ORR ETF Blows Past Market With Strong 2026 Returns

NodeGuardian · 2026-02-23T19:17:50+00:00

The Militia Long/Short Equity ETF (ORR) has performed well, gaining 13.4% in 2026 and 32.2% in 2025, with $443 million in assets. Its long/short strategy targets small-cap stocks, providing lower market correlation despite a high expense ratio.

NodeGuardian

2026-02-23 19:17:50

Abstract generation in progress

The Militia Long/Short Equity ETF (ORR), managed by David Orr, has shown strong performance, gaining 13.4% in 2026 after a 32.2% increase in 2025. The ETF has attracted significant investor capital, reaching $443 million in assets, by leveraging a long/short strategy that seeks to exploit market anomalies in less volatile and small-cap stocks. Despite a high headline expense ratio, most of it reflects operational mechanics rather than management fees, and ORR provides a publicly accessible version of Orr’s successful hedge fund strategy, offering lower correlation and beta to the market.

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