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Upturn AI Summary
Tema S&P 500 Historical Weight ETF Strategy(DSPY)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
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- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
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Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for DSPY
10/28/2026: DSPY (2-star) has a low Upturn Star Rating. Not recommended to BUY.
Tema S&P 500 Historical Weight ETF Strategy (DSPY) provides exposure to the S&P 500 index using a proprietary active weighting strategy based on historical data rather than standard market capitalization. Its primary strength lies in offering a rules-based alternative that aims to mitigate concentration risks inherent in traditional indices. Investors use it as a strategic equity holding seeking potential alpha over passive benchmarks. Key risks include higher expense ratios, lower liquidity compared to massive passive funds, and the risk that the proprietary model fails to outperform. It is best suited for long-term investors who prefer systematic active management over passive tracking.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
ETF holdings, costs, diversification, valuation, risks, and market conditions provide supporting context about the fund.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Mixed fit | The fund provides growth exposure but relies on historical weights rather than pure growth factors. |
| Momentum investor | Strong fit while signal remains positive | If the historical weighting strategy utilizes momentum-like data, it may align well with momentum styles. |
| Value investor | Mixed fit | Historical weighting may inadvertently tilt towards value, but it is not a dedicated value fund. |
| Dividend/Income investor | Weak fit | The primary focus is on historical index weighting rather than specific dividend yield generation. |
| Low-risk investor | Weak fit | Active weighting strategies generally carry higher volatility and tracking risk than passive broad-market funds. |
Investor Profile
Ideal Investor Profile
The ideal investor is someone seeking large-cap US equity exposure but who believes a rules-based, historical weighting strategy can provide better risk-adjusted returns than a market-cap weighted index.
Suitability
This ETF is generally more suitable for long-term investors looking for systematic active strategies rather than passive index followers or short-term day traders.
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Volatility | Medium / high | The active weighting approach can lead to performance swings that differ significantly from the broader market. |
| Market risk | High | As an equity-based fund, it remains fully exposed to systemic downturns in the US stock market. |
| Concentration | Medium | The strategy may occasionally result in over-weighting specific segments of the S&P 500. |
| Tracking/expense | Medium | Higher expense ratios and tracking error against the S&P 500 can erode long-term net returns. |
| Liquidity | Medium | Lower trading volumes may make it harder to enter or exit large positions without affecting price. |
| Business/sector quality | Medium | Reliance on the underlying constituents of the S&P 500 means the fund's quality is tied to the index components. |
Risk Analysis
Volatility
Historical volatility for DSPY is expected to be higher than pure passive index trackers due to the active weighting methodology.
Market Risk
DSPY is subject to the same equity market risks as the S&P 500, with added model risk from its active weighting strategy.
What the ETF Owns
| Exposure Type | Exposure | Weight (%) | Retail Investor Read |
|---|---|---|---|
| Market capitalization | S&P 500 Index Constituents | 98 | The fund holds a basket of large-cap US stocks derived from the S&P 500 index, managed with a specific historical weighting strategy. |
| Cash/collateral | Cash and Cash Equivalents | 2 | A small portion of the portfolio is held in cash to manage liquidity and daily transaction requirements. |
Price Behavior
Strong Uptrend
The stock has maintained a strong upward price trend across the last three quarters.
Very Smooth
The stock has followed a highly orderly price path with minimal short-term disruption.
Analysis of Past Performance
Type ETF | Historic Profit 9.87% | Avg. Invested days 79 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Advisory Rating  | Upturn Advisory Performance  5.0 | ETF Returns Performance  3.0 |
| Profits based on simulation | Last Close 10/28/2026 |
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