EQRR

Equities for Rising Rates ETF

Why EQRR?

  • The first U.S. equity ETF specifically designed to outperform traditional U.S. large-cap indexes during periods of rising interest rates.

  • Targets sectors that have had the highest correlations to 10-Year U.S. Treasury yields and within those sectors, the stocks that have had a strong tendency to outperform as rates rise.

  • Can be used to complement traditional large-cap equity investments.

How to buy
View all Fund detail sections

Why EQRR?

  • The first U.S. equity ETF specifically designed to outperform traditional U.S. large-cap indexes during periods of rising interest rates.

  • Targets sectors that have had the highest correlations to 10-Year U.S. Treasury yields and within those sectors, the stocks that have had a strong tendency to outperform as rates rise.

  • Can be used to complement traditional large-cap equity investments.

How to buy

Investment Objective

ProShares Equities for Rising Rates ETF seeks investment results, before fees and expenses, that track the performance of the Nasdaq U.S. Large Cap Equities for Rising Rates Index. The goal of the fund is to provide relative outperformance, as compared to traditional U.S. large-cap indexes, such as the S&P 500®, during periods of rising U.S. Treasury interest rates.

Documents & Downloads
Fund Fact Sheet
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Fund Profile
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Attribution Report
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NAV History
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You may order paper copies by contacting ProShares Client Services at 866-PRO-5125 (866-776-5125)

Performance

Growth of $10,000

Since Inception
Since Inception
Year-to-Date
1 Month
3 Months
6 Months
1 Year
3 Years
5 Years
10 Years

Chart is updated nightly to reflect the more recent of the previous day's market closing price or the closing price on the day the fund was last traded.

Total Return

Month-End Total Returns as of 2/28/2025
Fund + Index 1m 3m 6m YTD 1Y 3Y 5Y 10Y Since Inception Inception Date
EQRR Market Price 1.93% -3.49% 3.30% 6.03% 7.99% 6.94% 14.57% -- 7.91% 07/24/2017
EQRR NAV 1.76% -3.53% 3.25% 5.56% 7.98% 6.87% 14.42% -- 7.90% 07/24/2017
Nasdaq U.S. Large Cap Equities for Rising Rates Index 1.80% -3.44% 3.43% 5.64% 8.39% 7.24% 14.84% -- 8.30% --

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Shares are bought and sold at market price (not NAV) and are not individually redeemed from the fund. Market price returns are based upon the midpoint of the bid/ask spread at 4:00 p.m. ET (when NAV is normally determined for most funds) and do not represent the returns you would receive if you traded shares at other times. Your brokerage commissions will reduce returns. Current performance may be lower or higher than the performance quoted. For standardized returns and performance data current to the most recent month end, see above.

About the Fund

Snapshot
  • Ticker
    EQRR
  • Intraday Ticker
    EQRR.IV
  • CUSIP
    74347B391
  • Inception Date
    7/24/17
  • Expense Ratio
    0.35%
  • NAV Calculation Time
    4:00 p.m. ET
  • Distributions
    Quarterly
Characteristics
as of 2/28/2025
  • Number of Companies
    50
  • Price/Earnings Ratio
    14.68
  • Price/Book Ratio
    2.2

    Price to book ratio measures market value of a fund or index relative to the collective book values of its component stocks.

  • Avg. Market Cap
    $87.58 billion

    Weighted average market cap is the average market value of a fund or index, weighted for the market capitalization (price times shares outstanding) of each component. In such a weighting scheme, larger market cap companies carry greater weight than smaller market cap companies.

Price
as of 3/24/2025
  • NAV
    $59.30
  • NAV Change
    $+0.79 up caret
  • Market Price
    $59.30
  • Market Price Change
    $+0.75 up caret
  • Trading Volume (M)
    1,019
  • 30-Day Median Bid Ask Spread
    0.17%
  • View Premium / Discount
Snapshot
  • Ticker
    EQRR
  • Intraday Ticker
    EQRR.IV
  • CUSIP
    74347B391
  • Inception Date
    7/24/17
  • Expense Ratio
    0.35%
  • NAV Calculation Time
    4:00 p.m. ET
  • Distributions
    Quarterly
Characteristics
as of 2/28/2025
  • Number of Companies
    50
  • Price/Earnings Ratio
    14.68
  • Price/Book Ratio
    2.2

    Price to book ratio measures market value of a fund or index relative to the collective book values of its component stocks.

  • Avg. Market Cap
    $87.58 billion

    Weighted average market cap is the average market value of a fund or index, weighted for the market capitalization (price times shares outstanding) of each component. In such a weighting scheme, larger market cap companies carry greater weight than smaller market cap companies.

