ORR vs VYM
Militia Long/Short Equity ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 616 holdings.
Side-by-Side Comparison
| Metric | ORR | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 10.91% | 0.04% | |
| AUM | $351M | $81.6B | |
| Dividend Yield | 0.00% | 2.24% | |
| Holdings | 181 | 616 | |
| YTD Return | +11.38% | +16.42% | |
| 1Y Return | +22.88% | +24.22% | |
| 3Y Return (annualized) | - | +19.03% | |
| 5Y Return (annualized) | - | +12.21% | |
| Volatility (annualized) | 12.1% | 14.6% | |
| Max Drawdown | -9.9% | -58.8% | |
| Fund Family | Militia Investments | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Jan 14, 2025 | Nov 10, 2006 |
ORR vs VYM Performance
Militia Long/Short Equity ETF (ORR) is a ETF from Militia Investments and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year ORR returned +22.88% while VYM returned +24.22%. Year to date, ORR is up 11.38% versus a gain of 16.42% for VYM.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% 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 -58.8% for VYM. 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 0.49. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
ORR charges 10.91% per year while VYM charges 0.04%. On a $10,000 position that is $1091 vs $4 annually, a gap of $1087 per year that compounds over a long holding period. On income, ORR currently yields 0.00% against 2.24% for VYM.
Holdings Overlap
ORR and VYM share 7 holdings out of 775 unique holdings combined, representing a 1.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, ORR or VYM?
ORR has an expense ratio of 10.91% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $1087 per year of difference.
Which performed better, ORR or VYM?
Over the past year ORR returned +22.88% vs +24.22% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (2 years), ORR annualized +28.42% vs +7.10% for VYM. Past performance does not guarantee future results.
Which is riskier, ORR or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 12.1% for ORR. Worst drawdown: ORR -9.9% vs VYM -58.8%.
Should I hold both ORR and VYM?
ORR and VYM have a monthly-return correlation of 0.49, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ORR and VYM?
ORR and VYM share 7 common holdings with a 1.5% weight overlap. Combined, they hold 775 unique securities.
Which pays a higher dividend, ORR or VYM?
ORR yields 0.00% while VYM yields 2.24%, so VYM currently pays the higher dividend yield.
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