EQRR vs SPY
ProShares Equities for Rising Rates ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. EQRR delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | EQRR | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.09% | |
| AUM | $32M | $789.1B | |
| Dividend Yield | 1.08% | 1.01% | |
| Holdings | 51 | 505 | |
| YTD Return | +33.32% | +13.39% | |
| 1Y Return | +46.31% | +22.52% | |
| 3Y Return (annualized) | +19.80% | +21.36% | |
| 5Y Return (annualized) | +14.38% | +13.19% | |
| Volatility (annualized) | 25.2% | 15.3% | |
| Max Drawdown | -59.5% | -56.5% | |
| Fund Family | ProShares | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Jul 24, 2017 | Jan 22, 1993 |
EQRR vs SPY Performance
ProShares Equities for Rising Rates ETF (EQRR) is a ETF from ProShares and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year EQRR returned +46.31% while SPY returned +22.52%. Year to date, EQRR is up 33.32% versus a gain of 13.39% for SPY.
Over three years, EQRR compounded at +19.80% per year against +21.36% for SPY; over five years the annualized figures are +14.38% and +13.19% respectively. Across the full 9-year window we track, EQRR has the edge at +10.10% annualized vs +8.84%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
EQRR has been the more volatile fund, with annualized monthly volatility of 25.2% compared with 15.3% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -59.5% for EQRR and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.79. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
EQRR charges 0.35% per year while SPY charges 0.09%. On a $10,000 position that is $35 vs $9 annually, a gap of $26 per year that compounds over a long holding period. On income, EQRR currently yields 1.08% against 1.01% for SPY.
Holdings Overlap
EQRR and SPY share 46 holdings out of 507 unique holdings combined, representing a 14.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, EQRR or SPY?
EQRR has an expense ratio of 0.35% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $26 per year of difference.
Which performed better, EQRR or SPY?
Over the past year EQRR returned +46.31% vs +22.52% for SPY, so EQRR leads on 1-year performance. Over the longest common window we track (9 years), EQRR annualized +10.10% vs +8.84% for SPY. Past performance does not guarantee future results.
Which is riskier, EQRR or SPY?
EQRR has been the more volatile fund at 25.2% annualized versus 15.3% for SPY. Worst drawdown: EQRR -59.5% vs SPY -56.5%.
Should I hold both EQRR and SPY?
EQRR and SPY have a monthly-return correlation of 0.79, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EQRR and SPY?
EQRR and SPY share 46 common holdings with a 14.1% weight overlap. Combined, they hold 507 unique securities.
Which pays a higher dividend, EQRR or SPY?
EQRR yields 1.08% while SPY yields 1.01%, so EQRR currently pays the higher dividend yield.
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