EQRR ProShares Equities for Rising Rates ETF
Seeks to track, before fees and expenses, the Nasdaq U.S. Large Cap Equities for Rising Rates Index. The goal of the Index 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. The Index selects 50 stocks using a three step process: 1) Eleven Nasdaq sector indexes are ranked on their weekly correlation with the US 10-year Treasury yield over the previous three years. 2) Each security in the Nasdaq US 500 Large Cap Index is ranked on its weekly market-neutral correlation with the US 10-year Treasury yield over the previous three years. 3) The Index selects the top 5 securities with the highest correlation with the US 10-year Treasury yield over the previous three years from the top 5 sectors with the highest correlation with the US 10-year Treasury yield over the previous three years, for a total of 50 stocks. The five selected sectors in the Index are given the following weights based on their sector index correlation rank: #1 ranked sector – 30%, #2 ranked sector – 25%, #3 ranked sector – 20%, #4 ranked sector – 15%, #5 ranked sector – 10%. The 50 securities selected for the Index are assigned an equal weight within their respective sector. The Index is rebalanced and reconstituted quarterly on the last Friday of March, June, September and December.
$46.83 -0.38 (-0.80%)
As of 03/23/2023 14:26:33 EST IEX book CBOE book
ETF Information
Sponsor: ProShares
Category1: US Equity
Category2: Broad market
Category3: Large cap
Morningstar category: Large Blend
Leverage factor: 1.00
Inception date: 07/24/2017
Index tracking method: Passive replication
Current yield: 1.93%
Historical average yield: 2.00%
Market cap: $58,994,964
Average volume: 6,375
Fees: 0.3500%
Index Information
Nasdaq U.S. Large Cap Equities for Rising Rates Index
Index symbol: NQERR
Provider: NASDAQ OMX
Total return index symbol: NQERRT
Index weighting: Other
Index inception date: 06/29/2017
Backtesting data exists: Yes
Number of holdings: 50
Rebalanced: Quarterly
Reconstituted: Quarterly
Factors used to select securities: