IDMO vs PATN: Grades, Fees and Holdings Compared

Invesco S&P International Developed Momentum ETF

IDMOBNYSE Arca

Pacer Nasdaq International Patent Leaders ETF

PATNFNasdaq

Overlap

11.2%by weight

Expense ratio

IDMO −0.40pt a year

IDMO0.25%PATN0.65%

Avg volume · 30D

IDMO 2.7×the volume

IDMO372KPATN139K

IDMO vs PATN Performance

Nov 7, 2025 – Nov 9, 2026

+11.0%IDMO+24.8%PATN

Expense ratio: IDMO 0.25%, better; PATN 0.65%
Fund size: IDMO $4.04B; PATN $366M
1Y total return: IDMO +11.0%; PATN +24.8%, better
Yield (12M): IDMO 4.11%, better; PATN 1.92%
Holdings: IDMO 170; PATN 106
Avg volume (30D): IDMO 372K sh, better; PATN 139K sh
NAV per share: IDMO $55.65; PATN $31.25
52W range

ETF.net Grade

Pillar letters and Scores for IDMO, PATN, with each pillar’s weight
Pillar	IDMO	PATN
Cost30% weight	A75Higher	F0
Mission25% weight	Not scored	Not scored
Risk15% weight	C44Higher	F19
Tradability15% weight	A80Higher	C41
Holdings10% weight	D32Higher	F24
Durability5% weight	A70Higher	D27

Rank among International Factor Index funds

How we build Categories ›

Same Category. IDMO and PATN are both graded against the same 15 International Factor Index funds, so their Grades compare head to head.

International Factor Index⁠

Category · 15 funds

See all 15 ›

IDMO ranks 4th and PATN 15th of 15 funds in the International Factor Index Category.

Rank 1AEFAViShares MSCI EAFE Min Vol Factor ETFScore 76
Rank 2BACWViShares MSCI Global Min Vol Factor ETFScore 68
Rank 3BIDLVInvesco S&P International Developed Low Volatility ETFScore 66
Rank 4BIDMOInvesco S&P International Developed Momentum ETFScore 63
Rank 5BEFGiShares MSCI EAFE Growth ETFScore 61
Rank 14DGRINVictoryShares International Free Cash Flow Growth ETFScore 36
Rank 15FPATNPacer Nasdaq International Patent Leaders ETFScore 17

Our read on each fund

ETF.net Research

IDMOBInvesco S&P International Developed Momentum ETF

PATNFPacer Nasdaq International Patent Leaders ETF

In short

IDMO Momentum, exported. IDMO owns the developed-market stocks outside the US that have been winning, refreshes the list twice a year, and charges 0.25% for it, well under the typical international factor fund.

PATN Most international funds sort companies by size, value or momentum. PATN sorts by patents, tracking a Nasdaq index that ranks large and mid cap non-US firms on what their patent portfolios are worth and holds the top 100.

Stated mandate

IDMO The Fund seeks to track an international developed-markets momentum index by investing primarily in its constituent securities.

PATN The fund seeks international growth by tracking the 100 highest-ranked companies by patent valuation from a universe of large- and mid-cap non-U.S. companies.

Why people hold it

IDMO 0.25% a year against a 0.41% median for international factor funds. Cheap for a rules-based strategy that reshuffles far more than a plain index.
Pure ex-US momentum: the index tracks developed-market names showing persistence in relative performance, and rebalances the third Friday of March and September.spglobal.com invesco.com
Its peer group leans defensive (min-vol and quality builds like EFAV, ACWV, QLVD). IDMO is the one leaning into strength, and it sits in the top quartile of that group.
Roughly 190 stocks, a multi-billion-dollar asset base, moderate daily trading, quarterly distributions.

PATN The selection rule is genuinely unusual: a Nasdaq index scores non-US large and mid caps on patent valuation and keeps the top 100, so the portfolio is built around intellectual property rather than price or market cap.paceretfs.com
Rules-based and spread wide: roughly 100 developed-market names outside the US, chosen and refreshed by index rule instead of a manager's judgment call.
An R&D tilt without the usual US tech concentration: the whole universe is non-US, so it reaches the innovators that most American-listed innovation funds skip. Distributions are paid quarterly.

Worth knowing

IDMO Momentum can go cold. Invesco's documents flag the risk that returns on stocks with past price momentum trail other investing styles.invesco.com
The semi-annual reshuffle drives frequent portfolio trading, which fund documents call out directly.invesco.com
Nothing forces geographic balance, so the book can lean hard on Japan or the EU; the prospectus notes such concentration tends to be more volatile.invesco.com

PATN You pay up for the idea. The 0.65% expense ratio sits meaningfully above what a typical international factor fund charges, and that gap compounds against you every year you hold it.
It launched in 2024, so there is not yet a long record showing how a patent-value screen behaves through a full market cycle or a growth-stock drawdown.
Cheaper, longer-established international factor funds (EFAV at 0.20%, IDMO at 0.25%) currently sit well ahead of it in our peer group review.

