FIVA vs. PATN

Last updated Aug 5, 2026

FIVA (Fidelity International Value Factor ETF) and PATN (Pacer Nasdaq International Patent Leaders ETF) are both Foreign Large Cap Equities funds - FIVA tracks the Fidelity International Value Factor Index while PATN tracks the Nasdaq International Patent Leaders Index. Both are passively managed. Over the past year, FIVA returned 39.55% vs 55.03% for PATN. Their correlation of 0.80 means they have usually moved in the same direction. FIVA charges 0.18%/yr vs 0.65%/yr for PATN.

Performance

FIVA vs. PATN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity International Value Factor ETF (FIVA) 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, FIVA achieves a 18.57% return, which is significantly lower than PATN's 32.10% return.

FIVA

• 1D: 0.87%
• 1M: 3.50%
• 6M: 9.84%
• YTD: 18.57%
• 1Y: 39.55%
• 3Y*: 23.13%
• 5Y*: 14.16%
• 10Y*: —
• ALL TIME*: 9.21%

PATN

• 1D: 2.61%
• 1M: -0.81%
• 6M: 20.35%
• YTD: 32.10%
• 1Y: 55.03%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 37.46%

*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)
FIVA Fidelity International Value Factor ETF	$3.16M	$3.09M	$3.15M
PATN Pacer Nasdaq International Patent Leaders ETF	$6.28M	$4.68M	$3.82M

FIVA vs. PATN - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FIVA Fidelity International Value Factor ETF	18.57%	45.83%	-6.34%
PATN Pacer Nasdaq International Patent Leaders ETF	32.10%	40.01%	-1.73%

Correlation

The correlation between FIVA and PATN is 0.78, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.78
Correlation (All Time) Calculated using the full available price history since Sep 17, 2024	0.80

The correlation between FIVA and PATN has been stable across timeframes, ranging from 0.78 to 0.80 - a consistent structural relationship.

FIVA vs. PATN - Sectors Allocation Comparison

Sectors	FIVA	PATN
Financial Services	26.1%	0.7%
Industrials	17.9%	17.5%
Technology	15.8%	43.9%
Healthcare	8.3%	9.5%
Basic Materials	7.1%	3.2%
Consumer Cyclical	6.9%	10.5%
Consumer Defensive	5.4%	6.2%
Energy	4.8%	0.9%
Utilities	3.4%	-
Communication Services	2.8%	7.0%
Real Estate	1.6%	-

Return for Risk

FIVA vs. PATN — Risk / Return Rank

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

FIVA

FIVA Risk / Return Rank: 88
FIVA Sharpe Ratio Rank: 91
FIVA Sortino Ratio Rank: 90
FIVA Omega Ratio Rank: 88
FIVA Calmar Ratio Rank: 83
FIVA Martin Ratio Rank: 86

PATN

PATN Risk / Return Rank: 82
PATN Sharpe Ratio Rank: 84
PATN Sortino Ratio Rank: 76
PATN Omega Ratio Rank: 82
PATN Calmar Ratio Rank: 87
PATN Martin Ratio Rank: 81

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.

FIVA vs. PATN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity International Value Factor ETF (FIVA) 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.

	FIVA	PATN	Difference
Sharpe ratio: Return per unit of total volatility	2.49	2.18	+0.31
Sortino ratio: Return per unit of downside risk	3.41	2.77	+0.63
Omega ratio: Gain probability vs. loss probability	1.43	1.39	+0.05
Calmar ratio: Return relative to maximum drawdown	3.39	3.84	-0.45
Martin ratio: Return relative to average drawdown	13.44	11.99	+1.45

FIVA vs. PATN - Sharpe Ratio Comparison

The current FIVA Sharpe Ratio is 2.49, which is comparable to the PATN Sharpe Ratio of 2.18. The chart below compares the historical Sharpe Ratios of FIVA 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

FIVA vs. PATN - Drawdown Comparison

The maximum FIVA drawdown since its inception was -39.76%, which is greater than PATN's maximum drawdown of -16.77%. Use the drawdown chart below to compare losses from any high point for FIVA and PATN.

Drawdown Indicators

	FIVA	PATN	Difference
Max Drawdown Largest peak-to-trough decline	-39.76%	-16.77%	-22.99%
Max Drawdown (1Y) Largest decline over 1 year	-11.71%	-14.40%	+2.69%
Max Drawdown (3Y) Largest decline over 3 years	-14.77%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-28.70%	—	—
Current Drawdown Current decline from peak	0.00%	-6.98%	+6.98%
Average Drawdown Average peak-to-trough decline	-7.64%	-3.45%	-4.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.95%	4.60%	-1.65%

Volatility

FIVA vs. PATN - Volatility Comparison

The current volatility for Fidelity International Value Factor ETF (FIVA) is 4.36%, while Pacer Nasdaq International Patent Leaders ETF (PATN) has a volatility of 8.78%. This indicates that FIVA 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

	FIVA	PATN	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.36%	8.78%	-4.42%
Volatility (6M) Calculated over the trailing 6-month period	13.77%	22.98%	-9.21%
Volatility (1Y) Calculated over the trailing 1-year period	16.00%	25.44%	-9.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.46%	22.74%	-6.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.91%	22.74%	-4.83%

FIVA vs. PATN - Expense Ratio Comparison

FIVA has a 0.18% expense ratio, which is lower than PATN's 0.65% expense ratio.

Dividends

FIVA vs. PATN - Dividend Comparison

FIVA's dividend yield for the trailing twelve months is around 2.54%, more than PATN's 1.64% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
FIVA Fidelity International Value Factor ETF	2.54%	2.68%	3.52%	3.63%	3.62%	3.76%	2.46%	3.61%	3.28%
PATN Pacer Nasdaq International Patent Leaders ETF	1.64%	2.25%	0.30%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FIVA and PATN in my portfolio?

FIVA and PATN have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FIVA or PATN?

PATN has higher volatility (8.78%) compared to FIVA (4.36%). In terms of maximum drawdown, FIVA dropped -39.76% vs PATN's -16.77%.

Which ETF is better, FIVA or PATN?

On 1-year performance, PATN leads with 55.03% vs 39.55% for FIVA. On fees, FIVA is cheaper at 0.18% per year. On volatility, FIVA has been the lower-risk option at 4.36%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FIVA or PATN?

Over the 1-year period, PATN has performed better with a 55.03% return vs 39.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FIVA or PATN?

FIVA is cheaper with a 0.18% expense ratio, compared with 0.65% for PATN.

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

FIVA has the higher dividend yield at 2.54%, compared with 1.64% for PATN.

What is the main difference between FIVA and PATN?

FIVA tracks Fidelity International Value Factor Index, while PATN tracks Nasdaq International Patent Leaders Index. They also come from different issuers: Fidelity and Pacer. Their fees differ too: 0.18% for FIVA and 0.65% for PATN.

Which has better risk-adjusted returns?

FIVA currently has the higher Sharpe Ratio (2.49 vs 2.18), 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.