ITOL vs. PATN

Last updated Jul 11, 2026

ITOL (Tema International Durable Quality ETF) and PATN (Pacer Nasdaq International Patent Leaders ETF) are both Foreign Large Cap Equities funds. ITOL is actively managed, while PATN is passively managed. A 0.70 correlation means they provide meaningful diversification when combined. ITOL charges 0.60%/yr vs 0.65%/yr for PATN.

Performance

ITOL vs. PATN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tema International Durable Quality ETF (ITOL) 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, ITOL achieves a 0.58% return, which is significantly lower than PATN's 34.37% return.

ITOL

• 1D: 0.00%
• 1M: 0.00%
• 6M: -2.23%
• YTD: 0.58%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PATN

• 1D: 0.00%
• 1M: -0.49%
• 6M: 27.41%
• YTD: 34.37%
• 1Y: 58.61%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ITOL vs. PATN - Yearly Performance Comparison

	2026 (YTD)	2025
ITOL Tema International Durable Quality ETF	0.58%	3.85%
PATN Pacer Nasdaq International Patent Leaders ETF	34.37%	10.05%

Correlation

The correlation between ITOL and PATN is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 11, 2025	0.70

Return for Risk

ITOL vs. PATN — Risk / Return Rank

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

ITOL

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

PATN

PATN Risk / Return Rank: 87
PATN Sharpe Ratio Rank: 90
PATN Sortino Ratio Rank: 84
PATN Omega Ratio Rank: 88
PATN Calmar Ratio Rank: 88
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.

ITOL vs. PATN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tema International Durable Quality ETF (ITOL) 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.

	ITOL	PATN	Difference
Sharpe ratio: Return per unit of total volatility	—	2.38	—
Sortino ratio: Return per unit of downside risk	—	2.98	—
Omega ratio: Gain probability vs. loss probability	—	1.43	—
Calmar ratio: Return relative to maximum drawdown	—	4.02	—
Martin ratio: Return relative to average drawdown	—	15.01	—

Drawdowns

ITOL vs. PATN - Drawdown Comparison

The maximum ITOL drawdown since its inception was -15.54%, smaller than the maximum PATN drawdown of -16.77%. Use the drawdown chart below to compare losses from any high point for ITOL and PATN.

Drawdown Indicators

	ITOL	PATN	Difference
Max Drawdown Largest peak-to-trough decline	-15.54%	-16.77%	+1.23%
Max Drawdown (1Y) Largest decline over 1 year	—	-14.40%	—
Current Drawdown Current decline from peak	-5.46%	-5.38%	-0.08%
Average Drawdown Average peak-to-trough decline	-3.80%	-3.21%	-0.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.85%	—

Volatility

Volatility by Period

	ITOL	PATN	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	10.84%	—
Volatility (6M) Calculated over the trailing 6-month period	—	21.92%	—
Volatility (1Y) Calculated over the trailing 1-year period	16.74%	24.37%	-7.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.74%	22.37%	-5.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.74%	22.37%	-5.63%

ITOL vs. PATN - Expense Ratio Comparison

ITOL has a 0.60% expense ratio, which is lower than PATN's 0.65% expense ratio.

Dividends

ITOL vs. PATN - Dividend Comparison

ITOL's dividend yield for the trailing twelve months is around 0.13%, less than PATN's 1.62% yield.

Position	TTM	2025	2024
ITOL Tema International Durable Quality ETF	0.13%	0.13%	0.00%
PATN Pacer Nasdaq International Patent Leaders ETF	1.62%	2.25%	0.30%

Frequently Asked Questions

Can I hold both ITOL and PATN in my portfolio?

ITOL and PATN have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ITOL or PATN?

On fees, ITOL is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ITOL or PATN?

ITOL is cheaper with a 0.60% expense ratio, compared with 0.65% for PATN.

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

PATN has the higher dividend yield at 1.62%, compared with 0.13% for ITOL.

What is the main difference between ITOL and PATN?

They also come from different issuers: Tema and Pacer. Their fees differ too: 0.60% for ITOL and 0.65% for PATN.