# Militia Long/Short Equity ETF (ORR)

> Source: Nexqual · https://nexqual.com/ORR · data as of 2026-10-23 20:00 UTC · cite as "Nexqual, Militia Long/Short Equity ETF (ORR), nexqual.com/ORR" · informational, not investment advice.

**Price:** USD 38.7 (-0.26% on the day) · last close of Oct 23, 2026; US market closed, not a live price. Prev close 38.8 · day 38.46–38.83 · 52w 31.33–39.8 · market cap null · NGM

## Key facts
- Total return with dividends: 1Y +22.4% vs S&P 500 +13.4%; 5Y +49.0% vs S&P 500 +76.9%.

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-24) | 5Y (from 2025-01-13) |
|---|---|---|
| Total return | +22.4% | +49.0% |
| S&P 500 (SPY) | +13.4% | +76.9% |
| Per year | +22.5% | +25.2% |
| Volatility (annualized) | 14.2% | 13.9% |
| Max drawdown | -9.9% (Feb 2026→Jun 2026) | -9.3% (Feb 2026→Jun 2026) |

## Peers
CLSE (Convergence Long/Short Equity E) USD 33.37 -0.10% · HFGM (Unlimited HFGM Global Macro ETF) USD 30.47 +1.24% · CTA (Simplify Managed Futures Strate) USD 30.77 +2.43% · FTLS (First Trust Long/Short Equity) USD 76.68 +0.09% · DBMF (iMGP DBi Managed Futures Strate) USD 32.73 +0.83%

## More
Full page: https://nexqual.com/ORR · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Options: expected move (Cboe, 15-min delayed)

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 27 | 27.4% | ±5.2% |
| 2027-01-15 | 83 | 20.6% | ±8.2% |