DEEP vs VOO
Acquirers Small and Micro Deep Value ETF vs Vanguard S&P 500 ETF
Which is better, DEEP or VOO?
Small Cap Value against Large Cap Blend.
VOO has a lower expense ratio. DEEP led over 1Y, VOO over 3Y, 5Y and the full window. DEEP is less concentrated, with 13.0% of the fund in its ten largest positions against 36.4%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | DEEP | VOO |
|---|---|---|
| Expense Ratio | 0.80% | 0.03%Best |
| AUM | $28M | $997.4B |
| Dividend Yield | 1.91% | 1.08% |
| Holdings | 101 | 509 |
| YTD Return | +24.22%Best | +13.37% |
| 1Y Return | +24.49%Best | +20.08% |
| 3Y Return (annualized) | +11.31% | +21.29%Best |
| 5Y Return (annualized) | +6.21% | +12.89%Best |
| Volatility (annualized) | 21.9% | 14.9%Best |
| Max Drawdown | -56.4% | -34.3%Best |
| $10,000 over 5 years | $13,515 | $18,335Best |
| Top 10 Weight | 13.0%Best | 36.4% |
| Fund Family | Acquirers Funds, LLC | Vanguard (US) |
| Category | Equity | Equity |
| Style | Small Cap Value | Large Cap Blend |
| Inception | Sep 23, 2014 | Sep 7, 2010 |
Volatility and max drawdown are measured over the window both funds cover: Sep 23, 2014 to Sep 4, 2026 (11.9 years).
DEEP vs VOO growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 11.9 years both funds cover.
DEEP vs VOO Performance
Acquirers Small and Micro Deep Value ETF (DEEP) is an ETF from Acquirers Funds, LLC and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year DEEP returned +24.49% while VOO returned +20.08%. Year to date, DEEP is up 24.22% versus a gain of 13.37% for VOO.
Over three years, DEEP compounded at +11.31% per year against +21.29% for VOO; over five years the annualized figures are +6.21% and +12.89% respectively. Across the full 12-year window we track, VOO has the edge at +12.80% annualized vs +5.72%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DEEP has been the more volatile fund, with annualized monthly volatility of 21.9% compared with 14.9% for VOO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -56.4% for DEEP and -34.3% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.78. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
DEEP charges 0.80% per year while VOO charges 0.03%. On a $10,000 position that is $80 vs $3 annually, a gap of $77 per year that compounds over a long holding period. On income, DEEP currently yields 1.91% against 1.08% for VOO.
Holdings Overlap
We hold position weights for 101 holdings in DEEP and 504 in VOO, totalling 99.9% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 48 days apart, DEEP as of Aug 17, 2026 and VOO as of Jun 30, 2026, so some of the difference between them is the time between the two reports rather than the funds.
0 positions in common, counted across the 101 positions we hold weights for in DEEP and 504 in VOO, against full books of 101 and 509.
What only one of them owns
Our book lists 494 positions for VOO that do not appear in our book for DEEP (99.3% of the fund), and 90 for DEEP that do not appear in VOO (90.1%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of DEEP and VOO you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, DEEP or VOO?
DEEP has an expense ratio of 0.80% while VOO charges 0.03%. VOO is the cheaper option, by $77 a year on a $10,000 investment.
Which performed better, DEEP or VOO?
Over the past year DEEP returned +24.49% vs +20.08% for VOO, so DEEP leads on 1-year performance. Over the longest common window we track (12 years), DEEP annualized +5.72% vs +12.80% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DEEP or VOO?
DEEP has been the more volatile fund at 21.9% annualized versus 14.9% for VOO. Worst drawdown: DEEP -56.4% vs VOO -34.3%.
Should I hold both DEEP and VOO?
DEEP and VOO have a monthly-return correlation of 0.78, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, DEEP or VOO?
DEEP yields 1.91% while VOO yields 1.08%, so DEEP currently pays the higher dividend yield.
Is VOO better than DEEP?
VOO has a lower expense ratio. DEEP led over 1Y, VOO over 3Y, 5Y and the full window. DEEP is less concentrated, with 13.0% of the fund in its ten largest positions against 36.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.