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VSMVvsDSPYETF Comparison

ETF 1

VSMV

VictoryShares US Multi-Factor Minimum Volatility ETF

This fund is part of

US Multi-Factor

+0.09%

Full VSMV fund page

VS

ETF 2

DSPY

Tema S&P 500 Historical Weight ETF Strategy

This fund is part of

US Large Cap

+0.36%

Full DSPY fund page

VictoryShares US Multi-Factor Minimum Volatility ETF (VSMV) belongs to the US Multi-Factor segment. Tema S&P 500 Historical Weight ETF Strategy (DSPY) is part of the US Large Cap segment. VSMV's top 3 sector exposures are Information Technology, Communication Services and Health Care. In contrast, DSPY's top sector exposures are Information Technology, Financials and Health Care. VSMV is more expensive with a Total Expense Ratio (TER) of 0.42%, versus 0.18% for DSPY. VSMV is up 6.98% year-to-date (YTD) with -$17M in YTD flows. DSPY performs worse with 6.91% YTD performance, and +$6M in YTD flows. Run a side-by-side ETF comparison of VSMV 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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VSMV 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 05/01/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	VSMV DSPY	+3.90%+8.32%	+2.76%+3.93%	+6.98%+6.91%	+24.51%+27.93%	+55.15%n/a	+69.86%n/a
Flows	VSMV DSPY	-+$2M	-$14M+$4M	-$17M+$6M	+$15M+$746M	-$21M-	-$68M-

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	VSMV DSPY	+9.44%+14.04%	+9.38%+11.58%	+10.76%n/a	+12.92%n/a
Max drawdown	VSMV DSPY	-5.20%-7.53%	-5.20%-7.53%	-13.33%n/a	-17.84%n/a
Max drawdown duration	VSMV DSPY	60d47d	60d47d	238dn/a	465dn/a

Trading data

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	VSMV	DSPY
Last sale 5/1/2026 at 1:30 PM	$58.89	$62.24
Previous close 04/29/2026	$58.78	$62.18
Consolidated volume 04/29/2026
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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	VSMV	DSPY
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

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

Live

Closed

	VSMV	DSPY
Last price	$58.89	$62.24
1D performance	+0.19%	+0.09%
AuM	$153.09 M	$838.91 M
E/R	0.42%	0.18%

Characteristics

	VSMV	DSPY
Management strategy	Passive	Active
Provider	VictoryShares	Tema
Benchmark	Nasdaq Victory US Multi-Factor Minimum Volatility Index	-
N° of holdings	61	475
Asset class	Equities	-
Trailing 12m distribution yield	Join	Join
Inception date	June 22, 2017	March 31, 2025
ESG	No	No

More VSMV data on Trackinsight

More DSPY data on Trackinsight

Exposure

Countries

VSMV

USA

91.47%

Other

8.53%

DSPY

USA

95.67%

Other

4.33%

Sectors

VSMV

Information Techn.

21.32%

Communication Ser.

14.46%

Health Care

13.26%

Industrials

12.05%

Consumer Staples

11.46%

Other

27.46%

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

VSMV

Total weight of top 15 holdings out of 15

57.74%

DSPY

Total weight of top 15 holdings out of 15

25.84%

Top 15 holdings

Data as of March 31, 2026

VSMV

APPLE

8.85%

ALPHABET INC-CL

5.87%

JOHNSON&JOHNSON

4.66%

EXXON

4.55%

US5128073062

3.83%

LOCKHEED MARTIN

3.66%

KLA CORPORATION

3.18%

COSTCO WHOLESALE

3.15%

ALTRIA GROUP

3.09%

KROGER

3.07%

VERIZON COMMUNICATIONS

3.07%

ELECTRONIC ARTS

2.95%

IE000IVNQZ81

2.69%

ALLSTATE

2.60%

SALESFORCE INC

2.52%

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 VSMV and DSPY

How have the VSMV and DSPY ETFs performed in 2026?

As of May 1, 2026, VSMV is up 6.98% year-to-date (YTD), while DSPY has returned 6.91%. That puts VSMV better performer ahead so far this year.

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

Year-to-date, the VSMV ETF saw -$17M in flows, compared to +$6M for DSPY.

Which ETF is more volatile: VSMV or DSPY?

Over the past year, VSMV had a volatility of 9.38%, while DSPY experienced 11.58%.

Which ETF is bigger: VSMV or DSPY?

As of May 1, 2026, VSMV holds $153.09 M in assets under management (AUM), while DSPY manages $838.91 M.

What sectors do the VSMV and DSPY ETFs invest in?

VSMV leans toward sectors like Information Technology, Communication Services and Health Care. Meanwhile, DSPY focuses on Information Technology, Financials and Health Care.

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

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

Which ETF is more diversified: VSMV or DSPY?

VSMV holds 62 securities with 57.74% 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

VSMVvsDSPYETF Comparison

VictoryShares US Multi-Factor Minimum Volatility ETF

Tema S&P 500 Historical Weight ETF Strategy

VSMV 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 VSMV and DSPY ETFs performed in 2026?

As of May 1, 2026, VSMV is up 6.98% year-to-date (YTD), while DSPY has returned 6.91%. That puts VSMV better performer ahead so far this year.

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

Year-to-date, the VSMV ETF saw -$17M in flows, compared to +$6M for DSPY.

Which ETF is more volatile: VSMV or DSPY?

Over the past year, VSMV had a volatility of 9.38%, while DSPY experienced 11.58%.

Which ETF is bigger: VSMV or DSPY?

As of May 1, 2026, VSMV holds $153.09 M in assets under management (AUM), while DSPY manages $838.91 M.

What sectors do the VSMV and DSPY ETFs invest in?

VSMV leans toward sectors like Information Technology, Communication Services and Health Care. Meanwhile, DSPY focuses on Information Technology, Financials and Health Care.

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

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

Which ETF is more diversified: VSMV or DSPY?

VSMV holds 62 securities with 57.74% 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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