EPSV vs. DEEP

Last updated Jun 24, 2026

EPSV (Harbor SMID Cap Value ETF) and DEEP (Roundhill Acquirers Deep Value ETF) are both Small Cap Value Equities funds. EPSV is actively managed, while DEEP is passively managed. Over the past year, EPSV returned 45.03% vs 31.10% for DEEP. A 0.79 correlation means they provide meaningful diversification when combined. EPSV charges 0.88%/yr vs 0.80%/yr for DEEP.

Performance

EPSV vs. DEEP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Harbor SMID Cap Value ETF (EPSV) and Roundhill Acquirers Deep Value ETF (DEEP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EPSV achieves a 27.95% return, which is significantly higher than DEEP's 17.68% return.

EPSV

• 1D: -0.87%
• 1M: 4.61%
• YTD: 27.95%
• 6M: 25.89%
• 1Y: 45.03%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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%

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

EPSV vs. DEEP - Yearly Performance Comparison

	2026 (YTD)	2025
EPSV Harbor SMID Cap Value ETF	27.95%	22.17%
DEEP Roundhill Acquirers Deep Value ETF	17.68%	22.97%

Correlation

The correlation between EPSV and DEEP is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.77
Correlation (All Time) Calculated using the full available price history since May 2, 2025	0.79

The correlation between EPSV and DEEP has been stable across timeframes, ranging from 0.77 to 0.79 - a consistent structural relationship.

EPSV vs. DEEP - Sectors Allocation Comparison

Sectors	EPSV	DEEP
Industrials	23.2%	25.3%
Financial Services	17.9%	9.2%
Technology	16.1%	8.5%
Real Estate	8.3%	3.1%
Consumer Cyclical	8.3%	26.6%
Basic Materials	5.2%	4.5%
Energy	4.6%	5.2%
Consumer Defensive	3.7%	9.8%
Healthcare	2.4%	7.0%
Utilities	1.5%	-
Communication Services	-	3.9%

Return for Risk

EPSV vs. DEEP — Risk / Return Rank

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

EPSV

EPSV Risk / Return Rank: 86
EPSV Sharpe Ratio Rank: 86
EPSV Sortino Ratio Rank: 87
EPSV Omega Ratio Rank: 80
EPSV Calmar Ratio Rank: 90
EPSV Martin Ratio Rank: 88

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

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.

EPSV vs. DEEP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harbor SMID Cap Value ETF (EPSV) and Roundhill Acquirers Deep Value ETF (DEEP). 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.

	EPSV	DEEP	Difference
Sharpe ratio: Return per unit of total volatility	2.50	1.62	+0.88
Sortino ratio: Return per unit of downside risk	3.51	2.37	+1.15
Omega ratio: Gain probability vs. loss probability	1.43	1.27	+0.16
Calmar ratio: Return relative to maximum drawdown	5.06	2.63	+2.43
Martin ratio: Return relative to average drawdown	17.56	7.56	+10.00

EPSV vs. DEEP - Sharpe Ratio Comparison

The current EPSV Sharpe Ratio is 2.50, which is higher than the DEEP Sharpe Ratio of 1.62. The chart below compares the historical Sharpe Ratios of EPSV and DEEP, 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

EPSV vs. DEEP - Drawdown Comparison

The maximum EPSV drawdown since its inception was -8.93%, smaller than the maximum DEEP drawdown of -52.52%. Use the drawdown chart below to compare losses from any high point for EPSV and DEEP.

Drawdown Indicators

	EPSV	DEEP	Difference
Max Drawdown Largest peak-to-trough decline	-8.93%	-52.52%	+43.59%
Max Drawdown (1Y) Largest decline over 1 year	-8.93%	-11.87%	+2.94%
Max Drawdown (3Y) Largest decline over 3 years	—	-28.40%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-28.40%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-52.52%	—
Current Drawdown Current decline from peak	-0.87%	-0.49%	-0.38%
Average Drawdown Average peak-to-trough decline	-1.63%	-10.36%	+8.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.57%	4.12%	-1.55%

Volatility

EPSV vs. DEEP - Volatility Comparison

Harbor SMID Cap Value ETF (EPSV) has a higher volatility of 5.60% compared to Roundhill Acquirers Deep Value ETF (DEEP) at 4.88%. This indicates that EPSV's price experiences larger fluctuations and is considered to be riskier than DEEP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EPSV	DEEP	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.60%	4.88%	+0.72%
Volatility (6M) Calculated over the trailing 6-month period	13.18%	12.29%	+0.89%
Volatility (1Y) Calculated over the trailing 1-year period	18.09%	19.29%	-1.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.24%	21.63%	-3.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.24%	24.25%	-6.01%

EPSV vs. DEEP - Expense Ratio Comparison

EPSV has a 0.88% expense ratio, which is higher than DEEP's 0.80% expense ratio.

Dividends

EPSV vs. DEEP - Dividend Comparison

EPSV's dividend yield for the trailing twelve months is around 2.25%, more than DEEP's 1.45% 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%
EPSV Harbor SMID Cap Value ETF	2.25%	2.88%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EPSV and DEEP in my portfolio?

EPSV and DEEP have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EPSV or DEEP?

EPSV has higher volatility (5.60%) compared to DEEP (4.88%). In terms of maximum drawdown, EPSV dropped -8.93% vs DEEP's -52.52%.

Which ETF is better, EPSV or DEEP?

On 1-year performance, EPSV leads with 45.03% vs 31.10% for DEEP. On fees, DEEP is cheaper at 0.80% per year. On volatility, DEEP has been the lower-risk option at 4.88%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EPSV or DEEP?

Over the 1-year period, EPSV has performed better with a 45.03% return vs 31.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EPSV or DEEP?

DEEP is cheaper with a 0.80% expense ratio, compared with 0.88% for EPSV.

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

EPSV has the higher dividend yield at 2.25%, compared with 1.45% for DEEP.

What is the main difference between EPSV and DEEP?

They also come from different issuers: Harbor and Exchange Traded Concepts. Their fees differ too: 0.88% for EPSV and 0.80% for DEEP.

Which has better risk-adjusted returns?

EPSV currently has the higher Sharpe Ratio (2.50 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.