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FVALvsDSPYETF Comparison

ETF 1

FVAL

Fidelity Value Factor ETF

This fund is part of

US Large Cap Value

+0.93%

Full FVAL fund page

VS

ETF 2

DSPY

Tema S&P 500 Historical Weight ETF Strategy

This fund is part of

US Large Cap

+0.85%

Full DSPY fund page

Fidelity Value Factor ETF (FVAL) belongs to the US Large Cap Value segment. Tema S&P 500 Historical Weight ETF Strategy (DSPY) is part of the US Large Cap segment. FVAL's top 3 sector exposures are Information Technology, Financials and Consumer Discretionary. In contrast, DSPY's top sector exposures are Information Technology, Financials and Health Care. FVAL is less expensive with a Total Expense Ratio (TER) of 0.15%, versus 0.18% for DSPY. FVAL is up 6.25% year-to-date (YTD) with +$45M in YTD flows. DSPY performs better with 7.36% YTD performance, and +$6M in YTD flows. Run a side-by-side ETF comparison of FVAL and DSPY 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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FVAL vs DSPY 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 05/05/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	FVAL DSPY	+8.99%+8.14%	+5.60%+6.43%	+6.25%+7.36%	+31.96%+27.16%	+75.02%n/a	+75.79%n/a
Flows	FVAL DSPY	+$18M+$2M	+$37M+$4M	+$45M+$6M	+$48M+$746M	+$341M-	+$444M-

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	FVAL DSPY	+14.02%+14.01%	+12.11%+11.51%	+14.20%n/a	+16.43%n/a
Max drawdown	FVAL DSPY	-8.53%-7.53%	-8.88%-7.53%	-18.14%n/a	-23.38%n/a
Max drawdown duration	FVAL DSPY	64d47d	72d47d	131dn/a	702dn/a

Trading data

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	FVAL	DSPY
Last sale 5/5/2026 at 1:30 PM	$76.48	$62.47
Previous close 05/05/2026	$75.78	$61.91
Consolidated volume 05/05/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of April 30, 2026

1-year trailing difference

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DSPY

is actively managed and doesn’t replicate an index

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

Main metrics

Last update 5/5/2026 at 1:30 PM

Live

Closed

	FVAL	DSPY
Last price	$76.48	$62.47
1D performance	+0.92%	+0.91%
AuM	$1.22 B	$842.46 M
E/R	0.15%	0.18%

Characteristics

	FVAL	DSPY
Management strategy	Passive	Active
Provider	Fidelity	Tema
Benchmark	Fidelity U.S. Value Factor Index	-
N° of holdings	120	475
Asset class	Equities	-
Trailing 12m distribution yield	Join	Join
Inception date	September 12, 2016	March 31, 2025
ESG	No	No

More FVAL data on Trackinsight

More DSPY data on Trackinsight

Exposure

Countries

FVAL

USA

96.61%

Other

3.39%

DSPY

USA

95.67%

Other

4.33%

Sectors

FVAL

Information Techn.

33.87%

Financials

10.51%

Consumer Discreti.

10.1%

Health Care

10.04%

Communication Ser.

9.31%

Industrials

9.2%

Other

16.97%

DSPY

Information Techn.

26.01%

Financials

12.26%

Health Care

11.43%

Industrials

10.52%

Consumer Discreti.

9.42%

Communication Ser.

7.21%

Other

23.15%

Diversification

FVAL

Total weight of top 15 holdings out of 15

45.43%

DSPY

Total weight of top 15 holdings out of 15

25.84%

Top 15 holdings

Data as of March 31, 2026

FVAL

NVIDIA

7.56%

APPLE

6.86%

ALPHABET INC-CL

5.06%

MICROSOFT-T

5.05%

AMAZON.COM INC

3.81%

BROADCOM LIMITED

3.13%

META PLATFORMS

2.20%

BERKSHIRE HATHWAY

2.05%

LILLY

1.59%

JOHNSON&JOHNSON

1.53%

EXXON

1.46%

VISA INCORPORATION

1.38%

MICRON TECHNOLOGY

1.37%

WALMART INC

1.23%

ABBVIE

1.15%

DSPY

NVIDIA

3.86%

APPLE

3.27%

AMAZON.COM INC

1.99%

MICROSOFT-T

1.97%

BROADCOM LIMITED

1.71%

META PLATFORMS

1.49%

TESLA

1.46%

BERKSHIRE HATHWAY

1.41%

EXXON

1.40%

JPMORGAN CHASE

1.31%

JOHNSON&JOHNSON

1.26%

LILLY

1.25%

ALPHABET INC-CL

1.23%

WALMART INC

1.16%

VISA INCORPORATION

1.07%

Frequently asked questions about FVAL and DSPY

How have the FVAL and DSPY ETFs performed in 2026?

As of May 5, 2026, FVAL is up 6.25% year-to-date (YTD), while DSPY has returned 7.36%. That puts DSPY better performer ahead so far this year.

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

Year-to-date, the FVAL ETF saw +$45M in flows, compared to +$6M for DSPY.

Which ETF is more volatile: FVAL or DSPY?

Over the past year, FVAL had a volatility of 12.11%, while DSPY experienced 11.51%.

Which ETF is bigger: FVAL or DSPY?

As of May 5, 2026, FVAL holds $1.22 B in assets under management (AUM), while DSPY manages $842.46 M.

What sectors do the FVAL and DSPY ETFs invest in?

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

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

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

Which ETF is more diversified: FVAL or DSPY?

FVAL holds 123 securities with 45.43% of its assets in the top 15. DSPY has 498 securities and a top 15 weight of 25.84%.

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

April 1, 2025

DSPY

FVALvsDSPYETF Comparison

Fidelity Value Factor ETF

Tema S&P 500 Historical Weight ETF Strategy

FVAL vs DSPY 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 FVAL and DSPY ETFs performed in 2026?

As of May 5, 2026, FVAL is up 6.25% year-to-date (YTD), while DSPY has returned 7.36%. That puts DSPY better performer ahead so far this year.

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

Year-to-date, the FVAL ETF saw +$45M in flows, compared to +$6M for DSPY.

Which ETF is more volatile: FVAL or DSPY?

Over the past year, FVAL had a volatility of 12.11%, while DSPY experienced 11.51%.

Which ETF is bigger: FVAL or DSPY?

As of May 5, 2026, FVAL holds $1.22 B in assets under management (AUM), while DSPY manages $842.46 M.

What sectors do the FVAL and DSPY ETFs invest in?

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

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

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

Which ETF is more diversified: FVAL or DSPY?

FVAL holds 123 securities with 45.43% of its assets in the top 15. DSPY has 498 securities and a top 15 weight of 25.84%.

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

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