ITOL vs. DSPY

Last updated Jun 4, 2026

ITOL (Tema International Durable Quality ETF) and DSPY (Tema S&P 500 Historical Weight ETF Strategy) are both exchange-traded funds - ITOL is a Foreign Large Cap Equities fund actively managed by Tema, while DSPY is a Large Cap Blend Equities fund actively managed by Tema. Both are actively managed. Their correlation of 0.81 suggests significant overlap in exposure. ITOL charges 0.60%/yr vs 0.18%/yr for DSPY.

Performance

ITOL vs. DSPY - Performance Comparison

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

Returns By Period

In the year-to-date period, ITOL achieves a 0.58% return, which is significantly lower than DSPY's 12.26% return.

ITOL

• 1D: 0.00%
• 1M: 1.19%
• YTD: 0.58%
• 6M: 3.05%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DSPY

• 1D: -0.36%
• 1M: 5.59%
• YTD: 12.26%
• 6M: 12.63%
• 1Y: 26.81%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ITOL vs. DSPY - Yearly Performance Comparison

	2026 (YTD)	2025
ITOL Tema International Durable Quality ETF	0.58%	3.85%
DSPY Tema S&P 500 Historical Weight ETF Strategy	12.26%	3.61%

Correlation

The correlation between ITOL and DSPY is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 12, 2025	0.81

Return for Risk

ITOL vs. DSPY — Risk / Return Rank

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

DSPY

DSPY Risk / Return Rank: 75
DSPY Sharpe Ratio Rank: 75
DSPY Sortino Ratio Rank: 75
DSPY Omega Ratio Rank: 72
DSPY Calmar Ratio Rank: 72
DSPY Martin Ratio Rank: 82

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.

ITOL vs. DSPY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tema International Durable Quality ETF (ITOL) and Tema S&P 500 Historical Weight ETF Strategy (DSPY). 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.

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

Sharpe Ratios by Period

	ITOL	DSPY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.41	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.35	1.68	-1.33

Drawdowns

ITOL vs. DSPY - Drawdown Comparison

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

Drawdown Indicators

	ITOL	DSPY	Difference
Max Drawdown Largest peak-to-trough decline	-15.54%	-12.15%	-3.39%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.55%	—
Current Drawdown Current decline from peak	-5.46%	-0.36%	-5.10%
Average Drawdown Average peak-to-trough decline	-3.59%	-1.25%	-2.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.64%	—

Volatility

Volatility by Period

	ITOL	DSPY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.82%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.52%	—
Volatility (1Y) Calculated over the trailing 1-year period	17.90%	11.21%	+6.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.90%	16.53%	+1.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.90%	16.53%	+1.37%

ITOL vs. DSPY - Expense Ratio Comparison

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

Dividends

ITOL vs. DSPY - Dividend Comparison

ITOL's dividend yield for the trailing twelve months is around 0.13%, less than DSPY's 0.74% yield.

Position	TTM	2025
DSPY Tema S&P 500 Historical Weight ETF Strategy	0.74%	0.72%
ITOL Tema International Durable Quality ETF	0.13%	0.13%

Frequently Asked Questions

Can I hold both ITOL and DSPY in my portfolio?

ITOL and DSPY have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ITOL or DSPY?

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, ITOL or DSPY?

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

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

DSPY has the higher dividend yield at 0.74%, compared with 0.13% for ITOL.

What is the main difference between ITOL and DSPY?

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