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DSPYvsFDLOETF Comparison

ETF 1

DSPY

Tema S&P 500 Historical Weight ETF Strategy

This fund is part of

US Large Cap

+1.25%

Full DSPY fund page

VS

ETF 2

FDLO

Fidelity Low Volatility Factor ETF

This fund is part of

US Low Volatility

-0.25%

Full FDLO fund page

Tema S&P 500 Historical Weight ETF Strategy (DSPY) belongs to the US Large Cap segment. Fidelity Low Volatility Factor ETF (FDLO) is part of the US Low Volatility segment. DSPY's top 3 sector exposures are Information Technology, Financials and Industrials. In contrast, FDLO's top sector exposures are Information Technology, Financials and Communication Services. DSPY is more expensive with a Total Expense Ratio (TER) of 0.18%, versus 0.15% for FDLO. DSPY is up 12.48% year-to-date (YTD) with +$104M in YTD flows. FDLO performs worse with 3.03% YTD performance, and -$136M in YTD flows. Run a side-by-side ETF comparison of DSPY and FDLO below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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DSPY vs FDLO performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 06/18/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	DSPY FDLO	+3.36%-1.92%	+13.63%+5.36%	+12.48%+3.03%	+27.09%+13.39%	n/a+44.73%	n/a+59.74%
Flows	DSPY FDLO	+$98M-$7M	+$102M-$92M	+$104M-$136M	+$843M+$40M	-+$496M	-+$531M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	DSPY FDLO	+14.21%+10.28%	+11.58%+8.99%	n/a+11.19%	n/a+13.36%
Max drawdown	DSPY FDLO	-3.44%-2.77%	-7.53%-7.10%	n/a-13.57%	n/a-19.20%
Max drawdown duration	DSPY FDLO	10d18d	47d73d	n/a131d	n/a688d

Trading data

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	DSPY	FDLO
Last sale 6/18/2026 at 1:30 PM	$65.50	$68.24
Previous close 06/18/2026	$64.87	$68.67
Consolidated volume 06/18/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of May 29, 2026

1-year trailing difference

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DSPY

is actively managed and doesn’t replicate an index

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	DSPY	FDLO
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 6/18/2026 at 1:30 PM

Live

Closed

	DSPY	FDLO
Last price	$65.50	$68.24
1D performance	+0.97%	-0.63%
AuM	$980.79 M	$1.37 B
E/R	0.18%	0.15%

Characteristics

	DSPY	FDLO
Management strategy	Active	Passive
Provider	Tema	Fidelity
Benchmark	-	Fidelity U.S. Low Volatility Factor Index
N° of holdings	475	122
Asset class	-	Equities
Trailing 12m distribution yield	Join	Join
Inception date	March 31, 2025	September 12, 2016
ESG	No	No

More DSPY data on Trackinsight

More FDLO data on Trackinsight

Exposure

Countries

DSPY

USA

95.67%

Other

4.33%

FDLO

USA

96.17%

Other

3.83%

Sectors

DSPY

Information Techn.

29.04%

Financials

11.88%

Industrials

10.38%

Health Care

10.29%

Consumer Discreti.

9.39%

Communication Ser.

7.32%

Other

21.7%

FDLO

Information Techn.

35.71%

Financials

10.49%

Communication Ser.

10.48%

Consumer Discreti.

