PATN vs. ENHI
PATN (Pacer Nasdaq International Patent Leaders ETF) and ENHI (iShares Enhanced International Active ETF) are both Foreign Large Cap Equities funds. PATN is passively managed, while ENHI is actively managed. Their 0.74 correlation means they have sometimes moved together and sometimes differently. PATN charges 0.65%/yr vs 0.27%/yr for ENHI.
Performance
PATN vs. ENHI - Performance Comparison
Loading charts...
Returns By Period
PATN
- 1D
- 0.45%
- 1M
- -3.93%
- 6M
- 17.30%
- YTD
- 27.96%
- 1Y
- 52.34%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 35.38%
ENHI
- 1D
- -0.54%
- 1M
- 2.09%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.84K | $460.27K | $161.82K | |
| $6.20M | $4.79M | $3.84M |
PATN vs. ENHI - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
PATN Pacer Nasdaq International Patent Leaders ETF | 15.79% |
ENHI iShares Enhanced International Active ETF | 11.65% |
Correlation
The correlation between PATN and ENHI is 0.74, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Mar 12, 2026 | 0.74 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PATN vs. ENHI — Risk / Return Rank
PATN
ENHI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PATN vs. ENHI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacer Nasdaq International Patent Leaders ETF (PATN) and iShares Enhanced International Active ETF (ENHI). 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.
| PATN | ENHI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.36 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.56 | — | — |
| Martin ratioReturn relative to average drawdown | 11.27 | — | — |
Loading charts...
Drawdowns
PATN vs. ENHI - Drawdown Comparison
The maximum PATN drawdown since its inception was -16.77%, which is greater than ENHI's maximum drawdown of -5.63%. Use the drawdown chart below to compare losses from any high point for PATN and ENHI.
Loading charts...
Drawdown Indicators
| PATN | ENHI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.77% | -5.63% | -11.14% |
Max Drawdown (1Y)Largest decline over 1 year | -14.40% | — | — |
Current DrawdownCurrent decline from peak | -9.89% | -0.54% | -9.35% |
Average DrawdownAverage peak-to-trough decline | -3.43% | -1.35% | -2.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.54% | — | — |
Volatility
PATN vs. ENHI - Volatility Comparison
Loading charts...
Volatility by Period
| PATN | ENHI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.80% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 22.88% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 25.37% | 20.45% | +4.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.72% | 20.45% | +2.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.72% | 20.45% | +2.27% |
PATN vs. ENHI - Expense Ratio Comparison
PATN has a 0.65% expense ratio, which is higher than ENHI's 0.27% expense ratio.
Dividends
PATN vs. ENHI - Dividend Comparison
PATN's dividend yield for the trailing twelve months is around 1.70%, more than ENHI's 1.17% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
ENHI iShares Enhanced International Active ETF | 1.17% | 0.00% | 0.00% |
PATN Pacer Nasdaq International Patent Leaders ETF | 1.70% | 2.25% | 0.30% |
Frequently Asked Questions
PATN and ENHI have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ENHI is cheaper at 0.27% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ENHI is cheaper with a 0.27% expense ratio, compared with 0.65% for PATN.
PATN has the higher dividend yield at 1.70%, compared with 1.17% for ENHI.
They also come from different issuers: Pacer and iShares. Their fees differ too: 0.65% for PATN and 0.27% for ENHI.
Find the right allocation for PATN and ENHI
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer