PATN vs TYO
Pacer Nasdaq International Patent Leaders ETF vs Direxion Daily 7-10 Year Treasury Bear 3X ETF
Quick Verdict
PATN has a lower expense ratio. PATN delivered stronger 1-year returns. PATN offers more diversification with 106 holdings.
Side-by-Side Comparison
| Metric | PATN | TYO | Winner |
|---|---|---|---|
| Expense Ratio | 0.65% | 1.00% | |
| AUM | $194M | $12M | |
| Dividend Yield | 1.59% | 2.62% | |
| Holdings | 106 | 6 | |
| YTD Return | +31.67% | +10.49% | |
| 1Y Return | +51.38% | +10.96% | |
| 3Y Return (annualized) | - | +4.52% | |
| 5Y Return (annualized) | - | +14.85% | |
| Volatility (annualized) | 21.1% | 19.3% | |
| Max Drawdown | -16.8% | -90.4% | |
| Fund Family | Pacer ETFs | Direxion Shares ETF Trust | |
| Category | Equity | Alternative | |
| Inception | Sep 16, 2024 | Apr 16, 2009 |
PATN vs TYO Performance
Pacer Nasdaq International Patent Leaders ETF (PATN) is a ETF from Pacer ETFs and Direxion Daily 7-10 Year Treasury Bear 3X ETF (TYO) is a ETF from Direxion Shares ETF Trust. Over the past year PATN returned +51.38% while TYO returned +10.96%. Year to date, PATN is up 31.67% versus a gain of 10.49% for TYO.
Risk: Volatility and Drawdowns
PATN has been the more volatile fund, with annualized monthly volatility of 21.1% compared with 19.3% for TYO. 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 -90.4% for TYO. 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 -0.45. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
PATN charges 0.65% per year while TYO charges 1.00%. On a $10,000 position that is $65 vs $100 annually, a gap of $35 per year that compounds over a long holding period. On income, PATN currently yields 1.59% against 2.62% for TYO.
Holdings Overlap
PATN and TYO share 0 holdings out of 104 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 TYO?
PATN has an expense ratio of 0.65% while TYO charges 1.00%. PATN is the cheaper option. On a $10,000 investment, that is $35 per year of difference.
Which performed better, PATN or TYO?
Over the past year PATN returned +51.38% vs +10.96% for TYO, so PATN leads on 1-year performance. Over the longest common window we track (2 years), PATN annualized +38.86% vs -7.27% for TYO. Past performance does not guarantee future results.
Which is riskier, PATN or TYO?
PATN has been the more volatile fund at 21.1% annualized versus 19.3% for TYO. Worst drawdown: PATN -16.8% vs TYO -90.4%.
Should I hold both PATN and TYO?
PATN and TYO have a monthly-return correlation of -0.45, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PATN and TYO?
PATN and TYO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 104 unique securities.
Which pays a higher dividend, PATN or TYO?
PATN yields 1.59% while TYO yields 2.62%, so TYO currently pays the higher dividend yield.
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