EQRR vs. ABEQ

Last updated Aug 2, 2026

EQRR (ProShares Equities for Rising Rates ETF) and ABEQ (Absolute Select Value ETF) are both exchange-traded funds - EQRR is a Mid Cap Value Equities fund tracking the Nasdaq US Large Cap Equity Rising Rates Index, while ABEQ is a Large Cap Value Equities fund actively managed by Absolute Investment Advisers. EQRR is passively managed, while ABEQ is actively managed. Over the past 5 years, EQRR returned 13.84%/yr vs 8.35%/yr for ABEQ. Their 0.62 correlation means they have sometimes moved together and sometimes differently. EQRR charges 0.35%/yr vs 0.85%/yr for ABEQ.

Performance

EQRR vs. ABEQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Equities for Rising Rates ETF (EQRR) and Absolute Select Value ETF (ABEQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EQRR achieves a 29.00% return, which is significantly higher than ABEQ's 7.25% return.

EQRR

• 1D: 1.75%
• 1M: 4.41%
• 6M: 23.60%
• YTD: 29.00%
• 1Y: 40.33%
• 3Y*: 17.69%
• 5Y*: 13.84%
• 10Y*: —
• ALL TIME*: 10.68%

ABEQ

• 1D: -0.55%
• 1M: 1.03%
• 6M: 2.70%
• YTD: 7.25%
• 1Y: 13.33%
• 3Y*: 11.85%
• 5Y*: 8.35%
• 10Y*: —
• ALL TIME*: 8.07%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ABEQ Absolute Select Value ETF	$409.13K	$484.14K	$484.63K
EQRR ProShares Equities for Rising Rates ETF	$235.70K	$533.46K	$2.90M

EQRR vs. ABEQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
EQRR ProShares Equities for Rising Rates ETF	29.00%	15.49%	7.69%	9.19%	2.20%	36.11%	-9.60%
ABEQ Absolute Select Value ETF	7.25%	15.32%	12.68%	4.63%	-1.00%	12.49%	2.14%

Correlation

The correlation between EQRR and ABEQ is 0.39, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.39
Correlation (3Y) Balances recent behavior with more history.	0.58
Correlation (5Y) Shows whether the relationship held over a longer period.	0.65
Correlation (All Time) Calculated using the full available price history since Jan 22, 2020	0.62

Over the past year, the correlation between EQRR and ABEQ has dropped to 0.39 - well below their long-term average of 0.62, suggesting their price drivers have been diverging.

EQRR vs. ABEQ - Sectors Allocation Comparison

Sectors	EQRR	ABEQ
Technology	40.2%	4.4%
Energy	21.6%	11.0%
Financial Services	18.8%	27.5%
Communication Services	9.7%	6.2%
Industrials	5.5%	16.0%
Consumer Cyclical	4.3%	-
Basic Materials	-	15.5%
Consumer Defensive	-	8.2%
Healthcare	-	6.5%
Real Estate	-	5.2%
Utilities	-	3.9%

Return for Risk

EQRR vs. ABEQ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

EQRR

EQRR Risk / Return Rank: 94
EQRR Sharpe Ratio Rank: 94
EQRR Sortino Ratio Rank: 91
EQRR Omega Ratio Rank: 92
EQRR Calmar Ratio Rank: 97
EQRR Martin Ratio Rank: 96

ABEQ

ABEQ Risk / Return Rank: 54
ABEQ Sharpe Ratio Rank: 63
ABEQ Sortino Ratio Rank: 64
ABEQ Omega Ratio Rank: 60
ABEQ Calmar Ratio Rank: 47
ABEQ Martin Ratio Rank: 34

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

EQRR vs. ABEQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Equities for Rising Rates ETF (EQRR) and Absolute Select Value ETF (ABEQ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	EQRR	ABEQ	Difference
Sharpe ratio: Return per unit of total volatility	2.56	1.47	+1.10
Sortino ratio: Return per unit of downside risk	3.30	2.13	+1.17
Omega ratio: Gain probability vs. loss probability	1.46	1.26	+0.20
Calmar ratio: Return relative to maximum drawdown	7.73	1.69	+6.04
Martin ratio: Return relative to average drawdown	26.43	3.35	+23.08

