AVIV vs. PATN

Last updated Jun 24, 2026

AVIV (Avantis International Large Cap Value ETF) and PATN (Pacer Nasdaq International Patent Leaders ETF) are both Foreign Large Cap Equities funds. AVIV is actively managed, while PATN is passively managed. Over the past year, AVIV returned 31.22% vs 65.39% for PATN. A 0.77 correlation means they provide meaningful diversification when combined. AVIV charges 0.25%/yr vs 0.65%/yr for PATN.

Performance

AVIV vs. PATN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis International Large Cap Value ETF (AVIV) 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, AVIV achieves a 10.16% return, which is significantly lower than PATN's 34.64% return.

AVIV

• 1D: -1.67%
• 1M: -0.96%
• YTD: 10.16%
• 6M: 9.57%
• 1Y: 31.22%
• 3Y*: 21.66%
• 5Y*: —
• 10Y*: —

PATN

• 1D: -5.19%
• 1M: 4.01%
• YTD: 34.64%
• 6M: 35.70%
• 1Y: 65.39%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AVIV vs. PATN - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AVIV Avantis International Large Cap Value ETF	10.16%	41.80%	-4.04%
PATN Pacer Nasdaq International Patent Leaders ETF	34.64%	40.01%	-1.73%

Correlation

The correlation between AVIV and PATN is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.76
Correlation (All Time) Calculated using the full available price history since Sep 17, 2024	0.77

The correlation between AVIV and PATN has been stable across timeframes, ranging from 0.76 to 0.77 - a consistent structural relationship.

AVIV vs. PATN - Sectors Allocation Comparison

Sectors	AVIV	PATN
Financial Services	27.3%	0.5%
Industrials	18.5%	14.8%
Energy	13.0%	2.1%
Basic Materials	12.7%	2.4%
Consumer Cyclical	10.2%	7.0%
Communication Services	4.7%	6.1%
Healthcare	4.7%	9.4%
Technology	4.0%	52.5%
Consumer Defensive	3.2%	5.2%
Real Estate	1.0%	-
Utilities	0.7%	-

Return for Risk

AVIV vs. PATN — Risk / Return Rank

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

AVIV

AVIV Risk / Return Rank: 66
AVIV Sharpe Ratio Rank: 69
AVIV Sortino Ratio Rank: 67
AVIV Omega Ratio Rank: 69
AVIV Calmar Ratio Rank: 61
AVIV Martin Ratio Rank: 65

PATN

PATN Risk / Return Rank: 87
PATN Sharpe Ratio Rank: 89
PATN Sortino Ratio Rank: 82
PATN Omega Ratio Rank: 87
PATN Calmar Ratio Rank: 87
PATN Martin Ratio Rank: 88

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.

AVIV vs. PATN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis International Large Cap Value ETF (AVIV) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AVIV	PATN	Difference
Sharpe ratio: Return per unit of total volatility	2.14	2.75	-0.61
Sortino ratio: Return per unit of downside risk	2.93	3.37	-0.44
Omega ratio: Gain probability vs. loss probability	1.39	1.49	-0.10
Calmar ratio: Return relative to maximum drawdown	2.91	4.56	-1.66
Martin ratio: Return relative to average drawdown	11.34	17.76	-6.42

AVIV vs. PATN - Sharpe Ratio Comparison

The current AVIV Sharpe Ratio is 2.14, which is comparable to the PATN Sharpe Ratio of 2.75. The chart below compares the historical Sharpe Ratios of AVIV 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.

Drawdowns

AVIV vs. PATN - Drawdown Comparison

The maximum AVIV drawdown since its inception was -27.69%, which is greater than PATN's maximum drawdown of -16.77%. Use the drawdown chart below to compare losses from any high point for AVIV and PATN.

Drawdown Indicators

	AVIV	PATN	Difference
Max Drawdown Largest peak-to-trough decline	-27.69%	-16.77%	-10.92%
Max Drawdown (1Y) Largest decline over 1 year	-10.78%	-14.40%	+3.62%
Max Drawdown (3Y) Largest decline over 3 years	-14.13%	—	—
Current Drawdown Current decline from peak	-2.59%	-5.19%	+2.60%
Average Drawdown Average peak-to-trough decline	-5.08%	-3.17%	-1.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.76%	3.69%	-0.93%

Volatility

AVIV vs. PATN - Volatility Comparison

The current volatility for Avantis International Large Cap Value ETF (AVIV) is 5.00%, while Pacer Nasdaq International Patent Leaders ETF (PATN) has a volatility of 12.88%. This indicates that AVIV 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

	AVIV	PATN	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.00%	12.88%	-7.88%
Volatility (6M) Calculated over the trailing 6-month period	12.47%	21.37%	-8.90%
Volatility (1Y) Calculated over the trailing 1-year period	14.67%	23.92%	-9.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.91%	22.26%	-5.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.91%	22.26%	-5.35%

AVIV vs. PATN - Expense Ratio Comparison

AVIV has a 0.25% expense ratio, which is lower than PATN's 0.65% expense ratio.

Dividends

AVIV vs. PATN - Dividend Comparison

AVIV's dividend yield for the trailing twelve months is around 4.01%, more than PATN's 1.61% yield.

Position	TTM	2025	2024	2023	2022	2021
AVIV Avantis International Large Cap Value ETF	4.01%	3.01%	3.46%	3.64%	2.84%	0.57%
PATN Pacer Nasdaq International Patent Leaders ETF	1.61%	2.25%	0.30%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AVIV and PATN in my portfolio?

AVIV and PATN have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AVIV or PATN?

PATN has higher volatility (12.88%) compared to AVIV (5.00%). In terms of maximum drawdown, AVIV dropped -27.69% vs PATN's -16.77%.

Which ETF is better, AVIV or PATN?

On 1-year performance, PATN leads with 65.39% vs 31.22% for AVIV. On fees, AVIV is cheaper at 0.25% per year. On volatility, AVIV has been the lower-risk option at 5.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVIV or PATN?

Over the 1-year period, PATN has performed better with a 65.39% return vs 31.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVIV or PATN?

AVIV is cheaper with a 0.25% expense ratio, compared with 0.65% for PATN.

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

AVIV has the higher dividend yield at 4.01%, compared with 1.61% for PATN.

What is the main difference between AVIV and PATN?

They also come from different issuers: Avantis and Pacer. Their fees differ too: 0.25% for AVIV and 0.65% for PATN.

Which has better risk-adjusted returns?

PATN currently has the higher Sharpe Ratio (2.75 vs 2.14), 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.