PIEL vs. PATN

Last updated Jun 6, 2026

PIEL (Pacer International Export Leaders ETF) and PATN (Pacer Nasdaq International Patent Leaders ETF) are both Foreign Large Cap Equities funds from Pacer - PIEL tracks the Pacer International Export Leaders Index while PATN tracks the Nasdaq International Patent Leaders Index. Both are passively managed. Their correlation of 0.92 suggests significant overlap in exposure. PIEL charges 0.60%/yr vs 0.65%/yr for PATN.

Performance

PIEL vs. PATN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer International Export Leaders ETF (PIEL) 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, PIEL achieves a 8.89% return, which is significantly lower than PATN's 29.97% return.

PIEL

• 1D: -5.07%
• 1M: 0.19%
• YTD: 8.89%
• 6M: —
• 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)

PIEL vs. PATN - Yearly Performance Comparison

	2026 (YTD)	2025
PIEL Pacer International Export Leaders ETF	8.89%	-0.43%
PATN Pacer Nasdaq International Patent Leaders ETF	29.97%	0.79%

Correlation

The correlation between PIEL and PATN is 0.92, 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 Dec 24, 2025	0.92

Return for Risk

PIEL 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.

PIEL vs. PATN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer International Export Leaders ETF (PIEL) 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

	PIEL	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	0.83	1.89	-1.06

Drawdowns

PIEL vs. PATN - Drawdown Comparison

The maximum PIEL drawdown since its inception was -14.67%, smaller than the maximum PATN drawdown of -16.77%. Use the drawdown chart below to compare losses from any high point for PIEL and PATN.

Drawdown Indicators

	PIEL	PATN	Difference
Max Drawdown Largest peak-to-trough decline	-14.67%	-16.77%	+2.10%
Max Drawdown (1Y) Largest decline over 1 year	—	-14.40%	—
Current Drawdown Current decline from peak	-5.53%	-7.88%	+2.35%
Average Drawdown Average peak-to-trough decline	-3.71%	-3.16%	-0.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.58%	—

Volatility

Volatility by Period

	PIEL	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	24.11%	22.31%	+1.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.11%	21.48%	+2.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.11%	21.48%	+2.63%

PIEL vs. PATN - Expense Ratio Comparison

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

Dividends

PIEL vs. PATN - Dividend Comparison

PIEL has not paid dividends to shareholders, while PATN's dividend yield for the trailing twelve months is around 1.67%.

Position	TTM	2025	2024
PATN Pacer Nasdaq International Patent Leaders ETF	1.67%	2.25%	0.30%
PIEL Pacer International Export Leaders ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PIEL and PATN in my portfolio?

With a correlation of 0.92, PIEL and PATN move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, PIEL or PATN?

On fees, PIEL 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, PIEL or PATN?

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

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

PATN has the higher dividend yield at 1.67%, compared with 0.00% for PIEL.

What is the main difference between PIEL and PATN?

PIEL tracks Pacer International Export Leaders Index, while PATN tracks Nasdaq International Patent Leaders Index. Their fees differ too: 0.60% for PIEL and 0.65% for PATN.