If you're interested in broad exposure to the Large Cap Value segment of the US equity market, look no further than the Deep Value ETF (DVP), a passively managed exchange traded fund launched on 09/22/2014.The fund is sponsored by Deep Value Etf. It has amassed assets over $312.96 M, making it one of the average sized ETFs attempting to match the Large Cap Value segment of the US equity market.Why Large Cap ValueLarge cap companies typically have a market capitalization above $10 billion. Considered a more stable option, large cap companies boast more predictable cash flows and are less volatile than their mid and small cap counterparts.Value stocks have lower than average price-to-earnings and price-to-book ratios. They also have lower than average sales and earnings growth rates. Looking at their long-term performance, value stocks have outperformed growth stocks in almost all markets. They are however likely to underperform growth stocks in strong bull markets.CostsCost is an important factor in selecting the right ETF, and cheaper funds can significantly outperform their more expensive counterparts if all other fundamentals are the same.Annual operating expenses for this ETF are 0.59%, making it one of the more expensive products in the space.It has a 12-month trailing dividend yield of 3.48%.Sector Exposure and Top HoldingsIt is important to delve into an ETF's holdings before investing despite the many upsides to these kinds of funds like diversified exposure, which minimizes single stock risk. And, most ETFs are very transparent products that disclose their holdings on a daily basis.This ETF has heaviest allocation to the Consumer Discretionary sector--about 23.70% of the portfolio. Materials and Healthcare round out the top three.Looking at individual holdings, Cardinal Health Inc (CAH) accounts for about 8.08% of total assets, followed by Dxc Technology Co (DXC) and Macys Inc (M).The top 10 holdings account for about 61.03% of total assets under management.Performance and RiskDVP seeks to match the performance of the TWM Deep Value Index before fees and expenses. TWM Deep Value Index is constructed using an objective, rules-based methodology that begins with an initial universe that mirrors the companies listed on the S&P 500 Index.The ETF has gained about 0.36% so far this year and it's up approximately 9.88% in the last one year (as of 01/20/2020). In the past 52-week period, it has traded between $27.93 and $34.02.The ETF has a beta of 1.19 and standard deviation of 17.84% for the trailing three-year period, making it a high risk choice in the space. With about 21 holdings, it has more concentrated exposure than peers.AlternativesDeep Value ETF carries a Zacks ETF Rank of 3 (Hold), which is based on expected asset class return, expense ratio, and momentum, among other factors. Thus, DVP is a reasonable option for those seeking exposure to the Style Box - Large Cap Value area of the market. Investors might also want to consider some other ETF options in the space.The iShares Russell 1000 Value ETF (IWD) and the Vanguard Value ETF (VTV) track a similar index. While iShares Russell 1000 Value ETF has $42.44 B in assets, Vanguard Value ETF has $56.53 B. IWD has an expense ratio of 0.19% and VTV charges 0.04%.Bottom-LineWhile an excellent vehicle for long term investors, passively managed ETFs are a popular choice among institutional and retail investors due to their low costs, transparency, flexibility, and tax efficiency.To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Deep Value ETF (DVP): ETF Research Reports Vanguard Value ETF (VTV): ETF Research Reports iShares Russell 1000 Value ETF (IWD): ETF Research Reports Macy's, Inc. (M): Free Stock Analysis Report Cardinal Health, Inc. (CAH): Free Stock Analysis Report DXC Technology Company. (DXC): Free Stock Analysis Report To read this article on Zacks.com click here.