PRVT vs SCHD
Tema Listed Private Managers ETF vs Schwab US Dividend Equity ETF
Which is better, PRVT or SCHD?
Multi Alternative against Large Cap Value.
SCHD has a lower expense ratio. SCHD led over the full window. SCHD is less concentrated, with 41.8% 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 | PRVT | SCHD |
|---|---|---|
| Expense Ratio | 0.75% | 0.06%Best |
| AUM | $233,024.57 | $112.1B |
| Dividend Yield | 0.86% | 3.00% |
| Holdings | 28 | 103 |
| Volatility (annualized) | - | 13.1% |
| Max Drawdown | -20.4% | -16.1%Best |
| $10,000 over 3.2 years | $11,858 | $16,253Best |
| Top 10 Weight | 52.1% | 41.8%Best |
| Fund Family | Tema Global Limited | Charles Schwab Asset Management |
| Category | Alternative | Equity |
| Style | Multi Alternative | Large Cap Value |
| Inception | Oct 1, 2025 | Oct 20, 2011 |
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. PRVT has data through Sep 2, 2026 and SCHD through Sep 18, 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 -20.4% for PRVT and -16.1% for SCHD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
Fees and Cost Over Time
PRVT charges 0.75% per year while SCHD charges 0.06%. On a $10,000 position that is $75 vs $6 annually, a gap of $69 per year that compounds over a long holding period. On income, PRVT currently yields 0.86% against 3.00% for SCHD.
Holdings Overlap
13.4% of PRVT's money is in holdings SCHD also owns. 3.4% of SCHD's money is in holdings PRVT also owns.
PRVT and SCHD share little of their money.
3 positions in common, counted across the 27 positions we hold weights for in PRVT and 100 in SCHD, against full books of 28 and 103.
What only one of them owns
Our book lists 96 positions for SCHD that do not appear in our book for PRVT (96.5% of the fund), and 9 for PRVT that do not appear in SCHD (42.0%).
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.
You are not choosing between two funds in isolation.
Whichever of PRVT and SCHD you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, PRVT or SCHD?
PRVT has an expense ratio of 0.75% while SCHD charges 0.06%. SCHD is the cheaper option, by $69 a year on a $10,000 investment.
What is the holdings overlap between PRVT and SCHD?
13.4% of PRVT's money is in holdings SCHD also owns. 3.4% of SCHD's is in holdings PRVT also owns. They hold 3 positions in common, counted across the 27 positions we hold weights for in PRVT and 100 in SCHD.
Which pays a higher dividend, PRVT or SCHD?
PRVT yields 0.86% while SCHD yields 3.00%, so SCHD currently pays the higher dividend yield.
Is SCHD better than PRVT?
SCHD has a lower expense ratio. SCHD led over the full window. SCHD is less concentrated, with 41.8% 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.