EQRR vs SIZE: Grades, Fees and Holdings Compared

ProShares Equities for Rising Rates ETF

EQRRCNasdaq

iShares MSCI USA Size Factor ETF

SIZEANYSE Arca

Overlap

8.6%by weight

Expense ratio

SIZE −0.20pt a year

EQRR0.35%SIZE0.15%

Avg volume · 30D

EQRR 1.7×the volume

EQRR9.11KSIZE5.21K

5Y return · a year

EQRR +4.6pt

EQRR+12.0%SIZE+7.4%

EQRR vs SIZE Performance

Nov 2, 2021 – Nov 2, 2026

+76.4%EQRR+43.0%SIZE

Expense ratio: EQRR 0.35%; SIZE 0.15%, better
Fund size: EQRR $41M; SIZE $433M
1Y total return: EQRR +32.8%, better; SIZE +14.4%
Yield (12M): EQRR 1.04%; SIZE 1.36%, better
Holdings: EQRR 51; SIZE 518
Avg volume (30D): EQRR 9.11K sh, better; SIZE 5.21K sh
NAV per share: EQRR $84.85; SIZE $180.22
52W range

ETF.net Grade

Pillar letters and Scores for EQRR, SIZE, with each pillar’s weight
Pillar	EQRR	SIZE
Cost30% weight	D34	A81Higher
Mission25% weight	A77	A93Higher
Risk15% weight	A72Higher	B66
Tradability15% weight	C41Higher	F23
Holdings10% weight	C40	A88Higher
Durability5% weight	D33	B57Higher

Rank among US Factor Index funds

How we build Categories ›

Same Category. EQRR and SIZE are both graded against the same 30 US Factor Index funds, so their Grades compare head to head.

US Factor Index⁠

Category · 30 funds

See all 30 ›

SIZE ranks 3rd and EQRR 14th of 30 funds in the US Factor Index Category.

Rank 1AMGVVanguard Morningstar Mega Cap Value ETFScore 78
Rank 2AUSCAXtrackers MSCI USA Climate Action Equity ETFScore 74
Rank 3ASIZEiShares MSCI USA Size Factor ETFScore 72
Rank 4ADXUVU.S. Vector Equity Portfolio ETF Class SharesScore 70
Rank 13BFDMOFidelity Momentum Factor ETFScore 57
Rank 14CEQRRProShares Equities for Rising Rates ETFScore 52
Rank 15CXMMOInvesco S&P MidCap Momentum ETFScore 51

Our read on each fund

ETF.net Research

EQRRCProShares Equities for Rising Rates ETF

SIZEAiShares MSCI USA Size Factor ETF

In short

EQRR Most equity funds quietly hope rates sit still. EQRR leans the other way: roughly 50 large-cap US stocks chosen for how they have historically behaved when interest rates climb, tilted toward the sectors that tend to benefit.

SIZE The size factor without leaving the large-cap pool: SIZE holds roughly 500 US stocks and leans toward the smaller names in that universe, spreading weight away from the mega-cap giants. An iShares factor original from 2013.

Stated mandate

EQRR EQRR seeks to outperform during rising-rate periods through a portfolio of large-cap U.S. stocks selected for their historical relationship with interest-rate movements and tendency to perform well when rates increase.

SIZE The fund seeks to track an index of U.S. stocks that have smaller market capitalizations relative to their peers.

Why people hold it

EQRR A pure expression of one idea: which large-cap US stocks have historically moved with rising rates. No rate view bolted onto a plain index.proshares.com
0.35% a year, below the typical fee among actively managed US equity funds, for a rules-based index build rather than a manager's hunch.
Live since 2017, so it has traded through both a hiking cycle and a cutting cycle instead of living on a backtest.
Rates in, sectors out: the index does the sorting on a set schedule, which keeps the strategy legible and repeatable rather than discretionary.proshares.com

SIZE Charges 0.15%, roughly half the typical fee among US factor ETFs.
Tracks the MSCI USA Low Size Index tightly, one of the closer index implementations in its peer group.
Roughly 500 holdings, so no single name dominates the way it does in a cap-weighted US index.
Running since 2013, one of the original iShares single-factor funds rather than a recent launch.ishares.com

Worth knowing

EQRR A small, thinly traded fund. Spreads can be wider than on mega-cap ETFs, and sizeable orders deserve limit prices and patience.
Roughly 50 names with heavy sector tilts, so it can diverge from the broad US market in either direction by a wide margin.
The whole design is keyed to one regime. When rates fall or flatline, the same tilts built to help in a rising-rate stretch are what you own.

