MTRA vs. PATN

Last updated Jun 6, 2026

MTRA (Invesco International Growth Focus ETF) and PATN (Pacer Nasdaq International Patent Leaders ETF) are both Foreign Large Cap Equities funds. Their correlation of 0.87 suggests significant overlap in exposure. MTRA charges 0.54%/yr vs 0.65%/yr for PATN.

Performance

MTRA vs. PATN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco International Growth Focus ETF (MTRA) 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, MTRA achieves a -1.53% return, which is significantly lower than PATN's 29.97% return.

MTRA

• 1D: -4.59%
• 1M: -3.34%
• YTD: -1.53%
• 6M: -1.20%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PATN

• 1D: -6.78%
• 1M: 1.63%
• YTD: 29.97%
• 6M: 31.67%
• 1Y: 58.52%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MTRA vs. PATN - Yearly Performance Comparison

	2026 (YTD)	2025
MTRA Invesco International Growth Focus ETF	-1.53%	4.90%
PATN Pacer Nasdaq International Patent Leaders ETF	29.97%	20.52%

Correlation

The correlation between MTRA and PATN is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 12, 2025	0.87

Return for Risk

MTRA vs. PATN — Risk / Return Rank

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

PATN

PATN Risk / Return Rank: 82
PATN Sharpe Ratio Rank: 85
PATN Sortino Ratio Rank: 78
PATN Omega Ratio Rank: 83
PATN Calmar Ratio Rank: 82
PATN Martin Ratio Rank: 84

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.

MTRA vs. PATN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco International Growth Focus ETF (MTRA) 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.

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

Sharpe Ratios by Period

	MTRA	PATN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.64	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.19	1.89	-1.70

Drawdowns

MTRA vs. PATN - Drawdown Comparison

The maximum MTRA drawdown since its inception was -15.77%, smaller than the maximum PATN drawdown of -16.77%. Use the drawdown chart below to compare losses from any high point for MTRA and PATN.

Drawdown Indicators

	MTRA	PATN	Difference
Max Drawdown Largest peak-to-trough decline	-15.77%	-16.77%	+1.00%
Max Drawdown (1Y) Largest decline over 1 year	—	-14.40%	—
Current Drawdown Current decline from peak	-6.85%	-7.88%	+1.03%
Average Drawdown Average peak-to-trough decline	-3.81%	-3.16%	-0.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.58%	—

Volatility

Volatility by Period

	MTRA	PATN	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	11.04%	—
Volatility (6M) Calculated over the trailing 6-month period	—	19.60%	—
Volatility (1Y) Calculated over the trailing 1-year period	17.79%	22.31%	-4.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.79%	21.48%	-3.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.79%	21.48%	-3.69%

MTRA vs. PATN - Expense Ratio Comparison

MTRA has a 0.54% expense ratio, which is lower than PATN's 0.65% expense ratio.

Dividends

MTRA vs. PATN - Dividend Comparison

MTRA's dividend yield for the trailing twelve months is around 0.70%, less than PATN's 1.67% yield.

Position	TTM	2025	2024
MTRA Invesco International Growth Focus ETF	0.70%	0.69%	0.00%
PATN Pacer Nasdaq International Patent Leaders ETF	1.67%	2.25%	0.30%

Frequently Asked Questions

Can I hold both MTRA and PATN in my portfolio?

MTRA and PATN have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MTRA or PATN?

On fees, MTRA is cheaper at 0.54% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MTRA or PATN?

MTRA is cheaper with a 0.54% expense ratio, compared with 0.65% for PATN.

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

PATN has the higher dividend yield at 1.67%, compared with 0.70% for MTRA.

What is the main difference between MTRA and PATN?

They also come from different issuers: Invesco and Pacer. Their fees differ too: 0.54% for MTRA and 0.65% for PATN.