EQRR vs USCA

EQRRCProShares Equities for Rising Rates ETF

USCAAXtrackers MSCI USA Climate Action Equity 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.

USCA The largest US ETF debut on record when it launched in 2023, seeded by a Finnish pension fund. It owns roughly 400 US large- and mid-caps, keeping only the top half of each sector on MSCI's climate-transition scoring, for 0.07% a year.

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.

USCA The fund seeks to track the MSCI USA Climate Action Index before fees and expenses through a passive indexing strategy. The index selects U.S. large- and mid-capitalization companies assessed as leading sector peers in climate-transition positioning and actions.

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

• USCA Costs 0.07% a year against a typical screened US equity peer near 0.28%, and undercuts bigger ESG names like SUSA at 0.25%.
• No blanket sector bans: the index keeps the top 50% of companies in each GICS sector, so energy and industrials stay in, represented by their climate-transition leaders.dws.commsci.com
• Rules do the picking. MSCI's climate metrics, ESG ratings and controversy screens set the roster; no manager discretion, no stock-by-stock calls.dws.com
• A multi-billion-dollar fund with an institutional anchor investor from day one, and it pays quarterly.businesswire.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.

• USCA Half of each sector is screened out, so results can drift from a plain MSCI USA index fund in either direction.dws.com
• Market-cap weighted and filed as non-diversified, so America's largest companies carry heavy weight at the top.dws.com
• Moderately traded next to the giants of US equity, so spreads can be a bigger part of the cost of getting in and out.

Full EQRR profile⁠

Full USCA profile⁠