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 379 Mid-Cap Value funds based on risk-adjusted returns as of 07/31/25.

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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Summary Prospectus
Statutory Prospectus
Statement of Add'l Information
Annual Report
Semi Annual Report

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 6/30/2025
  • Number of Companies
    50
  • Price/Earnings Ratio
    16.61
  • Price/Book Ratio
    2.51

    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
    $142.39 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 8/08/2025
  • NAV
    $60.06
  • NAV Change
    $+0.07 up caret
  • Market Price
    $60.04
  • Market Price Change
    $+0.07 up caret
  • Trading Volume (M)
    323
  • 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 6/30/2025
  • Number of Companies
    50
  • Price/Earnings Ratio
    16.61
  • Price/Book Ratio
    2.51

    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
    $142.39 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 8/08/2025
  • NAV
    $60.06
  • NAV Change
    $+0.07 up caret
  • Market Price
    $60.04
  • Market Price Change
    $+0.07 up caret
  • Trading Volume (M)
    323
  • 30-Day Median Bid Ask Spread
    0.18%
  • View Premium / Discount

Exposures

Index as of 6/30/2025 and Fund as of 8/08/2025

Holdings

as of 8/08/2025

Weight Ticker Description Exposure Value
(Notional + GL)		 Market Value Shares/Contracts SEDOL Number
3.36% BKR BAKER HUGHES CO -- $322,726.95 7,455 BDHLTQ5
3.08% COP CONOCOPHILLIPS -- $295,534.77 3,147 2685717
3.00% FANG DIAMONDBACK ENERGY INC -- $288,320.90 2,030 B7Y8YR3
3.00% HAL HALLIBURTON CO -- $288,273.70 13,793 2405302
2.92% VLO VALERO ENERGY CORP -- $280,842.03 2,107 2041364
2.85% SLB SCHLUMBERGER LTD -- $274,234.41 8,343 2779201
2.84% EOG EOG RESOURCES INC -- $273,258.00 2,350 2318024
2.84% LNG CHENIERE ENERGY INC -- $273,071.89 1,183 2654364
2.84% MPC MARATHON PETROLEUM CORP -- $272,623.80 1,695 B3K3L40
2.82% TSCO TRACTOR SUPPLY COMPANY -- $270,936.72 4,572 2900335
2.77% UAL UNITED AIRLINES HOLDINGS INC -- $266,619.94 2,986 B4QG225
2.77% CTRA COTERRA ENERGY INC -- $266,093.56 11,078 2162340
2.73% AZO AUTOZONE INC -- $262,285.40 65 2065955
2.66% DAL DELTA AIR LINES INC -- $255,755.52 4,768 B1W9D46
2.63% WMT WALMART INC -- $252,271.36 2,432 2936921
2.41% UBER UBER TECHNOLOGIES INC -- $231,333.48 2,583 BK6N347
2.40% DECK DECKERS OUTDOOR CORP -- $230,813.60 2,270 2267278
2.40% RCL ROYAL CARIBBEAN CRUISES LTD -- $230,300.16 764 2754907
2.34% FOXA FOX CORP - CLASS A -- $224,885.26 4,163 BJJMGL2
2.21% TTWO TAKE-TWO INTERACTIVE SOFTWRE -- $212,805.23 979 2122117
2.19% ADM ARCHER-DANIELS-MIDLAND CO -- $210,537.60 3,640 2047317
2.17% HSY HERSHEY CO/THE -- $208,777.91 1,133 2422806
2.15% MO ALTRIA GROUP INC -- $206,691.80 3,220 2692632
2.08% STZ CONSTELLATION BRANDS INC-A -- $199,943.20 1,172 2170473
2.05% KR KROGER CO -- $196,587.52 2,648 2497406
2.02% CASY CASEY'S GENERAL STORES INC -- $194,094.78 374 2179414
1.88% CVS CVS HEALTH CORP -- $180,955.94 2,761 2577609
1.88% CTVA CORTEVA INC -- $180,324.13 2,543 BK73B42
1.81% SFM SPROUTS FARMERS MARKET INC -- $173,871.33 1,167 BCGCR79
1.81% MCK MCKESSON CORP -- $173,830.80 260 2378534
1.80% IBKR INTERACTIVE BROKERS GRO-CL A -- $173,277.39 2,629 B1WT4X2
1.59% RJF RAYMOND JAMES FINANCIAL INC -- $152,715.92 926 2718992
1.50% LPLA LPL FINANCIAL HOLDINGS INC -- $143,867.76 389 B75JX34
1.48% JPM JPMORGAN CHASE & CO -- $142,647.44 494 2190385
1.47% APO APOLLO GLOBAL MANAGEMENT INC -- $141,118.18 994 BN44JF6
1.45% EG EVEREST GROUP LTD -- $139,175.60 422 2556868
1.45% WFC WELLS FARGO & CO -- $138,962.25 1,785 2649100
1.40% MET METLIFE INC -- $134,692.82 1,766 2573209
1.39% RGA REINSURANCE GROUP OF AMERICA -- $134,057.55 719 2731193
1.38% PGR PROGRESSIVE CORP -- $132,622.38 538 2705024
1.11% GOOGL ALPHABET INC-CL A -- $106,752.60 530 BYVY8G0
1.09% DELL DELL TECHNOLOGIES -C -- $104,996.43 763 BHKD3S6
1.08% VRT VERTIV HOLDINGS CO-A -- $104,107.92 744 BL3LWS8
1.04% PSTG PURE STORAGE INC - CLASS A -- $99,996.06 1,707 BYZ62T3
1.04% HPQ HP INC -- $99,687.98 3,818 BYX4D52
1.02% JBL JABIL INC -- $97,587.90 435 2471789
0.98% DDOG DATADOG INC - CLASS A -- $93,731.56 716 BKT9Y49
0.94% NTNX NUTANIX INC - A -- $89,929.60 1,256 BYQBFT8
0.84% ZS ZSCALER INC -- $80,638.81 299 BZ00V34
0.83% CRWD CROWDSTRIKE HOLDINGS INC - A -- $80,228.61 189 BJJP138
-- -- NET OTHER ASSETS (LIABILITIES) -- $20,534.69 20,535 --
Download Holdings (.csv)This links to a pdf fileThis link opens a new window

Index

as of 6/30/2025

  • Total Number of Companies50
  • Price/Earnings Ratio16.033
  • Price/Book Ratio2.161
  • Dividend Yield ( % )2.08
  • Avg. Index Market Capitalization$142.39 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: 379 for the last three years and 356 for the last five years, ending 07/31/25. 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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