WELD vs. PRVT

Last updated Jul 18, 2026

WELD (Tema U.S. Manufacturing & Reshoring ETF) and PRVT (Tema Listed Private Managers ETF) are both exchange-traded funds - WELD is a Industrials Equities fund actively managed by Tema, while PRVT is a Financials Equities fund actively managed by Tema. Both are actively managed. At a 0.21 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.

Performance

WELD vs. PRVT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tema U.S. Manufacturing & Reshoring ETF (WELD) and Tema Listed Private Managers ETF (PRVT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

WELD

• 1D: -0.45%
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PRVT

• 1D: 0.12%
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

WELD vs. PRVT - Yearly Performance Comparison

	2026 (YTD)
WELD Tema U.S. Manufacturing & Reshoring ETF	-3.76%
PRVT Tema Listed Private Managers ETF	5.93%

Correlation

The correlation between WELD and PRVT is 0.21, 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	0.21

WELD vs. PRVT - Sectors Allocation Comparison

Sectors	WELD	PRVT
Industrials	73.5%	-
Technology	12.9%	-
Basic Materials	8.5%	-
Consumer Cyclical	3.0%	-
Energy	1.0%	-
Communication Services	-	-
Consumer Defensive	-	-
Financial Services	-	-
Healthcare	-	-
Real Estate	-	100.0%
Utilities	-	-

Return for Risk

WELD vs. PRVT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tema U.S. Manufacturing & Reshoring ETF (WELD) and Tema Listed Private Managers ETF (PRVT). 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

WELD vs. PRVT - Drawdown Comparison

The maximum WELD drawdown since its inception was -11.04%, which is greater than PRVT's maximum drawdown of -2.95%. Use the drawdown chart below to compare losses from any high point for WELD and PRVT.

Drawdown Indicators

	WELD	PRVT	Difference
Max Drawdown Largest peak-to-trough decline	-11.04%	-2.95%	-8.09%
Current Drawdown Current decline from peak	-11.04%	-0.20%	-10.84%
Average Drawdown Average peak-to-trough decline	-7.35%	-0.54%	-6.81%

Volatility

Volatility by Period

	WELD	PRVT	Difference
Volatility (1Y) Calculated over the trailing 1-year period	33.23%	27.94%	+5.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.23%	27.94%	+5.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.23%	27.94%	+5.29%

WELD vs. PRVT - Expense Ratio Comparison

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

Dividends

WELD vs. PRVT - Dividend Comparison

Neither WELD nor PRVT has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both WELD and PRVT in my portfolio?

WELD and PRVT have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, WELD or PRVT?

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, WELD or PRVT?

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

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

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

What is the main difference between WELD and PRVT?

WELD is categorized as Industrials Equities, while PRVT is Financials Equities.