- Issuer
- Tema
- Inception Date
- Mar 31, 2025
- Region
- North America (U.S.)
- Category
- Large Cap Blend Equities, S&P 500
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $981M
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
DSPY Performance Chart
Tema S&P 500 Historical Weight ETF Strategy (DSPY) is up 12.5% since the beginning of the year. DSPY is currently trading at $66 per share.
Loading charts...
Returns By Period
Tema S&P 500 Historical Weight ETF Strategy (DSPY) has returned 12.49% so far this year and 27.31% over the past 12 months.
Tema S&P 500 Historical Weight ETF Strategy
- 1D
- 0.97%
- 1M
- 1.90%
- YTD
- 12.49%
- 6M
- 12.63%
- 1Y
- 27.31%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.00%
- 1M
- -0.71%
- YTD
- 8.39%
- 6M
- 8.57%
- 1Y
- 24.33%
- 3Y*
- 18.94%
- 5Y*
- 12.24%
- 10Y*
- 13.54%
DSPY Monthly Returns History
Based on dividend-adjusted daily data since Apr 1, 2025, DSPY's average daily return is +0.10%, while the average monthly return is +2.01%. At this rate, an investment would double in approximately 2.9 years.
Historically, 87% of months were positive and 13% were negative. The best month was Apr 2026 with a return of +9.0%, while the worst month was Mar 2026 at -4.9%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 1 months.
On a daily basis, DSPY closed higher 58% of trading days. The best single day was Apr 9, 2025 with a return of +8.8%, while the worst single day was Apr 4, 2025 at -6.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.10% | 0.91% | -4.91% | 9.00% | 4.90% | 0.42% | 12.49% | ||||||
| 2025 | -0.70% | 5.13% | 4.31% | 1.02% | 2.10% | 3.45% | 1.49% | 0.45% | 0.42% | 18.94% |
Benchmark Metrics
Tema S&P 500 Historical Weight ETF Strategy has an annualized alpha of 2.57%, beta of 0.93, and R2 of 0.97 versus S&P 500 Index. Calculated based on daily prices since April 01, 2025.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (87.32%) than losses (46.77%) - typical of diversified or defensive assets.
- This ETF generated an annualized alpha of 2.57% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 0.93 and R2 of 0.97, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 2.57%
- Beta
- 0.93
- R²
- 0.97
- Upside Capture
- 87.32%
- Downside Capture
- 46.77%
Expense Ratio
DSPY has an expense ratio of 0.18%, which is considered low.
Return for Risk
Risk / Return Rank
DSPY ranks 76 for risk / return — better than 76% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Tema S&P 500 Historical Weight ETF Strategy (DSPY) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DSPY | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.40 | ||
| Sortino ratioReturn per unit of downside risk | +0.56 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.35 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.63 | 2.66 | +0.97 |
| Martin ratioReturn relative to average drawdown | 16.30 | 11.86 | +4.43 |
Dividends
Dividend History
Tema S&P 500 Historical Weight ETF Strategy provided a 0.74% dividend yield over the last twelve months, with an annual payout of $0.48 per share.
| Period | TTM | 2025 |
|---|---|---|
| Dividend | $0.48 | $0.42 |
Dividend yield | 0.74% | 0.72% |
Monthly Dividends
The table displays the monthly dividend distributions for Tema S&P 500 Historical Weight ETF Strategy. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.00 | $0.07 | ||||||
| 2025 | $0.16 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.19 | $0.42 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the Tema S&P 500 Historical Weight ETF Strategy. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Tema S&P 500 Historical Weight ETF Strategy was 12.15%, occurring on Apr 8, 2025. Recovery took 23 trading sessions.
The current Tema S&P 500 Historical Weight ETF Strategy drawdown is 0.53%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -12.15%Apr 2025 | 5d | 1mo 4d | 1mo 9dApr 2025 - May 2025 |
2026 pullback2026 | -7.55%Mar 2026 | 1mo 2d | 15d | 1mo 17dFeb 2026 - Apr 2026 |
2025 pullback2025 | -4.84%Nov 2025 | 23d | 20d | 1mo 13dOct 2025 - Dec 2025 |
2026 pullback2026 | -3.43%Jun 2026 | 7d | 5d | 12dJun 2026 - Jun 2026 |
2025 pullback2025 | -2.76%Oct 2025 | 1d | 14d | 15dOct 2025 - Oct 2025 |
Drawdown Indicators
| DSPY | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.15% | -56.78% | +44.63% |
Max Drawdown (1Y)Largest decline over 1 year | -7.55% | -9.10% | +1.55% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.53% | -2.49% | +1.96% |
Average DrawdownAverage peak-to-trough decline | -1.25% | -10.72% | +9.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.68% | 2.03% | -0.35% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with DSPY
Add Tema S&P 500 Historical Weight ETF Strategy to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with DSPY