DSPY vs. AVIE

Last updated Jul 14, 2026

DSPY (Tema S&P 500 Historical Weight ETF Strategy) and AVIE (Avantis Inflation Focused Equity ETF) are both Large Cap Blend Equities funds. Both are actively managed. Over the past year, DSPY returned 22.70% vs 25.91% for AVIE. At a 0.44 correlation, their price movements are largely independent. DSPY charges 0.18%/yr vs 0.25%/yr for AVIE.

Performance

DSPY vs. AVIE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tema S&P 500 Historical Weight ETF Strategy (DSPY) and Avantis Inflation Focused Equity ETF (AVIE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DSPY achieves a 12.99% return, which is significantly lower than AVIE's 16.94% return.

DSPY

• 1D: -0.64%
• 1M: 1.17%
• 6M: 10.40%
• YTD: 12.99%
• 1Y: 22.70%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AVIE

• 1D: 1.05%
• 1M: 1.67%
• 6M: 14.10%
• YTD: 16.94%
• 1Y: 25.91%
• 3Y*: 13.54%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

DSPY vs. AVIE - Yearly Performance Comparison

	2026 (YTD)	2025
DSPY Tema S&P 500 Historical Weight ETF Strategy	12.99%	18.94%
AVIE Avantis Inflation Focused Equity ETF	16.94%	3.48%

Correlation

The correlation between DSPY and AVIE is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (All Time) Calculated using the full available price history since Apr 1, 2025	0.44

The correlation between DSPY and AVIE shifts across timeframes, from 0.32 (1 year) to 0.44 (all time), reflecting how their relationship changes across market environments.

DSPY vs. AVIE - Sectors Allocation Comparison

Sectors	DSPY	AVIE
Technology	30.2%	0.1%
Financial Services	14.5%	15.0%
Healthcare	11.2%	26.3%
Industrials	10.1%	1.3%
Consumer Cyclical	8.9%	0.0%
Communication Services	6.7%	-
Consumer Defensive	5.9%	17.1%
Energy	3.9%	30.0%
Utilities	3.5%	0.0%
Real Estate	2.4%	0.1%
Basic Materials	2.4%	9.8%

Return for Risk

DSPY vs. AVIE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DSPY

DSPY Risk / Return Rank: 77
DSPY Sharpe Ratio Rank: 77
DSPY Sortino Ratio Rank: 76
DSPY Omega Ratio Rank: 73
DSPY Calmar Ratio Rank: 74
DSPY Martin Ratio Rank: 85

AVIE

AVIE Risk / Return Rank: 92
AVIE Sharpe Ratio Rank: 92
AVIE Sortino Ratio Rank: 93
AVIE Omega Ratio Rank: 90
AVIE Calmar Ratio Rank: 93
AVIE Martin Ratio Rank: 90

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DSPY vs. AVIE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tema S&P 500 Historical Weight ETF Strategy (DSPY) and Avantis Inflation Focused Equity ETF (AVIE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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	AVIE	Difference
Sharpe ratio: Return per unit of total volatility	1.94	2.55	-0.62
Sortino ratio: Return per unit of downside risk	2.69	3.70	-1.01
Omega ratio: Gain probability vs. loss probability	1.34	1.45	-0.11
Calmar ratio: Return relative to maximum drawdown	3.02	5.24	-2.22
Martin ratio: Return relative to average drawdown	13.48	16.43	-2.95

DSPY vs. AVIE - Sharpe Ratio Comparison

The current DSPY Sharpe Ratio is 1.94, which is comparable to the AVIE Sharpe Ratio of 2.55. The chart below compares the historical Sharpe Ratios of DSPY and AVIE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DSPY vs. AVIE - Drawdown Comparison

The maximum DSPY drawdown since its inception was -12.15%, roughly equal to the maximum AVIE drawdown of -12.39%. Use the drawdown chart below to compare losses from any high point for DSPY and AVIE.

Drawdown Indicators

	DSPY	AVIE	Difference
Max Drawdown Largest peak-to-trough decline	-12.15%	-12.39%	+0.24%
Max Drawdown (1Y) Largest decline over 1 year	-7.55%	-4.97%	-2.58%
Max Drawdown (3Y) Largest decline over 3 years	—	-12.39%	—
Current Drawdown Current decline from peak	-0.64%	-0.07%	-0.57%
Average Drawdown Average peak-to-trough decline	-1.22%	-2.97%	+1.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.69%	1.60%	+0.09%

Volatility

DSPY vs. AVIE - Volatility Comparison

Tema S&P 500 Historical Weight ETF Strategy (DSPY) and Avantis Inflation Focused Equity ETF (AVIE) have volatilities of 3.72% and 3.66%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DSPY	AVIE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.72%	3.66%	+0.06%
Volatility (6M) Calculated over the trailing 6-month period	9.35%	7.47%	+1.88%
Volatility (1Y) Calculated over the trailing 1-year period	11.78%	10.21%	+1.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.36%	12.90%	+3.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.36%	12.90%	+3.46%

DSPY vs. AVIE - Expense Ratio Comparison

DSPY has a 0.18% expense ratio, which is lower than AVIE's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

DSPY vs. AVIE - Dividend Comparison

DSPY's dividend yield for the trailing twelve months is around 0.75%, less than AVIE's 1.42% yield.

Position	TTM	2025	2024	2023	2022
AVIE Avantis Inflation Focused Equity ETF	1.42%	1.75%	1.89%	3.72%	0.39%
DSPY Tema S&P 500 Historical Weight ETF Strategy	0.75%	0.72%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DSPY and AVIE in my portfolio?

DSPY and AVIE have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DSPY or AVIE?

DSPY has higher volatility (3.72%) compared to AVIE (3.66%). In terms of maximum drawdown, DSPY dropped -12.15% vs AVIE's -12.39%.

Which ETF is better, DSPY or AVIE?

On 1-year performance, AVIE leads with 25.91% vs 22.70% for DSPY. On fees, DSPY is cheaper at 0.18% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DSPY or AVIE?

Over the 1-year period, AVIE has performed better with a 25.91% return vs 22.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DSPY or AVIE?

DSPY is cheaper with a 0.18% expense ratio, compared with 0.25% for AVIE.

Which ETF pays a higher dividend yield, DSPY or AVIE?

AVIE has the higher dividend yield at 1.42%, compared with 0.75% for DSPY.

What is the main difference between DSPY and AVIE?

They also come from different issuers: Tema and Avantis. Their fees differ too: 0.18% for DSPY and 0.25% for AVIE.

Which has better risk-adjusted returns?

AVIE currently has the higher Sharpe Ratio (2.55 vs 1.94), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.