EQRR vs. ABEQ - Sharpe Ratio Comparison

The current EQRR Sharpe Ratio is 2.56, which is higher than the ABEQ Sharpe Ratio of 1.47. The chart below compares the historical Sharpe Ratios of EQRR and ABEQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EQRR vs. ABEQ - Drawdown Comparison

The maximum EQRR drawdown since its inception was -57.93%, which is greater than ABEQ's maximum drawdown of -27.82%. Use the drawdown chart below to compare losses from any high point for EQRR and ABEQ.

Drawdown Indicators

	EQRR	ABEQ	Difference
Max Drawdown Largest peak-to-trough decline	-57.93%	-27.82%	-30.11%
Max Drawdown (1Y) Largest decline over 1 year	-4.95%	-7.89%	+2.94%
Max Drawdown (3Y) Largest decline over 3 years	-17.75%	-7.95%	-9.80%
Max Drawdown (5Y) Largest decline over 5 years	-21.75%	-17.26%	-4.49%
Current Drawdown Current decline from peak	0.00%	-4.02%	+4.02%
Average Drawdown Average peak-to-trough decline	-9.93%	-4.12%	-5.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.45%	3.97%	-2.52%

Volatility

EQRR vs. ABEQ - Volatility Comparison

ProShares Equities for Rising Rates ETF (EQRR) has a higher volatility of 3.47% compared to Absolute Select Value ETF (ABEQ) at 3.23%. This indicates that EQRR's price experiences larger fluctuations and is considered to be riskier than ABEQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EQRR	ABEQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.47%	3.23%	+0.24%
Volatility (6M) Calculated over the trailing 6-month period	11.86%	6.72%	+5.14%
Volatility (1Y) Calculated over the trailing 1-year period	14.98%	9.10%	+5.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.22%	10.78%	+10.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.77%	13.75%	+11.02%

EQRR vs. ABEQ - Expense Ratio Comparison

EQRR has a 0.35% expense ratio, which is lower than ABEQ's 0.85% expense ratio.

Dividends

EQRR vs. ABEQ - Dividend Comparison

EQRR's dividend yield for the trailing twelve months is around 1.07%, less than ABEQ's 1.18% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
ABEQ Absolute Select Value ETF	1.18%	1.25%	1.48%	2.60%	1.20%	0.60%	0.60%	0.00%	0.00%	0.00%
EQRR ProShares Equities for Rising Rates ETF	1.07%	1.70%	2.17%	2.77%	2.34%	1.71%	2.17%	2.05%	2.47%	0.69%

Frequently Asked Questions

Can I hold both EQRR and ABEQ in my portfolio?

EQRR and ABEQ have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EQRR or ABEQ?

EQRR has higher volatility (3.47%) compared to ABEQ (3.23%). In terms of maximum drawdown, EQRR dropped -57.93% vs ABEQ's -27.82%.

Which ETF is better, EQRR or ABEQ?

On 5-year performance, EQRR leads with 13.84% vs 8.35% for ABEQ. On fees, EQRR is cheaper at 0.35% per year. On volatility, ABEQ has been the lower-risk option at 3.23%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EQRR or ABEQ?

Over the 5-year period, EQRR has performed better with a 13.84% return vs 8.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EQRR or ABEQ?

EQRR is cheaper with a 0.35% expense ratio, compared with 0.85% for ABEQ.

Which ETF pays a higher dividend yield, EQRR or ABEQ?

ABEQ has the higher dividend yield at 1.18%, compared with 1.07% for EQRR.

What is the main difference between EQRR and ABEQ?

EQRR is categorized as Mid Cap Value Equities, while ABEQ is Large Cap Value Equities. They also come from different issuers: ProShares and Absolute Investment Advisers. Their fees differ too: 0.35% for EQRR and 0.85% for ABEQ.

Which has better risk-adjusted returns?

EQRR currently has the higher Sharpe Ratio (2.56 vs 1.47), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.