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.

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.

Performance

Growth of $10,000

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

Fund + Index 1m 3m 6m YTD 1Y 3Y 5Y 10Y Since Inception Inception Date
EQRR Market Price 3.61% -3.62% -6.99% 2.19% -1.21% 5.23% 17.77% -- 7.14% 07/24/2017
EQRR NAV 3.42% -3.60% -7.00% 1.76% -1.30% 4.66% 17.41% -- 7.13% 07/24/2017
Nasdaq U.S. Large Cap Equities for Rising Rates Index 3.45% -3.54% -6.86% 1.90% -0.98% 5.00% 17.85% -- 7.53% --

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 5/31/2025
  • Number of Companies
    50
  • Price/Earnings Ratio
    15.91
  • Price/Book Ratio
    2.43

    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
    $137.53 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 7/01/2025
  • NAV
    $59.93
  • NAV Change
    $+0.59 up caret
  • Market Price
    $59.97
  • Market Price Change
    $+0.58 up caret
  • Trading Volume (M)
    406
  • 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 5/31/2025
  • Number of Companies
    50
  • Price/Earnings Ratio
    15.91
  • Price/Book Ratio
    2.43

    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
    $137.53 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 7/01/2025
  • NAV
    $59.93
  • NAV Change
    $+0.59 up caret
  • Market Price
    $59.97
  • Market Price Change
    $+0.58 up caret
  • Trading Volume (M)
    406
  • View Premium / Discount

Exposures

Index as of 3/31/2025 and Fund as of 7/01/2025

Holdings

as of 7/01/2025

Weight Ticker Description Exposure Value
(Notional + GL)
Market Value Shares/Contracts SEDOL Number
3.38% MPC MARATHON PETROLEUM CORP -- $344,488.65 2,027 B3K3L40
3.20% DG DOLLAR GENERAL CORP -- $326,068.40 2,828 B5B1S13
3.01% VLO VALERO ENERGY CORP -- $306,658.22 2,222 2041364
2.76% WMT WALMART INC -- $280,769.92 2,858 2936921
2.74% EOG EOG RESOURCES INC -- $279,464.14 2,306 2318024
2.72% UAL UNITED AIRLINES HOLDINGS INC -- $277,453.30 3,466 B4QG225
2.66% XOM EXXON MOBIL CORP -- $270,696.72 2,478 2326618
2.58% COP CONOCOPHILLIPS -- $262,355.48 2,852 2685717
2.55% FANG DIAMONDBACK ENERGY INC -- $260,211.20 1,856 B7Y8YR3
2.53% TJX TJX COMPANIES INC -- $257,829.60 2,060 2989301
2.53% GPC GENUINE PARTS CO -- $257,573.70 2,055 2367480
2.52% OXY OCCIDENTAL PETROLEUM CORP -- $256,302.80 5,980 2655408
2.51% CVX CHEVRON CORP -- $255,912.06 1,758 2838555
2.51% CTRA COTERRA ENERGY INC -- $255,717.28 10,192 2162340
2.44% FOXA FOX CORP - CLASS A -- $248,842.62 4,446 BJJMGL2
2.42% TSCO TRACTOR SUPPLY COMPANY -- $246,064.00 4,550 2900335
2.41% SLB SCHLUMBERGER LTD -- $245,344.00 6,970 2779201
2.37% AZO AUTOZONE INC -- $241,708.35 65 2065955
2.31% ORLY O'REILLY AUTOMOTIVE INC -- $235,028.50 2,597 B65LWX6
2.27% CASY CASEY'S GENERAL STORES INC -- $231,319.92 453 2179414
2.26% DECK DECKERS OUTDOOR CORP -- $229,772.00 2,180 2267278
2.17% ADM ARCHER-DANIELS-MIDLAND CO -- $221,339.25 4,065 2047317
2.09% MCK MCKESSON CORP -- $212,500.08 292 2378534
2.06% COR CENCORA INC -- $209,684.30 710 2795393
2.04% KR KROGER CO -- $208,056.60 2,916 2497406
1.98% CVS CVS HEALTH CORP -- $201,712.42 2,899 2577609
1.98% HSY HERSHEY CO/THE -- $201,302.45 1,145 2422806
1.96% IBKR INTERACTIVE BROKERS GRO-CL A -- $199,429.12 3,541 B1WT4X2
1.91% MO ALTRIA GROUP INC -- $194,478.30 3,345 2692632
1.90% KDP KEURIG DR PEPPER INC -- $193,665.33 5,769 BD3W133
1.73% STZ CONSTELLATION BRANDS INC-A -- $176,405.20 1,060 2170473
1.72% JPM JPMORGAN CHASE & CO -- $175,117.23 603 2190385
1.65% WFC WELLS FARGO & CO -- $168,113.87 2,063 2649100
1.59% LPLA LPL FINANCIAL HOLDINGS INC -- $162,276.75 435 B75JX34
1.52% JBL JABIL INC -- $154,540.10 715 2471789
1.51% CME CME GROUP INC -- $153,408.94 557 2965839
1.47% AIG AMERICAN INTERNATIONAL GROUP -- $150,014.89 1,747 2027342
1.46% MET METLIFE INC -- $149,205.60 1,840 2573209
1.46% RGA REINSURANCE GROUP OF AMERICA -- $148,426.35 745 2731193
1.42% ZS ZSCALER INC -- $145,055.04 472 BZ00V34
1.35% PGR PROGRESSIVE CORP -- $137,964.60 522 2705024
1.35% EG EVEREST GROUP LTD -- $137,370.61 403 2556868
1.26% DELL DELL TECHNOLOGIES -C -- $128,303.42 1,054 BHKD3S6
1.15% LDOS LEIDOS HOLDINGS INC -- $117,003.38 727 BDV82B8
1.14% PSTG PURE STORAGE INC - CLASS A -- $116,624.64 2,112 BYZ62T3
1.14% -- INTL BUSINESS MACHINES CORP -- $116,188.80 399 2005973
1.09% GOOGL ALPHABET INC-CL A -- $110,955.04 631 BYVY8G0
1.07% CDW CDW CORP/DE -- $109,420.64 604 BBM5MD6
1.01% NTNX NUTANIX INC - A -- $102,935.11 1,369 BYQBFT8
0.87% HPQ HP INC -- $88,842.00 3,484 BYX4D52
-- -- NET OTHER ASSETS (LIABILITIES) -- $28,573.19 28,573 --

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

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
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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