PRVT vs. IYF
PRVT (Tema Listed Private Managers ETF) and IYF (iShares U.S. Financials ETF) are both Financials Equities funds. PRVT is actively managed, while IYF is passively managed. At a 0.20 correlation, their price movements are largely independent. PRVT charges 0.75%/yr vs 0.38%/yr for IYF.
Performance
PRVT vs. IYF - Performance Comparison
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Returns By Period
PRVT
- 1D
- 2.08%
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IYF
- 1D
- 0.97%
- 1M
- 5.97%
- 6M
- 1.34%
- YTD
- 3.59%
- 1Y
- 10.98%
- 3Y*
- 22.95%
- 5Y*
- 11.91%
- 10Y*
- 13.70%
PRVT vs. IYF - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
PRVT Tema Listed Private Managers ETF | 1.57% |
IYF iShares U.S. Financials ETF | 0.46% |
Correlation
The correlation between PRVT and IYF 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. IYF — Risk / Return Rank
PRVT
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IYF
PRVT vs. IYF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tema Listed Private Managers ETF (PRVT) and iShares U.S. Financials ETF (IYF). 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 | IYF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.14 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.79 | — |
| Martin ratioReturn relative to average drawdown | — | 2.13 | — |
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Drawdowns
PRVT vs. IYF - Drawdown Comparison
The maximum PRVT drawdown since its inception was -2.95%, smaller than the maximum IYF drawdown of -79.09%. Use the drawdown chart below to compare losses from any high point for PRVT and IYF.
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Drawdown Indicators
| PRVT | IYF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.95% | -79.09% | +76.14% |
Max Drawdown (1Y)Largest decline over 1 year | — | -13.88% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.60% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.06% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.57% | — |
Current DrawdownCurrent decline from peak | -0.93% | -0.84% | -0.09% |
Average DrawdownAverage peak-to-trough decline | -0.97% | -17.55% | +16.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 5.16% | — |
Volatility
PRVT vs. IYF - Volatility Comparison
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Volatility by Period
| PRVT | IYF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.32% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 11.36% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 39.67% | 14.72% | +24.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.67% | 19.01% | +20.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.67% | 20.81% | +18.86% |
PRVT vs. IYF - Expense Ratio Comparison
PRVT has a 0.75% expense ratio, which is higher than IYF's 0.38% expense ratio.
Dividends
PRVT vs. IYF - Dividend Comparison
PRVT has not paid dividends to shareholders, while IYF's dividend yield for the trailing twelve months is around 1.45%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IYF iShares U.S. Financials ETF | 1.45% | 1.32% | 1.29% | 1.67% | 1.86% | 1.27% | 1.72% | 1.64% | 1.90% | 1.46% | 1.67% | 1.66% |
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 IYF 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, IYF is cheaper at 0.38% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IYF is cheaper with a 0.38% expense ratio, compared with 0.75% for PRVT.
IYF has the higher dividend yield at 1.45%, compared with 0.00% for PRVT.
They also come from different issuers: Tema and iShares. Their fees differ too: 0.75% for PRVT and 0.38% for IYF.
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