EQRR vs. RNIN

Last updated Jun 4, 2026

EQRR (ProShares Equities for Rising Rates ETF) and RNIN (Bushido Capital US SMID Cap Equity ETF) are both Mid Cap Value Equities funds. EQRR is passively managed, while RNIN is actively managed. Over the past year, EQRR returned 41.70% vs 28.56% for RNIN. A 0.73 correlation means they provide meaningful diversification when combined. EQRR charges 0.35%/yr vs 0.68%/yr for RNIN.

Performance

EQRR vs. RNIN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Equities for Rising Rates ETF (EQRR) and Bushido Capital US SMID Cap Equity ETF (RNIN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EQRR achieves a 27.33% return, which is significantly higher than RNIN's 15.93% return.

EQRR

• 1D: -0.58%
• 1M: 8.10%
• YTD: 27.33%
• 6M: 27.15%
• 1Y: 41.70%
• 3Y*: 22.28%
• 5Y*: 12.33%
• 10Y*: —

RNIN

• 1D: -1.25%
• 1M: 1.27%
• YTD: 15.93%
• 6M: 14.64%
• 1Y: 28.56%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EQRR vs. RNIN - Yearly Performance Comparison

	2026 (YTD)	2025
EQRR ProShares Equities for Rising Rates ETF	27.33%	11.21%
RNIN Bushido Capital US SMID Cap Equity ETF	15.93%	10.27%

Correlation

The correlation between EQRR and RNIN is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.72
Correlation (All Time) Calculated using the full available price history since May 16, 2025	0.73

The correlation between EQRR and RNIN has been stable across timeframes, ranging from 0.72 to 0.73 - a consistent structural relationship.

Return for Risk

EQRR vs. RNIN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EQRR

EQRR Risk / Return Rank: 91
EQRR Sharpe Ratio Rank: 90
EQRR Sortino Ratio Rank: 89
EQRR Omega Ratio Rank: 88
EQRR Calmar Ratio Rank: 95
EQRR Martin Ratio Rank: 95

RNIN

RNIN Risk / Return Rank: 70
RNIN Sharpe Ratio Rank: 58
RNIN Sortino Ratio Rank: 61
RNIN Omega Ratio Rank: 56
RNIN Calmar Ratio Rank: 88
RNIN Martin Ratio Rank: 86

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EQRR vs. RNIN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Equities for Rising Rates ETF (EQRR) and Bushido Capital US SMID Cap Equity ETF (RNIN). 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.

	EQRR	RNIN	Difference
Sharpe ratio: Return per unit of total volatility	3.11	1.93	+1.18
Sortino ratio: Return per unit of downside risk	4.10	2.82	+1.28
Omega ratio: Gain probability vs. loss probability	1.56	1.34	+0.22
Calmar ratio: Return relative to maximum drawdown	8.47	5.04	+3.43
Martin ratio: Return relative to average drawdown	31.54	17.82	+13.72
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EQRR vs. RNIN - Sharpe Ratio Comparison

The current EQRR Sharpe Ratio is 3.11, which is higher than the RNIN Sharpe Ratio of 1.93. The chart below compares the historical Sharpe Ratios of EQRR and RNIN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	EQRR	RNIN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.11	1.93	+1.18
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.58	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	1.78	-1.35

Drawdowns

EQRR vs. RNIN - Drawdown Comparison

The maximum EQRR drawdown since its inception was -57.93%, which is greater than RNIN's maximum drawdown of -5.70%. Use the drawdown chart below to compare losses from any high point for EQRR and RNIN.

Drawdown Indicators

	EQRR	RNIN	Difference
Max Drawdown Largest peak-to-trough decline	-57.93%	-5.70%	-52.23%
Max Drawdown (1Y) Largest decline over 1 year	-4.95%	-5.70%	+0.75%
Max Drawdown (3Y) Largest decline over 3 years	-17.75%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-21.75%	—	—
Current Drawdown Current decline from peak	-0.58%	-2.55%	+1.97%
Average Drawdown Average peak-to-trough decline	-10.08%	-1.24%	-8.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.33%	1.61%	-0.28%

Volatility

EQRR vs. RNIN - Volatility Comparison

ProShares Equities for Rising Rates ETF (EQRR) and Bushido Capital US SMID Cap Equity ETF (RNIN) have volatilities of 4.72% and 4.94%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EQRR	RNIN	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.72%	4.94%	-0.22%
Volatility (6M) Calculated over the trailing 6-month period	10.35%	10.50%	-0.15%
Volatility (1Y) Calculated over the trailing 1-year period	13.50%	14.87%	-1.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.39%	14.97%	+6.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.87%	14.97%	+9.90%

EQRR vs. RNIN - Expense Ratio Comparison

EQRR has a 0.35% expense ratio, which is lower than RNIN's 0.68% expense ratio.

Dividends

EQRR vs. RNIN - Dividend Comparison

EQRR's dividend yield for the trailing twelve months is around 1.20%, more than RNIN's 0.76% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
EQRR ProShares Equities for Rising Rates ETF	1.20%	1.70%	2.17%	2.77%	2.34%	1.71%	2.17%	2.05%	2.47%	0.69%
RNIN Bushido Capital US SMID Cap Equity ETF	0.76%	0.71%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EQRR and RNIN in my portfolio?

EQRR and RNIN have a correlation of 0.72, 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 RNIN?

RNIN has higher volatility (4.94%) compared to EQRR (4.72%). In terms of maximum drawdown, EQRR dropped -57.93% vs RNIN's -5.70%.

Which ETF is better, EQRR or RNIN?

On 1-year performance, EQRR leads with 41.70% vs 28.56% for RNIN. On fees, EQRR is cheaper at 0.35% per year. On volatility, EQRR has been the lower-risk option at 4.72%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EQRR or RNIN?

Over the 1-year period, EQRR has performed better with a 41.70% return vs 28.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EQRR or RNIN?

EQRR is cheaper with a 0.35% expense ratio, compared with 0.68% for RNIN.

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

EQRR has the higher dividend yield at 1.20%, compared with 0.76% for RNIN.

What is the main difference between EQRR and RNIN?

They also come from different issuers: ProShares and Bushido. Their fees differ too: 0.35% for EQRR and 0.68% for RNIN.

Which has better risk-adjusted returns?

EQRR currently has the higher Sharpe Ratio (3.11 vs 1.93), 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.