ProShares Equities for Rising Rates ETF
ALTAR
Score™
6.1% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
24.6x P/Sales
ratio
1.7x
P/BV
ratio
1.7x Div.
yield
2.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The ProShares Equities for Rising Rates ETF tracks an index of 50 US-listed large-cap stocks that are anticipated to perform favorably during periods of rising interest rates.

FUND BASICS
Category US Equities
Fund Sponsor ProShares
Website www.proshares.com
Inception date Jul 24, 2017
Assets (mns) $1
Currency USD
Expense ratio 35 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Tiered
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 50
Wgt avg mkt cap (mns) $77,252
Large cap (>$10bn) 92.0%
Mid cap ($2-10bn) 8.0%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
SVB FINANCIAL GROUP 3.3 %
FIRST REPUBLIC BANK/CA 3.2 %
MORGAN STANLEY 3.1 %
STATE STREET CORP 3.0 %
HALLIBURTON CO 3.0 %
PNC FINANCIAL SERVICES GROUP 2.7 %
VMWARE INC-CLASS A 2.7 %
RAYMOND JAMES FINANCIAL INC 2.7 %
BANK OF AMERICA CORP 2.7 %
ALPHABET INC. CLASS A 2.6 %
Total 29.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 100.2 %
IRELAND 0.9 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-33.7% -22.3% -- -- -9.5%

Market Correlations
versus... Beta R-squared
S&P500 1.63 84%
MSCI EAFE 1.77 85%
MSCI Emg. Mkts. 1.36 74%

Technical Indicators
Recent close $29.26
30d moving avg. $27.22
Annualized volatility 31.0%
Short interest (ETF) 0.1%
Relative strength (RSI) 60

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.17%
ADV underlying (mns) $22,843

