APIE vs. PATN

Last updated Jun 4, 2026

APIE (ActivePassive International Equity ETF) and PATN (Pacer Nasdaq International Patent Leaders ETF) are both Foreign Large Cap Equities funds. APIE is actively managed, while PATN is passively managed. Over the past year, APIE returned 22.79% vs 73.16% for PATN. Their correlation of 0.84 suggests significant overlap in exposure. APIE charges 0.45%/yr vs 0.65%/yr for PATN.

Performance

APIE vs. PATN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ActivePassive International Equity ETF (APIE) and Pacer Nasdaq International Patent Leaders ETF (PATN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, APIE achieves a 8.11% return, which is significantly lower than PATN's 40.52% return.

APIE

• 1D: -1.51%
• 1M: 3.12%
• YTD: 8.11%
• 6M: 9.61%
• 1Y: 22.79%
• 3Y*: 17.90%
• 5Y*: —
• 10Y*: —

PATN

• 1D: -0.39%
• 1M: 16.77%
• YTD: 40.52%
• 6M: 44.04%
• 1Y: 73.16%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

APIE vs. PATN - Yearly Performance Comparison

	2026 (YTD)	2025	2024
APIE ActivePassive International Equity ETF	8.11%	31.46%	-2.92%
PATN Pacer Nasdaq International Patent Leaders ETF	40.52%	40.01%	-1.73%

Correlation

The correlation between APIE and PATN is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.82
Correlation (All Time) Calculated using the full available price history since Sep 18, 2024	0.84

The correlation between APIE and PATN has been stable across timeframes, ranging from 0.82 to 0.84 - a consistent structural relationship.

APIE vs. PATN - Sectors Allocation Comparison

Sectors	APIE	PATN
Technology	21.5%	41.1%
Financial Services	19.9%	0.8%
Industrials	14.4%	16.4%
Consumer Cyclical	9.8%	9.0%
Healthcare	9.2%	12.5%
Communication Services	7.2%	8.4%
Consumer Defensive	5.7%	6.3%
Basic Materials	5.4%	2.9%
Energy	3.4%	2.1%
Utilities	2.7%	-
Real Estate	0.6%	-

Return for Risk

APIE vs. PATN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

APIE

APIE Risk / Return Rank: 40
APIE Sharpe Ratio Rank: 40
APIE Sortino Ratio Rank: 40
APIE Omega Ratio Rank: 38
APIE Calmar Ratio Rank: 37
APIE Martin Ratio Rank: 42

PATN

PATN Risk / Return Rank: 91
PATN Sharpe Ratio Rank: 93
PATN Sortino Ratio Rank: 91
PATN Omega Ratio Rank: 91
PATN Calmar Ratio Rank: 88
PATN Martin Ratio Rank: 90

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

APIE vs. PATN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ActivePassive International Equity ETF (APIE) and Pacer Nasdaq International Patent Leaders ETF (PATN). 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.

	APIE	PATN	Difference
Sharpe ratio: Return per unit of total volatility	1.42	3.47	-2.06
Sortino ratio: Return per unit of downside risk	2.05	4.35	-2.30
Omega ratio: Gain probability vs. loss probability	1.25	1.60	-0.35
Calmar ratio: Return relative to maximum drawdown	1.84	5.11	-3.26
Martin ratio: Return relative to average drawdown	6.77	20.70	-13.93
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

APIE vs. PATN - Sharpe Ratio Comparison

The current APIE Sharpe Ratio is 1.42, which is lower than the PATN Sharpe Ratio of 3.47. The chart below compares the historical Sharpe Ratios of APIE and PATN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	APIE	PATN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.42	3.47	-2.06
Sharpe Ratio (All Time) Calculated using the full available price history	1.05	2.28	-1.23

Drawdowns

APIE vs. PATN - Drawdown Comparison

The maximum APIE drawdown since its inception was -15.94%, roughly equal to the maximum PATN drawdown of -16.77%. Use the drawdown chart below to compare losses from any high point for APIE and PATN.

Drawdown Indicators

	APIE	PATN	Difference
Max Drawdown Largest peak-to-trough decline	-15.94%	-16.77%	+0.83%
Max Drawdown (1Y) Largest decline over 1 year	-12.41%	-14.40%	+1.99%
Max Drawdown (3Y) Largest decline over 3 years	-15.94%	—	—
Current Drawdown Current decline from peak	-1.51%	-0.39%	-1.12%
Average Drawdown Average peak-to-trough decline	-2.76%	-3.15%	+0.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.37%	3.55%	-0.18%

Volatility

APIE vs. PATN - Volatility Comparison

The current volatility for ActivePassive International Equity ETF (APIE) is 5.51%, while Pacer Nasdaq International Patent Leaders ETF (PATN) has a volatility of 8.84%. This indicates that APIE experiences smaller price fluctuations and is considered to be less risky than PATN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	APIE	PATN	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.51%	8.84%	-3.33%
Volatility (6M) Calculated over the trailing 6-month period	13.05%	18.16%	-5.11%
Volatility (1Y) Calculated over the trailing 1-year period	16.16%	21.18%	-5.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.83%	20.85%	-4.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.83%	20.85%	-4.02%

APIE vs. PATN - Expense Ratio Comparison

APIE has a 0.45% expense ratio, which is lower than PATN's 0.65% expense ratio.

Dividends

APIE vs. PATN - Dividend Comparison

APIE's dividend yield for the trailing twelve months is around 3.43%, more than PATN's 1.60% yield.

Position	TTM	2025	2024	2023
APIE ActivePassive International Equity ETF	3.43%	3.71%	2.14%	0.63%
PATN Pacer Nasdaq International Patent Leaders ETF	1.60%	2.25%	0.30%	0.00%

Frequently Asked Questions

Can I hold both APIE and PATN in my portfolio?

APIE and PATN have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, APIE or PATN?

PATN has higher volatility (8.84%) compared to APIE (5.51%). In terms of maximum drawdown, APIE dropped -15.94% vs PATN's -16.77%.

Which ETF is better, APIE or PATN?

On 1-year performance, PATN leads with 73.16% vs 22.79% for APIE. On fees, APIE is cheaper at 0.45% per year. On volatility, APIE has been the lower-risk option at 5.51%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, APIE or PATN?

Over the 1-year period, PATN has performed better with a 73.16% return vs 22.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, APIE or PATN?

APIE is cheaper with a 0.45% expense ratio, compared with 0.65% for PATN.

Which ETF pays a higher dividend yield, APIE or PATN?

APIE has the higher dividend yield at 3.43%, compared with 1.60% for PATN.

What is the main difference between APIE and PATN?

They also come from different issuers: ActivePassive and Pacer. Their fees differ too: 0.45% for APIE and 0.65% for PATN.

Which has better risk-adjusted returns?

PATN currently has the higher Sharpe Ratio (3.47 vs 1.42), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.