DISK vs. PRVT

Last updated Jul 27, 2026

DISK (Tema Memory ETF) and PRVT (Tema Listed Private Managers ETF) are both exchange-traded funds - DISK is a Semiconductors fund actively managed by Tema, while PRVT is a Financials Equities fund actively managed by Tema. Both are actively managed. Their -0.19 correlation means they have often moved in opposite directions in the past. Both charge a 0.75% expense ratio.

Performance

DISK vs. PRVT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tema Memory ETF (DISK) and Tema Listed Private Managers ETF (PRVT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DISK

• 1D: -9.86%
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

PRVT

• 1D: 2.53%
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DISK Tema Memory ETF	$13.68M	$15.67M	$15.67M
PRVT Tema Listed Private Managers ETF	$8.29K	$7.95K	$7.95K

DISK vs. PRVT - Yearly Performance Comparison

	2026 (YTD)
DISK Tema Memory ETF	-17.30%
PRVT Tema Listed Private Managers ETF	4.40%

Correlation

The correlation between DISK and PRVT is -0.19, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 6, 2026	-0.19

Return for Risk

DISK vs. PRVT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tema Memory ETF (DISK) and Tema Listed Private Managers ETF (PRVT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

DISK vs. PRVT - Drawdown Comparison

The maximum DISK drawdown since its inception was -32.90%, which is greater than PRVT's maximum drawdown of -4.07%. Use the drawdown chart below to compare losses from any high point for DISK and PRVT.

Drawdown Indicators

	DISK	PRVT	Difference
Max Drawdown Largest peak-to-trough decline	-32.90%	-4.07%	-28.83%
Current Drawdown Current decline from peak	-32.90%	-1.64%	-31.26%
Average Drawdown Average peak-to-trough decline	-21.04%	-1.24%	-19.80%

Volatility

Volatility by Period

	DISK	PRVT	Difference
Volatility (1Y) Calculated over the trailing 1-year period	110.87%	27.32%	+83.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	110.87%	27.32%	+83.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	110.87%	27.32%	+83.55%

DISK vs. PRVT - Expense Ratio Comparison

Both DISK and PRVT have an expense ratio of 0.75%.

Dividends

DISK vs. PRVT - Dividend Comparison

Neither DISK nor PRVT has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both DISK and PRVT in my portfolio?

DISK and PRVT have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DISK or PRVT?

Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DISK or PRVT?

DISK and PRVT have the same expense ratio: 0.75% per year.

Which ETF pays a higher dividend yield, DISK or PRVT?

DISK and PRVT have nearly identical dividend yields, around 0.00%.

What is the main difference between DISK and PRVT?

DISK is categorized as Semiconductors, while PRVT is Financials Equities.