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the ProShares Equities for Rising Rates ETF ETF based on the alternatives' overlap in portfolio holdings with EQRR. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: EQRR Expense: 35 bp ALTAR Score™: 6.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH EQRR
Ticker Fund
Name
Overlap1
vs EQRR
(%)
Expense
ratio
(bp)
Savings
vs EQRR
(bp)
ALTAR
Score™
(%)
ALTAR
vs EQRR
(%)
PXI Invesco DWA Energy Momentum ETF 22.4 60 -25 4.1 -2.0
RYE Invesco S&P 500 Equal Weight Energy ETF 20.7 40 -5 3.3 -2.8
KBWB Invesco KBW Bank ETF 20.1 35 0 9.8 +3.6
IGE iShares North American Natural Resources ETF 19.8 46 -11 4.0 -2.1
FDVV Fidelity Core Dividend ETF 19.7 29 6 7.5 +1.3
JHME John Hancock Multifactor Energy ETF 19.6 40 -5 3.6 -2.5
FTA First Trust Large Cap Value AlphaDEX Fund 19.3 60 -25 9.2 +3.1
XLE Energy Select Sector SPDR Fund 19.0 13 22 4.3 -1.9
DTN WisdomTree U.S. Dividend ex-Financials Fund 18.7 38 -3 8.0 +1.9
TTFS AdvisorShares Wilshire Buyback ETF 18.5 91 -56 6.4 +0.3
VDE Vanguard Energy Index Fund 18.2 10 25 3.8 -2.4
IYE iShares U.S. Energy ETF 18.1 42 -7 3.8 -2.3
FENY Fidelity MSCI Energy Index ETF 18.0 8 27 3.8 -2.3
SPGP Invesco S&P 500 GARP ETF 17.6 35 0 7.4 +1.2
USDY Pacific Global US Equity Income ETF 17.4 29 6 8.0 +1.9
DIVB iShares U.S. Dividend & Buyback ETF 17.2 25 10 6.6 +0.5
SPHB Invesco S&P 500 High Beta ETF 17.1 25 10 10.4 +4.2
LVHB Innovator Lunt Low Vol/High Beta Tactical ETF 17.1 49 -14 10.2 +4.0
HDV iShares Core High Dividend ETF 17.0 8 27 6.6 +0.5
SCHV Schwab U.S. Large-Cap Value ETF 16.6 4 31 7.2 +1.1
TDV ProShares S&P Technology Dividend Aristocrats ETF 16.5 45 -10 4.8 -1.3
ESGS Columbia Sustainable U.S. Equity Income ETF 16.5 35 0 9.1 +3.0
RTM Invesco S&P 500 Equal Weight Materials ETF 16.1 40 -5 6.5 +0.3
XLB Materials Select Sector SPDR Fund 16.1 13 22 6.0 -0.1
QDIV Global X S&P 500 Quality Dividend ETF 16.0 20 15 8.4 +2.3
JHMA John Hancock Multifactor Materials ETF 15.9 40 -5 7.0 +0.8
SPVU Invesco S&P 500 Enhanced Value ETF 15.9 13 22 11.1 +5.0
VYM Vanguard High Dividend Yield Index ETF 15.8 6 29 7.3 +1.2
MAGA Point Bridge GOP Stock Tracker ETF 15.7 72 -37 6.7 +0.6
VAW Vanguard Materials Index Fund 15.7 10 25 6.3 +0.1
RNDV US Equity Dividend Select ETF 15.6 50 -15 7.9 +1.8
FMAT Fidelity MSCI Materials Index ETF 15.5 8 27 6.2 +0.1
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 15.5 57 -22 5.2 -1.0
EPS WisdomTree U.S. Earnings 500 Fund 15.3 8 27 6.6 +0.4
ONEY SPDR Russell 1000 Yield Focus ETF 15.3 20 15 8.6 +2.4
JKF iShares Morningstar Large Cap Value ETF 15.2 25 10 7.8 +1.6
RYF Invesco S&P 500 Equal Weight Financials ETF 15.1 40 -5 9.9 +3.8
MGV Vanguard Mega Cap Value ETF 15.1 7 28 7.2 +1.1
FXN First Trust Energy AlphaDEX Fund 14.9 65 -30 -0.6 -6.7
QDYN FlexShares Quality Dividend Dynamic Index Fund 14.9 37 -2 6.9 +0.8
FDRR Fidelity Dividend ETF for Rising Rates 14.8 29 6 7.1 +1.0
PWV Invesco Dynamic Large Cap Value ETF 14.8 55 -20 8.4 +2.2
DGRO iShares Core Dividend Growth ETF 14.7 8 27 6.6 +0.5
XOP SPDR S&P Oil & Gas Exploration & Production ETF 14.7 35 0 2.6 -3.5
QDF FlexShares Quality Dividend Index Fund 14.7 37 -2 7.0 +0.9
VTV Vanguard Value Index Fund 14.6 4 31 7.4 +1.3
PKW Invesco Buyback Achievers ETF 14.6 62 -27 7.0 +0.8
FTXN First Trust Nasdaq Oil & Gas ETF 14.5 60 -25 2.2 -4.0
IXC iShares Global Energy ETF 14.5 46 -11 5.7 -0.5
