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DEEP vs. XSVM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

DEEP vs. XSVM

Last updated Jun 24, 2026

DEEP (Roundhill Acquirers Deep Value ETF) and XSVM (Invesco S&P SmallCap Value with Momentum ETF) are both exchange-traded funds - DEEP is a Small Cap Value Equities fund tracking the DEEP-US - Acquirers Deep Value Index, while XSVM is a Momentum fund tracking the S&P SmallCap 600 High Momentum Value Index. Both are passively managed. Over the past 10 years, DEEP returned 8.73%/yr vs 13.32%/yr for XSVM. Their correlation of 0.82 suggests significant overlap in exposure. DEEP charges 0.80%/yr vs 0.37%/yr for XSVM.

Performance

DEEP vs. XSVM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Acquirers Deep Value ETF (DEEP) and Invesco S&P SmallCap Value with Momentum ETF (XSVM). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, DEEP achieves a 17.68% return, which is significantly lower than XSVM's 20.98% return. Over the past 10 years, DEEP has underperformed XSVM with an annualized return of 8.73%, while XSVM has yielded a comparatively higher 13.32% 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%

XSVM

1D
0.77%
1M
3.66%
YTD
20.98%
6M
18.82%
1Y
37.12%
3Y*
17.66%
5Y*
7.87%
10Y*
13.32%
*Multi-year figures are annualized to reflect compound growth (CAGR)

DEEP vs. XSVM - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
XSVM
Invesco S&P SmallCap Value with Momentum ETF		20.98%7.47%2.30%20.20%-13.63%56.36%5.08%30.01%-12.33%3.62%

Correlation

The correlation between DEEP and XSVM is 0.83, 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

0.83

Correlation (3Y)
Calculated over the trailing 3-year period

0.88

Correlation (5Y)
Calculated over the trailing 5-year period

0.91

Correlation (10Y)
Calculated over the trailing 10-year period

0.84

Correlation (All Time)
Calculated using the full available price history since Sep 23, 2014

0.82

The correlation between DEEP and XSVM has been stable across timeframes, ranging from 0.82 to 0.91 - a consistent structural relationship.

DEEP vs. XSVM - Sectors Allocation Comparison

Sectors
DEEP
XSVM

Consumer Cyclical

26.6%
17.4%

Industrials

25.3%
6.3%

Consumer Defensive

9.8%
6.9%

Financial Services

9.2%
38.7%

Technology

8.5%
9.5%

Healthcare

7.0%
1.1%

Energy

5.2%
9.3%

Basic Materials

4.5%
2.0%

Communication Services

3.9%
2.8%

Real Estate

3.1%
4.8%

Utilities

-

1.2%

Consumer Cyclical

DEEP
26.6%
XSVM
17.4%

Industrials

DEEP
25.3%
XSVM
6.3%

Consumer Defensive

DEEP
9.8%
XSVM
6.9%

Financial Services

DEEP
9.2%
XSVM
38.7%

Technology

DEEP
8.5%
XSVM
9.5%

Healthcare

DEEP
7.0%
XSVM
1.1%

Energy

DEEP
5.2%
XSVM
9.3%

Basic Materials

DEEP
4.5%
XSVM
2.0%

Communication Services

DEEP
3.9%
XSVM
2.8%

Real Estate

DEEP
3.1%
XSVM
4.8%

Utilities

DEEP

-

XSVM
1.2%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Roundhill Acquirers Deep Value ETF

Invesco S&P SmallCap Value with Momentum ETF

Often compared with DEEP:
DEEP vs. ZIGDEEP vs. FVALDEEP vs. FNGSDEEP vs. VTVDEEP vs. CALFDEEP vs. QQQDEEP vs. SPY
Often compared with XSVM:
XSVM vs. XSMOXSVM vs. AVUVXSVM vs. RWJXSVM vs. XSHQXSVM vs. SPHBXSVM vs. DGRSXSVM vs. RYPRX

Return for Risk

DEEP vs. XSVM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
DEEP
DEEP Risk / Return Rank: 5050
Overall Rank
DEEP Sharpe Ratio Rank: 5050
Sharpe Ratio Rank
DEEP Sortino Ratio Rank: 5353
Sortino Ratio Rank
DEEP Omega Ratio Rank: 4444
Omega Ratio Rank
DEEP Calmar Ratio Rank: 5757
Calmar Ratio Rank
DEEP Martin Ratio Rank: 4848
Martin Ratio Rank
XSVM
XSVM Risk / Return Rank: 6767
Overall Rank
XSVM Sharpe Ratio Rank: 6565
Sharpe Ratio Rank
XSVM Sortino Ratio Rank: 6767
Sortino Ratio Rank
XSVM Omega Ratio Rank: 6262
Omega Ratio Rank
XSVM Calmar Ratio Rank: 7676
Calmar Ratio Rank
XSVM Martin Ratio Rank: 6666
Martin Ratio Rank
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. XSVM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Acquirers Deep Value ETF (DEEP) and Invesco S&P SmallCap Value with Momentum ETF (XSVM). 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.

