Board/The rate regime/EQRR

EQRR

ProShares Equities for Rising Rates ETF

ProShares · $39.4m in assets, October 8, 2026

Owns large US companies whose stock prices have historically moved with interest rates, chosen from the Nasdaq US Large Cap Index.

EQRR, the ProShares Equities for Rising Rates ETF, is a $39 million ETF whose main story is the rate regime. Over the past year it returned +37.7%, against +16.8% for broad US ETFs. Figures to October 2, 2026; past performance, not a recommendation.

EQRR · the ETFFRI OCT 2Market price total return
+10.8% a yearTotal return since launch, July 2017
+37.7%Last 12 months
+33.8%Year to date
24.6%Volatility since launch

The narrative it carries

Its main narrative, at 0.7 of its exposure.

The rate regime →

Bonds, cash and Treasuries: the interest rates every other asset is priced against.

The rate regime · the narrative this week
57.8HOT level, 3 of 22
last four weeks
424ETFs carry it
27.8%held by the top five
BNDlargest holder, 7.6%
$1,607 bncapital, 2nd of 22

The band is where this narrative’s level sits among the 22 this week. QUIET means less talked about, not falling.

Who owns the capital
BND 7.6%SGOV 7.5%AGG 6.3%BIL 3.3%TLT 3.1%419 other ETFs 72.2%27.8%top five
#ETFSHAREASSETS1 YEARCOST
1BND7.6%$161.78bn−2.1%0.03%
2SGOV7.5%$112.26bn+3.8%0.09%
3AGG6.3%$135.65bn−2.2%0.03%
4BIL3.3%$49.79bn+3.7%0.14%
5TLT3.1%$46.23bn−9.5%0.15%
419 other ETFs72.2%
EQRR: 0.0%

Share is each ETF’s slice of the capital carrying this narrative. 1 year is market price total return; cost is the expense ratio. See all 424 ETFs on the narrative page →

Also carries: The credit signal →

Corporate bonds, loans and the banks that make them: the price of lending to companies.

Exposure 0.3 · level 34.7 QUIET, 22nd of 22 · EQRR holds 0.0% of its capital

FRI OCT 2MARKET PRICE TOTAL RETURN

1M3MYTD1Y3Y*5Y*
EQRR−1.8%+8.3%+33.8%+37.7%+22.2%+14.0%
The rate regimeits narrative−1.6%−2.2%−1.2%−0.6%+4.3%+0.5%
The marketbroad US ETFs+0.8%+2.6%+14.6%+16.8%+22.9%+12.9%

1M, 3M, 1Y, 3Y, 5Y: one month to five years. YTD: year to date. * A year, annualised. A dash means the ETF has not traded for the whole period. Since it started trading on July 25, 2017: +10.8% a year.

$10,000 invested July 31, 2017

EQRR $25,808The rate regime $11,803The market $35,564
$0$10,000$20,000$30,000$40,000Jul 2017Jul 2019Jul 2021Jul 2023Jul 2025$0$10,000$20,000$30,000$40,000Jul 2017Jul 2021Jul 2025

Year by year

EQRRThe rate regimeThe market
-20%0%20%40%EQRR 2019: +19.6%Narrative 2019: +7.2%The market 2019: +31.3%2019EQRR 2020: -10.2%Narrative 2020: +6.8%The market 2020: +21.4%2020EQRR 2021: +36.1%Narrative 2021: -1.0%The market 2021: +27.1%2021EQRR 2022: +2.3%Narrative 2022: -9.4%The market 2022: -19.8%2022EQRR 2023: +9.2%Narrative 2023: +5.4%The market 2023: +27.9%2023EQRR 2024: +7.7%Narrative 2024: +2.6%The market 2024: +23.1%2024EQRR 2025: +15.5%Narrative 2025: +6.2%The market 2025: +16.8%2025EQRR YTD: +33.8%Narrative YTD: -1.2%The market YTD: +14.6%YTD-20%0%20%40%EQRR 2019: +19.6%Narrative 2019: +7.2%The market 2019: +31.3%2019EQRR 2020: -10.2%Narrative 2020: +6.8%The market 2020: +21.4%2020EQRR 2021: +36.1%Narrative 2021: -1.0%The market 2021: +27.1%2021EQRR 2022: +2.3%Narrative 2022: -9.4%The market 2022: -19.8%2022EQRR 2023: +9.2%Narrative 2023: +5.4%The market 2023: +27.9%2023EQRR 2024: +7.7%Narrative 2024: +2.6%The market 2024: +23.1%2024EQRR 2025: +15.5%Narrative 2025: +6.2%The market 2025: +16.8%2025EQRR YTD: +33.8%Narrative YTD: -1.2%The market YTD: +14.6%YTD

Total return in each calendar year; this year is year to date. A year appears only if EQRR traded for all of it.

Total return on the market price, with each distribution reinvested on its ex-date. Not the NAV return the issuer publishes; the two differ when the ETF trades above or below the value of its holdings. The narrative is the asset-weighted return of the unlevered ETFs that carry it. The market is the asset-weighted return of broad US index ETFs. Past performance is no guarantee of future results.

Common questions

What story is EQRR selling?

EQRR’s main story is the rate regime, which covers bonds, cash and Treasuries: the interest rates every other asset is priced against. Its second is the credit signal.

Which ETFs compete with EQRR?

The ETFs whose weekly returns move most like EQRR’s over the past 3 years are DFLV (0.88), VMAX (0.87) and DFUV (0.87).

How has EQRR performed against its story?

Over the past year EQRR returned +37.7%, the ETFs carrying the rate regime −0.6% and broad US ETFs +16.8%, to October 2, 2026. Its weekly returns have a correlation of 0.06 with the story. Past performance only.

Run an ETF in the rate regime? StoryVector shows issuers where their ETFs stand against the closest rivals, every week.

Request a pilot
Narrative figures are from the weekly board. Performance is market price total return as of October 2, 2026. Assets are StoryVector’s weekly figure. Classification and measurement. Not investment advice. How the measurement works →