VLU SPDR S&P 1500 Value Tilt ETF 14.4 12 23 7.5 +1.4
PY Principal Shareholder Yield Index ETF 14.1 29 6 9.4 +3.3
SPYV SPDR Portfolio S&P 500 Value ETF 14.0 4 31 7.4 +1.3
IVE iShares S&P 500 Value ETF 14.0 18 17 7.3 +1.1
DLN WisdomTree U.S. LargeCap Dividend Fund 14.0 28 7 6.5 +0.3
VOOV Vanguard S&P 500 Value ETF 13.9 15 20 7.3 +1.2
CCOR Core Alternative ETF 13.8 123 -88 4.3 -1.9
SLT Salt TruBeta High Exposure ETF 13.8 29 6 6.8 +0.7
DFNL Davis Select Financial ETF 13.7 64 -29 8.4 +2.3
TPHD Timothy Plan High Dividend Stock ETF 13.6 52 -17 7.3 +1.2
XLF Financial Select Sector SPDR Fund 13.6 13 22 8.2 +2.1
HLAL Wahed FTSE USA Shariah ETF 13.6 50 -15 4.7 -1.4
SDOG ALPS Sector Dividend Dogs ETF 13.5 40 -5 10.3 +4.2
IYG iShares US Financial Services ETF 13.4 42 -7 6.8 +0.7
FXZ First Trust Materials AlphaDEX Fund 13.4 65 -30 7.4 +1.3
IWX iShares Russell Top 200 Value ETF 13.3 20 15 7.1 +1.0
FVAL Fidelity Value Factor ETF 13.2 29 6 8.2 +2.1
QSY WisdomTree U.S. LargeCap Value Fund 13.2 38 -3 6.9 +0.8
IUSV iShares Core S&P U.S. Value ETF 13.2 4 31 7.5 +1.4
PRF Invesco FTSE RAFI US 1000 ETF 13.2 39 -4 6.9 +0.8
FTXO First Trust Nasdaq Bank ETF 13.1 60 -25 9.5 +3.4
FCTR First Trust Lunt U.S. Factor Rotation ETF 13.0 65 -30 5.1 -1.0
IWD iShares Russell 1000 Value ETF 12.9 19 16 7.2 +1.0
KRMA Global X Conscious Companies ETF 12.9 43 -8 5.4 -0.8
VONV Vanguard Russell 1000 Value Index Fund 12.9 8 27 7.3 +1.1
QUAL iShares MSCI Usa Quality Factor ETF 12.8 15 20 5.5 -0.7
DTD WisdomTree U.S.Total Dividend Fund 12.7 28 7 6.7 +0.6
IYM iShares U.S. Basic Materials ETF 12.6 42 -7 5.6 -0.6
RDVY First Trust Rising Dividend Achievers ETF 12.6 50 -15 7.9 +1.8
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 12.5 19 16 5.7 -0.4
SPVM Invesco S&P 500 Value with Momentum ETF 12.4 39 -4 9.5 +3.3
VFH Vanguard Financials Index Fund 12.4 10 25 8.8 +2.7
KBE SPDR S&P Bank ETF 12.4 35 0 10.9 +4.7
FNDX Schwab Fundamental U.S. Large Co. Index ETF 12.3 25 10 6.7 +0.5
XNTK SPDR Morgan Stanley Technology ETF 12.3 35 0 4.1 -2.1
CZA Invesco Zacks Mid-Cap ETF 12.2 76 -41 6.3 +0.1
FNCL Fidelity MSCI Financials Index ETF 12.2 8 27 8.8 +2.7
JHMF John Hancock Multifactor Financials ETF 12.2 40 -5 7.8 +1.6
RPV Invesco S&P 500 Pure Value ETF 12.1 35 0 11.5 +5.4
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 12.1 35 0 8.5 +2.4
DRIV Global X Autonomous & Electric Vehicles ETF 12.0 68 -33 6.1 -0.1
GNR SPDR S&P Global Natural Resources ETF 11.9 40 -5 6.6 +0.5
FEX First Trust Large Cap Core AlphaDEX Fund 11.9 60 -25 6.1 +0.0
COWZ Pacer US Cash Cows 100 ETF 11.9 49 -14 9.9 +3.8
SPYB SPDR S&P 500 Buyback ETF 11.9 35 0 9.5 +3.4
SYV SPDR MFS Systematic Value Equity ETF 11.9 60 -25 7.4 +1.3
JVAL JPMorgan U.S. Value Factor ETF 11.8 12 23 8.9 +2.8
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 11.7 15 20 6.4 +0.3
SPXV ProShares S&P 500 Ex-Health Care ETF 11.7 27 8 5.2 -0.9
QLC FlexShares US Quality Large Cap Index Fund 11.7 32 3 5.6 -0.5
DHS WisdomTree U.S. High Dividend Fund 11.6 38 -3 8.6 +2.4

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
ProShares Equities for Rising Rates ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 10.8 %
Divided by: Fwd. P/BV 1.7 x
Less: Expense ratio 35 bp
Equals: ALTAR Score 6.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.57 CATEGORY
AVERAGE
1.53
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.