ZIG vs. DEEP

Last updated Aug 2, 2026

ZIG (Acquirers Fund) and DEEP (Roundhill Acquirers Deep Value ETF) are both exchange-traded funds - ZIG is a Large Cap Blend Equities fund tracking the Acquirer's 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 5 years, ZIG returned 8.51%/yr vs 6.11%/yr for DEEP. Their correlation of 0.81 means they have usually moved in the same direction. ZIG charges 1.85%/yr vs 0.80%/yr for DEEP.

Performance

ZIG vs. DEEP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Acquirers Fund (ZIG) 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, ZIG achieves a 9.38% return, which is significantly lower than DEEP's 19.12% return.

ZIG

• 1D: -0.41%
• 1M: 1.77%
• 6M: 3.09%
• YTD: 9.38%
• 1Y: 11.44%
• 3Y*: 8.61%
• 5Y*: 8.51%
• 10Y*: —
• ALL TIME*: 7.70%

DEEP

• 1D: -0.37%
• 1M: -1.08%
• 6M: 11.91%
• YTD: 19.12%
• 1Y: 33.15%
• 3Y*: 7.89%
• 5Y*: 6.11%
• 10Y*: 8.12%
• ALL TIME*: 7.27%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DEEP Roundhill Acquirers Deep Value ETF	$74.38K	$59.26K	$48.50K
ZIG Acquirers Fund	$47.34K	$37.66K	$42.49K

ZIG vs. DEEP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
ZIG Acquirers Fund	9.38%	-2.67%	11.34%	36.70%	-17.34%	37.38%	-15.76%	10.14%
DEEP Roundhill Acquirers Deep Value ETF	19.12%	5.69%	-2.97%	22.37%	-17.71%	35.66%	-9.96%	9.39%

Correlation

The correlation between ZIG and DEEP is 0.74, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.74
Correlation (3Y) Balances recent behavior with more history.	0.81
Correlation (5Y) Shows whether the relationship held over a longer period.	0.83
Correlation (All Time) Calculated using the full available price history since May 15, 2019	0.81

The correlation between ZIG and DEEP has been stable across timeframes, ranging from 0.74 to 0.83 - a consistent structural relationship.

ZIG vs. DEEP - Sectors Allocation Comparison

Sectors	ZIG	DEEP
Consumer Cyclical	36.7%	25.3%
Energy	19.7%	7.2%
Consumer Defensive	13.1%	9.8%
Industrials	9.9%	22.9%
Financial Services	6.6%	9.6%
Basic Materials	6.5%	5.6%
Technology	3.9%	6.2%
Healthcare	3.6%	7.2%
Communication Services	-	6.3%
Real Estate	-	3.1%
Utilities	-	-

Return for Risk

ZIG vs. DEEP — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

ZIG

ZIG Risk / Return Rank: 28
ZIG Sharpe Ratio Rank: 27
ZIG Sortino Ratio Rank: 29
ZIG Omega Ratio Rank: 26
ZIG Calmar Ratio Rank: 27
ZIG Martin Ratio Rank: 29

DEEP

DEEP Risk / Return Rank: 70
DEEP Sharpe Ratio Rank: 73
DEEP Sortino Ratio Rank: 75
DEEP Omega Ratio Rank: 66
DEEP Calmar Ratio Rank: 74
DEEP Martin Ratio Rank: 64

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ZIG vs. DEEP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Acquirers Fund (ZIG) 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.

	ZIG	DEEP	Difference
Sharpe ratio: Return per unit of total volatility	0.64	1.66	-1.02
Sortino ratio: Return per unit of downside risk	1.11	2.42	-1.30
Omega ratio: Gain probability vs. loss probability	1.12	1.28	-0.15
Calmar ratio: Return relative to maximum drawdown	0.87	2.57	-1.71
Martin ratio: Return relative to average drawdown	2.58	7.75	-5.17

ZIG vs. DEEP - Sharpe Ratio Comparison

The current ZIG Sharpe Ratio is 0.64, which is lower than the DEEP Sharpe Ratio of 1.66. The chart below compares the historical Sharpe Ratios of ZIG 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

ZIG vs. DEEP - Drawdown Comparison

The maximum ZIG drawdown since its inception was -37.14%, smaller than the maximum DEEP drawdown of -52.52%. Use the drawdown chart below to compare losses from any high point for ZIG and DEEP.

Drawdown Indicators

	ZIG	DEEP	Difference
Max Drawdown Largest peak-to-trough decline	-37.14%	-52.52%	+15.38%
Max Drawdown (1Y) Largest decline over 1 year	-12.38%	-11.87%	-0.51%
Max Drawdown (3Y) Largest decline over 3 years	-29.75%	-28.40%	-1.35%
Max Drawdown (5Y) Largest decline over 5 years	-29.75%	-28.40%	-1.35%
Max Drawdown (10Y) Largest decline over 10 years	—	-52.52%	—
Current Drawdown Current decline from peak	-5.02%	-2.71%	-2.31%
Average Drawdown Average peak-to-trough decline	-9.65%	-10.27%	+0.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.14%	3.94%	+0.20%

Volatility

ZIG vs. DEEP - Volatility Comparison

The current volatility for Acquirers Fund (ZIG) is 3.47%, while Roundhill Acquirers Deep Value ETF (DEEP) has a volatility of 4.45%. This indicates that ZIG 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

	ZIG	DEEP	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.47%	4.45%	-0.98%
Volatility (6M) Calculated over the trailing 6-month period	8.94%	12.35%	-3.41%
Volatility (1Y) Calculated over the trailing 1-year period	16.73%	18.45%	-1.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.48%	21.53%	-1.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.97%	24.20%	-2.23%

ZIG vs. DEEP - Expense Ratio Comparison

ZIG has a 1.85% expense ratio, which is higher than DEEP's 0.80% expense ratio.

Dividends

ZIG vs. DEEP - Dividend Comparison

ZIG's dividend yield for the trailing twelve months is around 1.74%, less than DEEP's 1.92% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DEEP Roundhill Acquirers Deep Value ETF	1.92%	1.78%	1.96%	1.67%	1.28%	1.43%	4.03%	3.49%	1.51%	2.01%	3.14%	3.98%
ZIG Acquirers Fund	1.74%	1.91%	1.96%	1.07%	1.26%	0.18%	0.18%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ZIG and DEEP in my portfolio?

ZIG and DEEP have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ZIG or DEEP?

DEEP has higher volatility (4.45%) compared to ZIG (3.47%). In terms of maximum drawdown, ZIG dropped -37.14% vs DEEP's -52.52%.

Which ETF is better, ZIG or DEEP?

On 5-year performance, ZIG leads with 8.51% vs 6.11% for DEEP. On fees, DEEP is cheaper at 0.80% per year. On volatility, ZIG has been the lower-risk option at 3.47%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ZIG or DEEP?

Over the 5-year period, ZIG has performed better with a 8.51% return vs 6.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ZIG or DEEP?

DEEP is cheaper with a 0.80% expense ratio, compared with 1.85% for ZIG.

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

DEEP has the higher dividend yield at 1.92%, compared with 1.74% for ZIG.

What is the main difference between ZIG and DEEP?

ZIG is categorized as Large Cap Blend Equities, while DEEP is Small Cap Value Equities. ZIG tracks Acquirer's Index, while DEEP tracks DEEP-US - Acquirers Deep Value Index. They also come from different issuers: Acquirers and Exchange Traded Concepts. Their fees differ too: 1.85% for ZIG and 0.80% for DEEP.

Which has better risk-adjusted returns?

DEEP currently has the higher Sharpe Ratio (1.66 vs 0.64), 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.