EQRR vs SPY
ProShares Equities for Rising Rates ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, EQRR or SPY?
Large Cap Value against Large Cap Blend.
SPY has a lower expense ratio. EQRR led over 1Y and 5Y, SPY over 3Y and the full window. EQRR is less concentrated, with 32.3% of the fund in its ten largest positions against 37.8%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | EQRR | SPY |
|---|---|---|
| Expense Ratio | 0.35% | 0.09%Best |
| AUM | $34M | $804.7B |
| Dividend Yield | 1.01% | 0.98% |
| Holdings | 50 | 505 |
| YTD Return | +33.44%Best | +13.82% |
| 1Y Return | +38.63%Best | +16.96% |
| 3Y Return (annualized) | +21.96% | +22.97%Best |
| 5Y Return (annualized) | +15.87%Best | +13.73% |
| Volatility (annualized) | 25.1% | 16.0%Best |
| Max Drawdown | -59.5% | -34.1%Best |
| $10,000 over 5 years | $20,886Best | $19,027 |
| Top 10 Weight | 32.3%Best | 37.8% |
| Fund Family | ProShares | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Jul 24, 2017 | Jan 22, 1993 |
Volatility and max drawdown are measured over the window both funds cover: Jul 25, 2017 to Sep 21, 2026 (9.2 years).
EQRR vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 9.2 years both funds cover.
EQRR vs SPY Performance
ProShares Equities for Rising Rates ETF (EQRR) is an ETF from ProShares and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year EQRR returned +38.63% while SPY returned +16.96%. Year to date, EQRR is up 33.44% versus a gain of 13.82% for SPY.
Over three years, EQRR compounded at +21.96% per year against +22.97% for SPY; over five years the annualized figures are +15.87% and +13.73% respectively. Across the full 9-year window we track, SPY has the edge at +14.17% annualized vs +9.98%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
EQRR has been the more volatile fund, with annualized monthly volatility of 25.1% compared with 16.0% 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 -34.1% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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 1.01% against 0.98% for SPY.
Holdings Overlap
91.3% of EQRR's money is in holdings SPY also owns. 23.1% of SPY's money is in holdings EQRR also owns.
Most of EQRR is already inside SPY. Owning both mostly buys the same companies twice.
46 positions in common, counted across the 50 positions we hold weights for in EQRR and 504 in SPY, against full books of 50 and 505.
What only one of them owns
Measured across the 50 and 504 positions we hold weights for.
SPY holds 451 positions EQRR does not, 76.2% of the fund.
Largest: AAPL 7.26%, MSFT 5.66%, AVGO 2.66%, GOOG 2.39%, META 1.93%
Top Shared Holdings
| Stock | Weight in EQRR | Weight in SPY | Difference |
|---|---|---|---|
| NVDANvidia Corp | 2.53% | 8.01% | 5.48% |
| GOOGLAlphabet Inc,class A | 2.22% | 2.99% | 0.77% |
| AMZNAmazon.Com Inc | 0.98% | 3.79% | 2.81% |
| MPCMarathon Petroleum Corp | 3.89% | 0.17% | 3.72% |
| VLOValero Energy | 3.66% | 0.16% | 3.50% |
| CVXChevron Corp | 3.19% | 0.60% | 2.59% |
| COPConocophillips Common Stock USD 0.01 | 3.31% | 0.25% | 3.06% |
| JPMJpmorgan Chase | 1.91% | 1.45% | 0.46% |
| OXYOccidental Petroleum Corp. | 3.19% | 0.07% | 3.12% |
| CRWDCrowdstrike Holdings Inc | 2.91% | 0.33% | 2.58% |
91.3% of EQRR is already inside SPY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
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, by $26 a year on a $10,000 investment.
Which performed better, EQRR or SPY?
Over the past year EQRR returned +38.63% vs +16.96% for SPY, so EQRR leads on 1-year performance. Over the longest common window we track (9 years), EQRR annualized +9.98% vs +14.17% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, EQRR or SPY?
EQRR has been the more volatile fund at 25.1% annualized versus 16.0% for SPY. Worst drawdown: EQRR -59.5% vs SPY -34.1%.
Should I hold both EQRR and SPY?
EQRR and SPY have a monthly-return correlation of 0.79, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between EQRR and SPY?
91.3% of EQRR's money is in holdings SPY also owns. 23.1% of SPY's is in holdings EQRR also owns. They hold 46 positions in common, counted across the 50 positions we hold weights for in EQRR and 504 in SPY.
Which pays a higher dividend, EQRR or SPY?
EQRR yields 1.01% while SPY yields 0.98%, so EQRR currently pays the higher dividend yield.
Is SPY better than EQRR?
SPY has a lower expense ratio. EQRR led over 1Y and 5Y, SPY over 3Y and the full window. EQRR is less concentrated, with 32.3% of the fund in its ten largest positions against 37.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.