SIZE Thinly traded next to headline index funds, so bid-ask spreads can run wider and bigger orders need more care.
This is a tilt, not a small-cap fund: the index draws from US large and mid caps and favors the smaller end of that pool.
A mid-sized fund by category standards, not one of the asset-gathering giants. Pays quarterly.

Full EQRR profile⁠

Full SIZE profile⁠

EQRR vs SIZE Holdings

How EQRR and SIZE differ

Overlap by weight

8.6%

Shared holdings make up 90.8% of EQRR and 8.6% of SIZE.

Level by level

Holdings47 in both8.6%
Sector11 Sectors48.6%
Countryby domicile97.7%
Asset classEquity100%

Sector

Sector weights in EQRR and SIZE, widest gap first
Sector	More in EQRRMore in SIZE	EQRR	SIZE
Energy	EQRR +27.8 points	32.1%	4.3%
Health Care	SIZE +12.8 points	0.0%	12.8%
Industrials	SIZE +12.8 points	3.4%	16.2%
Technology	EQRR +10.6 points	28.4%	17.9%
Communication	EQRR +10.2 points	13.5%	3.3%
Consumer Staples	SIZE +5.7 points	0.0%	5.7%
Consumer Discretionary	SIZE +5.5 points	3.5%	9.0%
Utilities	SIZE +5.2 points	0.0%	5.2%
Materials	SIZE +4.8 points	0.0%	4.8%
Real Estate	SIZE +4.5 points	0.0%	4.5%
Financials	EQRR +2.9 points	19.0%	16.1%

Country, concentration and asset class

Country by domicile

Country weights in EQRR and SIZE, widest gap first
Country	More in EQRRMore in SIZE	EQRR	SIZE
United States	EQRR +2.3 points	100.0%	97.7%
United Kingdom	SIZE +0.6 points	0.0%	0.6%
Switzerland	SIZE +0.6 points	0.0%	0.6%
Other countries (6)	SIZE +1.1 points	0.0%	1.1%

Concentration

Weight in the 10 largest Holdings

EQRR34.3%
SIZE3.7%

Securities held

EQRR50
SIZE515

Asset class

EQRR: Equity
SIZE: Equity

Holdings

Only in EQRR3
In both47
Only in SIZE468

Only in EQRR

3 securities, 9.1% of EQRR by weight

Permian Resources Corp-Cl A3.64%
Ovintiv Inc3.61%
Lattice Semiconductor Corp1.81%

Only in SIZE

468 securities, 91.3% of SIZE by weight

Okta Class A0.47%
Atlassian Corp Class A0.42%
Natera0.40%
Sharkninja0.39%
Veeva Systems Class A0.36%
Vivmark Residential0.36%
Snowflake0.33%
Dell Technologies Inc Class C0.32%
Illumina Inc0.32%
Everpure Inc Class A0.32%
Best Buy0.32%
Netapp Inc0.31%
Hewlett Packard Enterprise0.31%
Marathon Petroleum0.31%
Mettler Toledo0.30%
Agilent Technologies Inc0.30%
Iqvia Holdings Inc0.29%
Cdw0.29%
Workday Class A0.29%
Crowdstrike Holdings Class A0.29%
Dollar Tree Inc0.28%
Phillips 660.28%
Williams Sonoma Inc0.28%
Thermo Fisher Scientific0.27%
Global Payments Inc0.27%
Labcorp Holdings0.27%
Estee Lauder Inc Class A0.27%
Regeneron Pharmaceuticals0.27%
Jacobs Solutions Inc0.27%
Roper Technologies0.27%
Toast Class A0.27%
Palo Alto Networks0.27%
Samsara Class A0.26%
Accenture PLC Class A0.26%
Waters Corp0.26%
Ptc0.26%
West Pharmaceutical Services0.26%
Genuine Parts0.26%
Corebridge Financial Inc0.25%
Ulta Beauty Inc0.25%
Quest Diagnostics Inc0.25%
Expedia Group0.25%
Biogen0.25%
Arthur J Gallagher0.25%
Becton Dickinson0.25%
Humana0.25%
Amcor PLC0.25%
International Flavors & Fragrances0.25%
Amgen Inc0.25%
Danaher0.25%