10.22%

Health Care

9.13%

Industrials

8.63%

Other

15.34%

Diversification

DSPY

Total weight of top 15 holdings out of 15

27.3%

FDLO

Total weight of top 15 holdings out of 15

44.64%

Top 15 holdings

Data as of April 30, 2026

DSPY

NVIDIA

4.57%

APPLE

3.21%

AMAZON.COM INC

2.33%

BROADCOM LIMITED

2.20%

MICROSOFT-T

2.11%

META PLATFORMS

1.71%

ALPHABET INC-CL

1.42%

TESLA

1.41%

JPMORGAN CHASE

1.30%

BERKSHIRE HATHWAY

1.27%

ADVANCED MICRO DEVICES

1.23%

MICRON TECHNOLOGY

1.21%

ALPHABET INC-CL

1.13%

LILLY

1.11%

EXXON

1.09%

FDLO

APPLE

7.30%

ALPHABET INC-CL

6.45%

MICROSOFT-T

6.13%

BROADCOM LIMITED

4.63%

AMAZON.COM INC

4.55%

BERKSHIRE HATHWAY

1.77%

CISCO-T

1.77%

JPMORGAN CHASE

1.76%

TEXAS INSTRUMENTS

1.74%

ANALOG DEVICES

1.67%

AMPHENOL

1.57%

LILLY

1.46%

JOHNSON&JOHNSON

1.29%

VERISIGN

1.29%

MOTOROLA SOLUTIONS

1.29%

Frequently asked questions about DSPY and FDLO

How have the DSPY and FDLO ETFs performed in 2026?

As of June 18, 2026, DSPY is up 12.48% year-to-date (YTD), while FDLO has returned 3.03%. That puts DSPY better performer ahead so far this year.

Which ETF is attracting more investor money: DSPY or FDLO?

Year-to-date, the DSPY ETF saw +$104M in flows, compared to -$136M for FDLO.

Which ETF is more volatile: DSPY or FDLO?

Over the past year, DSPY had a volatility of 11.58%, while FDLO experienced 8.99%.

Which ETF is bigger: DSPY or FDLO?

As of June 18, 2026, DSPY holds $980.79 M in assets under management (AUM), while FDLO manages $1.37 B.

What sectors do the DSPY and FDLO ETFs invest in?

DSPY leans toward sectors like Information Technology, Financials and Industrials. Meanwhile, FDLO focuses on Information Technology, Financials and Communication Services.

What are the top holdings of the DSPY ETF and FDLO ETF?

DSPY top holdings include NVIDIA, APPLE and AMAZON.COM INC. FDLO holds in its top three: APPLE, ALPHABET INC-CL and MICROSOFT-T.

Which ETF is more diversified: DSPY or FDLO?

DSPY holds 499 securities with 27.3% of its assets in the top 15. FDLO has 123 securities and a top 15 weight of 44.64%.

Tema S&P 500 Historical Weight ETF (DSPY) Launches to Address Concentration Risk

April 1, 2025

DSPY

DSPYvsFDLOETF Comparison

Tema S&P 500 Historical Weight ETF Strategy

Fidelity Low Volatility Factor ETF

DSPY vs FDLO performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the DSPY and FDLO ETFs performed in 2026?

As of June 18, 2026, DSPY is up 12.48% year-to-date (YTD), while FDLO has returned 3.03%. That puts DSPY better performer ahead so far this year.

Which ETF is attracting more investor money: DSPY or FDLO?

Year-to-date, the DSPY ETF saw +$104M in flows, compared to -$136M for FDLO.

Which ETF is more volatile: DSPY or FDLO?

Over the past year, DSPY had a volatility of 11.58%, while FDLO experienced 8.99%.

Which ETF is bigger: DSPY or FDLO?

As of June 18, 2026, DSPY holds $980.79 M in assets under management (AUM), while FDLO manages $1.37 B.

What sectors do the DSPY and FDLO ETFs invest in?

DSPY leans toward sectors like Information Technology, Financials and Industrials. Meanwhile, FDLO focuses on Information Technology, Financials and Communication Services.

What are the top holdings of the DSPY ETF and FDLO ETF?

DSPY top holdings include NVIDIA, APPLE and AMAZON.COM INC. FDLO holds in its top three: APPLE, ALPHABET INC-CL and MICROSOFT-T.

Which ETF is more diversified: DSPY or FDLO?

DSPY holds 499 securities with 27.3% of its assets in the top 15. FDLO has 123 securities and a top 15 weight of 44.64%.

Tema S&P 500 Historical Weight ETF (DSPY) Launches to Address Concentration Risk

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