AMJB vs. ATMP

Last updated Jun 23, 2026

AMJB (Alerian MLP Index ETN) and ATMP (Barclays ETN+ Select MLP ETN) are both exchange-traded funds - AMJB is a Energy Equities fund tracking the Alerian MLP Index, while ATMP is a MLPs fund tracking the CIBC Atlas Select MLP VWAP. Both are passively managed. Over the past year, AMJB returned 9.47% vs 17.21% for ATMP. Their correlation of 0.82 suggests significant overlap in exposure. AMJB charges 0.85%/yr vs 0.95%/yr for ATMP.

Performance

AMJB vs. ATMP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alerian MLP Index ETN (AMJB) and Barclays ETN+ Select MLP ETN (ATMP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AMJB achieves a 11.92% return, which is significantly lower than ATMP's 18.11% return.

AMJB

• 1D: -1.46%
• 1M: -9.62%
• YTD: 11.92%
• 6M: 11.88%
• 1Y: 9.47%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ATMP

• 1D: 0.65%
• 1M: -7.19%
• YTD: 18.11%
• 6M: 18.98%
• 1Y: 17.21%
• 3Y*: 21.07%
• 5Y*: 15.35%
• 10Y*: 4.66%

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

AMJB vs. ATMP - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AMJB Alerian MLP Index ETN	11.92%	1.36%	10.85%
ATMP Barclays ETN+ Select MLP ETN	18.11%	1.73%	30.05%

Correlation

The correlation between AMJB and ATMP is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.76
Correlation (All Time) Calculated using the full available price history since Jan 26, 2024	0.82

The correlation between AMJB and ATMP has been stable across timeframes, ranging from 0.76 to 0.82 - a consistent structural relationship.

Return for Risk

AMJB vs. ATMP — Risk / Return Rank

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

AMJB

AMJB Risk / Return Rank: 19
AMJB Sharpe Ratio Rank: 18
AMJB Sortino Ratio Rank: 18
AMJB Omega Ratio Rank: 17
AMJB Calmar Ratio Rank: 19
AMJB Martin Ratio Rank: 21

ATMP

ATMP Risk / Return Rank: 36
ATMP Sharpe Ratio Rank: 35
ATMP Sortino Ratio Rank: 34
ATMP Omega Ratio Rank: 32
ATMP Calmar Ratio Rank: 43
ATMP Martin Ratio Rank: 35

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.

AMJB vs. ATMP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alerian MLP Index ETN (AMJB) and Barclays ETN+ Select MLP ETN (ATMP). 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.

	AMJB	ATMP	Difference
Sharpe ratio: Return per unit of total volatility	0.61	1.22	-0.61
Sortino ratio: Return per unit of downside risk	0.96	1.76	-0.79
Omega ratio: Gain probability vs. loss probability	1.11	1.21	-0.10
Calmar ratio: Return relative to maximum drawdown	0.81	2.09	-1.28
Martin ratio: Return relative to average drawdown	2.55	5.25	-2.70

AMJB vs. ATMP - Sharpe Ratio Comparison

The current AMJB Sharpe Ratio is 0.61, which is lower than the ATMP Sharpe Ratio of 1.22. The chart below compares the historical Sharpe Ratios of AMJB and ATMP, 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

AMJB vs. ATMP - Drawdown Comparison

The maximum AMJB drawdown since its inception was -17.70%, smaller than the maximum ATMP drawdown of -80.86%. Use the drawdown chart below to compare losses from any high point for AMJB and ATMP.

Drawdown Indicators

	AMJB	ATMP	Difference
Max Drawdown Largest peak-to-trough decline	-17.70%	-80.86%	+63.16%
Max Drawdown (1Y) Largest decline over 1 year	-11.80%	-8.30%	-3.50%
Max Drawdown (3Y) Largest decline over 3 years	—	-16.48%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-22.98%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-75.66%	—
Current Drawdown Current decline from peak	-10.66%	-7.56%	-3.10%
Average Drawdown Average peak-to-trough decline	-5.02%	-31.04%	+26.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.73%	3.30%	+0.43%

Volatility

AMJB vs. ATMP - Volatility Comparison

Alerian MLP Index ETN (AMJB) has a higher volatility of 5.74% compared to Barclays ETN+ Select MLP ETN (ATMP) at 5.25%. This indicates that AMJB's price experiences larger fluctuations and is considered to be riskier than ATMP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AMJB	ATMP	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.74%	5.25%	+0.49%
Volatility (6M) Calculated over the trailing 6-month period	12.18%	10.97%	+1.21%
Volatility (1Y) Calculated over the trailing 1-year period	15.68%	14.27%	+1.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.25%	22.11%	-3.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.25%	27.68%	-9.43%

AMJB vs. ATMP - Expense Ratio Comparison

AMJB has a 0.85% expense ratio, which is lower than ATMP's 0.95% expense ratio.

Dividends

AMJB vs. ATMP - Dividend Comparison

Neither AMJB nor ATMP has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both AMJB and ATMP in my portfolio?

AMJB and ATMP have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AMJB or ATMP?

AMJB has higher volatility (5.74%) compared to ATMP (5.25%). In terms of maximum drawdown, AMJB dropped -17.70% vs ATMP's -80.86%.

Which ETF is better, AMJB or ATMP?

On 1-year performance, ATMP leads with 17.21% vs 9.47% for AMJB. On fees, AMJB is cheaper at 0.85% per year. On volatility, ATMP has been the lower-risk option at 5.25%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AMJB or ATMP?

Over the 1-year period, ATMP has performed better with a 17.21% return vs 9.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AMJB or ATMP?

AMJB is cheaper with a 0.85% expense ratio, compared with 0.95% for ATMP.

Which ETF pays a higher dividend yield, AMJB or ATMP?

AMJB and ATMP have nearly identical dividend yields, around 0.00%.

What is the main difference between AMJB and ATMP?

AMJB is categorized as Energy Equities, while ATMP is MLPs. AMJB tracks Alerian MLP Index, while ATMP tracks CIBC Atlas Select MLP VWAP. They also come from different issuers: JPMorgan and Barclays Capital. Their fees differ too: 0.85% for AMJB and 0.95% for ATMP.

Which has better risk-adjusted returns?

ATMP currently has the higher Sharpe Ratio (1.22 vs 0.61), 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.