correlation between WCOS.L and ORR is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Jan 16, 2025 | 0.11 |
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Return for Risk
WCOS.L vs. ORR — Risk / Return Rank
WCOS.L
ORR
WCOS.L vs. ORR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI World Consumer Staples UCITS ETF (WCOS.L) 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.
| WCOS.L | ORR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.79 | ||
| Sortino ratioReturn per unit of downside risk | -2.43 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.33 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 0.17 | 2.64 | -2.48 |
| Martin ratioReturn relative to average drawdown | 0.37 | 7.13 | -6.76 |
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
| WCOS.L | ORR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.13 | 1.93 | -1.79 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 1.74 | -1.27 |
Drawdowns
WCOS.L vs. ORR - Drawdown Comparison
The maximum WCOS.L drawdown since its inception was -23.55%, which is greater than ORR's maximum drawdown of -9.85%. Use the drawdown chart below to compare losses from any high point for WCOS.L and ORR.
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Drawdown Indicators
| WCOS.L | ORR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.55% | -9.85% | -13.70% |
Max Drawdown (1Y)Largest decline over 1 year | -9.72% | -9.85% | +0.13% |
Max Drawdown (3Y)Largest decline over 3 years | -11.62% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -17.62% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -23.55% | — | — |
Current DrawdownCurrent decline from peak | -8.86% | -8.57% | -0.29% |
Average DrawdownAverage peak-to-trough decline | -4.19% | -2.18% | -2.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.35% | 3.65% | +0.70% |
Volatility
WCOS.L vs. ORR - Volatility Comparison
SPDR MSCI World Consumer Staples UCITS ETF (WCOS.L) has a higher volatility of 4.60% compared to Militia Long/Short Equity ETF (ORR) at 4.06%. This indicates that WCOS.L's price experiences larger fluctuations and is considered to be riskier than ORR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WCOS.L | ORR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.60% | 4.06% | +0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 10.04% | 10.92% | -0.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.28% | 13.52% | -1.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.16% | 15.34% | -3.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.58% | 15.34% | -2.76% |
WCOS.L vs. ORR - Expense Ratio Comparison
WCOS.L has a 0.30% expense ratio, which is lower than ORR's 14.19% expense ratio.
Dividends
WCOS.L vs. ORR - Dividend Comparison
Neither WCOS.L nor ORR has paid dividends to shareholders.
Frequently Asked Questions
WCOS.L and ORR have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WCOS.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WCOS.L is cheaper with a 0.30% expense ratio, compared with 14.19% for ORR.
WCOS.L is categorized as Consumer Staples Equities, while ORR is Long-Short. They also come from different issuers: State Street and Militia Investments. Their fees differ too: 0.30% for WCOS.L and 14.19% for ORR.
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