AVNV vs. PATN

Last updated Jun 23, 2026

AVNV (Avantis All International Markets Value ETF) and PATN (Pacer Nasdaq International Patent Leaders ETF) are both Foreign Large Cap Equities funds. AVNV is actively managed, while PATN is passively managed. Over the past year, AVNV returned 37.29% vs 75.77% for PATN. Their correlation of 0.84 suggests significant overlap in exposure. AVNV charges 0.34%/yr vs 0.65%/yr for PATN.

Performance

AVNV vs. PATN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis All International Markets Value ETF (AVNV) 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, AVNV achieves a 14.75% return, which is significantly lower than PATN's 42.01% return.

AVNV

• 1D: -0.06%
• 1M: 1.54%
• YTD: 14.75%
• 6M: 14.98%
• 1Y: 37.29%
• 3Y*: —
• 5Y*: —
• 10Y*: —

PATN

• 1D: 0.18%
• 1M: 9.70%
• YTD: 42.01%
• 6M: 43.79%
• 1Y: 75.77%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AVNV vs. PATN - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AVNV Avantis All International Markets Value ETF	14.75%	39.93%	-3.44%
PATN Pacer Nasdaq International Patent Leaders ETF	42.01%	40.01%	-1.73%

Correlation

The correlation between AVNV and PATN is 0.84, 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	0.84
Correlation (All Time) Calculated using the full available price history since Sep 17, 2024	0.84

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

AVNV vs. PATN - Sectors Allocation Comparison

Sectors	AVNV	PATN
Financial Services	23.2%	0.5%
Industrials	18.1%	14.8%
Basic Materials	13.8%	2.4%
Consumer Cyclical	11.4%	7.0%
Technology	10.4%	52.5%
Energy	9.6%	2.1%
Communication Services	4.3%	6.1%
Consumer Defensive	3.3%	5.2%
Healthcare	3.2%	9.4%
Real Estate	1.4%	-
Utilities	1.3%	-

Return for Risk

AVNV vs. PATN — Risk / Return Rank

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

AVNV

AVNV Risk / Return Rank: 74
AVNV Sharpe Ratio Rank: 80
AVNV Sortino Ratio Rank: 76
AVNV Omega Ratio Rank: 79
AVNV Calmar Ratio Rank: 67
AVNV Martin Ratio Rank: 68

PATN

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

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.

AVNV vs. PATN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis All International Markets Value ETF (AVNV) 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.

	AVNV	PATN	Difference
Sharpe ratio: Return per unit of total volatility	2.44	3.27	-0.83
Sortino ratio: Return per unit of downside risk	3.26	3.97	-0.71
Omega ratio: Gain probability vs. loss probability	1.45	1.58	-0.13
Calmar ratio: Return relative to maximum drawdown	3.21	5.29	-2.08
Martin ratio: Return relative to average drawdown	12.27	20.66	-8.39

AVNV vs. PATN - Sharpe Ratio Comparison

The current AVNV Sharpe Ratio is 2.44, which is comparable to the PATN Sharpe Ratio of 3.27. The chart below compares the historical Sharpe Ratios of AVNV 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

AVNV vs. PATN - Drawdown Comparison

The maximum AVNV drawdown since its inception was -13.89%, smaller than the maximum PATN drawdown of -16.77%. Use the drawdown chart below to compare losses from any high point for AVNV and PATN.

Drawdown Indicators

	AVNV	PATN	Difference
Max Drawdown Largest peak-to-trough decline	-13.89%	-16.77%	+2.88%
Max Drawdown (1Y) Largest decline over 1 year	-11.66%	-14.40%	+2.74%
Current Drawdown Current decline from peak	-0.70%	0.00%	-0.70%
Average Drawdown Average peak-to-trough decline	-2.49%	-3.16%	+0.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.05%	3.68%	-0.63%

Volatility

AVNV vs. PATN - Volatility Comparison

The current volatility for Avantis All International Markets Value ETF (AVNV) is 6.09%, while Pacer Nasdaq International Patent Leaders ETF (PATN) has a volatility of 11.59%. This indicates that AVNV 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

	AVNV	PATN	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.09%	11.59%	-5.50%
Volatility (6M) Calculated over the trailing 6-month period	13.33%	20.64%	-7.31%
Volatility (1Y) Calculated over the trailing 1-year period	15.38%	23.34%	-7.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.99%	21.92%	-6.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.99%	21.92%	-6.93%

AVNV vs. PATN - Expense Ratio Comparison

AVNV has a 0.34% expense ratio, which is lower than PATN's 0.65% expense ratio.

Dividends

AVNV vs. PATN - Dividend Comparison

AVNV's dividend yield for the trailing twelve months is around 3.89%, more than PATN's 1.53% yield.

Position	TTM	2025	2024	2023
AVNV Avantis All International Markets Value ETF	3.89%	3.14%	3.51%	1.64%
PATN Pacer Nasdaq International Patent Leaders ETF	1.53%	2.25%	0.30%	0.00%

Frequently Asked Questions

Can I hold both AVNV and PATN in my portfolio?

AVNV and PATN have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AVNV or PATN?

PATN has higher volatility (11.59%) compared to AVNV (6.09%). In terms of maximum drawdown, AVNV dropped -13.89% vs PATN's -16.77%.

Which ETF is better, AVNV or PATN?

On 1-year performance, PATN leads with 75.77% vs 37.29% for AVNV. On fees, AVNV is cheaper at 0.34% per year. On volatility, AVNV has been the lower-risk option at 6.09%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVNV or PATN?

Over the 1-year period, PATN has performed better with a 75.77% return vs 37.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVNV or PATN?

AVNV is cheaper with a 0.34% expense ratio, compared with 0.65% for PATN.

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

AVNV has the higher dividend yield at 3.89%, compared with 1.53% for PATN.

What is the main difference between AVNV and PATN?

They also come from different issuers: Avantis and Pacer. Their fees differ too: 0.34% for AVNV and 0.65% for PATN.

Which has better risk-adjusted returns?

PATN currently has the higher Sharpe Ratio (3.27 vs 2.44), 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.