MFEM vs PATN
PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF vs Pacer Nasdaq International Patent Leaders ETF
Quick Verdict
MFEM has a lower expense ratio. PATN delivered stronger 1-year returns. MFEM offers more diversification with 701 holdings.
Side-by-Side Comparison
| Metric | MFEM | PATN | Winner |
|---|---|---|---|
| Expense Ratio | 0.49% | 0.65% | |
| AUM | $156M | $234M | |
| Dividend Yield | 2.39% | 1.67% | |
| Holdings | 701 | 108 | |
| YTD Return | +21.80% | +30.11% | |
| 1Y Return | +33.81% | +51.30% | |
| 3Y Return (annualized) | +20.43% | - | |
| 5Y Return (annualized) | +8.97% | - | |
| Volatility (annualized) | 17.7% | 21.1% | |
| Max Drawdown | -45.3% | -16.8% | |
| Fund Family | PIMCO (US) | Pacer ETFs | |
| Category | Equity | Equity | |
| Inception | Aug 31, 2017 | Sep 16, 2024 |
MFEM vs PATN Performance
PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF (MFEM) is a ETF from PIMCO (US) and Pacer Nasdaq International Patent Leaders ETF (PATN) is a ETF from Pacer ETFs. Over the past year MFEM returned +33.81% while PATN returned +51.30%. Year to date, MFEM is up 21.80% versus a gain of 30.11% for PATN.
Risk: Volatility and Drawdowns
PATN has been the more volatile fund, with annualized monthly volatility of 21.1% compared with 17.7% for MFEM. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -45.3% for MFEM and -16.8% for PATN. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.90. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
MFEM charges 0.49% per year while PATN charges 0.65%. On a $10,000 position that is $49 vs $65 annually, a gap of $16 per year that compounds over a long holding period. On income, MFEM currently yields 2.39% against 1.67% for PATN.
Holdings Overlap
MFEM and PATN share 8 holdings out of 596 unique holdings combined, representing a 7.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, MFEM or PATN?
MFEM has an expense ratio of 0.49% while PATN charges 0.65%. MFEM is the cheaper option. On a $10,000 investment, that is $16 per year of difference.
Which performed better, MFEM or PATN?
Over the past year MFEM returned +33.81% vs +51.30% for PATN, so PATN leads on 1-year performance. Over the longest common window we track (2 years), MFEM annualized +6.84% vs +37.49% for PATN. Past performance does not guarantee future results.
Which is riskier, MFEM or PATN?
PATN has been the more volatile fund at 21.1% annualized versus 17.7% for MFEM. Worst drawdown: MFEM -45.3% vs PATN -16.8%.
Should I hold both MFEM and PATN?
MFEM and PATN have a monthly-return correlation of 0.90, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between MFEM and PATN?
MFEM and PATN share 8 common holdings with a 7.3% weight overlap. Combined, they hold 596 unique securities.
Which pays a higher dividend, MFEM or PATN?
MFEM yields 2.39% while PATN yields 1.67%, so MFEM currently pays the higher dividend yield.
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