DEEP vs. DGRS

Last updated Jun 24, 2026

DEEP (Roundhill Acquirers Deep Value ETF) and DGRS (WisdomTree U.S. SmallCap Quality Dividend Growth Fund) are both Small Cap Value Equities funds - DEEP tracks the DEEP-US - Acquirers Deep Value Index while DGRS tracks the WisdomTree U.S. SmallCap Quality Dividend Growth Index. Both are passively managed. Over the past 10 years, DEEP returned 8.73%/yr vs 10.20%/yr for DGRS. Their correlation of 0.85 suggests significant overlap in exposure. DEEP charges 0.80%/yr vs 0.38%/yr for DGRS.

Performance

DEEP vs. DGRS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Acquirers Deep Value ETF (DEEP) and WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with DEEP having a 17.68% return and DGRS slightly higher at 18.11%. Over the past 10 years, DEEP has underperformed DGRS with an annualized return of 8.73%, while DGRS has yielded a comparatively higher 10.20% annualized return.

DEEP

• 1D: 0.49%
• 1M: 5.91%
• YTD: 17.68%
• 6M: 17.12%
• 1Y: 31.10%
• 3Y*: 11.54%
• 5Y*: 5.26%
• 10Y*: 8.73%

DGRS

• 1D: 0.27%
• 1M: 4.10%
• YTD: 18.11%
• 6M: 16.32%
• 1Y: 29.18%
• 3Y*: 15.37%
• 5Y*: 7.15%
• 10Y*: 10.20%

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

DEEP vs. DGRS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DEEP Roundhill Acquirers Deep Value ETF	17.68%	5.69%	-2.97%	22.37%	-17.71%	35.66%	-9.96%	12.54%	-7.17%	27.19%
DGRS WisdomTree U.S. SmallCap Quality Dividend Growth Fund	18.11%	-0.43%	10.40%	21.16%	-13.11%	23.11%	7.86%	24.20%	-10.75%	7.25%

Correlation

The correlation between DEEP and DGRS is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (10Y) Calculated over the trailing 10-year period	0.87
Correlation (All Time) Calculated using the full available price history since Sep 23, 2014	0.85

The correlation between DEEP and DGRS has been stable across timeframes, ranging from 0.85 to 0.92 - a consistent structural relationship.

DEEP vs. DGRS - Sectors Allocation Comparison

Sectors	DEEP	DGRS
Consumer Cyclical	26.6%	16.1%
Industrials	25.3%	19.1%
Consumer Defensive	9.8%	6.3%
Financial Services	9.2%	25.5%
Technology	8.5%	9.2%
Healthcare	7.0%	1.2%
Energy	5.2%	10.8%
Basic Materials	4.5%	8.1%
Communication Services	3.9%	1.9%
Real Estate	3.1%	1.8%
Utilities	-	0.2%

Return for Risk

DEEP vs. DGRS — Risk / Return Rank

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

DEEP

DEEP Risk / Return Rank: 50
DEEP Sharpe Ratio Rank: 50
DEEP Sortino Ratio Rank: 53
DEEP Omega Ratio Rank: 44
DEEP Calmar Ratio Rank: 57
DEEP Martin Ratio Rank: 48

DGRS

DGRS Risk / Return Rank: 55
DGRS Sharpe Ratio Rank: 50
DGRS Sortino Ratio Rank: 56
DGRS Omega Ratio Rank: 48
DGRS Calmar Ratio Rank: 65
DGRS Martin Ratio Rank: 57

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.

DEEP vs. DGRS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Acquirers Deep Value ETF (DEEP) and WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS). 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.

