Tema S&P 500 Historical Weight ETF Strategy (DSPY) Performance
DSPY total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +13.9% since Dec 31, 2025
- 1 year
- +15.7% total return
- Since first price
- +35.0% since 2025
DSPY trailing returns vs SPY, QQQ, AGG
| Period | DSPY total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −0.6% | −0.8% | −1.0% | −5.0% | +0.9% |
| 3 months | +2.2% | +1.9% | +3.2% | +1.9% | −0.4% |
| 6 months | +8.2% | +7.6% | +7.8% | +8.4% | −1.5% |
| YTD | +13.9% | +13.2% | +12.3% | +15.1% | −1.0% |
| 1 year | +15.7% | +14.5% | +14.4% | +15.9% | −1.1% |
| Since inceptionApr 1, 2025 | +35.0% | +33.1% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: DSPY vs SPY
From Apr 1, 2025: DSPY grew to $13,497, SPY to $13,772.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
DSPY returns by calendar year
2026 is year to date.
DSPY annual returns table
| Year | DSPY | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +13.9% | −7.5% | +12.3% | +15.1% | −1.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
DSPY largest drawdowns
Now 3.3% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Apr 2, 2025 | −12.2% | Apr 8, 2025 | May 12, 2025 | 6 days | 40 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
DSPY risk statistics
| Statistic | Since 2025 |
|---|---|
| Annualized return | +24.3% |
| Volatility (annualized) | 10.6% |
| Sharpe ratio | 1.77 |
| Sortino ratio | 3.98 |
| Best month | +9.0% |
| Worst month | −4.9% |
| Best 12 months | +27.9% |
| Worst 12 months | +16.4% |
| Positive months | 82% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
DSPY rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 7 | +14.9% | +22.0% | +27.9% | 100% |
Every holding period starting at a month-end since 2025. Returns for 3 years and longer are annualized.
DSPY performance overview
Tema S&P 500 Historical Weight ETF Strategy (DSPY) returned +15.7% over the past year, with distributions reinvested. Since its first recorded price on Apr 1, 2025 it has returned +35.0%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −12.2%, from Apr 2, 2025 to Apr 8, 2025, and it took 34 days to get back to the old high. Volatility has been 10.6% a year.
Related: DSPY chart, DSPY holdings, DSPY dividends, DSPY valuation. See the DSPY overview for the latest quote and fund facts.
DSPY performance FAQ
What is the DSPY return over the past year?
DSPY returned +15.7% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 14.5%.
How much would $10,000 invested in DSPY be worth?
$10,000 invested in DSPY at its first recorded close on April 1, 2025 would be worth about $13,497 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of DSPY?
The largest peak-to-trough decline was −12.2% between April 2, 2025 and April 8, 2025. It recovered to the old high on May 12, 2025, 34 days after the bottom.
How volatile is DSPY?
Over the past history DSPY had an annualized volatility of 10.6% and a Sharpe ratio of 1.77 (excess return over 1–3 month T-bills per unit of risk).