DSPY vs. NASA

Last updated Aug 2, 2026

DSPY (Tema S&P 500 Historical Weight ETF Strategy) and NASA (Tema Space Innovators ETF) are both exchange-traded funds - DSPY is a Large Cap Blend Equities fund actively managed by Tema, while NASA is a Aerospace & Defense fund actively managed by Tema. Both are actively managed. Their 0.57 correlation means they have sometimes moved together and sometimes differently. DSPY charges 0.18%/yr vs 0.75%/yr for NASA.

Performance

DSPY vs. NASA - 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 Space Innovators ETF (NASA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DSPY

• 1D: 0.45%
• 1M: -0.38%
• 6M: 9.96%
• YTD: 12.27%
• 1Y: 22.85%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 24.28%

NASA

• 1D: 0.09%
• 1M: -25.91%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DSPY Tema S&P 500 Historical Weight ETF Strategy	$273.16K	$369.65K	$2.14M
NASA Tema Space Innovators ETF	$29.19M	$44.00M	$218.58M

DSPY vs. NASA - Yearly Performance Comparison

	2026 (YTD)
DSPY Tema S&P 500 Historical Weight ETF Strategy	17.45%
NASA Tema Space Innovators ETF	-10.29%

Correlation

The correlation between DSPY and NASA is 0.57, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 31, 2026	0.57

Return for Risk

DSPY vs. NASA — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DSPY

DSPY Risk / Return Rank: 79
DSPY Sharpe Ratio Rank: 78
DSPY Sortino Ratio Rank: 78
DSPY Omega Ratio Rank: 75
DSPY Calmar Ratio Rank: 79
DSPY Martin Ratio Rank: 86

NASA

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DSPY vs. NASA - 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 Space Innovators ETF (NASA). 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	NASA	Difference
Sharpe ratio: Return per unit of total volatility	1.80	—	—
Sortino ratio: Return per unit of downside risk	2.50	—	—
Omega ratio: Gain probability vs. loss probability	1.32	—	—
Calmar ratio: Return relative to maximum drawdown	2.85	—	—
Martin ratio: Return relative to average drawdown	12.58	—	—

Drawdowns

DSPY vs. NASA - Drawdown Comparison

The maximum DSPY drawdown since its inception was -12.15%, smaller than the maximum NASA drawdown of -50.97%. Use the drawdown chart below to compare losses from any high point for DSPY and NASA.

Drawdown Indicators

	DSPY	NASA	Difference
Max Drawdown Largest peak-to-trough decline	-12.15%	-50.97%	+38.82%
Max Drawdown (1Y) Largest decline over 1 year	-7.55%	—	—
Current Drawdown Current decline from peak	-1.27%	-48.39%	+47.12%
Average Drawdown Average peak-to-trough decline	-1.23%	-17.87%	+16.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.71%	—	—

Volatility

Volatility by Period

	DSPY	NASA	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.99%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.38%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.96%	65.62%	-53.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.16%	65.62%	-49.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.16%	65.62%	-49.46%

DSPY vs. NASA - Expense Ratio Comparison

DSPY has a 0.18% expense ratio, which is lower than NASA's 0.75% expense ratio.

Dividends

DSPY vs. NASA - Dividend Comparison

DSPY's dividend yield for the trailing twelve months is around 0.75%, while NASA has not paid dividends to shareholders.

Position	TTM	2025
DSPY Tema S&P 500 Historical Weight ETF Strategy	0.75%	0.72%
NASA Tema Space Innovators ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both DSPY and NASA in my portfolio?

DSPY and NASA have a correlation of 0.57, 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 NASA?

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 NASA?

DSPY is cheaper with a 0.18% expense ratio, compared with 0.75% for NASA.

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

DSPY has the higher dividend yield at 0.75%, compared with 0.00% for NASA.

What is the main difference between DSPY and NASA?

DSPY is categorized as Large Cap Blend Equities, while NASA is Aerospace & Defense. Their fees differ too: 0.18% for DSPY and 0.75% for NASA.