PRVT vs. XLFI

Last updated Jul 30, 2026

PRVT (Tema Listed Private Managers ETF) and XLFI (State Street Financial Select Sector SPDR Premium Income ETF) are both exchange-traded funds - PRVT is a Financials Equities fund actively managed by Tema, while XLFI is a Derivative Income fund actively managed by State Street. Both are actively managed. Their 0.60 correlation means they have sometimes moved together and sometimes differently. PRVT charges 0.75%/yr vs 0.35%/yr for XLFI.

Performance

PRVT vs. XLFI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tema Listed Private Managers ETF (PRVT) and State Street Financial Select Sector SPDR Premium Income ETF (XLFI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PRVT

• 1D: -0.91%
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

XLFI

• 1D: -1.11%
• 1M: 4.69%
• 6M: 5.70%
• YTD: 3.16%
• 1Y: 8.73%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
PRVT Tema Listed Private Managers ETF	$8.30K	$7.65K	$7.65K
XLFI State Street Financial Select Sector SPDR Premium Income ETF	$207.33K	$220.35K	$170.51K

PRVT vs. XLFI - Yearly Performance Comparison

	2026 (YTD)
PRVT Tema Listed Private Managers ETF	6.54%
XLFI State Street Financial Select Sector SPDR Premium Income ETF	2.08%

Correlation

The correlation between PRVT and XLFI is 0.60, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 6, 2026	0.60

PRVT vs. XLFI - Sectors Allocation Comparison

Sectors	PRVT	XLFI
Real Estate	100.0%	-
Financial Services	98.6%	100.4%
Basic Materials	2.0%	-
Utilities	1.1%	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Technology	-	-

Return for Risk

PRVT vs. XLFI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tema Listed Private Managers ETF (PRVT) and State Street Financial Select Sector SPDR Premium Income ETF (XLFI). 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. XLFI - Drawdown Comparison

The maximum PRVT drawdown since its inception was -4.07%, smaller than the maximum XLFI drawdown of -11.89%. Use the drawdown chart below to compare losses from any high point for PRVT and XLFI.

Drawdown Indicators

	PRVT	XLFI	Difference
Max Drawdown Largest peak-to-trough decline	-4.07%	-11.89%	+7.82%
Max Drawdown (1Y) Largest decline over 1 year	—	-11.89%	—
Current Drawdown Current decline from peak	-0.91%	-1.11%	+0.20%
Average Drawdown Average peak-to-trough decline	-1.08%	-3.04%	+1.96%

Volatility

Volatility by Period

	PRVT	XLFI	Difference
Volatility (1Y) Calculated over the trailing 1-year period	26.36%	11.89%	+14.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.36%	11.89%	+14.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.36%	11.89%	+14.47%

PRVT vs. XLFI - Expense Ratio Comparison

PRVT has a 0.75% expense ratio, which is higher than XLFI's 0.35% expense ratio.

Dividends

PRVT vs. XLFI - Dividend Comparison

PRVT has not paid dividends to shareholders, while XLFI's dividend yield for the trailing twelve months is around 11.29%.

Position	TTM	2025
PRVT Tema Listed Private Managers ETF	0.00%	0.00%
XLFI State Street Financial Select Sector SPDR Premium Income ETF	11.29%	5.57%

Frequently Asked Questions

Can I hold both PRVT and XLFI in my portfolio?

PRVT and XLFI have a correlation of 0.60, 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 XLFI?

On fees, XLFI is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PRVT or XLFI?

XLFI is cheaper with a 0.35% expense ratio, compared with 0.75% for PRVT.

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

XLFI has the higher dividend yield at 11.29%, compared with 0.00% for PRVT.

What is the main difference between PRVT and XLFI?

PRVT is categorized as Financials Equities, while XLFI is Derivative Income. They also come from different issuers: Tema and State Street. Their fees differ too: 0.75% for PRVT and 0.35% for XLFI.