XSVM vs. DEEP

Last updated Jun 24, 2026

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

Performance

XSVM vs. DEEP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P SmallCap Value with Momentum ETF (XSVM) 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, XSVM achieves a 20.98% return, which is significantly higher than DEEP's 17.68% return. Over the past 10 years, XSVM has outperformed DEEP with an annualized return of 13.32%, while DEEP has yielded a comparatively lower 8.73% annualized return.

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%

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)

XSVM vs. DEEP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
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%

Correlation

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

XSVM vs. DEEP - Sectors Allocation Comparison

Sectors	XSVM	DEEP
Financial Services	38.7%	9.2%
Consumer Cyclical	17.4%	26.6%
Technology	9.5%	8.5%
Energy	9.3%	5.2%
Consumer Defensive	6.9%	9.8%
Industrials	6.3%	25.3%
Real Estate	4.8%	3.1%
Communication Services	2.8%	3.9%
Basic Materials	2.0%	4.5%
Utilities	1.2%	-
Healthcare	1.1%	7.0%

Return for Risk

XSVM vs. DEEP — Risk / Return Rank

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

XSVM

XSVM Risk / Return Rank: 67
XSVM Sharpe Ratio Rank: 65
XSVM Sortino Ratio Rank: 67
XSVM Omega Ratio Rank: 62
XSVM Calmar Ratio Rank: 76
XSVM Martin Ratio Rank: 66

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.

XSVM vs. DEEP - Risk-Adjusted Trends Comparison

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

	XSVM	DEEP	Difference
Sharpe ratio: Return per unit of total volatility	2.03	1.62	+0.41
Sortino ratio: Return per unit of downside risk	2.93	2.37	+0.56
Omega ratio: Gain probability vs. loss probability	1.36	1.27	+0.09
Calmar ratio: Return relative to maximum drawdown	3.70	2.63	+1.07
Martin ratio: Return relative to average drawdown	11.45	7.56	+3.88

XSVM vs. DEEP - Sharpe Ratio Comparison

The current XSVM Sharpe Ratio is 2.03, which is comparable to the DEEP Sharpe Ratio of 1.62. The chart below compares the historical Sharpe Ratios of XSVM 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

XSVM vs. DEEP - Drawdown Comparison

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

Drawdown Indicators

	XSVM	DEEP	Difference
Max Drawdown Largest peak-to-trough decline	-62.57%	-52.52%	-10.05%
Max Drawdown (1Y) Largest decline over 1 year	-10.08%	-11.87%	+1.79%
Max Drawdown (3Y) Largest decline over 3 years	-26.21%	-28.40%	+2.19%
Max Drawdown (5Y) Largest decline over 5 years	-26.21%	-28.40%	+2.19%
Max Drawdown (10Y) Largest decline over 10 years	-49.02%	-52.52%	+3.50%
Current Drawdown Current decline from peak	-0.73%	-0.49%	-0.24%
Average Drawdown Average peak-to-trough decline	-11.54%	-10.36%	-1.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.25%	4.12%	-0.87%

Volatility

XSVM vs. DEEP - Volatility Comparison

The current volatility for Invesco S&P SmallCap Value with Momentum ETF (XSVM) is 4.63%, while Roundhill Acquirers Deep Value ETF (DEEP) has a volatility of 4.88%. This indicates that XSVM experiences smaller price fluctuations and is considered to be less risky than DEEP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XSVM	DEEP	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.63%	4.88%	-0.25%
Volatility (6M) Calculated over the trailing 6-month period	12.28%	12.29%	-0.01%
Volatility (1Y) Calculated over the trailing 1-year period	18.54%	19.29%	-0.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.55%	21.63%	+0.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.07%	24.25%	+0.82%

XSVM vs. DEEP - Expense Ratio Comparison

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

Dividends

XSVM vs. DEEP - Dividend Comparison

XSVM's dividend yield for the trailing twelve months is around 1.82%, 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%
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

Can I hold both XSVM and DEEP in my portfolio?

XSVM and DEEP 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.

Which is riskier, XSVM or DEEP?

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

Which ETF is better, XSVM or DEEP?

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.

Which ETF has performed better, XSVM or DEEP?

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.

Which ETF is cheaper, XSVM or DEEP?

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

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

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

What is the main difference between XSVM and DEEP?

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

Which has better risk-adjusted returns?

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.