DSPY vs SCHD
DSPY vs SCHD
Tema S&P 500 Historical Weight ETF Strategy vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. DSPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | DSPY | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.06% | |
| AUM | $968M | $103.7B | |
| Dividend Yield | 0.75% | 3.31% | |
| Holdings | 506 | 104 | |
| YTD Return | +13.22% | +23.02% | |
| 1Y Return | +22.58% | +30.75% | |
| 3Y Return (annualized) | - | +14.89% | |
| 5Y Return (annualized) | - | +9.38% | |
| Volatility (annualized) | 10.6% | 13.6% | |
| Max Drawdown | -12.2% | -33.4% | |
| Fund Family | Tema Global Limited | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Apr 1, 2025 | Oct 20, 2011 |
DSPY vs SCHD Performance
Tema S&P 500 Historical Weight ETF Strategy (DSPY) is a ETF from Tema Global Limited and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year DSPY returned +22.58% while SCHD returned +30.75%. Year to date, DSPY is up 13.22% versus a gain of 23.02% for SCHD.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 10.6% for DSPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -12.2% for DSPY and -33.4% for SCHD. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.24. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
DSPY charges 0.18% per year while SCHD charges 0.06%. On a $10,000 position that is $18 vs $6 annually, a gap of $12 per year that compounds over a long holding period. On income, DSPY currently yields 0.75% against 3.31% for SCHD.
Holdings Overlap
DSPY and SCHD share 46 holdings out of 557 unique holdings combined, representing a 10.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in DSPY | Weight in SCHD | Difference |
|---|---|---|---|
| UNH | 0.78% | 4.54% | 3.76% |
| MRK | 0.63% | 4.32% | 3.69% |
| PG | 0.74% | 4.15% | 3.41% |
| ABT | Pro | Pro | Pro |
| HD | Pro | Pro | Pro |
| KO | Pro | Pro | Pro |
| CVX | Pro | Pro | Pro |
| AMGN | Pro | Pro | Pro |
| TXN | Pro | Pro | Pro |
| PEP | Pro | Pro | Pro |
See all 10 holdings DSPY shares with SCHD Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, DSPY or SCHD?
DSPY has an expense ratio of 0.18% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $12 per year of difference.
Which performed better, DSPY or SCHD?
Over the past year DSPY returned +22.58% vs +30.75% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (1 years), DSPY annualized +24.73% vs +11.33% for SCHD. Past performance does not guarantee future results.
Which is riskier, DSPY or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 10.6% for DSPY. Worst drawdown: DSPY -12.2% vs SCHD -33.4%.
Should I hold both DSPY and SCHD?
DSPY and SCHD have a monthly-return correlation of 0.24, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DSPY and SCHD?
DSPY and SCHD share 46 common holdings with a 10.2% weight overlap. Combined, they hold 557 unique securities.
Which pays a higher dividend, DSPY or SCHD?
DSPY yields 0.75% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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