Price
as of 3/24/2025
  • NAV
    $59.30
  • NAV Change
    $+0.79 up caret
  • Market Price
    $59.30
  • Market Price Change
    $+0.75 up caret
  • Trading Volume (M)
    1,019
  • 30-Day Median Bid Ask Spread
    0.17%
  • View Premium / Discount

Exposures

Index as of 12/31/2024 and Fund as of 3/24/2025

Holdings

as of 3/24/2025

Weight Ticker Description Exposure Value
(Notional + GL)		 Market Value Shares/Contracts SEDOL Number
3.65% CVS CVS HEALTH CORP -- $411,298.59 6,087 2577609
3.43% CTRA COTERRA ENERGY INC -- $387,111.60 13,185 2162340
3.30% CVX CHEVRON CORP -- $372,120.10 2,255 2838555
3.18% SLB SCHLUMBERGER LTD -- $358,453.20 8,596 2779201
3.18% VLO VALERO ENERGY CORP -- $358,244.25 2,715 2041364
3.16% MPC MARATHON PETROLEUM CORP -- $355,939.92 2,394 B3K3L40
3.14% XOM EXXON MOBIL CORP -- $353,421.60 3,052 2326618
3.07% EOG EOG RESOURCES INC -- $345,944.19 2,697 2318024
3.04% COP CONOCOPHILLIPS -- $342,643.07 3,353 2685717
2.93% FANG DIAMONDBACK ENERGY INC -- $330,392.52 2,052 B7Y8YR3
2.75% HAL HALLIBURTON CO -- $310,476.80 12,128 2405302
2.74% MCK MCKESSON CORP -- $308,621.62 467 2378534
2.64% MO ALTRIA GROUP INC -- $297,992.85 5,169 2692632
2.61% CTVA CORTEVA INC -- $293,715.24 4,732 BK73B42
2.45% CASY CASEY'S GENERAL STORES INC -- $276,375.00 670 2179414
2.41% UBER UBER TECHNOLOGIES INC -- $271,151.44 3,544 BK6N347
2.35% HSY HERSHEY CO/THE -- $264,783.76 1,576 2422806
2.28% KHC KRAFT HEINZ CO/THE -- $257,042.24 8,827 BYRY499
2.24% BG BUNGE GLOBAL SA -- $252,192.96 3,468 BQ6BPG9
2.21% AZO AUTOZONE INC -- $248,731.76 68 2065955
2.19% ORLY O'REILLY AUTOMOTIVE INC -- $246,655.94 181 B65LWX6
2.18% ADM ARCHER-DANIELS-MIDLAND CO -- $245,955.15 5,355 2047317
2.07% FOXA FOX CORP - CLASS A -- $233,848.20 4,380 BJJMGL2
1.97% LUV SOUTHWEST AIRLINES CO -- $221,756.60 6,365 2831543
1.94% STZ CONSTELLATION BRANDS INC-A -- $219,220.48 1,216 2170473
1.80% BKNG BOOKING HOLDINGS INC -- $202,517.96 43 BDRXDB4
1.79% HLT HILTON WORLDWIDE HOLDINGS IN -- $201,629.52 867 BYVMW06
1.66% AIG AMERICAN INTERNATIONAL GROUP -- $187,513.40 2,227 2027342
1.64% MAR MARRIOTT INTERNATIONAL -CL A -- $185,347.96 763 2210614
1.55% UAL UNITED AIRLINES HOLDINGS INC -- $174,398.28 2,174 B4QG225
1.53% DAL DELTA AIR LINES INC -- $172,888.56 3,537 B1W9D46
1.51% L LOEWS CORP -- $169,939.20 1,920 2523022
1.51% WFC WELLS FARGO & CO -- $169,804.08 2,286 2649100
1.48% JPM JPMORGAN CHASE & CO -- $167,192.44 674 2190385
1.48% LPLA LPL FINANCIAL HOLDINGS INC -- $166,427.38 487 B75JX34
1.48% MET METLIFE INC -- $166,339.68 1,976 2573209
1.40% BAC BANK OF AMERICA CORP -- $157,894.62 3,666 2295677
1.37% PRU PRUDENTIAL FINANCIAL INC -- $154,572.60 1,365 2819118
1.35% RGA REINSURANCE GROUP OF AMERICA -- $152,363.52 768 2731193
1.33% RJF RAYMOND JAMES FINANCIAL INC -- $150,033.60 1,035 2718992
1.05% STLD STEEL DYNAMICS INC -- $118,427.10 935 2849472
1.04% NUE NUCOR CORP -- $117,717.60 924 2651086
1.04% LIN LINDE PLC -- $117,527.04 256 BNZHB81
1.02% RS RELIANCE INC -- $114,956.00 400 2729068
1.01% FAST FASTENAL CO -- $114,255.90 1,485 2332262
0.93% LYB LYONDELLBASELL INDU-CL A -- $105,277.48 1,463 B3SPXZ3
0.93% IP INTERNATIONAL PAPER CO -- $105,078.87 1,989 2465254
0.90% AVY AVERY DENNISON CORP -- $101,780.75 575 2066408
0.87% CF CF INDUSTRIES HOLDINGS INC -- $98,111.91 1,277 B0G4K50
0.86% WLK WESTLAKE CORP -- $97,414.85 949 B01ZP20
-- -- NET OTHER ASSETS (LIABILITIES) -- $38,156.39 38,156 --
Download Holdings (.csv)This links to a pdf fileThis link opens a new window