Weight gaps

All 47 Holdings in both funds, largest gap first.

Holding weights in EQRR and SIZE, widest gap first
Holding	More in EQRRMore in SIZE	EQRR	SIZE
ConocophillipsCOP	EQRR +3.39 points	3.61%	0.22%
Eog Resources IncEOG	EQRR +3.31 points	3.52%	0.21%
Chevron CorpCVX	EQRR +3.24 points	3.44%	0.20%
Diamondback Energy IncFANG	EQRR +3.20 points	3.39%	0.19%
Occidental Petroleum CorpOXY	EQRR +3.17 points	3.36%	0.19%
Halliburton CoHAL	EQRR +3.14 points	3.30%	0.16%
Devon Energy CorpDVN	EQRR +3.12 points	3.31%	0.19%
Zscaler IncZS	EQRR +2.81 points	3.07%	0.26%
Valero Energy CorpVLO	EQRR +2.80 points	3.08%	0.28%
Synopsys IncSNPS	EQRR +2.56 points	2.73%	0.17%
NVIDIA CorpNVDA	EQRR +2.12 points	2.26%	0.14%
Hp IncHPQ	EQRR +2.03 points	2.29%	0.26%
First Citizens Bcshs -Cl AFCNCA	EQRR +2.01 points	2.24%	0.23%
Datadog Inc - Class ADDOG	EQRR +1.98 points	2.18%	0.20%
Alphabet Inc-Cl AGOOGL	EQRR +1.97 points	2.02%	0.06%
Strategy IncMSTR	EQRR +1.90 points	2.05%	0.15%
Ares Management Corp - AARES	EQRR +1.89 points	2.09%	0.20%
Metlife IncMET	EQRR +1.81 points	2.04%	0.23%
Wells Fargo & CoWFC	EQRR +1.81 points	2.00%	0.19%
Ameriprise Financial IncAMP	EQRR +1.78 points	1.98%	0.20%
JPMorgan Chase & CoJPM	EQRR +1.77 points	1.96%	0.19%
Raymond James Financial IncRJF	EQRR +1.76 points	1.96%	0.20%
Fortinet IncFTNT	EQRR +1.76 points	1.95%	0.19%
Apollo Global Management IncAPO	EQRR +1.74 points	1.90%	0.16%
Marvell Technology IncMRVL	EQRR +1.67 points	1.87%	0.20%
Lpl Financial Holdings IncLPLA	EQRR +1.61 points	1.80%	0.19%
Interactive Brokers Gro-Cl AIBKR	EQRR +1.55 points	1.72%	0.17%
Comcast Corp-Class ACMCSA	EQRR +1.41 points	1.58%	0.17%
Motorola Solutions IncMSI	EQRR +1.39 points	1.61%	0.22%
Cisco Systems IncCSCO	EQRR +1.31 points	1.46%	0.15%
T-Mobile Us IncTMUS	EQRR +1.27 points	1.41%	0.14%
Verizon Communications IncVZ	EQRR +1.26 points	1.42%	0.16%
Ciena CorpCIEN	EQRR +1.23 points	1.34%	0.11%
Lumentum Holdings IncLITE	EQRR +1.16 points	1.33%	0.17%
AT&T IncT	EQRR +1.11 points	1.26%	0.15%
Arista Networks IncANET	EQRR +1.01 points	1.22%	0.21%
Marriott International -Cl AMAR	EQRR +0.93 points	1.13%	0.20%
Ebay IncEBAY	EQRR +0.92 points	1.12%	0.20%
Starbucks CorpSBUX	EQRR +0.92 points	1.09%	0.17%
Ast Spacemobile IncASTS	EQRR +0.90 points	0.99%	0.09%
Fox Corp - Class AFOXA	EQRR +0.88 points	1.00%	0.12%
Amazon.com IncAMZN	EQRR +0.81 points	0.96%	0.15%
News Corp - Class ANWSA	EQRR +0.81 points	1.02%	0.21%
Take-Two Interactive SoftwreTTWO	EQRR +0.79 points	0.94%	0.15%
Uber Technologies IncUBER	EQRR +0.77 points	0.93%	0.16%
Delta Air Lines IncDAL	EQRR +0.72 points	0.94%	0.22%
United Airlines Holdings IncUAL	EQRR +0.69 points	0.91%	0.22%

