NASA vs. PRVT

Last updated Jul 17, 2026

NASA (Tema Space Innovators ETF) and PRVT (Tema Listed Private Managers ETF) are both exchange-traded funds - NASA is a Aerospace & Defense fund actively managed by Tema, while PRVT is a Financials Equities fund actively managed by Tema. Both are actively managed. At a correlation of -0.05, they often move in opposite directions. Both charge a 0.75% expense ratio.

Performance

NASA vs. PRVT - Performance Comparison

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

Returns By Period

NASA

• 1D: -6.07%
• 1M: -27.39%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PRVT

• 1D: -0.31%
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NASA vs. PRVT - Yearly Performance Comparison

	2026 (YTD)
NASA Tema Space Innovators ETF	-20.42%
PRVT Tema Listed Private Managers ETF	5.80%

Correlation

The correlation between NASA and PRVT is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 6, 2026	-0.05

Return for Risk

NASA vs. PRVT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tema Space Innovators ETF (NASA) 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

NASA vs. PRVT - Drawdown Comparison

The maximum NASA drawdown since its inception was -44.57%, which is greater than PRVT's maximum drawdown of -2.95%. Use the drawdown chart below to compare losses from any high point for NASA and PRVT.

Drawdown Indicators

	NASA	PRVT	Difference
Max Drawdown Largest peak-to-trough decline	-44.57%	-2.95%	-41.62%
Current Drawdown Current decline from peak	-44.57%	-0.31%	-44.26%
Average Drawdown Average peak-to-trough decline	-13.59%	-0.58%	-13.01%

Volatility

Volatility by Period

	NASA	PRVT	Difference
Volatility (1Y) Calculated over the trailing 1-year period	67.06%	29.51%	+37.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	67.06%	29.51%	+37.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	67.06%	29.51%	+37.55%

NASA vs. PRVT - Expense Ratio Comparison

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

Dividends

NASA vs. PRVT - Dividend Comparison

Neither NASA nor PRVT has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both NASA and PRVT in my portfolio?

NASA and PRVT have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NASA 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, NASA or PRVT?

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

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

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

What is the main difference between NASA and PRVT?

NASA is categorized as Aerospace & Defense, while PRVT is Financials Equities.