PRVT vs. NASA

Last updated Jul 10, 2026

PRVT (Tema Listed Private Managers ETF) and NASA (Tema Space Innovators ETF) are both exchange-traded funds - PRVT is a Financials Equities fund actively managed by Tema, while NASA is a Aerospace & Defense fund actively managed by Tema. Both are actively managed. At a correlation of -0.40, they often move in opposite directions. Both charge a 0.75% expense ratio.

Performance

PRVT vs. NASA - Performance Comparison

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

Returns By Period

PRVT

• 1D: 2.08%
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

NASA

• 1D: 0.30%
• 1M: -15.54%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PRVT vs. NASA - Yearly Performance Comparison

	2026 (YTD)
PRVT Tema Listed Private Managers ETF	1.57%
NASA Tema Space Innovators ETF	-8.53%

Correlation

The correlation between PRVT and NASA is -0.40, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 6, 2026	-0.40

Return for Risk

PRVT vs. NASA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tema Listed Private Managers ETF (PRVT) and Tema Space Innovators ETF (NASA). 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

PRVT vs. NASA - Drawdown Comparison

The maximum PRVT drawdown since its inception was -2.95%, smaller than the maximum NASA drawdown of -36.93%. Use the drawdown chart below to compare losses from any high point for PRVT and NASA.

Drawdown Indicators

	PRVT	NASA	Difference
Max Drawdown Largest peak-to-trough decline	-2.95%	-36.93%	+33.98%
Current Drawdown Current decline from peak	-0.93%	-36.29%	+35.36%
Average Drawdown Average peak-to-trough decline	-0.97%	-11.63%	+10.66%

Volatility

Volatility by Period

	PRVT	NASA	Difference
Volatility (1Y) Calculated over the trailing 1-year period	39.67%	67.67%	-28.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.67%	67.67%	-28.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.67%	67.67%	-28.00%

PRVT vs. NASA - Expense Ratio Comparison

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

Dividends

PRVT vs. NASA - Dividend Comparison

Neither PRVT nor NASA has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both PRVT and NASA in my portfolio?

PRVT and NASA have a correlation of -0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PRVT or NASA?

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, PRVT or NASA?

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

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

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

What is the main difference between PRVT and NASA?

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