PRVT vs QQQ
Tema Listed Private Managers ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | PRVT | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.75% | 0.18% | |
| AUM | $478,976.15 | $496.3B | |
| Dividend Yield | 0.86% | 0.44% | |
| Holdings | 28 | 108 | |
| YTD Return | +16.70% | +17.13% | |
| 1Y Return | +16.70% | +24.75% | |
| 3Y Return (annualized) | +5.81% | +24.85% | |
| 5Y Return (annualized) | - | +14.21% | |
| Volatility (annualized) | - | 30.6% | |
| Max Drawdown | -20.4% | -83.0% | |
| Fund Family | Tema Global Limited | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Oct 1, 2025 | Mar 10, 1999 |
PRVT vs QQQ Performance
Tema Listed Private Managers ETF (PRVT) is a ETF from Tema Global Limited and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year PRVT returned +16.70% while QQQ returned +24.75%. Year to date, PRVT is up 16.70% versus a gain of 17.13% for QQQ.
Over three years, PRVT compounded at +5.81% per year against +24.85% for QQQ. Across the full 3-year window we track, QQQ has the edge at +13.04% annualized vs +5.41%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -20.4% for PRVT and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
PRVT charges 0.75% per year while QQQ charges 0.18%. On a $10,000 position that is $75 vs $18 annually, a gap of $57 per year that compounds over a long holding period. On income, PRVT currently yields 0.86% against 0.44% for QQQ.
Holdings Overlap
PRVT and QQQ share 0 holdings out of 129 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, PRVT or QQQ?
PRVT has an expense ratio of 0.75% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $57 per year of difference.
Which performed better, PRVT or QQQ?
Over the past year PRVT returned +16.70% vs +24.75% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (3 years), PRVT annualized +5.41% vs +13.04% for QQQ. Past performance does not guarantee future results.
What is the holdings overlap between PRVT and QQQ?
PRVT and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 129 unique securities.
Which pays a higher dividend, PRVT or QQQ?
PRVT yields 0.86% while QQQ yields 0.44%, so PRVT currently pays the higher dividend yield.
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