ORR vs QQQ
Militia Long/Short Equity ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. ORR offers more diversification with 181 holdings.
Side-by-Side Comparison
| Metric | ORR | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 10.91% | 0.18% | |
| AUM | $351M | $496.3B | |
| Dividend Yield | 0.00% | 0.44% | |
| Holdings | 181 | 108 | |
| YTD Return | +9.66% | +17.30% | |
| 1Y Return | +19.57% | +24.93% | |
| 3Y Return (annualized) | - | +26.19% | |
| 5Y Return (annualized) | - | +15.34% | |
| Volatility (annualized) | 12.4% | 30.6% | |
| Max Drawdown | -9.9% | -83.0% | |
| Fund Family | Militia Investments | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Jan 14, 2025 | Mar 10, 1999 |
ORR vs QQQ Performance
Militia Long/Short Equity ETF (ORR) is a ETF from Militia Investments and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year ORR returned +19.57% while QQQ returned +24.93%. Year to date, ORR is up 9.66% versus a gain of 17.30% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 12.4% 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 -9.9% for ORR and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at -0.24. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
ORR charges 10.91% per year while QQQ charges 0.18%. On a $10,000 position that is $1091 vs $18 annually, a gap of $1073 per year that compounds over a long holding period. On income, ORR currently yields 0.00% against 0.44% for QQQ.
Holdings Overlap
ORR and QQQ share 4 holdings out of 277 unique holdings combined, representing a 7.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, ORR or QQQ?
ORR has an expense ratio of 10.91% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $1073 per year of difference.
Which performed better, ORR or QQQ?
Over the past year ORR returned +19.57% vs +24.93% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), ORR annualized +26.95% vs +13.06% for QQQ. Past performance does not guarantee future results.
Which is riskier, ORR or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 12.4% for ORR. Worst drawdown: ORR -9.9% vs QQQ -83.0%.
Should I hold both ORR and QQQ?
ORR and QQQ have a monthly-return correlation of -0.24, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ORR and QQQ?
ORR and QQQ share 4 common holdings with a 7.3% weight overlap. Combined, they hold 277 unique securities.
Which pays a higher dividend, ORR or QQQ?
ORR yields 0.00% while QQQ yields 0.44%, so QQQ currently pays the higher dividend yield.
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