PATN vs PHDG
Pacer Nasdaq International Patent Leaders ETF vs Invesco S&P 500 Downside Hedged ETF
Quick Verdict
PHDG has a lower expense ratio. PATN delivered stronger 1-year returns. PHDG offers more diversification with 494 holdings.
Side-by-Side Comparison
| Metric | PATN | PHDG | Winner |
|---|---|---|---|
| Expense Ratio | 0.65% | 0.39% | |
| AUM | $194M | $61M | |
| Dividend Yield | 1.59% | 1.68% | |
| Holdings | 106 | 514 | |
| YTD Return | +30.58% | +12.47% | |
| 1Y Return | +51.85% | +16.44% | |
| 3Y Return (annualized) | - | +9.60% | |
| 5Y Return (annualized) | - | +4.60% | |
| Volatility (annualized) | 21.1% | 9.9% | |
| Max Drawdown | -16.8% | -23.6% | |
| Fund Family | Pacer ETFs | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Sep 16, 2024 | Dec 5, 2012 |
PATN vs PHDG Performance
Pacer Nasdaq International Patent Leaders ETF (PATN) is a ETF from Pacer ETFs and Invesco S&P 500 Downside Hedged ETF (PHDG) is a ETF from Invesco (US). Over the past year PATN returned +51.85% while PHDG returned +16.44%. Year to date, PATN is up 30.58% versus a gain of 12.47% for PHDG.
Risk: Volatility and Drawdowns
PATN has been the more volatile fund, with annualized monthly volatility of 21.1% compared with 9.9% for PHDG. 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 -16.8% for PATN and -23.6% for PHDG. 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 0.51. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
PATN charges 0.65% per year while PHDG charges 0.39%. On a $10,000 position that is $65 vs $39 annually, a gap of $26 per year that compounds over a long holding period. On income, PATN currently yields 1.59% against 1.68% for PHDG.
Holdings Overlap
PATN and PHDG share 0 holdings out of 595 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, PATN or PHDG?
PATN has an expense ratio of 0.65% while PHDG charges 0.39%. PHDG is the cheaper option. On a $10,000 investment, that is $26 per year of difference.
Which performed better, PATN or PHDG?
Over the past year PATN returned +51.85% vs +16.44% for PHDG, so PATN leads on 1-year performance. Over the longest common window we track (2 years), PATN annualized +38.32% vs +4.41% for PHDG. Past performance does not guarantee future results.
Which is riskier, PATN or PHDG?
PATN has been the more volatile fund at 21.1% annualized versus 9.9% for PHDG. Worst drawdown: PATN -16.8% vs PHDG -23.6%.
Should I hold both PATN and PHDG?
PATN and PHDG have a monthly-return correlation of 0.51, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PATN and PHDG?
PATN and PHDG share 0 common holdings with a 0.0% weight overlap. Combined, they hold 595 unique securities.
Which pays a higher dividend, PATN or PHDG?
PATN yields 1.59% while PHDG yields 1.68%, so PHDG currently pays the higher dividend yield.
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