DSPY vs. ITOL

Last updated Jun 24, 2026

DSPY (Tema S&P 500 Historical Weight ETF Strategy) and ITOL (Tema International Durable Quality ETF) are both exchange-traded funds - DSPY is a Large Cap Blend Equities fund actively managed by Tema, while ITOL is a Foreign Large Cap Equities fund actively managed by Tema. Both are actively managed. A 0.76 correlation means they provide meaningful diversification when combined. DSPY charges 0.18%/yr vs 0.60%/yr for ITOL.

Performance

DSPY vs. ITOL - 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 Tema International Durable Quality ETF (ITOL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DSPY achieves a 11.15% return, which is significantly higher than ITOL's 0.58% return.

DSPY

• 1D: -1.24%
• 1M: 0.69%
• YTD: 11.15%
• 6M: 10.30%
• 1Y: 24.61%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ITOL

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.58%
• 6M: 0.65%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DSPY vs. ITOL - Yearly Performance Comparison

	2026 (YTD)	2025
DSPY Tema S&P 500 Historical Weight ETF Strategy	11.15%	4.49%
ITOL Tema International Durable Quality ETF	0.58%	3.85%

Correlation

The correlation between DSPY and ITOL is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 11, 2025	0.76

Return for Risk

DSPY vs. ITOL — Risk / Return Rank

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

DSPY

DSPY Risk / Return Rank: 73
DSPY Sharpe Ratio Rank: 72
DSPY Sortino Ratio Rank: 71
DSPY Omega Ratio Rank: 69
DSPY Calmar Ratio Rank: 71
DSPY Martin Ratio Rank: 81

ITOL

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. ITOL - 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 Tema International Durable Quality ETF (ITOL). 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	ITOL	Difference
Sharpe ratio: Return per unit of total volatility	2.11	—	—
Sortino ratio: Return per unit of downside risk	2.89	—	—
Omega ratio: Gain probability vs. loss probability	1.37	—	—
Calmar ratio: Return relative to maximum drawdown	3.28	—	—
Martin ratio: Return relative to average drawdown	14.69	—	—

Drawdowns

DSPY vs. ITOL - Drawdown Comparison

The maximum DSPY drawdown since its inception was -12.15%, smaller than the maximum ITOL drawdown of -15.54%. Use the drawdown chart below to compare losses from any high point for DSPY and ITOL.

Drawdown Indicators

	DSPY	ITOL	Difference
Max Drawdown Largest peak-to-trough decline	-12.15%	-15.54%	+3.39%
Max Drawdown (1Y) Largest decline over 1 year	-7.55%	—	—
Current Drawdown Current decline from peak	-1.71%	-5.46%	+3.75%
Average Drawdown Average peak-to-trough decline	-1.25%	-3.70%	+2.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.68%	—	—

Volatility

Volatility by Period

	DSPY	ITOL	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.52%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.32%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.77%	17.25%	-5.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.60%	17.25%	-0.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.60%	17.25%	-0.65%

DSPY vs. ITOL - Expense Ratio Comparison

DSPY has a 0.18% expense ratio, which is lower than ITOL's 0.60% expense ratio.

Dividends

DSPY vs. ITOL - Dividend Comparison

DSPY's dividend yield for the trailing twelve months is around 0.75%, more than ITOL's 0.13% yield.

Position	TTM	2025
DSPY Tema S&P 500 Historical Weight ETF Strategy	0.75%	0.72%
ITOL Tema International Durable Quality ETF	0.13%	0.13%

Frequently Asked Questions

Can I hold both DSPY and ITOL in my portfolio?

DSPY and ITOL have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DSPY or ITOL?

On fees, DSPY is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DSPY or ITOL?

DSPY is cheaper with a 0.18% expense ratio, compared with 0.60% for ITOL.

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

DSPY has the higher dividend yield at 0.75%, compared with 0.13% for ITOL.

What is the main difference between DSPY and ITOL?

DSPY is categorized as Large Cap Blend Equities, while ITOL is Foreign Large Cap Equities. Their fees differ too: 0.18% for DSPY and 0.60% for ITOL.