All 52 EQRR holdings⁠All 515 SIZE holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

EQRR vs SIZE Cost

Overpaying EQRR vs SIZE

$3,989

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

EQRR 0.35%
$7,126
SIZE 0.15%
$3,137

Amount$10,000

Years30 years

Cost over time

EQRR 0.35%
SIZE 0.15%
Overpaying

Year by year

Year	EQRR	SIZE	Overpaying
10	$634	$274	$360
20	$2,454	$1,071	$1,383
30	$7,126	$3,137	$3,989

Expense ratio

0.35%EQRR
0.15%SIZE, cheaper

SIZE0.15%EQRR0.35%

0.05%0.63%

Middle half of US Factor Index funds
Median 0.30%

SIZE 5th cheapest of 30 funds

EQRR 19th cheapest of 30 funds

EQRR vs SIZE Dividends

Last 12 months to Nov 2, 2026

Yield (12M): EQRR 1.04%; SIZE 1.36%, better
Payout (12M): EQRR $0.86; SIZE $2.47
Last payment: EQRR $0.21; SIZE $0.65
Ex-dividend: EQRR Sep 23, 2026; SIZE Sep 15, 2026
Paid on: EQRR Sep 29, 2026; SIZE Sep 18, 2026
Frequency: EQRR Quarterly; SIZE Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

EQRRQuarterly · 37 paymentsAll EQRR payments⁠

SIZEQuarterly · 41 paymentsAll SIZE payments⁠

EQRR vs SIZE Risk

Fall from peak · 5 years

EQRR
SIZE

Risk facts

VolatilityStd dev, 3 years: EQRR 13.6%SIZE 13.0%, better
Return per unit of riskSharpe ratio, 3 years: EQRR 1.30, betterSIZE 1.06
Worst fallMax drawdown, 5 years: EQRR −21.7%, betterSIZE −24.0%
Market sensitivityBeta, 5 years: EQRR 0.74SIZE 0.97; Market = 1

Popular comparisons

EQRRCvsMGVA
ProShares Equities for Rising Rates ETF · Vanguard Morningstar Mega Cap Value ETF
Expense ratio
0.35% · 0.05%
Category
SIZEAvsMGVA
iShares MSCI USA Size Factor ETF · Vanguard Morningstar Mega Cap Value ETF
Expense ratio
0.15% · 0.05%
Category
EQRRCvsUSCAA
ProShares Equities for Rising Rates ETF · Xtrackers MSCI USA Climate Action Equity ETF
Expense ratio
0.35% · 0.07%
Category
SIZEAvsUSCAA
iShares MSCI USA Size Factor ETF · Xtrackers MSCI USA Climate Action Equity ETF
Expense ratio
0.15% · 0.07%
Category
EQRRCvsDXUVA
ProShares Equities for Rising Rates ETF · U.S. Vector Equity Portfolio ETF Class Shares
Expense ratio
0.35% · 0.25%
Category
SIZEAvsDXUVA
iShares MSCI USA Size Factor ETF · U.S. Vector Equity Portfolio ETF Class Shares
Expense ratio
0.15% · 0.25%
Category