Index

as of 12/31/2024

  • Total Number of Companies50
  • Price/Earnings Ratio13.712
  • Price/Book Ratio2.201
  • Dividend Yield ( % )2.45
  • Avg. Index Market Capitalization$70.52 billion
About the Index

The Nasdaq U.S. Large Cap Equities for Rising Rates Index is designed to measure the performance of companies in the Nasdaq U.S. Large Cap Index whose stock prices have historically exhibited relatively high correlation tomovements in interest rates.

Distributions

For

2025
  • 2025
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
Ex-Dividend Date Record Date Payable Date Dividend Long-Term Capital Gain Short-Term Capital Gain Return of Capital

Rising Rates Insights and Research

The Current Case for a Rate Hedged Bond Strategy

Even a minor rise in interest rates drags on corporate bond returns. Interest rate hedged strategies target zero rate risk while maintaining return potential.
Read More

Bond Strategies for Rising Rates—Shorten, Float or Hedge?

The Next Rate Hike
Get the latest perspectives and updates.

For the total return table above, since inception returns are cumulative for funds less than one year old; otherwise, returns are annualized. Market returns are based on the composite closing price and do not represent the returns you would receive if you traded shares at other times. The listing date is typically one or more days after the fund inception date. Therefore, NAV is used to calculate market returns prior to the listing date.

The expense ratio for certain funds includes a contractual fee waiver that results in a lower net expense ratio for some or all periods shown. For information about this ETF’s fees, please see above.

Holdings are subject to change. ProShares may invest in financial instruments (including derivatives) that, in combination, should have daily price return characteristics similar to the fund's benchmark.

Registered Investment Companies are required by the IRS to distribute substantially all of their income and capital gains to shareholders at least annually. For specific tax advice, we recommend you speak with a qualified tax professional.

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Shares are bought and sold at market price (not NAV) and are not individually redeemed from the fund. Market price returns are based upon the midpoint of the bid/ask spread at 4:00 p.m. ET (when NAV is normally determined for most funds) and do not represent the returns you would receive if you traded shares at other times. Your brokerage commissions will reduce returns. Current performance may be lower or higher than the performance quoted. For standardized returns and performance data current to the most recent month end, see above.

Index information does not reflect any management fees, transaction costs or expenses. Indexes are unmanaged, and one cannot invest directly in an index.

There is no guarantee that capital gain distributions will not be made in the future. There is no guarantee that dividends or interest income will be paid.

There is no guarantee any ProShares ETF will achieve its investment objective.

Shares of any ETF are generally bought and sold at market price (not NAV) and are not individually redeemed from the fund. Your brokerage commissions will reduce returns.

Investing involves risk, including the possible loss of principal. This ProShares ETF is subject to certain risks, including the risk that the fund may not track the performance of the index and that the fund’s market price may fluctuate, which may decrease performance. Please see their summary and full prospectuses for a more complete description of risks.

The fund is designed to provide relative outperformance, as compared to traditional U.S. large-cap indexes, such as the S&P 500, during periods of rising U.S. Treasury interest rates. As a result, the fund may be more susceptible to underperformance in a falling rate environment. There can be no guarantee that the fund will provide positive returns or outperform other indexes.

The fund concentrates its investments in certain sectors. Narrowly focused investments typically exhibit higher volatility.

Carefully consider the investment objectives, risks, charges and expenses of ProShares before investing. This and other information can be found in their summary and full prospectuses. Read them carefully before investing.

Nasdaq® is a registered trademark of Nasdaq, Inc. and is licensed for use by ProShare Advisors LLC. ProShares ETFs have not been passed on by Nasdaq, Inc. or its affiliates as to their legality or suitability. ProShares ETFs based on the Nasdaq U.S. Large Cap Equities for Rising Rates Index are not issued, sponsored, endorsed, sold, or promoted by Nasdaq, Inc. or its affiliates, and they make no representation regarding the advisability of investing in ProShares ETFs.THESE ENTITIES AND THEIR AFFILIATES MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO PROSHARES.

Quote data provided by Interactive Data - Real Time Services, Inc. and subject to terms of use.

ProShares are distributed by SEI Investments Distribution Co., which is not affiliated with the funds’ advisor or sponsor.

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