EFAX vs. PATN

Last updated Aug 2, 2026

EFAX (SPDR MSCI EAFE Fossil Fuel Free ETF) and PATN (Pacer Nasdaq International Patent Leaders ETF) are both Foreign Large Cap Equities funds - EFAX tracks the MSCI EAFE ex Fossil Fuels Index while PATN tracks the Nasdaq International Patent Leaders Index. Both are passively managed. Over the past year, EFAX returned 22.63% vs 52.34% for PATN. Their correlation of 0.83 means they have usually moved in the same direction. EFAX charges 0.20%/yr vs 0.65%/yr for PATN.

Performance

EFAX vs. PATN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR MSCI EAFE Fossil Fuel Free ETF (EFAX) 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, EFAX achieves a 9.92% return, which is significantly lower than PATN's 27.96% return.

EFAX

• 1D: -0.65%
• 1M: 0.42%
• 6M: 5.51%
• YTD: 9.92%
• 1Y: 22.63%
• 3Y*: 15.98%
• 5Y*: 8.38%
• 10Y*: —
• ALL TIME*: 9.19%

PATN

• 1D: 0.45%
• 1M: -3.93%
• 6M: 17.30%
• YTD: 27.96%
• 1Y: 52.34%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 35.38%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF	$530.63K	$1.05M	$1.10M
PATN Pacer Nasdaq International Patent Leaders ETF	$6.20M	$4.79M	$3.84M

EFAX vs. PATN - Yearly Performance Comparison

	2026 (YTD)	2025	2024
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF	9.92%	31.30%	-6.59%
PATN Pacer Nasdaq International Patent Leaders ETF	27.96%	40.01%	-1.73%

Correlation

The correlation between EFAX and PATN is 0.81, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.81
Correlation (All Time) Calculated using the full available price history since Sep 17, 2024	0.83

The correlation between EFAX and PATN has been stable across timeframes, ranging from 0.81 to 0.83 - a consistent structural relationship.

EFAX vs. PATN - Sectors Allocation Comparison

Sectors	EFAX	PATN
Financial Services	26.6%	0.7%
Industrials	18.9%	17.5%
Technology	13.8%	43.9%
Healthcare	11.2%	9.5%
Consumer Cyclical	8.0%	10.5%
Consumer Defensive	7.3%	6.2%
Communication Services	4.8%	7.0%
Basic Materials	4.6%	3.2%
Utilities	3.1%	-
Real Estate	1.8%	-
Energy	0.1%	0.9%

Return for Risk

EFAX vs. PATN — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

EFAX

EFAX Risk / Return Rank: 56
EFAX Sharpe Ratio Rank: 58
EFAX Sortino Ratio Rank: 58
EFAX Omega Ratio Rank: 57
EFAX Calmar Ratio Rank: 50
EFAX Martin Ratio Rank: 57

PATN

PATN Risk / Return Rank: 84
PATN Sharpe Ratio Rank: 86
PATN Sortino Ratio Rank: 80
PATN Omega Ratio Rank: 84
PATN Calmar Ratio Rank: 88
PATN Martin Ratio Rank: 83

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

EFAX vs. PATN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI EAFE Fossil Fuel Free ETF (EFAX) 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.

	EFAX	PATN	Difference
Sharpe ratio: Return per unit of total volatility	1.37	2.02	-0.66
Sortino ratio: Return per unit of downside risk	1.99	2.62	-0.63
Omega ratio: Gain probability vs. loss probability	1.25	1.36	-0.11
Calmar ratio: Return relative to maximum drawdown	1.81	3.56	-1.75
Martin ratio: Return relative to average drawdown	6.72	11.27	-4.55

EFAX vs. PATN - Sharpe Ratio Comparison

The current EFAX Sharpe Ratio is 1.37, which is lower than the PATN Sharpe Ratio of 2.02. The chart below compares the historical Sharpe Ratios of EFAX 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

EFAX vs. PATN - Drawdown Comparison

The maximum EFAX drawdown since its inception was -32.53%, which is greater than PATN's maximum drawdown of -16.77%. Use the drawdown chart below to compare losses from any high point for EFAX and PATN.

Drawdown Indicators

	EFAX	PATN	Difference
Max Drawdown Largest peak-to-trough decline	-32.53%	-16.77%	-15.76%
Max Drawdown (1Y) Largest decline over 1 year	-12.38%	-14.40%	+2.02%
Max Drawdown (3Y) Largest decline over 3 years	-13.52%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-31.67%	—	—
Current Drawdown Current decline from peak	-0.65%	-9.89%	+9.24%
Average Drawdown Average peak-to-trough decline	-6.88%	-3.43%	-3.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.34%	4.54%	-1.20%

Volatility

EFAX vs. PATN - Volatility Comparison

The current volatility for SPDR MSCI EAFE Fossil Fuel Free ETF (EFAX) is 4.92%, while Pacer Nasdaq International Patent Leaders ETF (PATN) has a volatility of 8.80%. This indicates that EFAX 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

	EFAX	PATN	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.92%	8.80%	-3.88%
Volatility (6M) Calculated over the trailing 6-month period	14.42%	22.88%	-8.46%
Volatility (1Y) Calculated over the trailing 1-year period	16.46%	25.37%	-8.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.83%	22.72%	-5.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.12%	22.72%	-5.60%

EFAX vs. PATN - Expense Ratio Comparison

EFAX has a 0.20% expense ratio, which is lower than PATN's 0.65% expense ratio.

Dividends

EFAX vs. PATN - Dividend Comparison

EFAX's dividend yield for the trailing twelve months is around 3.12%, more than PATN's 1.70% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF	3.12%	3.31%	2.74%	2.71%	2.81%	2.58%	1.69%	2.71%	3.05%	2.89%	0.26%
PATN Pacer Nasdaq International Patent Leaders ETF	1.70%	2.25%	0.30%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EFAX and PATN in my portfolio?

EFAX and PATN have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EFAX or PATN?

PATN has higher volatility (8.80%) compared to EFAX (4.92%). In terms of maximum drawdown, EFAX dropped -32.53% vs PATN's -16.77%.

Which ETF is better, EFAX or PATN?

On 1-year performance, PATN leads with 52.34% vs 22.63% for EFAX. On fees, EFAX is cheaper at 0.20% per year. On volatility, EFAX has been the lower-risk option at 4.92%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EFAX or PATN?

Over the 1-year period, PATN has performed better with a 52.34% return vs 22.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EFAX or PATN?

EFAX is cheaper with a 0.20% expense ratio, compared with 0.65% for PATN.

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

EFAX has the higher dividend yield at 3.12%, compared with 1.70% for PATN.

What is the main difference between EFAX and PATN?

EFAX tracks MSCI EAFE ex Fossil Fuels Index, while PATN tracks Nasdaq International Patent Leaders Index. They also come from different issuers: State Street and Pacer. Their fees differ too: 0.20% for EFAX and 0.65% for PATN.

Which has better risk-adjusted returns?

PATN currently has the higher Sharpe Ratio (2.02 vs 1.37), 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.