SSXU vs. PATN

Last updated Jun 24, 2026

SSXU (Day Hagan/Ned Davis Research Smart Sector International ETF) and PATN (Pacer Nasdaq International Patent Leaders ETF) are both Foreign Large Cap Equities funds. SSXU is actively managed, while PATN is passively managed. Over the past year, SSXU returned 17.70% vs 65.39% for PATN. Their correlation of 0.83 suggests significant overlap in exposure. SSXU charges 1.15%/yr vs 0.65%/yr for PATN.

Performance

SSXU vs. PATN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Day Hagan/Ned Davis Research Smart Sector International ETF (SSXU) 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, SSXU achieves a 3.06% return, which is significantly lower than PATN's 34.64% return.

SSXU

• 1D: -1.45%
• 1M: -1.58%
• YTD: 3.06%
• 6M: 2.66%
• 1Y: 17.70%
• 3Y*: 12.21%
• 5Y*: —
• 10Y*: —

PATN

• 1D: -5.19%
• 1M: 4.01%
• YTD: 34.64%
• 6M: 35.70%
• 1Y: 65.39%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SSXU vs. PATN - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SSXU Day Hagan/Ned Davis Research Smart Sector International ETF	3.06%	27.09%	-3.02%
PATN Pacer Nasdaq International Patent Leaders ETF	34.64%	40.01%	-1.73%

Correlation

The correlation between SSXU and PATN is 0.81, 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	0.81
Correlation (All Time) Calculated using the full available price history since Sep 17, 2024	0.83

The correlation between SSXU and PATN has been stable across timeframes, ranging from 0.81 to 0.83 - a consistent structural relationship.

SSXU vs. PATN - Sectors Allocation Comparison

Sectors	SSXU	PATN
Financial Services	23.0%	0.5%
Industrials	16.2%	14.8%
Basic Materials	14.5%	2.4%
Consumer Cyclical	8.0%	7.0%
Healthcare	6.8%	9.4%
Technology	6.7%	52.5%
Consumer Defensive	6.5%	5.2%
Energy	5.5%	2.1%
Communication Services	5.1%	6.1%
Utilities	4.3%	-
Real Estate	3.5%	-

Return for Risk

SSXU vs. PATN — Risk / Return Rank

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

SSXU

SSXU Risk / Return Rank: 38
SSXU Sharpe Ratio Rank: 39
SSXU Sortino Ratio Rank: 38
SSXU Omega Ratio Rank: 38
SSXU Calmar Ratio Rank: 36
SSXU Martin Ratio Rank: 39

PATN

PATN Risk / Return Rank: 87
PATN Sharpe Ratio Rank: 89
PATN Sortino Ratio Rank: 82
PATN Omega Ratio Rank: 87
PATN Calmar Ratio Rank: 87
PATN Martin Ratio Rank: 88

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.

SSXU vs. PATN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Day Hagan/Ned Davis Research Smart Sector International ETF (SSXU) 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.

	SSXU	PATN	Difference
Sharpe ratio: Return per unit of total volatility	1.27	2.75	-1.48
Sortino ratio: Return per unit of downside risk	1.81	3.37	-1.56
Omega ratio: Gain probability vs. loss probability	1.23	1.49	-0.26
Calmar ratio: Return relative to maximum drawdown	1.66	4.56	-2.90
Martin ratio: Return relative to average drawdown	5.62	17.76	-12.14

SSXU vs. PATN - Sharpe Ratio Comparison

The current SSXU Sharpe Ratio is 1.27, which is lower than the PATN Sharpe Ratio of 2.75. The chart below compares the historical Sharpe Ratios of SSXU and PATN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SSXU vs. PATN - Drawdown Comparison

The maximum SSXU drawdown since its inception was -13.91%, smaller than the maximum PATN drawdown of -16.77%. Use the drawdown chart below to compare losses from any high point for SSXU and PATN.

Drawdown Indicators

	SSXU	PATN	Difference
Max Drawdown Largest peak-to-trough decline	-13.91%	-16.77%	+2.86%
Max Drawdown (1Y) Largest decline over 1 year	-10.71%	-14.40%	+3.69%
Max Drawdown (3Y) Largest decline over 3 years	-13.91%	—	—
Current Drawdown Current decline from peak	-5.35%	-5.19%	-0.16%
Average Drawdown Average peak-to-trough decline	-3.24%	-3.17%	-0.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.16%	3.69%	-0.53%

Volatility

SSXU vs. PATN - Volatility Comparison

The current volatility for Day Hagan/Ned Davis Research Smart Sector International ETF (SSXU) is 4.43%, while Pacer Nasdaq International Patent Leaders ETF (PATN) has a volatility of 12.88%. This indicates that SSXU experiences smaller price fluctuations and is considered to be less risky than PATN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SSXU	PATN	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.43%	12.88%	-8.45%
Volatility (6M) Calculated over the trailing 6-month period	11.95%	21.37%	-9.42%
Volatility (1Y) Calculated over the trailing 1-year period	14.01%	23.92%	-9.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.41%	22.26%	-7.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.41%	22.26%	-7.85%

SSXU vs. PATN - Expense Ratio Comparison

SSXU has a 1.15% expense ratio, which is higher than PATN's 0.65% expense ratio.

Dividends

SSXU vs. PATN - Dividend Comparison

SSXU's dividend yield for the trailing twelve months is around 2.58%, more than PATN's 1.61% yield.

Position	TTM	2025	2024	2023	2022
PATN Pacer Nasdaq International Patent Leaders ETF	1.61%	2.25%	0.30%	0.00%	0.00%
SSXU Day Hagan/Ned Davis Research Smart Sector International ETF	2.58%	2.66%	2.74%	2.07%	0.65%

Frequently Asked Questions

Can I hold both SSXU and PATN in my portfolio?

SSXU and PATN have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SSXU or PATN?

PATN has higher volatility (12.88%) compared to SSXU (4.43%). In terms of maximum drawdown, SSXU dropped -13.91% vs PATN's -16.77%.

Which ETF is better, SSXU or PATN?

On 1-year performance, PATN leads with 65.39% vs 17.70% for SSXU. On fees, PATN is cheaper at 0.65% per year. On volatility, SSXU has been the lower-risk option at 4.43%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SSXU or PATN?

Over the 1-year period, PATN has performed better with a 65.39% return vs 17.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SSXU or PATN?

PATN is cheaper with a 0.65% expense ratio, compared with 1.15% for SSXU.

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

SSXU has the higher dividend yield at 2.58%, compared with 1.61% for PATN.

What is the main difference between SSXU and PATN?

They also come from different issuers: Day Hagan and Pacer. Their fees differ too: 1.15% for SSXU and 0.65% for PATN.

Which has better risk-adjusted returns?

PATN currently has the higher Sharpe Ratio (2.75 vs 1.27), 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.