PRVT vs VYM
Tema Listed Private Managers ETF vs Vanguard High Dividend Yield ETF
Which is better, PRVT or VYM?
Multi Alternative against Large Cap Value.
VYM has a lower expense ratio. VYM led over the full window. VYM is less concentrated, with 26.1% 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 | VYM |
|---|---|---|
| Expense Ratio | 0.75% | 0.04%Best |
| AUM | $233,024.57 | $81.6B |
| Dividend Yield | 0.86% | 2.22% |
| Holdings | 28 | 613 |
| Volatility (annualized) | - | 10.8% |
| Max Drawdown | -20.4% | -14.5%Best |
| $10,000 over 3.2 years | $11,858 | $16,905Best |
| Top 10 Weight | 52.1% | 26.1%Best |
| Fund Family | Tema Global Limited | Vanguard (US) |
| Category | Alternative | Equity |
| Style | Multi Alternative | Large Cap Value |
| Inception | Oct 1, 2025 | Nov 10, 2006 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 13 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 VYM through Sep 15, 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 -14.5% for VYM. 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 VYM charges 0.04%. On a $10,000 position that is $75 vs $4 annually, a gap of $71 per year that compounds over a long holding period. On income, PRVT currently yields 0.86% against 2.22% for VYM.
Holdings Overlap
46.6% of PRVT's money is in holdings VYM also owns. 1.5% of VYM's money is in holdings PRVT also owns.
The two portfolios partly overlap.
10 positions in common, counted across the 27 positions we hold weights for in PRVT and 557 in VYM, against full books of 28 and 613.
What only one of them owns
Our book lists 518 positions for VYM that do not appear in our book for PRVT (95.5% of the fund), and 2 for PRVT that do not appear in VYM (8.8%).
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.
Top Shared Holdings
| Stock | Weight in PRVT | Weight in VYM | Difference |
|---|---|---|---|
| BXBlackstone Group Inc. Class A | 5.54% | 0.39% | 5.15% |
| TPGTpg Inc | 5.67% | 0.03% | 5.64% |
| APOAthene (Ath) / Apollo Global Management (Apo) | 5.13% | 0.21% | 4.92% |
| HLNEHamilton Lane Inc | 5.18% | 0.01% | 5.17% |
| ARESAres Management Corp A | 5.04% | 0.10% | 4.94% |
| STEPStepstone Group Lp | 4.71% | 0.01% | 4.70% |
| CGCarlyle Group Inc. | 4.49% | 0.05% | 4.44% |
| OWLBlue Owl Capital, Inc. Class A | 4.45% | 0.03% | 4.42% |
| BLKBlackrock Funding Inc/De | 3.54% | 0.68% | 2.86% |
| CNSCohen & Steers Inc | 2.83% | 0.01% | 2.82% |
46.6% of PRVT is already inside VYM.
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, PRVT or VYM?
PRVT has an expense ratio of 0.75% while VYM charges 0.04%. VYM is the cheaper option, by $71 a year on a $10,000 investment.
What is the holdings overlap between PRVT and VYM?
46.6% of PRVT's money is in holdings VYM also owns. 1.5% of VYM's is in holdings PRVT also owns. They hold 10 positions in common, counted across the 27 positions we hold weights for in PRVT and 557 in VYM.
Which pays a higher dividend, PRVT or VYM?
PRVT yields 0.86% while VYM yields 2.22%, so VYM currently pays the higher dividend yield.
Is VYM better than PRVT?
VYM has a lower expense ratio. VYM led over the full window. VYM is less concentrated, with 26.1% 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.