PZIV vs. PATN

Last updated Jul 16, 2026

PZIV (Pzena International Value ETF) and PATN (Pacer Nasdaq International Patent Leaders ETF) are both Foreign Large Cap Equities funds. PZIV is actively managed, while PATN is passively managed. A 0.63 correlation means they provide meaningful diversification when combined. PZIV charges 0.70%/yr vs 0.65%/yr for PATN.

Performance

PZIV vs. PATN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pzena International Value ETF (PZIV) and Pacer Nasdaq International Patent Leaders ETF (PATN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PZIV

• 1D: 0.66%
• 1M: 2.02%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PATN

• 1D: -0.34%
• 1M: -5.57%
• 6M: 23.50%
• YTD: 31.21%
• 1Y: 54.94%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PZIV vs. PATN - Yearly Performance Comparison

	2026 (YTD)
PZIV Pzena International Value ETF	13.24%
PATN Pacer Nasdaq International Patent Leaders ETF	24.47%

Correlation

The correlation between PZIV and PATN is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 1, 2026	0.63

Return for Risk

PZIV vs. PATN — Risk / Return Rank

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

PZIV

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

PATN

PATN Risk / Return Rank: 84
PATN Sharpe Ratio Rank: 86
PATN Sortino Ratio Rank: 79
PATN Omega Ratio Rank: 85
PATN Calmar Ratio Rank: 86
PATN Martin Ratio Rank: 86

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.

PZIV vs. PATN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pzena International Value ETF (PZIV) 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.

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.

	PZIV	PATN	Difference
Sharpe ratio: Return per unit of total volatility	—	2.24	—
Sortino ratio: Return per unit of downside risk	—	2.82	—
Omega ratio: Gain probability vs. loss probability	—	1.40	—
Calmar ratio: Return relative to maximum drawdown	—	3.84	—
Martin ratio: Return relative to average drawdown	—	13.96	—

Drawdowns

PZIV vs. PATN - Drawdown Comparison

The maximum PZIV drawdown since its inception was -3.74%, smaller than the maximum PATN drawdown of -16.77%. Use the drawdown chart below to compare losses from any high point for PZIV and PATN.

Drawdown Indicators

	PZIV	PATN	Difference
Max Drawdown Largest peak-to-trough decline	-3.74%	-16.77%	+13.03%
Max Drawdown (1Y) Largest decline over 1 year	—	-14.40%	—
Current Drawdown Current decline from peak	0.00%	-7.60%	+7.60%
Average Drawdown Average peak-to-trough decline	-0.94%	-3.24%	+2.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.95%	—

Volatility

Volatility by Period

	PZIV	PATN	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	10.11%	—
Volatility (6M) Calculated over the trailing 6-month period	—	22.19%	—
Volatility (1Y) Calculated over the trailing 1-year period	15.34%	24.66%	-9.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.34%	22.48%	-7.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.34%	22.48%	-7.14%

PZIV vs. PATN - Expense Ratio Comparison

PZIV has a 0.70% expense ratio, which is higher than PATN's 0.65% expense ratio.

Dividends

PZIV vs. PATN - Dividend Comparison

PZIV has not paid dividends to shareholders, while PATN's dividend yield for the trailing twelve months is around 1.66%.

Position	TTM	2025	2024
PATN Pacer Nasdaq International Patent Leaders ETF	1.66%	2.25%	0.30%
PZIV Pzena International Value ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PZIV and PATN in my portfolio?

PZIV and PATN have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PZIV or PATN?

On fees, PATN is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PZIV or PATN?

PATN is cheaper with a 0.65% expense ratio, compared with 0.70% for PZIV.

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

PATN has the higher dividend yield at 1.66%, compared with 0.00% for PZIV.

What is the main difference between PZIV and PATN?

They also come from different issuers: Pzena and Pacer. Their fees differ too: 0.70% for PZIV and 0.65% for PATN.