DEEP vs. FBGRX

Last updated Jun 24, 2026

DEEP (Roundhill Acquirers Deep Value ETF) and FBGRX (Fidelity Blue Chip Growth Fund) are both funds - DEEP is a Small Cap Value Equities fund tracking the DEEP-US - Acquirers Deep Value Index, while FBGRX is a Large Cap Growth Equities fund managed by Fidelity. Over the past 10 years, DEEP returned 8.73%/yr vs 22.38%/yr for FBGRX. A 0.57 correlation means they provide meaningful diversification when combined. DEEP charges 0.80%/yr vs 0.79%/yr for FBGRX.

Performance

DEEP vs. FBGRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Acquirers Deep Value ETF (DEEP) and Fidelity Blue Chip Growth Fund (FBGRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with DEEP having a 17.68% return and FBGRX slightly lower at 16.84%. Over the past 10 years, DEEP has underperformed FBGRX with an annualized return of 8.73%, while FBGRX has yielded a comparatively higher 22.38% 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%

FBGRX

• 1D: -1.86%
• 1M: 2.83%
• YTD: 16.84%
• 6M: 15.60%
• 1Y: 40.72%
• 3Y*: 30.85%
• 5Y*: 15.32%
• 10Y*: 22.38%

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

DEEP vs. FBGRX - 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%
FBGRX Fidelity Blue Chip Growth Fund	16.84%	19.91%	39.77%	55.61%	-38.45%	22.64%	62.20%	33.43%	1.02%	36.01%

Correlation

The correlation between DEEP and FBGRX is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (3Y) Calculated over the trailing 3-year period	0.46
Correlation (5Y) Calculated over the trailing 5-year period	0.60
Correlation (10Y) Calculated over the trailing 10-year period	0.56
Correlation (All Time) Calculated using the full available price history since Sep 23, 2014	0.57

The correlation between DEEP and FBGRX shifts across timeframes, from 0.44 (1 year) to 0.60 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

DEEP vs. FBGRX — 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

FBGRX

FBGRX Risk / Return Rank: 68
FBGRX Sharpe Ratio Rank: 69
FBGRX Sortino Ratio Rank: 56
FBGRX Omega Ratio Rank: 57
FBGRX Calmar Ratio Rank: 77
FBGRX Martin Ratio Rank: 78

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. FBGRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Acquirers Deep Value ETF (DEEP) and Fidelity Blue Chip Growth Fund (FBGRX). 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	FBGRX	Difference
Sharpe ratio: Return per unit of total volatility	1.62	2.23	-0.61
Sortino ratio: Return per unit of downside risk	2.37	2.89	-0.53
Omega ratio: Gain probability vs. loss probability	1.27	1.38	-0.11
Calmar ratio: Return relative to maximum drawdown	2.63	3.31	-0.68
Martin ratio: Return relative to average drawdown	7.56	13.66	-6.09

DEEP vs. FBGRX - Sharpe Ratio Comparison

The current DEEP Sharpe Ratio is 1.62, which is comparable to the FBGRX Sharpe Ratio of 2.23. The chart below compares the historical Sharpe Ratios of DEEP and FBGRX, 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. FBGRX - Drawdown Comparison

The maximum DEEP drawdown since its inception was -52.52%, smaller than the maximum FBGRX drawdown of -58.64%. Use the drawdown chart below to compare losses from any high point for DEEP and FBGRX.

Drawdown Indicators

	DEEP	FBGRX	Difference
Max Drawdown Largest peak-to-trough decline	-52.52%	-58.64%	+6.12%
Max Drawdown (1Y) Largest decline over 1 year	-11.87%	-12.65%	+0.78%
Max Drawdown (3Y) Largest decline over 3 years	-28.40%	-27.07%	-1.33%
Max Drawdown (5Y) Largest decline over 5 years	-28.40%	-43.08%	+14.68%
Max Drawdown (10Y) Largest decline over 10 years	-52.52%	-43.08%	-9.44%
Current Drawdown Current decline from peak	-0.49%	-2.19%	+1.70%
Average Drawdown Average peak-to-trough decline	-10.36%	-12.51%	+2.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.12%	3.06%	+1.06%

Volatility

DEEP vs. FBGRX - Volatility Comparison

The current volatility for Roundhill Acquirers Deep Value ETF (DEEP) is 4.88%, while Fidelity Blue Chip Growth Fund (FBGRX) has a volatility of 8.03%. This indicates that DEEP experiences smaller price fluctuations and is considered to be less risky than FBGRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DEEP	FBGRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.88%	8.03%	-3.15%
Volatility (6M) Calculated over the trailing 6-month period	12.29%	14.72%	-2.43%
Volatility (1Y) Calculated over the trailing 1-year period	19.29%	18.85%	+0.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.63%	25.09%	-3.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.25%	23.80%	+0.45%

DEEP vs. FBGRX - Expense Ratio Comparison

DEEP has a 0.80% expense ratio, which is higher than FBGRX's 0.79% expense ratio.

Dividends

DEEP vs. FBGRX - Dividend Comparison

DEEP's dividend yield for the trailing twelve months is around 1.45%, less than FBGRX's 1.63% 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%
FBGRX Fidelity Blue Chip Growth Fund	1.63%	1.90%	5.95%	0.93%	0.57%	8.73%	6.40%	3.70%	6.32%	4.23%	4.05%	5.30%

Frequently Asked Questions

Can I hold both DEEP and FBGRX in my portfolio?

DEEP and FBGRX have a correlation of 0.44, 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 FBGRX?

FBGRX has higher volatility (8.03%) compared to DEEP (4.88%). In terms of maximum drawdown, DEEP dropped -52.52% vs FBGRX's -58.64%.

Which has better risk-adjusted returns?

FBGRX currently has the higher Sharpe Ratio (2.23 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.