PRVT vs. EUFN
PRVT (Tema Listed Private Managers ETF) and EUFN (iShares MSCI Europe Financials ETF) are both Financials Equities funds. PRVT is actively managed, while EUFN is passively managed. At a 0.20 correlation, their price movements are largely independent. PRVT charges 0.75%/yr vs 0.49%/yr for EUFN.
Performance
PRVT vs. EUFN - Performance Comparison
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Returns By Period
PRVT
- 1D
- 2.08%
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EUFN
- 1D
- 0.73%
- 1M
- 8.78%
- 6M
- 10.30%
- YTD
- 10.57%
- 1Y
- 27.95%
- 3Y*
- 34.47%
- 5Y*
- 20.89%
- 10Y*
- 14.73%
PRVT vs. EUFN - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
PRVT Tema Listed Private Managers ETF | 1.57% |
EUFN iShares MSCI Europe Financials ETF | -0.13% |
Correlation
The correlation between PRVT and EUFN is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 6, 2026 | 0.20 |
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Return for Risk
PRVT vs. EUFN — Risk / Return Rank
PRVT
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
EUFN
PRVT vs. EUFN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tema Listed Private Managers ETF (PRVT) and iShares MSCI Europe Financials ETF (EUFN). 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.
| PRVT | EUFN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.24 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.90 | — |
| Martin ratioReturn relative to average drawdown | — | 6.65 | — |
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Drawdowns
PRVT vs. EUFN - Drawdown Comparison
The maximum PRVT drawdown since its inception was -2.95%, smaller than the maximum EUFN drawdown of -53.25%. Use the drawdown chart below to compare losses from any high point for PRVT and EUFN.
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Drawdown Indicators
| PRVT | EUFN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.95% | -53.25% | +50.30% |
Max Drawdown (1Y)Largest decline over 1 year | — | -14.77% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -15.95% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -35.15% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -53.25% | — |
Current DrawdownCurrent decline from peak | -0.93% | -1.70% | +0.77% |
Average DrawdownAverage peak-to-trough decline | -0.97% | -14.48% | +13.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.23% | — |
Volatility
PRVT vs. EUFN - Volatility Comparison
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Volatility by Period
| PRVT | EUFN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.92% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 17.36% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 39.67% | 20.19% | +19.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.67% | 21.83% | +17.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.67% | 23.72% | +15.95% |
PRVT vs. EUFN - Expense Ratio Comparison
PRVT has a 0.75% expense ratio, which is higher than EUFN's 0.49% expense ratio.
Dividends
PRVT vs. EUFN - Dividend Comparison
PRVT has not paid dividends to shareholders, while EUFN's dividend yield for the trailing twelve months is around 4.15%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUFN iShares MSCI Europe Financials ETF | 4.15% | 3.57% | 5.36% | 5.00% | 4.24% | 4.15% | 1.38% | 4.55% | 6.48% | 3.04% | 4.03% | 3.65% |
PRVT Tema Listed Private Managers ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PRVT and EUFN have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUFN is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUFN is cheaper with a 0.49% expense ratio, compared with 0.75% for PRVT.
EUFN has the higher dividend yield at 4.15%, compared with 0.00% for PRVT.
They also come from different issuers: Tema and iShares. Their fees differ too: 0.75% for PRVT and 0.49% for EUFN.
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