DSPY vs SPY: Differences, Returns & Fees
DSPY and SPY hold 82% of their weight in the same names, and DSPY returned +18.1% over the year. Net assets: $1.0bn on Oct 9, 2026 for Tema S&P 500 Historical Weight ETF Strategy, and $817.2bn on Oct 8, 2026 for SPDR S&P 500 ETF Trust.
SPY costs 0.09 points a year less; their one-year returns differ by 0.8 points; SPY is far larger, $817.2bn against $1.0bn.
| DSPY | SPY | |
|---|---|---|
| Expense ratio | 0.18% | 0.09% |
| Net assets, as of Oct 8, 2026 | $1.0bn | $817.2bn |
| Total return, 1 year | +18.1% | +17.3% |
| What it tracks | No index, actively managed | S&P 500 Index |
| Holdings in common | 82% | |
| Top ten holdings, share of the fund | 21.7% | 39.1% |
Holdings in common uses holdings dated Oct 8, 2026 and Oct 9, 2026.
What they hold in common
By the books each fund has filed, DSPY and SPY hold 82% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated Oct 8, 2026 and Oct 9, 2026.
half
82% in common
On the same fields
DSPY and SPY on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.
About DSPY
DSPY is actively managed and tracks no index. Over the year to Oct 9, 2026 it returned +18.1% with distributions reinvested, against +17.3% for its benchmark, the S&P 500 Total Return Index. The prospectus expense ratio is 0.18% a year. By its holdings published by its issuer for Oct 9, 2026, 99% of the fund by weight is stocks the S&P 500 also holds, across 504 positions, with the top ten at 21.7%.
About SPY
SPY tracks the S&P 500. Over the year to Oct 9, 2026 it returned +17.3% with distributions reinvested, against +17.3% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.09% a year. By its holdings published by its issuer for Oct 8, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 504 positions, with the top ten at 39.1%.
Questions people ask
- Which returned more over the last year, DSPY or SPY?
- In the year to Oct 9, 2026, with distributions reinvested, DSPY returned +18.1% and SPY +17.3%.
- Which is cheaper, DSPY or SPY?
- SPY is cheaper, by 0.09 percentage points a year. That is about $9 on $10,000 held for a year. Fees come from each fund's prospectus.
ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, DSPY against SPY, data as of Oct 9, 2026. https://etfiq.com/compare/any/dspy-vs-spy
ETFIQ. (Oct 9, 2026). DSPY against SPY. Retrieved from https://etfiq.com/compare/any/dspy-vs-spy
[DSPY against SPY (ETFIQ, Oct 9, 2026)](https://etfiq.com/compare/any/dspy-vs-spy)
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