AS vs. ATMP
AS (Amer Sports, Inc) is a stock, while ATMP (Barclays ETN+ Select MLP ETN) is MLPs fund tracking the CIBC Atlas Select MLP VWAP. Over the past year, AS returned -10.46% vs 23.89% for ATMP. At a 0.16 correlation, their price movements are largely independent.
Performance
AS vs. ATMP - Performance Comparison
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Returns By Period
In the year-to-date period, AS achieves a -8.57% return, which is significantly lower than ATMP's 24.32% return.
AS
- 1D
- -1.87%
- 1M
- -3.69%
- 6M
- -10.11%
- YTD
- -8.57%
- 1Y
- -10.46%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ATMP
- 1D
- 1.78%
- 1M
- 3.08%
- 6M
- 22.91%
- YTD
- 24.32%
- 1Y
- 23.89%
- 3Y*
- 20.99%
- 5Y*
- 17.66%
- 10Y*
- 4.62%
AS vs. ATMP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AS Amer Sports, Inc | -8.57% | 33.58% | 108.66% |
ATMP Barclays ETN+ Select MLP ETN | 24.32% | 1.73% | 30.10% |
Correlation
The correlation between AS and ATMP is -0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.10 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2024 | 0.16 |
The correlation between AS and ATMP shifts across timeframes, from -0.10 (1 year) to 0.16 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
AS vs. ATMP — Risk / Return Rank
AS
ATMP
AS vs. ATMP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amer Sports, Inc (AS) 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.
| AS | ATMP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.90 | ||
| Sortino ratioReturn per unit of downside risk | -2.44 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.28 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.36 | 2.90 | -3.27 |
| Martin ratioReturn relative to average drawdown | -0.68 | 6.82 | -7.50 |
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Drawdowns
AS vs. ATMP - Drawdown Comparison
The maximum AS drawdown since its inception was -40.71%, smaller than the maximum ATMP drawdown of -80.86%. Use the drawdown chart below to compare losses from any high point for AS and ATMP.
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Drawdown Indicators
| AS | ATMP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.71% | -80.86% | +40.15% |
Max Drawdown (1Y)Largest decline over 1 year | -28.78% | -8.30% | -20.48% |
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 DrawdownCurrent decline from peak | -18.61% | -2.70% | -15.91% |
Average DrawdownAverage peak-to-trough decline | -13.42% | -30.93% | +17.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.31% | 3.52% | +11.79% |
Volatility
AS vs. ATMP - Volatility Comparison
Amer Sports, Inc (AS) has a higher volatility of 11.09% compared to Barclays ETN+ Select MLP ETN (ATMP) at 5.32%. This indicates that AS'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.
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Volatility by Period
| AS | ATMP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.09% | 5.32% | +5.77% |
Volatility (6M)Calculated over the trailing 6-month period | 29.85% | 11.52% | +18.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.58% | 14.62% | +26.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.16% | 22.11% | +27.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.16% | 27.63% | +21.53% |
Dividends
AS vs. ATMP - Dividend Comparison
Neither AS nor ATMP has paid dividends to shareholders.
Frequently Asked Questions
AS and ATMP have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AS has higher volatility (11.09%) compared to ATMP (5.32%). In terms of maximum drawdown, AS dropped -40.71% vs ATMP's -80.86%.
ATMP currently has the higher Sharpe Ratio (1.65 vs -0.25), 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.
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