EAFG vs. PATN

Last updated Jun 4, 2026

EAFG (Pacer Developed Markets Cash Cows Growth Leaders ETF) and PATN (Pacer Nasdaq International Patent Leaders ETF) are both Foreign Large Cap Equities funds from Pacer - EAFG tracks the Pacer Developed Markets Cash Cows Growth Leaders Index while PATN tracks the Nasdaq International Patent Leaders Index. Both are passively managed. Over the past year, EAFG returned 24.58% vs 73.16% for PATN. Their correlation of 0.83 suggests significant overlap in exposure. Both charge a 0.65% expense ratio.

Performance

EAFG vs. PATN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer Developed Markets Cash Cows Growth Leaders ETF (EAFG) 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, EAFG achieves a 10.66% return, which is significantly lower than PATN's 40.52% return.

EAFG

• 1D: 0.09%
• 1M: 3.24%
• YTD: 10.66%
• 6M: 13.09%
• 1Y: 24.58%
• 3Y*: —
• 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)

EAFG vs. PATN - Yearly Performance Comparison

	2026 (YTD)	2025	2024
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF	10.66%	26.39%	-5.77%
PATN Pacer Nasdaq International Patent Leaders ETF	40.52%	40.01%	-1.73%

Correlation

The correlation between EAFG 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 18, 2024	0.83

The correlation between EAFG and PATN has been stable across timeframes, ranging from 0.83 to 0.84 - a consistent structural relationship.

EAFG vs. PATN - Sectors Allocation Comparison

Sectors	EAFG	PATN
Technology	21.2%	41.1%
Basic Materials	17.0%	2.9%
Industrials	15.1%	16.4%
Healthcare	11.2%	12.5%
Communication Services	9.5%	8.4%
Consumer Cyclical	9.5%	9.0%
Consumer Defensive	6.8%	6.3%
Energy	2.4%	2.1%
Utilities	0.5%	-
Financial Services	0.5%	0.8%
Real Estate	-	-

Return for Risk

EAFG vs. PATN — Risk / Return Rank

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

EAFG

EAFG Risk / Return Rank: 41
EAFG Sharpe Ratio Rank: 42
EAFG Sortino Ratio Rank: 40
EAFG Omega Ratio Rank: 39
EAFG Calmar Ratio Rank: 40
EAFG Martin Ratio Rank: 45

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.

EAFG vs. PATN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer Developed Markets Cash Cows Growth Leaders ETF (EAFG) 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.

	EAFG	PATN	Difference
Sharpe ratio: Return per unit of total volatility	1.43	3.47	-2.04
Sortino ratio: Return per unit of downside risk	2.03	4.35	-2.32
Omega ratio: Gain probability vs. loss probability	1.25	1.60	-0.35
Calmar ratio: Return relative to maximum drawdown	1.94	5.11	-3.17
Martin ratio: Return relative to average drawdown	7.26	20.70	-13.44
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EAFG vs. PATN - Sharpe Ratio Comparison

The current EAFG Sharpe Ratio is 1.43, which is lower than the PATN Sharpe Ratio of 3.47. The chart below compares the historical Sharpe Ratios of EAFG 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

	EAFG	PATN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.43	3.47	-2.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.78	2.28	-1.50

Drawdowns

EAFG vs. PATN - Drawdown Comparison

The maximum EAFG drawdown since its inception was -16.47%, roughly equal to the maximum PATN drawdown of -16.77%. Use the drawdown chart below to compare losses from any high point for EAFG and PATN.

Drawdown Indicators

	EAFG	PATN	Difference
Max Drawdown Largest peak-to-trough decline	-16.47%	-16.77%	+0.30%
Max Drawdown (1Y) Largest decline over 1 year	-12.71%	-14.40%	+1.69%
Current Drawdown Current decline from peak	-2.47%	-0.39%	-2.08%
Average Drawdown Average peak-to-trough decline	-3.19%	-3.15%	-0.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.39%	3.55%	-0.16%

Volatility

EAFG vs. PATN - Volatility Comparison

The current volatility for Pacer Developed Markets Cash Cows Growth Leaders ETF (EAFG) is 5.77%, while Pacer Nasdaq International Patent Leaders ETF (PATN) has a volatility of 8.84%. This indicates that EAFG 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

	EAFG	PATN	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.77%	8.84%	-3.07%
Volatility (6M) Calculated over the trailing 6-month period	14.64%	18.16%	-3.52%
Volatility (1Y) Calculated over the trailing 1-year period	17.26%	21.18%	-3.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.24%	20.85%	-3.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.24%	20.85%	-3.61%

EAFG vs. PATN - Expense Ratio Comparison

Both EAFG and PATN have an expense ratio of 0.65%.

Dividends

EAFG vs. PATN - Dividend Comparison

EAFG's dividend yield for the trailing twelve months is around 1.23%, less than PATN's 1.60% yield.

Position	TTM	2025	2024
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF	1.23%	1.31%	1.99%
PATN Pacer Nasdaq International Patent Leaders ETF	1.60%	2.25%	0.30%

Frequently Asked Questions

Can I hold both EAFG and PATN in my portfolio?

EAFG 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, EAFG or PATN?

PATN has higher volatility (8.84%) compared to EAFG (5.77%). In terms of maximum drawdown, EAFG dropped -16.47% vs PATN's -16.77%.

Which ETF is better, EAFG or PATN?

On 1-year performance, PATN leads with 73.16% vs 24.58% for EAFG. Both ETFs have the same 0.65% expense ratio. On volatility, EAFG has been the lower-risk option at 5.77%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EAFG or PATN?

Over the 1-year period, PATN has performed better with a 73.16% return vs 24.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EAFG or PATN?

EAFG and PATN have the same expense ratio: 0.65% per year.

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

PATN has the higher dividend yield at 1.60%, compared with 1.23% for EAFG.

What is the main difference between EAFG and PATN?

EAFG tracks Pacer Developed Markets Cash Cows Growth Leaders Index, while PATN tracks Nasdaq International Patent Leaders Index.

Which has better risk-adjusted returns?

PATN currently has the higher Sharpe Ratio (3.47 vs 1.43), 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.