Tema S&P 500 Historical Weight ETF Strategy
$66.94−0.13 (−0.19%)
- 0.18%
- $1.0B
- +20.8%
- 0.92%
- 0M sh
- $67.14
- low $48.55high $68.42
The ETF.net DSPY Grade
B
Score 59 out of 100
- 17 of 29
Score 59 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.B57 out of 100Rank 13 of 29Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.A73 out of 100Rank 3 of 29Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D38 out of 100Rank 20 of 29Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A81 out of 100Rank 3 of 28Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C53 out of 100Rank 14 of 29
Our read on DSPY
BMost S&P 500 funds either ride today's market caps or flatten everyone to equal weight. DSPY splits the difference, holding the same roughly 500 names at their average weights since 1989, so the mega-caps shrink without disappearing.
The Fund seeks long-term growth through a historical-weight interpretation of the S&P 500 Index.
Why people hold it
- The mechanism is the whole pitch: each S&P 500 member is sized at its long-run average weight since 1989, trimming today's top-heavy tilt without going all the way to equal weight.wboc.com
- 0.18% a year, a fraction of the typical active US equity fund and level with the cheap end of active core large-cap (FELC 0.18%, versus DYNF at 0.26%).
- Full index breadth, about 500 stocks, with quarterly distributions. It re-slices the S&P 500 rather than trying to pick which names win.
- On cost and portfolio construction it stands out as one of the stronger builds in a crowded active US equity field.
Worth knowing
- Launched in 2025, so the live record is short next to decades-old core index funds, and there is limited history to judge the weighting rule through a full cycle.
- Volume is light next to the giant S&P 500 funds, so spreads and limit orders matter more than they would in a mega-cap tracker.
- By design it holds different weights than the cap-weighted S&P 500, so its results separate from the benchmark most people mean when they say 'the S&P 500'.stockanalysis.com
DSPY Holdings
- Stocks
- 504
- 22%
- NVDA
Sectors
- Technology32.7%
- Financials13.8%
- Health Care11.5%
- Industrials10.0%
- Consumer Discretionary8.3%
- Communication6.8%
- Consumer Staples5.7%
- Energy4.4%
- Utilities2.5%
- Real Estate2.3%
- Materials2.1%
Geography
- United States96.81%
- Ireland1.60%
- United Kingdom0.53%
- Switzerland0.44%
- Singapore0.34%
- Netherlands0.14%
- Bermuda0.11%
- Canada0.02%
DSPY Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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DSPY$12,081
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | DSPY |
|---|---|
| Year to date | +15.8% |
| 1 month | +1.3% |
| 3 months | +1.9% |
| 1 year | +20.8% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | DSPY |
|---|---|---|
| 2026 YTD | +15.8% | |
| 2025 | +18.5% |
DSPY in the news
Top Movers
Tanker ETF gains 8.4% as crude falls
DSPY Dividends
- 0.92%
- $0.62
- $0.19 per share
- Quarterly
Distribution history
DSPY Risk
- 10.6%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.75
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −12.2%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.82
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
DSPY Cost
0.18%
DSPY0.18%
- The middle half of US Large-Cap funds
- Median 0.20%
11 of the 28 US Large-Cap funds charge less.
Other funds in US Large-Cap
- BFEXFirst Trust Large Cap Core AlphaDEX FundExpense ratio 0.57%1 year return +20.7%
- BXMAGLarge Cap Ex-Mag 7 ETFExpense ratio 0.35%1 year return +19.2%
- CBLUCBluemonte Large Cap Core ETFExpense ratio 0.28%1 year return +19.1%
- CINFOHarbor PanAgora Dynamic Large Cap Core ETFExpense ratio 0.35%1 year return +23.3%
- CRWLCRayliant NxtGen Multifactor US Equity ETFExpense ratio 0.32%1 year return +21.0%