Full IDMO profile⁠

Full PATN profile⁠

IDMO vs PATN Holdings

How IDMO and PATN differ

Overlap by weight

11.2%

Shared holdings make up 15.5% of IDMO and 12.1% of PATN.

Level by level

Holdings11 in both11.2%
Sector11 Sectors34.9%
Countryby domicile42.1%
Asset classStocks100%

Sector

Sector weights in IDMO and PATN, widest gap first
Sector	Gap	IDMO	PATN
Financials	IDMO +49.4 points	50.0%	0.6%
Technology	PATN +31.7 points	15.3%	47.0%
Industrials	PATN +8.5 points	7.9%	16.4%
Consumer Discretionary	PATN +8.5 points	1.7%	10.2%
Energy	IDMO +7.5 points	8.5%	1.0%
Communication	PATN +6.0 points	0.3%	6.3%
Consumer Staples	PATN +5.4 points	0.8%	6.2%
Health Care	PATN +4.8 points	4.5%	9.3%
Utilities	IDMO +4.2 points	4.2%	0.0%
Materials	IDMO +3.9 points	6.8%	2.9%
Real Estate	IDMO +0.1 points	0.1%	0.0%

Country, concentration and asset class

Country by domicile

Country weights in IDMO and PATN, widest gap first
Country	Gap	IDMO	PATN
Canada	IDMO +25.0 points	25.0%	0.0%
Taiwan	PATN +14.1 points	0.0%	14.1%
South Korea	PATN +13.1 points	0.0%	13.1%
China	PATN +10.3 points	0.3%	10.6%
Germany	PATN +7.0 points	1.6%	8.6%
Spain	IDMO +6.9 points	6.9%	0.0%
Switzerland	PATN +6.2 points	3.9%	10.1%
United Kingdom	IDMO +6.1 points	7.6%	1.5%
Other countries (17)	IDMO +12.6 points	54.7%	42.1%

Outside the US: IDMO 98% developed, 2% emerging. PATN 62% developed, 38% emerging.

Concentration

Weight in the 10 largest Holdings

IDMO36.3%
PATN43.0%

Securities held

IDMO166
PATN100

Asset class

IDMO: Stocks
PATN: Stocks

Holdings

Only in IDMO155
In both11
Only in PATN89

Only in IDMO

155 securities, 84.2% of IDMO by weight

Royal Bank of Canada5.77%
HSBC Holdings PLC4.21%
Toronto-Dominion Bank/The3.95%
Mitsubishi UFJ Financial Group Inc2.80%
TotalEnergies SE2.15%
BHP Group Ltd2.12%
DBS Group Holdings Ltd2.05%
Bank of Montreal2.03%
Bank of Nova Scotia/The2.03%
Canadian Imperial Bank of Commerce1.87%
Banco Santander SA1.86%
Iberdrola SA1.82%
Advantest Corp1.76%
Sumitomo Mitsui Financial Group Inc1.76%
Oversea-Chinese Banking Corp Ltd1.70%
Banco Bilbao Vizcaya Argentaria SA1.59%
Kioxia Holdings Corp1.30%
Mizuho Financial Group Inc1.22%
Suncor Energy Inc1.19%
Mitsubishi Corp1.15%
Rio Tinto PLC1.05%
Fast Retailing Co Ltd1.05%
ING Groep NV1.00%
Canadian Natural Resources Ltd1.00%
Investor AB1.00%
National Bank of Canada0.93%
Manulife Financial Corp0.88%
TC Energy Corp0.85%
Mitsui & Co Ltd0.82%
Glencore PLC0.77%
Teva Pharmaceutical Industries Ltd0.72%
Nordea Bank Abp0.71%
Lloyds Banking Group PLC0.67%
Enel SpA0.67%
Eni SpA0.63%
Canadian National Railway Co0.63%
Power Corp of Canada0.61%
Repsol SA0.59%
Swedbank AB0.57%
ORIX Corp0.57%
Dhl AG0.57%
Barrick Mining Corp0.55%
Japan Tobacco Inc0.55%
CaixaBank SA0.54%
Anglo American PLC0.53%
Sumitomo Corp0.52%
Generali0.52%
Cenovus Energy Inc0.52%
Engie SA0.52%
Marubeni Corp0.51%

