IVV vs ORR
iShares Core S&P 500 ETF vs Militia Long/Short Equity ETF
Which is better, IVV or ORR?
Large Cap Blend against All Cap Blend.
IVV has a lower expense ratio. ORR led over 1Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | IVV | ORR |
|---|---|---|
| Expense Ratio | 0.03%Best | 10.91% |
| AUM | $886.7B | $355M |
| Dividend Yield | 1.10% | 0.00% |
| Holdings | 508 | 181 |
| YTD Return | +13.39% | +13.81%Best |
| 1Y Return | +20.08% | +24.83%Best |
| 3Y Return (annualized) | +21.29% | - |
| 5Y Return (annualized) | +12.88% | - |
| Volatility (annualized) | 12.9% | 11.7%Best |
| Max Drawdown | -18.8% | -9.9%Best |
| $10,000 over 1.6 years | $13,152 | $15,026Best |
| Fund Family | iShares by BlackRock (US) | Militia Investments |
| Category | Equity | Equity |
| Style | Large Cap Blend | All Cap Blend |
| Inception | May 15, 2000 | Jan 14, 2025 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.6 years row, are measured over the window both funds cover: Jan 15, 2025 to Sep 4, 2026 (1.6 years).
IVV vs ORR growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 1.6 years both funds cover.
IVV vs ORR Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Militia Long/Short Equity ETF (ORR) is an ETF from Militia Investments. Over the past year IVV returned +20.08% while ORR returned +24.83%. Year to date, IVV is up 13.39% versus a gain of 13.81% for ORR.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 12.9% compared with 11.7% for ORR. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -18.8% for IVV and -9.9% for ORR. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.03. They move largely independently of each other.
Fees and Cost Over Time
IVV charges 0.03% per year while ORR charges 10.91%. On a $10,000 position that is $3 vs $1091 annually, a gap of $1088 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 0.00% for ORR.
Holdings Overlap
At least 9.7% of IVV's money is in holdings ORR also owns.
Only one direction is shown: for ORR, our book for it lists positions totalling 138.5% of the fund, which is what a leveraged book looks like and is not a denominator we can divide by.
IVV and ORR share little of their money.
12 positions in common, counted across the 505 positions we hold weights for in IVV and 179 in ORR, against full books of 508 and 181.
Top Shared Holdings
| Stock | Weight in IVV | Weight in ORR | Difference |
|---|---|---|---|
| AMZNAmazon.Com Inc | 4.01% | 3.62% | 0.39% |
| GOOGAlphabet Inc. C | 2.56% | 4.20% | 1.64% |
| LLYEli Lilly & Co. | 1.39% | 0.71% | 0.68% |
| MSMorgan Stanley | 0.39% | 0.59% | 0.20% |
| BLKBlackrock Funding Inc/De | 0.25% | 0.72% | 0.47% |
| APPAppLovin Corp. Com Cl A | 0.17% | 0.73% | 0.56% |
| LHXL3Harris Technologies Inc. | 0.08% | 0.69% | 0.61% |
| CBOECboe Global Market | 0.04% | 0.71% | 0.67% |
| WFCWells Fargo & Co. | 0.41% | -1.01% | 1.42% |
| DLRDigital Realty Trust Inc. | 0.10% | -1.05% | 1.15% |
You are not choosing between two funds in isolation.
Whichever of IVV and ORR you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IVV or ORR?
IVV has an expense ratio of 0.03% while ORR charges 10.91%. IVV is the cheaper option, by $1088 a year on a $10,000 investment.
Which performed better, IVV or ORR?
Over the past year IVV returned +20.08% vs +24.83% for ORR, so ORR leads on 1-year performance. Over the longest common window we track (2 years), IVV annualized +18.68% vs +28.98% for ORR. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or ORR?
IVV has been the more volatile fund at 12.9% annualized versus 11.7% for ORR. Worst drawdown: IVV -18.8% vs ORR -9.9%.
Should I hold both IVV and ORR?
IVV and ORR have a monthly-return correlation of 0.03, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between IVV and ORR?
At least 9.7% of IVV's money is in holdings ORR also owns. Our book for ORR is partial, so the real figure is this or higher. They hold 12 positions in common, counted across the 505 positions we hold weights for in IVV and 179 in ORR.
Which pays a higher dividend, IVV or ORR?
IVV yields 1.10% while ORR yields 0.00%, so IVV currently pays the higher dividend yield.
Is ORR better than IVV?
IVV has a lower expense ratio. ORR led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.