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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Fund Methodology
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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 4/30/2025
Fund + Index 1m 3m 6m YTD 1Y 3Y 5Y 10Y Since Inception Inception Date
EQRR Market Price -5.84% -5.19% -2.83% -1.38% -3.43% 5.68% 18.51% -- 6.73% 07/24/2017
EQRR NAV -5.71% -5.14% -2.63% -1.60% -3.27% 5.77% 17.50% -- 6.75% 07/24/2017
Nasdaq U.S. Large Cap Equities for Rising Rates Index -5.70% -5.08% -2.48% -1.50% -2.95% 6.12% 17.94% -- 7.15% --

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 4/30/2025
  • Number of Companies
    50
  • Price/Earnings Ratio
    15.48
  • Price/Book Ratio
    2.74

    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
    $131.79 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 6/05/2025
  • NAV
    $57.88
  • NAV Change
    $-0.02 down caret
  • Market Price
    $57.88
  • Market Price Change
    $-0.06 down caret
  • Trading Volume (M)
    197
  • 30-Day Median Bid Ask Spread
    0.19%
  • 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 4/30/2025
  • Number of Companies
    50
  • Price/Earnings Ratio
    15.48
  • Price/Book Ratio
    2.74

    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
    $131.79 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 6/05/2025
  • NAV
    $57.88
  • NAV Change
    $-0.02 down caret
  • Market Price
    $57.88
  • Market Price Change
    $-0.06 down caret
  • Trading Volume (M)
    197
  • 30-Day Median Bid Ask Spread
    0.19%
  • View Premium / Discount

Exposures

Index as of 3/31/2025 and Fund as of 6/05/2025

Holdings

as of 6/05/2025

Weight Ticker Description Exposure Value
(Notional + GL)		 Market Value Shares/Contracts SEDOL Number
3.28% DG DOLLAR GENERAL CORP -- $323,191.76 2,839 B5B1S13
3.27% MPC MARATHON PETROLEUM CORP -- $321,957.35 2,035 B3K3L40
2.88% VLO VALERO ENERGY CORP -- $283,069.28 2,231 2041364
2.86% WMT WALMART INC -- $281,145.20 2,870 2936921
2.84% UAL UNITED AIRLINES HOLDINGS INC -- $279,698.35 3,481 B4QG225
2.68% TJX TJX COMPANIES INC -- $263,528.53 2,069 2989301
2.63% GPC GENUINE PARTS CO -- $258,268.32 2,064 2367480
2.61% EOG EOG RESOURCES INC -- $257,145.48 2,316 2318024
2.60% FANG DIAMONDBACK ENERGY INC -- $256,069.35 1,863 B7Y8YR3
2.58% CTRA COTERRA ENERGY INC -- $254,085.39 10,233 2162340
2.58% XOM EXXON MOBIL CORP -- $253,454.87 2,489 2326618
2.55% OXY OCCIDENTAL PETROLEUM CORP -- $251,129.10 6,005 2655408
2.48% COP CONOCOPHILLIPS -- $244,442.40 2,864 2685717
2.46% AZO AUTOZONE INC -- $242,141.25 65 2065955
2.46% CVX CHEVRON CORP -- $241,628.50 1,765 2838555
2.44% FOXA FOX CORP - CLASS A -- $240,341.76 4,464 BJJMGL2
2.43% ORLY O'REILLY AUTOMOTIVE INC -- $238,693.20 174 B65LWX6
2.41% DECK DECKERS OUTDOOR CORP -- $237,112.48 2,189 2267278
2.39% TSCO TRACTOR SUPPLY COMPANY -- $235,075.05 4,569 2900335
2.35% SLB SCHLUMBERGER LTD -- $231,526.92 6,999 2779201
2.12% MCK MCKESSON CORP -- $208,498.80 293 2378534
2.09% COR CENCORA INC -- $205,636.33 713 2795393
2.06% CASY CASEY'S GENERAL STORES INC -- $202,788.95 455 2179414
2.03% MO ALTRIA GROUP INC -- $199,491.01 3,359 2692632
1.97% KR KROGER CO -- $194,016.96 2,929 2497406
1.95% ADM ARCHER-DANIELS-MIDLAND CO -- $191,772.36 4,082 2047317
1.92% KDP KEURIG DR PEPPER INC -- $188,620.08 5,793 BD3W133
1.90% HSY HERSHEY CO/THE -- $187,197.00 1,150 2422806
1.87% IBKR INTERACTIVE BROKERS GRO-CL A -- $183,862.98 889 B1WT4X2
1.87% CVS CVS HEALTH CORP -- $183,625.88 2,911 2577609
1.84% STZ CONSTELLATION BRANDS INC-A -- $181,518.40 1,064 2170473
1.69% LPLA LPL FINANCIAL HOLDINGS INC -- $166,090.59 437 B75JX34
1.61% JPM JPMORGAN CHASE & CO -- $158,479.75 605 2190385
1.58% WFC WELLS FARGO & CO -- $155,192.80 2,072 2649100
1.56% CME CME GROUP INC -- $153,669.10 559 2965839
1.53% RGA REINSURANCE GROUP OF AMERICA -- $150,587.36 748 2731193
1.52% AIG AMERICAN INTERNATIONAL GROUP -- $149,826.68 1,754 2027342
1.50% PGR PROGRESSIVE CORP -- $147,105.00 525 2705024
1.48% MET METLIFE INC -- $145,178.88 1,848 2573209
1.45% ZS ZSCALER INC -- $142,617.12 474 BZ00V34
1.42% EG EVEREST GROUP LTD -- $139,247.10 405 2556868
1.26% JBL JABIL INC -- $123,955.52 718 2471789
1.20% DELL DELL TECHNOLOGIES -C -- $118,305.56 1,058 BHKD3S6
1.18% PSTG PURE STORAGE INC - CLASS A -- $115,806.60 2,121 BYZ62T3
1.09% NTNX NUTANIX INC - A -- $107,717.50 1,375 BYQBFT8
1.09% IBM INTL BUSINESS MACHINES CORP -- $107,010.86 401 2005973
1.08% CDW CDW CORP/DE -- $106,552.98 606 BBM5MD6
1.08% GOOGL ALPHABET INC-CL A -- $106,476.93 633 BYVY8G0
1.08% LDOS LEIDOS HOLDINGS INC -- $106,120.10 730 BDV82B8
0.88% HPQ HP INC -- $86,425.30 3,499 BYX4D52
-- -- NET OTHER ASSETS (LIABILITIES) -- $31,677.69 31,678 --
Download Holdings (.csv)This links to a pdf fileThis link opens a new window

Index

as of 3/31/2025

  • Total Number of Companies50
  • Price/Earnings Ratio14.887
  • Price/Book Ratio2.323
  • Dividend Yield ( % )2.41
  • Avg. Index Market Capitalization$85.30 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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