DEEP vs. QQQ
Compare and contrast key facts about Roundhill Acquirers Deep Value ETF (DEEP) and Invesco QQQ (QQQ).
DEEP and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DEEP is a passively managed fund by Exchange Traded Concepts that tracks the performance of the DEEP-US - Acquirers Deep Value Index. It was launched on Sep 23, 2014. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both DEEP and QQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DEEP or QQQ.
Performance
DEEP vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, DEEP achieves a 2.77% return, which is significantly lower than QQQ's 24.04% return. Over the past 10 years, DEEP has underperformed QQQ with an annualized return of 6.85%, while QQQ has yielded a comparatively higher 18.03% annualized return.
DEEP
2.77%
6.99%
6.21%
15.22%
5.27%
6.85%
QQQ
24.04%
3.57%
10.78%
30.56%
20.99%
18.03%
Key characteristics
| DEEP | QQQ | |
|---|---|---|
| Sharpe Ratio | 0.76 | 1.76 |
| Sortino Ratio | 1.21 | 2.35 |
| Omega Ratio | 1.15 | 1.32 |
| Calmar Ratio | 1.11 | 2.25 |
| Martin Ratio | 2.69 | 8.18 |
| Ulcer Index | 5.65% | 3.74% |
| Daily Std Dev | 19.99% | 17.36% |
| Max Drawdown | -51.92% | -82.98% |
| Current Drawdown | -3.16% | -1.62% |
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DEEP vs. QQQ - Expense Ratio Comparison
DEEP has a 0.80% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Correlation
The correlation between DEEP and QQQ is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
DEEP vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Acquirers Deep Value ETF (DEEP) and Invesco QQQ (QQQ). 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.
Dividends
DEEP vs. QQQ - Dividend Comparison
DEEP's dividend yield for the trailing twelve months is around 1.50%, more than QQQ's 0.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DEEP Roundhill Acquirers Deep Value ETF | 1.50% | 1.67% | 1.28% | 1.43% | 4.03% | 3.49% | 2.78% | 2.01% | 3.14% | 3.98% | 0.42% | 0.00% |
QQQ Invesco QQQ | 0.60% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
DEEP vs. QQQ - Drawdown Comparison
The maximum DEEP drawdown since its inception was -51.92%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for DEEP and QQQ. For additional features, visit the drawdowns tool.
Volatility
DEEP vs. QQQ - Volatility Comparison
Roundhill Acquirers Deep Value ETF (DEEP) has a higher volatility of 7.01% compared to Invesco QQQ (QQQ) at 5.36%. This indicates that DEEP's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.