PRVT vs. KWT
PRVT (Tema Listed Private Managers ETF) and KWT (iShares MSCI Kuwait ETF) are both Financials Equities funds. PRVT is actively managed, while KWT is passively managed. At a 0.20 correlation, their price movements are largely independent. PRVT charges 0.75%/yr vs 0.74%/yr for KWT.
Performance
PRVT vs. KWT - Performance Comparison
Loading charts...
Returns By Period
PRVT
- 1D
- 2.08%
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
KWT
- 1D
- 0.05%
- 1M
- -1.49%
- 6M
- -1.95%
- YTD
- -2.51%
- 1Y
- 0.03%
- 3Y*
- 8.44%
- 5Y*
- 8.61%
- 10Y*
- —
PRVT vs. KWT - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
PRVT Tema Listed Private Managers ETF | 1.57% |
KWT iShares MSCI Kuwait ETF | 0.10% |
Correlation
The correlation between PRVT and KWT 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 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PRVT vs. KWT — Risk / Return Rank
PRVT
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
KWT
PRVT vs. KWT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tema Listed Private Managers ETF (PRVT) and iShares MSCI Kuwait ETF (KWT). 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 | KWT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.01 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.00 | — |
| Martin ratioReturn relative to average drawdown | — | 0.00 | — |
Loading charts...
Drawdowns
PRVT vs. KWT - Drawdown Comparison
The maximum PRVT drawdown since its inception was -2.95%, smaller than the maximum KWT drawdown of -24.37%. Use the drawdown chart below to compare losses from any high point for PRVT and KWT.
Loading charts...
Drawdown Indicators
| PRVT | KWT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.95% | -24.37% | +21.42% |
Max Drawdown (1Y)Largest decline over 1 year | — | -11.54% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -15.72% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.37% | — |
Current DrawdownCurrent decline from peak | -0.93% | -7.22% | +6.29% |
Average DrawdownAverage peak-to-trough decline | -0.97% | -7.29% | +6.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 5.20% | — |
Volatility
PRVT vs. KWT - Volatility Comparison
Loading charts...
Volatility by Period
| PRVT | KWT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.73% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 10.23% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 39.67% | 13.39% | +26.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.67% | 13.65% | +26.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.67% | 13.92% | +25.75% |
PRVT vs. KWT - Expense Ratio Comparison
PRVT has a 0.75% expense ratio, which is higher than KWT's 0.74% expense ratio.
Dividends
PRVT vs. KWT - Dividend Comparison
PRVT has not paid dividends to shareholders, while KWT's dividend yield for the trailing twelve months is around 5.65%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
KWT iShares MSCI Kuwait ETF | 5.65% | 5.40% | 6.09% | 2.25% | 5.87% | 7.65% | 0.27% |
PRVT Tema Listed Private Managers ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PRVT and KWT 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, KWT is cheaper at 0.74% per year. The better choice depends on whether you care most about return, fees, risk, or income.
KWT is cheaper with a 0.74% expense ratio, compared with 0.75% for PRVT.
KWT has the higher dividend yield at 5.65%, compared with 0.00% for PRVT.
They also come from different issuers: Tema and iShares. Their fees differ too: 0.75% for PRVT and 0.74% for KWT.
Find the right allocation for PRVT and KWT
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer