IVV vs PRVT
iShares Core S&P 500 ETF vs Tema Listed Private Managers ETF
Which is better, IVV or PRVT?
Large Cap Blend against Multi Alternative.
IVV has a lower expense ratio. IVV led over the full window. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 52.1%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | IVV | PRVT |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.75% |
| AUM | $876.4B | $233,024.57 |
| Dividend Yield | 1.06% | 0.86% |
| Holdings | 508 | 28 |
| Volatility (annualized) | 12.6% | - |
| Max Drawdown | -18.8%Best | -20.4% |
| $10,000 over 3.2 years | $18,225Best | $11,858 |
| Top 10 Weight | 37.8%Best | 52.1% |
| Fund Family | iShares by BlackRock (US) | Tema Global Limited |
| Category | Equity | Alternative |
| Style | Large Cap Blend | Multi Alternative |
| Inception | May 15, 2000 | Oct 1, 2025 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 16 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. IVV has data through Sep 18, 2026 and PRVT through Sep 2, 2026.
Volatility and max drawdown, and the $10,000 over 3.2 years row, are measured over the window both funds cover: Jun 13, 2023 to Sep 2, 2026 (3.2 years).
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -18.8% for IVV and -20.4% for PRVT. Drawdown depth is what each fund did in the worst stretch of the window measured above.
Fees and Cost Over Time
IVV charges 0.03% per year while PRVT charges 0.75%. On a $10,000 position that is $3 vs $75 annually, a gap of $72 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 0.86% for PRVT.
Holdings Overlap
0.7% of IVV's money is in holdings PRVT also owns. 24.4% of PRVT's money is in holdings IVV also owns.
PRVT and IVV share little of their money.
5 positions in common, counted across the 490 positions we hold weights for in IVV and 27 in PRVT, against full books of 508 and 28.
What only one of them owns
Our book lists 7 positions for PRVT that do not appear in our book for IVV (31.0% of the fund), and 477 for IVV that do not appear in PRVT (98.0%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
24.4% of PRVT is already inside IVV.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IVV or PRVT?
IVV has an expense ratio of 0.03% while PRVT charges 0.75%. IVV is the cheaper option, by $72 a year on a $10,000 investment.
What is the holdings overlap between IVV and PRVT?
24.4% of PRVT's money is in holdings IVV also owns. 24.4% of PRVT's is in holdings IVV also owns. They hold 5 positions in common, counted across the 490 positions we hold weights for in IVV and 27 in PRVT.
Which pays a higher dividend, IVV or PRVT?
IVV yields 1.06% while PRVT yields 0.86%, so IVV currently pays the higher dividend yield.
Is PRVT better than IVV?
IVV has a lower expense ratio. IVV led over the full window. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 52.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.