DSPY vs. VTI

Last updated Jun 24, 2026

DSPY (Tema S&P 500 Historical Weight ETF Strategy) and VTI (Vanguard Total Stock Market ETF) are both Large Cap Blend Equities funds. DSPY is actively managed, while VTI is passively managed. Over the past year, DSPY returned 24.61% vs 24.22% for VTI. With a 0.97 correlation, they move nearly in lockstep. DSPY charges 0.18%/yr vs 0.03%/yr for VTI.

Performance

DSPY vs. VTI - 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 Vanguard Total Stock Market ETF (VTI). 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 VTI's 8.82% return.

DSPY

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

VTI

• 1D: -1.39%
• 1M: -0.84%
• YTD: 8.82%
• 6M: 7.71%
• 1Y: 24.22%
• 3Y*: 20.62%
• 5Y*: 11.90%
• 10Y*: 15.14%

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

DSPY vs. VTI - Yearly Performance Comparison

	2026 (YTD)	2025
DSPY Tema S&P 500 Historical Weight ETF Strategy	11.15%	18.94%
VTI Vanguard Total Stock Market ETF	8.82%	23.04%

Correlation

The correlation between DSPY and VTI is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.97
Correlation (All Time) Calculated using the full available price history since Apr 1, 2025	0.97

The correlation between DSPY and VTI has been stable across timeframes, ranging from 0.97 to 0.97 - a consistent structural relationship.

DSPY vs. VTI - Sectors Allocation Comparison

Sectors	DSPY	VTI
Technology	32.4%	37.0%
Financial Services	14.1%	11.3%
Healthcare	10.2%	9.0%
Industrials	9.9%	9.4%
Consumer Cyclical	8.6%	9.7%
Communication Services	6.8%	9.8%
Consumer Defensive	5.8%	4.3%
Energy	3.7%	3.3%
Utilities	3.2%	2.1%
Real Estate	2.3%	2.3%
Basic Materials	2.2%	1.9%

Return for Risk

DSPY vs. VTI — 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

VTI

VTI Risk / Return Rank: 59
VTI Sharpe Ratio Rank: 58
VTI Sortino Ratio Rank: 56
VTI Omega Ratio Rank: 57
VTI Calmar Ratio Rank: 57
VTI Martin Ratio Rank: 68

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. VTI - 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 Vanguard Total Stock Market ETF (VTI). 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	VTI	Difference
Sharpe ratio: Return per unit of total volatility	2.11	1.90	+0.20
Sortino ratio: Return per unit of downside risk	2.89	2.59	+0.30
Omega ratio: Gain probability vs. loss probability	1.37	1.34	+0.03
Calmar ratio: Return relative to maximum drawdown	3.28	2.73	+0.55
Martin ratio: Return relative to average drawdown	14.69	12.14	+2.55

DSPY vs. VTI - Sharpe Ratio Comparison

The current DSPY Sharpe Ratio is 2.11, which is comparable to the VTI Sharpe Ratio of 1.90. The chart below compares the historical Sharpe Ratios of DSPY and VTI, 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. VTI - Drawdown Comparison

The maximum DSPY drawdown since its inception was -12.15%, smaller than the maximum VTI drawdown of -55.45%. Use the drawdown chart below to compare losses from any high point for DSPY and VTI.

Drawdown Indicators

	DSPY	VTI	Difference
Max Drawdown Largest peak-to-trough decline	-12.15%	-55.45%	+43.30%
Max Drawdown (1Y) Largest decline over 1 year	-7.55%	-8.92%	+1.37%
Max Drawdown (3Y) Largest decline over 3 years	—	-19.30%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-25.36%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.00%	—
Current Drawdown Current decline from peak	-1.71%	-2.85%	+1.14%
Average Drawdown Average peak-to-trough decline	-1.25%	-8.01%	+6.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.68%	2.00%	-0.32%

Volatility

DSPY vs. VTI - Volatility Comparison

The current volatility for Tema S&P 500 Historical Weight ETF Strategy (DSPY) is 4.52%, while Vanguard Total Stock Market ETF (VTI) has a volatility of 4.95%. This indicates that DSPY experiences smaller price fluctuations and is considered to be less risky than VTI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DSPY	VTI	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.52%	4.95%	-0.43%
Volatility (6M) Calculated over the trailing 6-month period	9.32%	10.05%	-0.73%
Volatility (1Y) Calculated over the trailing 1-year period	11.77%	12.83%	-1.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.60%	17.51%	-0.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.60%	18.32%	-1.72%

DSPY vs. VTI - Expense Ratio Comparison

DSPY has a 0.18% expense ratio, which is higher than VTI's 0.03% expense ratio. However, 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. VTI - Dividend Comparison

DSPY's dividend yield for the trailing twelve months is around 0.75%, less than VTI's 1.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DSPY Tema S&P 500 Historical Weight ETF Strategy	0.75%	0.72%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VTI Vanguard Total Stock Market ETF	1.04%	1.12%	1.27%	1.44%	1.66%	1.21%	1.42%	1.78%	2.04%	1.71%	1.92%	1.98%

Frequently Asked Questions

Can I hold both DSPY and VTI in my portfolio?

With a correlation of 0.97, DSPY and VTI move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, DSPY or VTI?

VTI has higher volatility (4.95%) compared to DSPY (4.52%). In terms of maximum drawdown, DSPY dropped -12.15% vs VTI's -55.45%.

Which ETF is better, DSPY or VTI?

On 1-year performance, DSPY leads with 24.61% vs 24.22% for VTI. On fees, VTI is cheaper at 0.03% per year. On volatility, DSPY has been the lower-risk option at 4.52%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DSPY or VTI?

Over the 1-year period, DSPY has performed better with a 24.61% return vs 24.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DSPY or VTI?

VTI is cheaper with a 0.03% expense ratio, compared with 0.18% for DSPY.

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

VTI has the higher dividend yield at 1.04%, compared with 0.75% for DSPY.

What is the main difference between DSPY and VTI?

They also come from different issuers: Tema and Vanguard. Their fees differ too: 0.18% for DSPY and 0.03% for VTI.

Which has better risk-adjusted returns?

DSPY currently has the higher Sharpe Ratio (2.11 vs 1.90), 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.