PATN vs. GSG
PATN (Pacer Nasdaq International Patent Leaders ETF) and GSG (iShares S&P GSCI Commodity-Indexed Trust) are both exchange-traded funds - PATN is a Foreign Large Cap Equities fund tracking the Nasdaq International Patent Leaders Index, while GSG is a Commodities fund tracking the S&P GSCI Total Return Index. Both are passively managed. Over the past year, PATN returned 73.16% vs 51.52% for GSG. At a correlation of -0.07, they often move in opposite directions. PATN charges 0.65%/yr vs 0.75%/yr for GSG.
Performance
PATN vs. GSG - Performance Comparison
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Returns By Period
In the year-to-date period, PATN achieves a 40.52% return, which is significantly lower than GSG's 42.58% return.
PATN
- 1D
- -0.39%
- 1M
- 16.77%
- YTD
- 40.52%
- 6M
- 44.04%
- 1Y
- 73.16%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GSG
- 1D
- 0.77%
- 1M
- -4.83%
- YTD
- 42.58%
- 6M
- 41.06%
- 1Y
- 51.52%
- 3Y*
- 19.31%
- 5Y*
- 15.74%
- 10Y*
- 7.69%
PATN vs. GSG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
PATN Pacer Nasdaq International Patent Leaders ETF | 40.52% | 40.01% | -1.73% |
GSG iShares S&P GSCI Commodity-Indexed Trust | 42.58% | 5.93% | 4.87% |
Correlation
The correlation between PATN and GSG is -0.24, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.24 |
Correlation (All Time) Calculated using the full available price history since Sep 18, 2024 | -0.07 |
The correlation between PATN and GSG shifts across timeframes, from -0.24 (1 year) to -0.07 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PATN vs. GSG — Risk / Return Rank
PATN
GSG
PATN vs. GSG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacer Nasdaq International Patent Leaders ETF (PATN) and iShares S&P GSCI Commodity-Indexed Trust (GSG). 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.
| PATN | GSG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.22 | ||
| Sortino ratioReturn per unit of downside risk | +1.47 | ||
| Omega ratioGain probability vs. loss probability | 1.60 | 1.40 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 5.11 | 5.47 | -0.37 |
| Martin ratioReturn relative to average drawdown | 20.70 | 14.39 | +6.31 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PATN | GSG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.47 | 2.26 | +1.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.70 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.35 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.28 | -0.09 | +2.36 |
Drawdowns
PATN vs. GSG - Drawdown Comparison
The maximum PATN drawdown since its inception was -16.77%, smaller than the maximum GSG drawdown of -89.62%. Use the drawdown chart below to compare losses from any high point for PATN and GSG.
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Drawdown Indicators
| PATN | GSG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.77% | -89.62% | +72.85% |
Max Drawdown (1Y)Largest decline over 1 year | -14.40% | -9.46% | -4.94% |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.94% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -29.12% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -57.64% | — |
Current DrawdownCurrent decline from peak | -0.39% | -56.95% | +56.56% |
Average DrawdownAverage peak-to-trough decline | -3.15% | -63.71% | +60.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.55% | 3.59% | -0.04% |
Volatility
PATN vs. GSG - Volatility Comparison
Pacer Nasdaq International Patent Leaders ETF (PATN) has a higher volatility of 8.84% compared to iShares S&P GSCI Commodity-Indexed Trust (GSG) at 7.65%. This indicates that PATN's price experiences larger fluctuations and is considered to be riskier than GSG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PATN | GSG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.84% | 7.65% | +1.19% |
Volatility (6M)Calculated over the trailing 6-month period | 18.16% | 20.42% | -2.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.18% | 22.95% | -1.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.85% | 22.61% | -1.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.85% | 22.03% | -1.18% |
PATN vs. GSG - Expense Ratio Comparison
PATN has a 0.65% expense ratio, which is lower than GSG's 0.75% expense ratio.
Dividends
PATN vs. GSG - Dividend Comparison
PATN's dividend yield for the trailing twelve months is around 1.60%, while GSG has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
GSG iShares S&P GSCI Commodity-Indexed Trust | 0.00% | 0.00% | 0.00% |
PATN Pacer Nasdaq International Patent Leaders ETF | 1.60% | 2.25% | 0.30% |
Frequently Asked Questions
PATN and GSG have a correlation of -0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PATN has higher volatility (8.84%) compared to GSG (7.65%). In terms of maximum drawdown, PATN dropped -16.77% vs GSG's -89.62%.
On 1-year performance, PATN leads with 73.16% vs 51.52% for GSG. On fees, PATN is cheaper at 0.65% per year. On volatility, GSG has been the lower-risk option at 7.65%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, PATN has performed better with a 73.16% return vs 51.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PATN is cheaper with a 0.65% expense ratio, compared with 0.75% for GSG.
PATN has the higher dividend yield at 1.60%, compared with 0.00% for GSG.
PATN is categorized as Foreign Large Cap Equities, while GSG is Commodities. PATN tracks Nasdaq International Patent Leaders Index, while GSG tracks S&P GSCI Total Return Index. They also come from different issuers: Pacer and iShares. Their fees differ too: 0.65% for PATN and 0.75% for GSG.
PATN currently has the higher Sharpe Ratio (3.47 vs 2.26), 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.
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