VFVA vs. EQRR

Last updated Aug 2, 2026

VFVA (Vanguard U.S. Value Factor ETF) and EQRR (ProShares Equities for Rising Rates ETF) are both Mid Cap Value Equities funds. VFVA is actively managed, while EQRR is passively managed. Over the past 5 years, VFVA returned 12.45%/yr vs 13.84%/yr for EQRR. Their 0.75 correlation means they have sometimes moved together and sometimes differently. VFVA charges 0.13%/yr vs 0.35%/yr for EQRR.

Performance

VFVA vs. EQRR - Performance Comparison

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

Returns By Period

In the year-to-date period, VFVA achieves a 19.47% return, which is significantly lower than EQRR's 29.00% return.

VFVA

• 1D: -0.14%
• 1M: 4.08%
• 6M: 14.51%
• YTD: 19.47%
• 1Y: 37.96%
• 3Y*: 16.39%
• 5Y*: 12.45%
• 10Y*: —
• ALL TIME*: 10.75%

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%

*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)
EQRR ProShares Equities for Rising Rates ETF	$235.70K	$533.46K	$2.90M
VFVA Vanguard U.S. Value Factor ETF	$2.76M	$2.45M	$1.67M

VFVA vs. EQRR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
VFVA Vanguard U.S. Value Factor ETF	19.47%	14.77%	7.67%	17.37%	-3.96%	36.94%	2.28%	25.42%	-18.90%
EQRR ProShares Equities for Rising Rates ETF	29.00%	15.49%	7.69%	9.19%	2.20%	36.11%	-10.14%	19.57%	-19.27%

Correlation

The correlation between VFVA and EQRR is 0.55, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.55
Correlation (3Y) Balances recent behavior with more history.	0.77
Correlation (5Y) Shows whether the relationship held over a longer period.	0.81
Correlation (All Time) Calculated using the full available price history since Feb 15, 2018	0.75

Over the past year, the correlation between VFVA and EQRR has dropped to 0.55 - well below their long-term average of 0.75, suggesting their price drivers have been diverging.

VFVA vs. EQRR - Sectors Allocation Comparison

Sectors	VFVA	EQRR
Financial Services	25.7%	18.8%
Healthcare	14.9%	-
Technology	14.5%	40.2%
Consumer Cyclical	13.1%	4.3%
Industrials	7.6%	5.5%
Energy	7.3%	21.6%
Consumer Defensive	7.1%	-
Communication Services	6.2%	9.7%
Basic Materials	3.3%	-
Real Estate	0.4%	-
Utilities	-	-

Return for Risk

VFVA vs. EQRR — Risk / Return Rank

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

VFVA

VFVA Risk / Return Rank: 92
VFVA Sharpe Ratio Rank: 92
VFVA Sortino Ratio Rank: 93
VFVA Omega Ratio Rank: 90
VFVA Calmar Ratio Rank: 92
VFVA Martin Ratio Rank: 90

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

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.

VFVA vs. EQRR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard U.S. Value Factor ETF (VFVA) and ProShares Equities for Rising Rates ETF (EQRR). 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.

	VFVA	EQRR	Difference
Sharpe ratio: Return per unit of total volatility	2.40	2.56	-0.16
Sortino ratio: Return per unit of downside risk	3.49	3.30	+0.19
Omega ratio: Gain probability vs. loss probability	1.42	1.46	-0.03
Calmar ratio: Return relative to maximum drawdown	4.19	7.73	-3.55
Martin ratio: Return relative to average drawdown	14.15	26.43	-12.28

VFVA vs. EQRR - Sharpe Ratio Comparison

The current VFVA Sharpe Ratio is 2.40, which is comparable to the EQRR Sharpe Ratio of 2.56. The chart below compares the historical Sharpe Ratios of VFVA and EQRR, 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

VFVA vs. EQRR - Drawdown Comparison

The maximum VFVA drawdown since its inception was -48.58%, smaller than the maximum EQRR drawdown of -57.93%. Use the drawdown chart below to compare losses from any high point for VFVA and EQRR.

Drawdown Indicators

	VFVA	EQRR	Difference
Max Drawdown Largest peak-to-trough decline	-48.58%	-57.93%	+9.35%
Max Drawdown (1Y) Largest decline over 1 year	-8.55%	-4.95%	-3.60%
Max Drawdown (3Y) Largest decline over 3 years	-24.07%	-17.75%	-6.32%
Max Drawdown (5Y) Largest decline over 5 years	-24.07%	-21.75%	-2.32%
Current Drawdown Current decline from peak	-1.29%	0.00%	-1.29%
Average Drawdown Average peak-to-trough decline	-7.24%	-9.93%	+2.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.52%	1.45%	+1.07%

Volatility

VFVA vs. EQRR - Volatility Comparison

Vanguard U.S. Value Factor ETF (VFVA) has a higher volatility of 4.31% compared to ProShares Equities for Rising Rates ETF (EQRR) at 3.47%. This indicates that VFVA's price experiences larger fluctuations and is considered to be riskier than EQRR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VFVA	EQRR	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.31%	3.47%	+0.84%
Volatility (6M) Calculated over the trailing 6-month period	10.12%	11.86%	-1.74%
Volatility (1Y) Calculated over the trailing 1-year period	14.96%	14.98%	-0.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.05%	21.22%	-1.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.20%	24.77%	-0.57%

VFVA vs. EQRR - Expense Ratio Comparison

VFVA has a 0.13% expense ratio, which is lower than EQRR's 0.35% expense ratio.

Dividends

VFVA vs. EQRR - Dividend Comparison

VFVA's dividend yield for the trailing twelve months is around 1.77%, more than EQRR's 1.07% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
VFVA Vanguard U.S. Value Factor ETF	1.77%	2.13%	2.40%	2.45%	2.21%	1.68%	2.04%	2.08%	1.65%	0.00%

Frequently Asked Questions

Can I hold both VFVA and EQRR in my portfolio?

VFVA and EQRR have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VFVA or EQRR?

VFVA has higher volatility (4.31%) compared to EQRR (3.47%). In terms of maximum drawdown, VFVA dropped -48.58% vs EQRR's -57.93%.

Which ETF is better, VFVA or EQRR?

On 5-year performance, EQRR leads with 13.84% vs 12.45% for VFVA. On fees, VFVA is cheaper at 0.13% per year. On volatility, EQRR has been the lower-risk option at 3.47%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VFVA or EQRR?

Over the 5-year period, EQRR has performed better with a 13.84% return vs 12.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VFVA or EQRR?

VFVA is cheaper with a 0.13% expense ratio, compared with 0.35% for EQRR.

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

VFVA has the higher dividend yield at 1.77%, compared with 1.07% for EQRR.

What is the main difference between VFVA and EQRR?

They also come from different issuers: Vanguard and ProShares. Their fees differ too: 0.13% for VFVA and 0.35% for EQRR.

Which has better risk-adjusted returns?

EQRR currently has the higher Sharpe Ratio (2.56 vs 2.40), 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.