ORR vs VOO
Militia Long/Short Equity ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. ORR delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | ORR | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 10.91% | 0.03% | |
| AUM | $351M | $997.4B | |
| Dividend Yield | 0.00% | 1.08% | |
| Holdings | 181 | 509 | |
| YTD Return | +11.38% | +14.27% | |
| 1Y Return | +22.88% | +21.79% | |
| 3Y Return (annualized) | - | +22.19% | |
| 5Y Return (annualized) | - | +13.28% | |
| Volatility (annualized) | 12.1% | 14.2% | |
| Max Drawdown | -9.9% | -34.3% | |
| Fund Family | Militia Investments | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Jan 14, 2025 | Sep 7, 2010 |
ORR vs VOO Performance
Militia Long/Short Equity ETF (ORR) is a ETF from Militia Investments and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year ORR returned +22.88% while VOO returned +21.79%. Year to date, ORR is up 11.38% versus a gain of 14.27% for VOO.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.2% compared with 12.1% 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 -34.3% for VOO. 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 0.00. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
ORR charges 10.91% per year while VOO charges 0.03%. On a $10,000 position that is $1091 vs $3 annually, a gap of $1088 per year that compounds over a long holding period. On income, ORR currently yields 0.00% against 1.08% for VOO.
Holdings Overlap
ORR and VOO share 12 holdings out of 672 unique holdings combined, representing a 7.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, ORR or VOO?
ORR has an expense ratio of 10.91% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $1088 per year of difference.
Which performed better, ORR or VOO?
Over the past year ORR returned +22.88% vs +21.79% for VOO, so ORR leads on 1-year performance. Over the longest common window we track (2 years), ORR annualized +28.42% vs +13.59% for VOO. Past performance does not guarantee future results.
Which is riskier, ORR or VOO?
VOO has been the more volatile fund at 14.2% annualized versus 12.1% for ORR. Worst drawdown: ORR -9.9% vs VOO -34.3%.
Should I hold both ORR and VOO?
ORR and VOO have a monthly-return correlation of 0.00, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ORR and VOO?
ORR and VOO share 12 common holdings with a 7.9% weight overlap. Combined, they hold 672 unique securities.
Which pays a higher dividend, ORR or VOO?
ORR yields 0.00% while VOO yields 1.08%, so VOO currently pays the higher dividend yield.
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