EQRR

Equities for Rising Rates ETF

star-star-3 star-star-3 star-star-3 star-star-3
Morningstar Rating
Overall Morningstar Rating out of 383 Mid-Cap Value funds based on risk-adjusted returns as of 06/30/25.

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 6/30/2025
Fund + Index 1m 3m 6m YTD 1Y 3Y 5Y 10Y Since Inception Inception Date
EQRR Market Price 3.54% 1.02% 5.81% 5.81% 4.17% 12.60% 17.70% -- 7.54% 07/24/2017
EQRR NAV 3.52% 0.95% 5.34% 5.34% 3.98% 12.64% 17.66% -- 7.53% 07/24/2017
Nasdaq U.S. Large Cap Equities for Rising Rates Index 3.56% 1.02% 5.52% 5.52% 4.34% 13.03% 18.10% -- 7.93% --

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 7/08/2025
  • NAV
    $60.77
  • NAV Change
    $+0.32 up caret
  • Market Price
    $60.82
  • Market Price Change
    $+0.33 up caret
  • Trading Volume (M)
    9
  • 30-Day Median Bid Ask Spread
    0.18%
  • 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 7/08/2025
  • NAV
    $60.77
  • NAV Change
    $+0.32 up caret
  • Market Price
    $60.82
  • Market Price Change
    $+0.33 up caret
  • Trading Volume (M)
    9
  • 30-Day Median Bid Ask Spread
    0.18%
  • View Premium / Discount

Exposures

Index as of 3/31/2025 and Fund as of 7/08/2025

Holdings

as of 7/08/2025

Weight Ticker Description Exposure Value
(Notional + GL)		 Market Value Shares/Contracts SEDOL Number
3.22% VLO VALERO ENERGY CORP -- $332,574.79 2,237 2041364
3.14% HAL HALLIBURTON CO -- $324,577.52 14,647 2405302
3.14% MPC MARATHON PETROLEUM CORP -- $323,874.00 1,800 B3K3L40
3.13% SLB SCHLUMBERGER LTD -- $323,707.86 8,859 2779201
3.10% COP CONOCOPHILLIPS -- $320,130.18 3,342 2685717
3.07% BKR BAKER HUGHES CO -- $317,510.76 7,916 BDHLTQ5
3.00% FANG DIAMONDBACK ENERGY INC -- $309,946.56 2,156 B7Y8YR3
2.99% EOG EOG RESOURCES INC -- $309,255.25 2,495 2318024
2.88% LNG CHENIERE ENERGY INC -- $297,395.68 1,256 2654364
2.87% CTRA COTERRA ENERGY INC -- $296,217.52 11,764 2162340
2.67% TSCO TRACTOR SUPPLY COMPANY -- $275,618.35 4,855 2900335
2.59% RCL ROYAL CARIBBEAN CRUISES LTD -- $267,792.20 811 2754907
2.59% UBER UBER TECHNOLOGIES INC -- $267,387.64 2,743 BK6N347
2.50% AZO AUTOZONE INC -- $258,203.52 69 2065955
2.49% UAL UNITED AIRLINES HOLDINGS INC -- $257,516.91 3,171 B4QG225
2.48% DAL DELTA AIR LINES INC -- $255,782.76 5,063 B1W9D46
2.46% DECK DECKERS OUTDOOR CORP -- $253,748.90 2,410 2267278
2.43% WMT WALMART INC -- $250,686.38 2,582 2936921
2.42% TTWO TAKE-TWO INTERACTIVE SOFTWRE -- $250,182.40 1,040 2122117
2.36% FOXA FOX CORP - CLASS A -- $243,552.89 4,421 BJJMGL2
2.06% STZ CONSTELLATION BRANDS INC-A -- $212,334.75 1,245 2170473
2.04% ADM ARCHER-DANIELS-MIDLAND CO -- $210,835.75 3,865 2047317
2.00% CTVA CORTEVA INC -- $206,415.00 2,700 BK73B42
1.98% HSY HERSHEY CO/THE -- $204,425.79 1,203 2422806
1.97% MO ALTRIA GROUP INC -- $203,567.26 3,419 2692632
1.97% CASY CASEY'S GENERAL STORES INC -- $203,383.10 397 2179414
1.93% MCK MCKESSON CORP -- $199,854.36 276 2378534
1.91% SFM SPROUTS FARMERS MARKET INC -- $196,852.32 1,239 BCGCR79
1.90% CVS CVS HEALTH CORP -- $196,268.08 2,932 2577609
1.90% KR KROGER CO -- $196,108.88 2,812 2497406
1.53% LPLA LPL FINANCIAL HOLDINGS INC -- $158,426.80 413 B75JX34
1.53% IBKR INTERACTIVE BROKERS GRO-CL A -- $158,083.04 2,792 B1WT4X2
1.50% RJF RAYMOND JAMES FINANCIAL INC -- $154,901.14 983 2718992
1.50% WFC WELLS FARGO & CO -- $154,613.05 1,895 2649100
1.48% APO APOLLO GLOBAL MANAGEMENT INC -- $152,985.55 1,055 BN44JF6
1.48% EG EVEREST GROUP LTD -- $152,956.16 448 2556868
1.46% RGA REINSURANCE GROUP OF AMERICA -- $150,875.62 763 2731193
1.45% MET METLIFE INC -- $149,362.50 1,875 2573209
1.44% JPM JPMORGAN CHASE & CO -- $148,459.50 525 2190385
1.39% PGR PROGRESSIVE CORP -- $143,686.44 571 2705024
1.07% DDOG DATADOG INC - CLASS A -- $110,914.40 760 BKT9Y49
1.01% HPQ HP INC -- $104,593.20 4,054 BYX4D52
1.00% PSTG PURE STORAGE INC - CLASS A -- $103,486.04 1,813 BYZ62T3
0.99% JBL JABIL INC -- $102,499.32 462 2471789
0.99% CRWD CROWDSTRIKE HOLDINGS INC - A -- $102,049.71 201 BJJP138
0.98% NTNX NUTANIX INC - A -- $101,557.42 1,334 BYQBFT8
0.98% DELL DELL TECHNOLOGIES -C -- $100,755.90 810 BHKD3S6
0.96% VRT VERTIV HOLDINGS CO -- $99,453.10 790 BL3LWS8
0.96% ZS ZSCALER INC -- $99,355.92 318 BZ00V34
0.95% GOOGL ALPHABET INC-CL A -- $98,164.68 563 BYVY8G0
-- -- NET OTHER ASSETS (LIABILITIES) -- $17,139.91 17,140 --
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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.

Star rating is © 2025 Morningstar, Inc. All Rights Reserved. The Morningstar information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. The Morningstar RatingTM for funds, or “star rating," is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange traded funds and open-ended mutual funds are considered a single population for comparative purposes. Star ratings are calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The Morningstar Rating does not include any adjustment for sales loads. The top 10% of products in each product category receive five stars, the next 22.5% receive four stars, the next 35% receive three stars, the next 22.5% receive two stars, and the bottom 10% receive one star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five- and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. EQRR was rated against the following numbers of U.S.-domiciled Mid-Cap Value funds for the following time periods: 383 for the last three years and 358 for the last five years, ending 06/30/25. With respect to these Mid-Cap Value funds, EQRR received a Morningstar Rating of 3 stars for the three-year period and 4 stars for the five-year period. Past performance is no guarantee of future results. 

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.

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