DSPY vs IVV
Tema S&P 500 Historical Weight ETF Strategy vs iShares Core S&P 500 ETF
Which is better, DSPY or IVV?
Nearly the same fund. IVV costs less.
IVV has a lower expense ratio. DSPY led over 1Y, IVV over the full window. The two have moved almost in lockstep, correlation 0.96. DSPY is less concentrated, with 21.4% of the fund in its ten largest positions against 37.8%.
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 | DSPY | IVV |
|---|---|---|
| Expense Ratio | 0.18% | 0.03%Best |
| AUM | $990M | $876.4B |
| Dividend Yield | 0.75% | 1.06% |
| Holdings | 508 | 508 |
| YTD Return | +13.56%Best | +12.39% |
| 1Y Return | +17.32%Best | +16.61% |
| 3Y Return (annualized) | - | +21.38% |
| 5Y Return (annualized) | - | +13.51% |
| Volatility (annualized) | 10.6%Best | 12.2% |
| Max Drawdown | -12.2% | -12.1%Best |
| $10,000 over 1.5 years | $13,580 | $13,920Best |
| Top 10 Weight | 21.4%Best | 37.8% |
| Fund Family | Tema Global Limited | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Apr 1, 2025 | May 15, 2000 |
Volatility and max drawdown, and the $10,000 over 1.5 years row, are measured over the window both funds cover: Apr 1, 2025 to Sep 18, 2026 (1.5 years).
DSPY vs IVV 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 1.5 years both funds cover.
DSPY vs IVV Performance
Tema S&P 500 Historical Weight ETF Strategy (DSPY) is an ETF from Tema Global Limited and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year DSPY returned +17.32% while IVV returned +16.61%. Year to date, DSPY is up 13.56% versus a gain of 12.39% for IVV.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 12.2% 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 -12.1% for IVV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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 1.06% for IVV.
Holdings Overlap
97.5% of DSPY's money is in holdings IVV also owns. 98.4% of IVV's money is in holdings DSPY also owns.
Most of IVV is already inside DSPY. Owning both mostly buys the same companies twice.
479 positions in common, counted across the 503 positions we hold weights for in DSPY and 490 in IVV, against full books of 508 and 508.
What only one of them owns
Our book lists 4 positions for IVV that do not appear in our book for DSPY (0.3% of the fund), and 20 for DSPY that do not appear in IVV (2.1%).
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.
Top Shared Holdings
| Stock | Weight in DSPY | Weight in IVV | Difference |
|---|---|---|---|
| NVDANvidia Corp | 4.24% | 8.07% | 3.83% |
| AAPLApple, Inc | 3.46% | 7.02% | 3.56% |
| MSFTMicrosoft Corp | 2.72% | 5.69% | 2.97% |
| AMZNAmazon.Com Inc | 2.14% | 3.84% | 1.70% |
| AVGOBroadcom Inc | 1.73% | 2.65% | 0.92% |
| GOOGLAlphabet Inc,class A | 1.23% | 3.00% | 1.77% |
| METAMeta Platforms Inc | 1.63% | 1.90% | 0.27% |
| GOOGAlphabet Inc | 0.98% | 2.39% | 1.41% |
| MUMicron Technology, Inc. | 1.39% | 1.63% | 0.24% |
| TSLATesla Inc | 1.36% | 1.56% | 0.20% |
98.4% of IVV is already inside DSPY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
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, by $15 a year on a $10,000 investment.
Which performed better, DSPY or IVV?
Over the past year DSPY returned +17.32% vs +16.61% for IVV, so DSPY leads on 1-year performance. Over the longest common window we track (2 years), DSPY annualized +22.63% vs +24.67% for IVV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DSPY or IVV?
IVV has been the more volatile fund at 12.2% annualized versus 10.6% for DSPY. Worst drawdown: DSPY -12.2% vs IVV -12.1%.
Should I hold both DSPY and IVV?
DSPY and IVV have a monthly-return correlation of 0.96, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between DSPY and IVV?
98.4% of IVV's money is in holdings DSPY also owns. 98.4% of IVV's is in holdings DSPY also owns. They hold 479 positions in common, counted across the 503 positions we hold weights for in DSPY and 490 in IVV.
Which pays a higher dividend, DSPY or IVV?
DSPY yields 0.75% while IVV yields 1.06%, so IVV currently pays the higher dividend yield.
Is IVV better than DSPY?
IVV has a lower expense ratio. DSPY led over 1Y, IVV over the full window. The two have moved almost in lockstep, correlation 0.96. DSPY is less concentrated, with 21.4% of the fund in its ten largest positions against 37.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.