NASA vs. DSPY

Last updated Jun 8, 2026

NASA (Tema Space Innovators ETF) and DSPY (Tema S&P 500 Historical Weight ETF Strategy) are both exchange-traded funds - NASA is a Aerospace & Defense fund actively managed by Tema, while DSPY is a Large Cap Blend Equities fund actively managed by Tema. Both are actively managed. A 0.52 correlation means they provide meaningful diversification when combined. NASA charges 0.75%/yr vs 0.18%/yr for DSPY.

Performance

NASA vs. DSPY - Performance Comparison

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

Returns By Period

NASA

• 1D: -9.48%
• 1M: 1.71%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DSPY

• 1D: -2.38%
• 1M: 1.84%
• YTD: 9.94%
• 6M: 10.13%
• 1Y: 23.73%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NASA vs. DSPY - Yearly Performance Comparison

	2026 (YTD)
NASA Tema Space Innovators ETF	29.65%
DSPY Tema S&P 500 Historical Weight ETF Strategy	12.22%

Correlation

The correlation between NASA and DSPY is 0.52, 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 Apr 1, 2026	0.52

Return for Risk

NASA 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: 74
DSPY Sharpe Ratio Rank: 73
DSPY Sortino Ratio Rank: 72
DSPY Omega Ratio Rank: 71
DSPY Calmar Ratio Rank: 71
DSPY Martin Ratio Rank: 81

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.

NASA vs. DSPY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tema Space Innovators ETF (NASA) 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

	NASA	DSPY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.20	—
Sharpe Ratio (All Time) Calculated using the full available price history	5.20	1.52	+3.68

Drawdowns

NASA vs. DSPY - Drawdown Comparison

The maximum NASA drawdown since its inception was -22.08%, which is greater than DSPY's maximum drawdown of -12.15%. Use the drawdown chart below to compare losses from any high point for NASA and DSPY.

Drawdown Indicators

	NASA	DSPY	Difference
Max Drawdown Largest peak-to-trough decline	-22.08%	-12.15%	-9.93%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.55%	—
Current Drawdown Current decline from peak	-22.08%	-2.42%	-19.66%
Average Drawdown Average peak-to-trough decline	-3.70%	-1.25%	-2.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.65%	—

Volatility

Volatility by Period

	NASA	DSPY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.62%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.87%	—
Volatility (1Y) Calculated over the trailing 1-year period	61.27%	11.47%	+49.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	61.27%	16.63%	+44.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	61.27%	16.63%	+44.64%

NASA vs. DSPY - Expense Ratio Comparison

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

Dividends

NASA vs. DSPY - Dividend Comparison

NASA has not paid dividends to shareholders, while DSPY's dividend yield for the trailing twelve months is around 0.76%.

Position	TTM	2025
DSPY Tema S&P 500 Historical Weight ETF Strategy	0.76%	0.72%
NASA Tema Space Innovators ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both NASA and DSPY in my portfolio?

NASA and DSPY have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NASA 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, NASA or DSPY?

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

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

DSPY has the higher dividend yield at 0.76%, compared with 0.00% for NASA.

What is the main difference between NASA and DSPY?

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