Only in PATN

89 securities, 87.5% of PATN by weight

Taiwan Semiconductor Manufacturing Co Ltd10.34%
Samsung Electronics Co Ltd5.51%
SK hynix Inc4.12%
Tencent Holdings Ltd4.04%
Roche Holding AG3.10%
Toyota Motor Corp3.07%
Sap SE2.85%
L'Oreal SA2.60%
Nestle SA2.56%
Alibaba Group Holding Ltd2.38%
Siemens AG2.22%
Airbus Group SE1.82%
Sony Group Corp1.73%
MediaTek Inc1.63%
Schneider Electric SE1.51%
ABB Ltd1.51%
Safran SA1.48%
British American Tobacco PLC1.46%
Hitachi Ltd1.40%
Sanofi SA1.31%
Tokyo Electron Ltd1.31%
SoftBank Group Corp1.21%
NTT Inc1.12%
Hon Hai Precision Industry Co Ltd1.07%
Xiaomi Corp1.04%
Takeda Pharmaceutical Co Ltd0.90%
Delta Electronics Inc0.84%
Shin-Etsu Chemical Co Ltd0.79%
Mitsubishi Heavy Industries Ltd0.76%
Honda Motor Co Ltd0.75%
Infineon Technologies AG0.75%
Basf SE0.73%
Thales SA0.68%
Ping An Insurance Group Co of China Ltd0.67%
JD.com Inc0.59%
Canon Inc0.58%
Cie de Saint-Gobain SA0.57%
Daikin Industries Ltd0.57%
Samsung Electro-Mechanics Co Ltd0.55%
NEC Corp0.55%
Bridgestone Corp0.53%
Fujitsu Ltd0.52%
Bayerische Motoren Werke AG0.51%
Denso Corp0.51%
STMicroelectronics NV0.50%
Hyundai Motor Co0.50%
Komatsu Ltd0.49%
BYD Co Ltd0.49%
Koninklijke Philips NV0.49%
Telefonaktiebolaget LM Ericsson0.46%

Weight gaps

All 11 Holdings in both funds, largest gap first.

Holding weights in IDMO and PATN, widest gap first
Holding	Gap	IDMO	PATN
ASML Holding NV	IDMO +3.76 points	8.12%	4.36%
Bayer AG	PATN +0.34 points	0.53%	0.87%
Panasonic Holdings Corp	IDMO +0.26 points	0.88%	0.62%
Murata Manufacturing Co Ltd	IDMO +0.24 points	0.92%	0.68%
Mitsubishi Electric Corp	PATN +0.19 points	0.54%	0.73%
ENEOS Holdings Inc	PATN +0.11 points	0.22%	0.33%
Nokia Oyj	PATN +0.09 points	0.46%	0.55%
Asahi Kasei Corp	PATN +0.09 points	0.14%	0.23%
Sumitomo Electric Industries Ltd	PATN +0.07 points	0.28%	0.35%
Kyocera Corp	PATN +0.05 points	0.33%	0.38%
Novartis AG	IDMO +0.03 points	3.06%	3.03%

All 166 IDMO holdings⁠All 109 PATN holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

IDMO vs PATN Cost

Overpaying PATN vs IDMO

$7,558

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

IDMO 0.25%
$5,159
PATN 0.65%
$12,717

Amount$10,000

Years30 years

Cost over time

IDMO 0.25%
PATN 0.65%
Overpaying

Year by year

Year	IDMO	PATN	Overpaying
10	$455	$1,163	$708
20	$1,769	$4,440	$2,671
30	$5,159	$12,717	$7,558

Expense ratio

0.25%IDMO, cheaper
0.65%PATN

IDMO0.25%PATN0.65%

0.08%0.65%

Middle half of International Factor Index funds
Median 0.34%

IDMO 4th cheapest of 15 funds

PATN 15th cheapest of 15 funds

IDMO vs PATN Dividends

Last 12 months to Nov 9, 2026

Yield (12M): IDMO 4.11%, better; PATN 1.92%
Payout (12M): IDMO $2.36; PATN $0.63
Last payment: IDMO $0.35; PATN $0.05
Ex-dividend: IDMO Sep 21, 2026; PATN Sep 3, 2026
Paid on: IDMO Sep 25, 2026; PATN Sep 8, 2026
Frequency: IDMO Quarterly; PATN Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

IDMOQuarterly · 38 paymentsAll IDMO payments⁠

PATNQuarterly · 6 paymentsAll PATN payments⁠

IDMO vs PATN Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: IDMO 13.1%PATN 21.7%since Oct 2024
Return per unit of riskSharpe ratio, 3 years: IDMO 1.43PATN 0.94since Oct 2024
Worst fallMax drawdown, 5 years: IDMO −27.1%PATN −18.5%since Sep 2024
Market sensitivityBeta, 5 years: IDMO 0.83PATN 0.94; Market = 1

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