PATN vs. IDHQ
PATN (Pacer Nasdaq International Patent Leaders ETF) and IDHQ (Invesco S&P International Developed High Quality ETF) are both Foreign Large Cap Equities funds - PATN tracks the Nasdaq International Patent Leaders Index while IDHQ tracks the IDHQ-US - S&P Quality Developed Ex-U.S. LargeMidCap Index. Both are passively managed. Over the past year, PATN returned 65.39% vs 36.24% for IDHQ. Their correlation of 0.86 suggests significant overlap in exposure. PATN charges 0.65%/yr vs 0.29%/yr for IDHQ.
Performance
PATN vs. IDHQ - Performance Comparison
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Returns By Period
In the year-to-date period, PATN achieves a 34.64% return, which is significantly higher than IDHQ's 23.16% return.
PATN
- 1D
- -5.19%
- 1M
- 4.01%
- YTD
- 34.64%
- 6M
- 35.70%
- 1Y
- 65.39%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IDHQ
- 1D
- -3.06%
- 1M
- 6.76%
- YTD
- 23.16%
- 6M
- 22.77%
- 1Y
- 36.24%
- 3Y*
- 20.04%
- 5Y*
- 9.28%
- 10Y*
- 11.04%
PATN vs. IDHQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
PATN Pacer Nasdaq International Patent Leaders ETF | 34.64% | 40.01% | -1.73% |
IDHQ Invesco S&P International Developed High Quality ETF | 23.16% | 27.46% | -9.67% |
Correlation
The correlation between PATN and IDHQ is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Sep 17, 2024 | 0.86 |
The correlation between PATN and IDHQ has been stable across timeframes, ranging from 0.86 to 0.88 - a consistent structural relationship.
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Return for Risk
PATN vs. IDHQ — Risk / Return Rank
PATN
IDHQ
PATN vs. IDHQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacer Nasdaq International Patent Leaders ETF (PATN) and Invesco S&P International Developed High Quality ETF (IDHQ). 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 | IDHQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.98 | ||
| Sortino ratioReturn per unit of downside risk | +0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.33 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 4.56 | 2.71 | +1.86 |
| Martin ratioReturn relative to average drawdown | 17.76 | 10.71 | +7.05 |
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Drawdowns
PATN vs. IDHQ - Drawdown Comparison
The maximum PATN drawdown since its inception was -16.77%, smaller than the maximum IDHQ drawdown of -73.84%. Use the drawdown chart below to compare losses from any high point for PATN and IDHQ.
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Drawdown Indicators
| PATN | IDHQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.77% | -73.84% | +57.07% |
Max Drawdown (1Y)Largest decline over 1 year | -14.40% | -13.44% | -0.96% |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.07% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -33.54% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.54% | — |
Current DrawdownCurrent decline from peak | -5.19% | -3.06% | -2.13% |
Average DrawdownAverage peak-to-trough decline | -3.17% | -21.14% | +17.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.69% | 3.39% | +0.30% |
Volatility
PATN vs. IDHQ - Volatility Comparison
Pacer Nasdaq International Patent Leaders ETF (PATN) has a higher volatility of 12.88% compared to Invesco S&P International Developed High Quality ETF (IDHQ) at 10.09%. This indicates that PATN's price experiences larger fluctuations and is considered to be riskier than IDHQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PATN | IDHQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.88% | 10.09% | +2.79% |
Volatility (6M)Calculated over the trailing 6-month period | 21.37% | 18.76% | +2.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.92% | 20.63% | +3.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.26% | 17.85% | +4.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.26% | 17.99% | +4.27% |
PATN vs. IDHQ - Expense Ratio Comparison
PATN has a 0.65% expense ratio, which is higher than IDHQ's 0.29% expense ratio.
Dividends
PATN vs. IDHQ - Dividend Comparison
PATN's dividend yield for the trailing twelve months is around 1.61%, less than IDHQ's 2.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IDHQ Invesco S&P International Developed High Quality ETF | 2.06% | 2.46% | 2.41% | 2.52% | 3.33% | 2.10% | 1.60% | 2.10% | 2.67% | 1.68% | 2.36% | 1.71% |
PATN Pacer Nasdaq International Patent Leaders ETF | 1.61% | 2.25% | 0.30% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PATN and IDHQ have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PATN has higher volatility (12.88%) compared to IDHQ (10.09%). In terms of maximum drawdown, PATN dropped -16.77% vs IDHQ's -73.84%.
On 1-year performance, PATN leads with 65.39% vs 36.24% for IDHQ. On fees, IDHQ is cheaper at 0.29% per year. On volatility, IDHQ has been the lower-risk option at 10.09%. 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 65.39% return vs 36.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IDHQ is cheaper with a 0.29% expense ratio, compared with 0.65% for PATN.
IDHQ has the higher dividend yield at 2.06%, compared with 1.61% for PATN.
PATN tracks Nasdaq International Patent Leaders Index, while IDHQ tracks IDHQ-US - S&P Quality Developed Ex-U.S. LargeMidCap Index. They also come from different issuers: Pacer and Invesco. Their fees differ too: 0.65% for PATN and 0.29% for IDHQ.
PATN currently has the higher Sharpe Ratio (2.75 vs 1.77), 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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