DSPY vs QQQ
Tema S&P 500 Historical Weight ETF Strategy vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ delivered stronger 1-year returns. DSPY offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | DSPY | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.18% | |
| AUM | $1.0B | $496.3B | |
| Dividend Yield | 0.75% | 0.44% | |
| Holdings | 508 | 108 | |
| YTD Return | +15.17% | +16.64% | |
| 1Y Return | +23.65% | +27.27% | |
| 3Y Return (annualized) | - | +25.96% | |
| 5Y Return (annualized) | - | +14.54% | |
| Volatility (annualized) | 10.6% | 30.6% | |
| Max Drawdown | -12.2% | -83.0% | |
| Fund Family | Tema Global Limited | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Apr 1, 2025 | Mar 10, 1999 |
DSPY vs QQQ Performance
Tema S&P 500 Historical Weight ETF Strategy (DSPY) is a ETF from Tema Global Limited and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year DSPY returned +23.65% while QQQ returned +27.27%. Year to date, DSPY is up 15.17% versus a gain of 16.64% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% 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 -83.0% for QQQ. 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 0.92. 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 QQQ charges 0.18%. On a $10,000 position that is $18 vs $18 annually. On income, DSPY currently yields 0.75% against 0.44% for QQQ.
Holdings Overlap
DSPY and QQQ share 87 holdings out of 521 unique holdings combined, representing a 39.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, DSPY or QQQ?
DSPY has an expense ratio of 0.18% while QQQ charges 0.18%. They cost the same. On a $10,000 investment, that is $0 per year of difference.
Which performed better, DSPY or QQQ?
Over the past year DSPY returned +23.65% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (1 years), DSPY annualized +25.28% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, DSPY or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 10.6% for DSPY. Worst drawdown: DSPY -12.2% vs QQQ -83.0%.
Should I hold both DSPY and QQQ?
DSPY and QQQ have a monthly-return correlation of 0.92, 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 QQQ?
DSPY and QQQ share 87 common holdings with a 39.9% weight overlap. Combined, they hold 521 unique securities.
Which pays a higher dividend, DSPY or QQQ?
DSPY yields 0.75% while QQQ yields 0.44%, so DSPY currently pays the higher dividend yield.
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