DEEPXSVMDifference
Sharpe ratioReturn per unit of total volatility
1.62
2.03

-0.41

Sortino ratioReturn per unit of downside risk
2.37
2.93

-0.56

Omega ratioGain probability vs. loss probability

1.27

1.36

-0.09

Calmar ratioReturn relative to maximum drawdown

2.63

3.70

-1.07

Martin ratioReturn relative to average drawdown

7.56

11.45

-3.88

DEEP vs. XSVM - Sharpe Ratio Comparison

The current DEEP Sharpe Ratio is 1.62, which is comparable to the XSVM Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of DEEP and XSVM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

DEEP vs. XSVM - Drawdown Comparison

The maximum DEEP drawdown since its inception was -52.52%, smaller than the maximum XSVM drawdown of -62.57%. Use the drawdown chart below to compare losses from any high point for DEEP and XSVM.

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Drawdown Indicators

DEEPXSVMDifference

Max Drawdown

Largest peak-to-trough decline

-52.52%

-62.57%

+10.05%

Max Drawdown (1Y)

Largest decline over 1 year

-11.87%

-10.08%

-1.79%

Max Drawdown (3Y)

Largest decline over 3 years

-28.40%

-26.21%

-2.19%

Max Drawdown (5Y)

Largest decline over 5 years

-28.40%

-26.21%

-2.19%

Max Drawdown (10Y)

Largest decline over 10 years

-52.52%

-49.02%

-3.50%

Current Drawdown

Current decline from peak

-0.49%

-0.73%

+0.24%

Average Drawdown

Average peak-to-trough decline

-10.36%

-11.54%

+1.18%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.12%

3.25%

+0.87%

Volatility

DEEP vs. XSVM - Volatility Comparison

Roundhill Acquirers Deep Value ETF (DEEP) has a higher volatility of 4.88% compared to Invesco S&P SmallCap Value with Momentum ETF (XSVM) at 4.63%. This indicates that DEEP's price experiences larger fluctuations and is considered to be riskier than XSVM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

DEEPXSVMDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.88%

4.63%

+0.25%

Volatility (6M)

Calculated over the trailing 6-month period

12.29%

12.28%

+0.01%

Volatility (1Y)

Calculated over the trailing 1-year period

19.29%

18.54%

+0.75%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.63%

22.55%

-0.92%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

24.25%

25.07%

-0.82%

DEEP vs. XSVM - Expense Ratio Comparison

DEEP has a 0.80% expense ratio, which is higher than XSVM's 0.37% expense ratio.

Dividends

DEEP vs. XSVM - Dividend Comparison

DEEP's dividend yield for the trailing twelve months is around 1.45%, less than XSVM's 1.82% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
XSVM
Invesco S&P SmallCap Value with Momentum ETF		1.82%2.29%1.69%1.31%1.79%1.23%1.21%1.22%2.54%1.90%2.29%2.68%

Frequently Asked Questions

DEEP and XSVM have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

DEEP has higher volatility (4.88%) compared to XSVM (4.63%). In terms of maximum drawdown, DEEP dropped -52.52% vs XSVM's -62.57%.

On 10-year performance, XSVM leads with 13.32% vs 8.73% for DEEP. On fees, XSVM is cheaper at 0.37% per year. On volatility, XSVM has been the lower-risk option at 4.63%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, XSVM has performed better with a 13.32% return vs 8.73%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

XSVM is cheaper with a 0.37% expense ratio, compared with 0.80% for DEEP.

XSVM has the higher dividend yield at 1.82%, compared with 1.45% for DEEP.

DEEP is categorized as Small Cap Value Equities, while XSVM is Momentum. DEEP tracks DEEP-US - Acquirers Deep Value Index, while XSVM tracks S&P SmallCap 600 High Momentum Value Index. They also come from different issuers: Exchange Traded Concepts and Invesco. Their fees differ too: 0.80% for DEEP and 0.37% for XSVM.

XSVM currently has the higher Sharpe Ratio (2.03 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.

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