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DSPYvsFVALETF Comparison

ETF 1

DSPY

Tema S&P 500 Historical Weight ETF Strategy

This fund is part of

US Large Cap

+0%

Full DSPY fund page

VS

ETF 2

FVAL

Fidelity Value Factor ETF

This fund is part of

US Large Cap Value

+0%

Full FVAL fund page

Tema S&P 500 Historical Weight ETF Strategy (DSPY) belongs to the US Large Cap segment. Fidelity Value Factor ETF (FVAL) is part of the US Large Cap Value segment. DSPY's top 3 sector exposures are Information Technology, Financials and Industrials. In contrast, FVAL's top sector exposures are Information Technology, Consumer Discretionary and Financials. DSPY is more expensive with a Total Expense Ratio (TER) of 0.18%, versus 0.15% for FVAL. DSPY is up 12.48% year-to-date (YTD) with +$104M in YTD flows. FVAL performs worse with 8.98% YTD performance, and +$56M in YTD flows. Run a side-by-side ETF comparison of DSPY and FVAL 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 FVAL 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 FVAL	+3.36%+1.14%	+13.63%+12.20%	+12.48%+8.98%	+27.09%+28.24%	n/a+70.31%	n/a+82.59%
Flows	DSPY FVAL	+$98M+$12M	+$102M+$34M	+$104M+$56M	+$843M+$76M	-+$348M	-+$434M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	DSPY FVAL	+14.21%+14.38%	+11.58%+11.97%	n/a+14.29%	n/a+16.45%
Max drawdown	DSPY FVAL	-3.44%-4.56%	-7.53%-8.88%	n/a-18.14%	n/a-23.38%
Max drawdown duration	DSPY FVAL	10d17d	47d72d	n/a131d	n/a702d

Trading data

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	DSPY	FVAL
Last sale 6/18/2026 at 1:30 PM	$65.50	$78.01
Previous close 06/18/2026	$64.87	$77.86
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	FVAL
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	FVAL
Last price	$65.50	$78.01
1D performance	+0.97%	+0.19%
AuM	$980.79 M	$1.26 B
E/R	0.18%	0.15%

Characteristics

	DSPY	FVAL
Management strategy	Active	Passive
Provider	Tema	Fidelity
Benchmark	-	Fidelity U.S. Value Factor Index
N° of holdings	475	120
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 FVAL data on Trackinsight

Exposure

Countries

DSPY

USA

95.67%

Other

4.33%

FVAL

USA

96.94%

Other

3.06%

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%

FVAL

Information Techn.

35.69%

Consumer Discreti.

10.62%

Financials

10.36%

Communication Ser.

10.03%

Health Care

9.35%

Industrials

8.8%

Other

15.16%

Diversification

DSPY

Total weight of top 15 holdings out of 15

27.3%

FVAL

Total weight of top 15 holdings out of 15

48.31%

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%

FVAL

NVIDIA

8.68%

APPLE

6.53%

ALPHABET INC-CL

5.64%

MICROSOFT-T

5.24%

AMAZON.COM INC

4.53%

BROADCOM LIMITED

3.93%

META PLATFORMS

2.59%

BERKSHIRE HATHWAY

1.88%

MICRON TECHNOLOGY

1.82%

LILLY

1.43%

VISA INCORPORATION

1.34%

JOHNSON&JOHNSON

1.31%

WALMART INC

1.17%

EXXON

1.15%

UNITEDHEALTH GRP

1.10%

Frequently asked questions about DSPY and FVAL

How have the DSPY and FVAL ETFs performed in 2026?

As of June 18, 2026, DSPY is up 12.48% year-to-date (YTD), while FVAL has returned 8.98%. That puts DSPY better performer ahead so far this year.

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

Year-to-date, the DSPY ETF saw +$104M in flows, compared to +$56M for FVAL.

Which ETF is more volatile: DSPY or FVAL?

Over the past year, DSPY had a volatility of 11.58%, while FVAL experienced 11.97%.

Which ETF is bigger: DSPY or FVAL?

As of June 18, 2026, DSPY holds $980.79 M in assets under management (AUM), while FVAL manages $1.26 B.

What sectors do the DSPY and FVAL ETFs invest in?

DSPY leans toward sectors like Information Technology, Financials and Industrials. Meanwhile, FVAL focuses on Information Technology, Consumer Discretionary and Financials.

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

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

Which ETF is more diversified: DSPY or FVAL?

DSPY holds 499 securities with 27.3% of its assets in the top 15. FVAL has 123 securities and a top 15 weight of 48.31%.

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

April 1, 2025

DSPY

DSPYvsFVALETF Comparison

Tema S&P 500 Historical Weight ETF Strategy

Fidelity Value Factor ETF

DSPY vs FVAL 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 FVAL ETFs performed in 2026?

As of June 18, 2026, DSPY is up 12.48% year-to-date (YTD), while FVAL has returned 8.98%. That puts DSPY better performer ahead so far this year.

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

Year-to-date, the DSPY ETF saw +$104M in flows, compared to +$56M for FVAL.

Which ETF is more volatile: DSPY or FVAL?

Over the past year, DSPY had a volatility of 11.58%, while FVAL experienced 11.97%.

Which ETF is bigger: DSPY or FVAL?

As of June 18, 2026, DSPY holds $980.79 M in assets under management (AUM), while FVAL manages $1.26 B.

What sectors do the DSPY and FVAL ETFs invest in?

DSPY leans toward sectors like Information Technology, Financials and Industrials. Meanwhile, FVAL focuses on Information Technology, Consumer Discretionary and Financials.

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

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

Which ETF is more diversified: DSPY or FVAL?

DSPY holds 499 securities with 27.3% of its assets in the top 15. FVAL has 123 securities and a top 15 weight of 48.31%.

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

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