DSPY vs IVV
Tema S&P 500 Historical Weight ETF Strategy vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. DSPY delivered stronger 1-year returns.
Side-by-Side Comparison
| Metric | DSPY | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.03% | |
| AUM | $1.0B | $907.0B | |
| Dividend Yield | 0.75% | 1.10% | |
| Holdings | 508 | 508 | |
| YTD Return | +15.18% | +12.76% | |
| 1Y Return | +22.49% | +20.63% | |
| 3Y Return (annualized) | - | +21.71% | |
| 5Y Return (annualized) | - | +12.87% | |
| Volatility (annualized) | 10.6% | 15.1% | |
| Max Drawdown | -12.2% | -56.5% | |
| Fund Family | Tema Global Limited | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Apr 1, 2025 | May 15, 2000 |
DSPY vs IVV Performance
Tema S&P 500 Historical Weight ETF Strategy (DSPY) is a ETF from Tema Global Limited and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year DSPY returned +22.49% while IVV returned +20.63%. Year to date, DSPY is up 15.18% versus a gain of 12.76% for IVV.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 10.6% for DSPY. 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 -12.2% for DSPY and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.96. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
DSPY charges 0.18% per year while IVV charges 0.03%. On a $10,000 position that is $18 vs $3 annually, a gap of $15 per year that compounds over a long holding period. On income, DSPY currently yields 0.75% against 1.10% for IVV.
Holdings Overlap
DSPY and IVV share 496 holdings out of 515 unique holdings combined, representing a 80.3% weight overlap.
High overlap means holding both may not provide much additional diversification.
Frequently Asked Questions
Which is cheaper, DSPY or IVV?
DSPY has an expense ratio of 0.18% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $15 per year of difference.
Which performed better, DSPY or IVV?
Over the past year DSPY returned +22.49% vs +20.63% for IVV, so DSPY leads on 1-year performance. Over the longest common window we track (1 years), DSPY annualized +25.07% vs +6.99% for IVV. Past performance does not guarantee future results.
Which is riskier, DSPY or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 10.6% for DSPY. Worst drawdown: DSPY -12.2% vs IVV -56.5%.
Should I hold both DSPY and IVV?
DSPY and IVV have a monthly-return correlation of 0.96, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between DSPY and IVV?
DSPY and IVV share 496 common holdings with a 80.3% weight overlap. Combined, they hold 515 unique securities.
Which pays a higher dividend, DSPY or IVV?
DSPY yields 0.75% while IVV yields 1.10%, so IVV currently pays the higher dividend yield.
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