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ETFs

Roundhill Acquirers Deep Value ETF

DEEP
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 22 2014
Expense Ratio
0.80%
Type
US Equities
Fund Owner
Roundhill Financial
Volume (1m avg. daily)
$230,010
AUM
$37,494,715
Associated Index
Acquirers Deep Value Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

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AGX
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Invest with DEEP

What is DEEP?

The Roundhill Acquirers Deep Value ETF ( DEEP ETF ) is designed to offer retail and institutional investors exposure to deeply valued stock, seeking to provide investment results that closely correspond, before fees and expenses, to the performance of the Acquirers Deep Value Index ( DEEP Index ). The Acquirers Deep Value Index seeks to find deeply undervalued small-and-micro cap stocks using the Acquirers Multiple, the measure used by activists and buyout firms to identify targets. Index Changed its strategy on 10/26/2020. Its focus shifted from large cap to small and micro cap.

ETFs related toDEEP

ETFs correlated to DEEP include EES, RWJ, SLYV

DEEP
ETF Series Solutions Trust - Roundhill Acquirers Deep Value ETF
EES
WisdomTree Trust - WisdomTree U.S. SmallCap Fund
RWJ
Invesco Exchange-Traded Fund Trust II - Invesco S&P SmallCap 600 Revenue ETF
SLYV
SPDR Series Trust - SPDR S&P 600 Small Cap Value ETF
IJS
BlackRock Institutional Trust Company N.A. - iShares S&P Small-Cap 600 Value ETF
VIOV
Vanguard Group, Inc. - Vanguard S&P Small-Cap 600 Value ETF
AVSC
American Century ETF Trust - Avantis U.S Small Cap Equity ETF
IJR
BlackRock Institutional Trust Company N.A. - iShares Core S&P Small-Cap ETF
DGRS
WisdomTree Trust - WisdomTree U.S. SmallCap Quality Dividend Growth Fund
SPSM
SPDR Series Trust - SPDR Portfolio S&P 600 Small Cap ETF
VIOO
Vanguard Group, Inc. - Vanguard S&P Small-Cap 600 ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toDEEP

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with DEEP using Composer

FAQ

DEEP is a US Equities ETF. The Roundhill Acquirers Deep Value ETF ( DEEP ETF ) is designed to offer retail and institutional investors exposure to deeply valued stock, seeking to provide investment results that closely correspond, before fees and expenses, to the performance of the Acquirers Deep Value Index ( DEEP Index ). The Acquirers Deep Value Index seeks to find deeply undervalued small-and-micro cap stocks using the Acquirers Multiple, the measure used by activists and buyout firms to identify targets. Index Changed its strategy on 10/26/2020. Its focus shifted from large cap to small and micro cap.

DEEP tracks the Acquirers Deep Value Index.

No, DEEP is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, DEEP is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on DEEP is -0.0156%. This is the percent change in the value of DEEP over the most recent 1-month period. The 3-month return on DEEP is 0.0236%. This is the percent change in the value of DEEP over the most recent 3-month period.

The standard deviation of DEEP for the past year is 0.2299%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to DEEP include IWO, VTV, and VUG.

ETFs correlated to DEEP include EES, RWJ, and SLYV.

ETFs that are inversely correlated to DEEP include TZA, RWM, and SRTY.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.