DSPY vs VOO
Tema S&P 500 Historical Weight ETF Strategy vs Vanguard S&P 500 ETF
Which is better, DSPY or VOO?
Nearly the same fund. VOO costs less.
VOO has a lower expense ratio. DSPY led over 1Y, VOO 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 37.6%.
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 | VOO |
|---|---|---|
| Expense Ratio | 0.18% | 0.03%Best |
| AUM | $990M | $997.4B |
| Dividend Yield | 0.75% | 1.04% |
| Holdings | 508 | 509 |
| YTD Return | +13.60%Best | +11.98% |
| 1Y Return | +17.91%Best | +16.45% |
| 3Y Return (annualized) | - | +21.19% |
| 5Y Return (annualized) | - | +12.95% |
| Volatility (annualized) | 10.6%Best | 12.3% |
| Max Drawdown | -12.2% | -12.0%Best |
| $10,000 over 1.5 years | $13,615 | $13,900Best |
| Top 10 Weight | 21.4%Best | 37.6% |
| Fund Family | Tema Global Limited | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Apr 1, 2025 | Sep 7, 2010 |
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 14, 2026 (1.5 years).
DSPY 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 1.5 years both funds cover.
DSPY vs VOO Performance
Tema S&P 500 Historical Weight ETF Strategy (DSPY) is an ETF from Tema Global Limited and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year DSPY returned +17.91% while VOO returned +16.45%. Year to date, DSPY is up 13.60% versus a gain of 11.98% for VOO.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 12.3% 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 -12.0% 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 0.96. 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 VOO 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 1.04% for VOO.
Holdings Overlap
98.5% of DSPY's money is in holdings VOO also owns. 99.1% of VOO's money is in holdings DSPY also owns.
Most of VOO is already inside DSPY. Owning both mostly buys the same companies twice.
487 positions in common, counted across the 503 positions we hold weights for in DSPY and 494 in VOO, against full books of 508 and 509.
What only one of them owns
Our book lists 4 positions for VOO that do not appear in our book for DSPY (0.2% of the fund), and 15 for DSPY that do not appear in VOO (1.3%).
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 VOO | Difference |
|---|---|---|---|
| NVDANvidia Corp | 4.24% | 7.55% | 3.31% |
| AAPLApple, Inc | 3.46% | 7.05% | 3.59% |
| MSFTMicrosoft Corp | 2.72% | 5.36% | 2.64% |
| AMZNAmazon.Com Inc | 2.14% | 4.13% | 1.99% |
| AVGOBroadcom Inc | 1.73% | 2.86% | 1.13% |
| GOOGLAlphabet Inc,class A | 1.23% | 3.24% | 2.01% |
| GOOGAlphabet Inc | 0.98% | 2.62% | 1.64% |
| METAMeta Platforms Inc | 1.63% | 1.90% | 0.27% |
| MUMicron Technology, Inc. | 1.39% | 1.44% | 0.05% |
| BRK.BBerkshire Hathaway Inc Brk/B Us Equity | 1.37% | 1.46% | 0.09% |
99.1% of VOO 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 VOO?
DSPY has an expense ratio of 0.18% while VOO charges 0.03%. VOO is the cheaper option, by $15 a year on a $10,000 investment.
Which performed better, DSPY or VOO?
Over the past year DSPY returned +17.91% vs +16.45% for VOO, so DSPY leads on 1-year performance. Over the longest common window we track (2 years), DSPY annualized +22.84% vs +24.55% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DSPY or VOO?
VOO has been the more volatile fund at 12.3% annualized versus 10.6% for DSPY. Worst drawdown: DSPY -12.2% vs VOO -12.0%.
Should I hold both DSPY and VOO?
DSPY and VOO 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 VOO?
99.1% of VOO's money is in holdings DSPY also owns. 99.1% of VOO's is in holdings DSPY also owns. They hold 487 positions in common, counted across the 503 positions we hold weights for in DSPY and 494 in VOO.
Which pays a higher dividend, DSPY or VOO?
DSPY yields 0.75% while VOO yields 1.04%, so VOO currently pays the higher dividend yield.
Is VOO better than DSPY?
VOO has a lower expense ratio. DSPY led over 1Y, VOO 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 37.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.