	DEEP	DGRS	Difference
Sharpe ratio: Return per unit of total volatility	1.62	1.64	-0.02
Sortino ratio: Return per unit of downside risk	2.37	2.53	-0.16
Omega ratio: Gain probability vs. loss probability	1.27	1.29	-0.02
Calmar ratio: Return relative to maximum drawdown	2.63	3.03	-0.40
Martin ratio: Return relative to average drawdown	7.56	9.34	-1.78

DEEP vs. DGRS - Sharpe Ratio Comparison

The current DEEP Sharpe Ratio is 1.62, which is comparable to the DGRS Sharpe Ratio of 1.64. The chart below compares the historical Sharpe Ratios of DEEP and DGRS, 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

DEEP vs. DGRS - Drawdown Comparison

The maximum DEEP drawdown since its inception was -52.52%, which is greater than DGRS's maximum drawdown of -44.83%. Use the drawdown chart below to compare losses from any high point for DEEP and DGRS.

Drawdown Indicators

	DEEP	DGRS	Difference
Max Drawdown Largest peak-to-trough decline	-52.52%	-44.83%	-7.69%
Max Drawdown (1Y) Largest decline over 1 year	-11.87%	-9.68%	-2.19%
Max Drawdown (3Y) Largest decline over 3 years	-28.40%	-27.57%	-0.83%
Max Drawdown (5Y) Largest decline over 5 years	-28.40%	-27.57%	-0.83%
Max Drawdown (10Y) Largest decline over 10 years	-52.52%	-44.83%	-7.69%
Current Drawdown Current decline from peak	-0.49%	-0.40%	-0.09%
Average Drawdown Average peak-to-trough decline	-10.36%	-6.70%	-3.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.12%	3.13%	+0.99%

Volatility

DEEP vs. DGRS - Volatility Comparison

Roundhill Acquirers Deep Value ETF (DEEP) has a higher volatility of 4.88% compared to WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS) at 3.99%. This indicates that DEEP's price experiences larger fluctuations and is considered to be riskier than DGRS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DEEP	DGRS	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.88%	3.99%	+0.89%
Volatility (6M) Calculated over the trailing 6-month period	12.29%	11.29%	+1.00%
Volatility (1Y) Calculated over the trailing 1-year period	19.29%	17.91%	+1.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.63%	20.38%	+1.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.25%	23.61%	+0.64%

DEEP vs. DGRS - Expense Ratio Comparison

DEEP has a 0.80% expense ratio, which is higher than DGRS's 0.38% expense ratio.

Dividends

DEEP vs. DGRS - Dividend Comparison

DEEP's dividend yield for the trailing twelve months is around 1.45%, less than DGRS's 2.14% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DEEP Roundhill Acquirers Deep Value ETF	1.45%	1.78%	1.96%	1.67%	1.28%	1.43%	4.03%	3.49%	1.51%	2.01%	3.14%	3.98%
DGRS WisdomTree U.S. SmallCap Quality Dividend Growth Fund	2.14%	2.68%	2.15%	2.36%	2.88%	2.19%	2.32%	2.39%	2.64%	1.90%	1.82%	2.55%

Frequently Asked Questions

Can I hold both DEEP and DGRS in my portfolio?

DEEP and DGRS have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DEEP or DGRS?

DEEP has higher volatility (4.88%) compared to DGRS (3.99%). In terms of maximum drawdown, DEEP dropped -52.52% vs DGRS's -44.83%.

Which ETF is better, DEEP or DGRS?

On 10-year performance, DGRS leads with 10.20% vs 8.73% for DEEP. On fees, DGRS is cheaper at 0.38% per year. On volatility, DGRS has been the lower-risk option at 3.99%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DEEP or DGRS?

Over the 10-year period, DGRS has performed better with a 10.20% return vs 8.73%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DEEP or DGRS?

DGRS is cheaper with a 0.38% expense ratio, compared with 0.80% for DEEP.

Which ETF pays a higher dividend yield, DEEP or DGRS?

DGRS has the higher dividend yield at 2.14%, compared with 1.45% for DEEP.

What is the main difference between DEEP and DGRS?

DEEP tracks DEEP-US - Acquirers Deep Value Index, while DGRS tracks WisdomTree U.S. SmallCap Quality Dividend Growth Index. They also come from different issuers: Exchange Traded Concepts and WisdomTree. Their fees differ too: 0.80% for DEEP and 0.38% for DGRS.

Which has better risk-adjusted returns?

DGRS currently has the higher Sharpe Ratio (1.64 vs 1.62), 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.