Entering text into the input field will update the search result below

DEEP: A Lagging Small Cap Value Fund


  • DEEP implements a 4-step methodology to select discounted small caps.
  • More than 30% of asset value is in consumer discretionary.
  • Past performance is underwhelming relative to a small cap value benchmark.
  • Looking for a helping hand in the market? Members of Quantitative Risk & Value get exclusive ideas and guidance to navigate any climate. Learn More »

Small Cap write on sticky notes isolated on Office Desk. Stock market concept

syahrir maulana

DEEP strategy and portfolio

The Roundhill Acquirers Deep Value ETF (NYSEARCA:DEEP) was launched in September 2014 and has been tracking the Acquirers Deep Value Index since 2020. It holds 99 stocks, has a distribution Yield of 1.49%, and a

From January 2017 to December 2021, the Dashboard List has returned about 81% (all sectors together) vs. 66% for its benchmark Russell 1000 Value Index (past performance is not a guarantee of future returns). QRV Members get updates on it and other time-tested strategies, plus risk indicators. Get started with a two-week free trial now.

This article was written by

Fred Piard profile picture

Fred Piard, PhD. is a quantitative analyst and IT professional with over 30 years of experience working in technology. He is the author of three books and has been investing in data-driven systematic strategies since 2010.

Fred runs the investing group Quantitative Risk & Value where he shares a portfolio invested in quality dividend stocks, and companies at the forefront of tech innovation. Fred also supplies market risk indicators, a real estate strategy, a bond strategy, and an income strategy in closed-end funds. Learn more.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You

Comments (5)

For me this came across as not useful and more of a weak sales pitch than it did real analysis. Very surface level comps and data with the ultimate conclusion of not really taking a position (hold) and suggesting your own product instead. The performance dating back to 2014 as @Karan1 accurately pointed out is not useful and should be from October 2020. With that being the starting point any sort of comparison in my opinion becomes useless based on Tobias's books. What I understood when reading Acquirer's multiple and Deep Value is that Tobias's approach is meant to be for a long term time horizon. I may be wrong and misunderstood the time horizon piece, however if I understood it correctly this is like claiming to have won a football game as the whistle for the 1st quarter is blown. Would have liked to have seen a hypothesis of why you believe your Dashboard list is likely to outperform going forward vs just using this ETF as a yardstick for a sales pitch.
tobias, the DEEP manager, has been publishing on his methodology for a long time and even wrote a book. it is only 'complex' because the metric is not part of standard screeners on the web.
Why are you comparing performance since inception instead of since October 2020? The ETF was reconstituted to a new index and methodology so it's quite disingenuous to compare that to an entirely different strategy prior to the change
Fred Piard profile picture
@Karan1 @Nick4130 Thanks for your comment. The fund also has underperformed IJS since October 2020. Management fees are high, liquidity is low. Same conclusion.
Nick4130 profile picture
Thank you for this article on a fund that has been on my radar. I am under the impression that this fund began tracking a new index as of Oct 2020, and that it was mostly a large-cap fund prior to that (info from the fund site and etf-dot-com).
Disagree with this article? Submit your own. To report a factual error in this article, . Your feedback matters to us!

About DEEP

SymbolLast Price% Chg
Expense Ratio
Div Frequency
Div Rate (TTM)
Yield (TTM)
Assets (AUM)
Compare to Peers

More on DEEP

Related Stocks

SymbolLast Price% Chg
To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.