DSPY vs VYM
Tema S&P 500 Historical Weight ETF Strategy vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 616 holdings.
Side-by-Side Comparison
| Metric | DSPY | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.04% | |
| AUM | $1.0B | $81.6B | |
| Dividend Yield | 0.75% | 2.24% | |
| Holdings | 508 | 616 | |
| YTD Return | +14.89% | +15.42% | |
| 1Y Return | +22.17% | +22.36% | |
| 3Y Return (annualized) | - | +19.06% | |
| 5Y Return (annualized) | - | +12.20% | |
| Volatility (annualized) | 10.6% | 14.6% | |
| Max Drawdown | -12.2% | -58.8% | |
| Fund Family | Tema Global Limited | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Apr 1, 2025 | Nov 10, 2006 |
DSPY vs VYM Performance
Tema S&P 500 Historical Weight ETF Strategy (DSPY) is a ETF from Tema Global Limited and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year DSPY returned +22.17% while VYM returned +22.36%. Year to date, DSPY is up 14.89% versus a gain of 15.42% for VYM.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% 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 -58.8% for VYM. 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 0.72. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
DSPY charges 0.18% per year while VYM charges 0.04%. On a $10,000 position that is $18 vs $4 annually, a gap of $14 per year that compounds over a long holding period. On income, DSPY currently yields 0.75% against 2.24% for VYM.
Holdings Overlap
DSPY and VYM share 245 holdings out of 864 unique holdings combined, representing a 42.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, DSPY or VYM?
DSPY has an expense ratio of 0.18% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $14 per year of difference.
Which performed better, DSPY or VYM?
Over the past year DSPY returned +22.17% vs +22.36% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (1 years), DSPY annualized +24.89% vs +7.04% for VYM. Past performance does not guarantee future results.
Which is riskier, DSPY or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 10.6% for DSPY. Worst drawdown: DSPY -12.2% vs VYM -58.8%.
Should I hold both DSPY and VYM?
DSPY and VYM have a monthly-return correlation of 0.72, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DSPY and VYM?
DSPY and VYM share 245 common holdings with a 42.1% weight overlap. Combined, they hold 864 unique securities.
Which pays a higher dividend, DSPY or VYM?
DSPY yields 0.75% while VYM yields 2.24%, so VYM currently pays the higher dividend yield.
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