ATMP vs. AMUB

Last updated Jun 4, 2026

ATMP (Barclays ETN+ Select MLP ETN) and AMUB (ETRACS Alerian MLP Index ETN Class B) are both MLPs funds - ATMP tracks the CIBC Atlas Select MLP VWAP while AMUB tracks the Alerian MLP Index. Both are passively managed. Over the past 10 years, ATMP returned 4.90%/yr vs 3.05%/yr for AMUB. A 0.72 correlation means they provide meaningful diversification when combined. ATMP charges 0.95%/yr vs 0.80%/yr for AMUB.

Performance

ATMP vs. AMUB - Performance Comparison

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

Returns By Period

In the year-to-date period, ATMP achieves a 20.02% return, which is significantly higher than AMUB's 16.97% return. Over the past 10 years, ATMP has outperformed AMUB with an annualized return of 4.90%, while AMUB has yielded a comparatively lower 3.05% annualized return.

ATMP

• 1D: 0.07%
• 1M: -2.32%
• YTD: 20.02%
• 6M: 19.57%
• 1Y: 18.01%
• 3Y*: 21.17%
• 5Y*: 15.87%
• 10Y*: 4.90%

AMUB

• 1D: -0.23%
• 1M: -2.08%
• YTD: 16.97%
• 6M: 15.25%
• 1Y: 15.77%
• 3Y*: 15.80%
• 5Y*: 12.34%
• 10Y*: 3.05%

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

ATMP vs. AMUB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ATMP Barclays ETN+ Select MLP ETN	20.02%	1.73%	31.66%	14.51%	20.71%	33.06%	-34.39%	0.39%	-14.55%	-11.89%
AMUB ETRACS Alerian MLP Index ETN Class B	16.97%	2.05%	15.68%	16.89%	21.91%	28.83%	-36.47%	-1.78%	-19.25%	-13.07%

Correlation

The correlation between ATMP and AMUB is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (10Y) Calculated over the trailing 10-year period	0.77
Correlation (All Time) Calculated using the full available price history since Oct 12, 2015	0.72

The correlation between ATMP and AMUB shifts across timeframes, from 0.72 (all time) to 0.90 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

ATMP vs. AMUB — Risk / Return Rank

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

ATMP

ATMP Risk / Return Rank: 39
ATMP Sharpe Ratio Rank: 36
ATMP Sortino Ratio Rank: 35
ATMP Omega Ratio Rank: 33
ATMP Calmar Ratio Rank: 51
ATMP Martin Ratio Rank: 38

AMUB

AMUB Risk / Return Rank: 31
AMUB Sharpe Ratio Rank: 32
AMUB Sortino Ratio Rank: 31
AMUB Omega Ratio Rank: 30
AMUB Calmar Ratio Rank: 31
AMUB Martin Ratio Rank: 31

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.

ATMP vs. AMUB - Risk-Adjusted Trends Comparison

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

	ATMP	AMUB	Difference
Sharpe ratio Return per unit of total volatility	1.31	1.18	+0.13
Sortino ratio Return per unit of downside risk	1.87	1.69	+0.18
Omega ratio Gain probability vs. loss probability	1.23	1.20	+0.02
Calmar ratio Return relative to maximum drawdown	2.51	1.53	+0.98
Martin ratio Return relative to average drawdown	6.16	4.52	+1.63
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ATMP vs. AMUB - Sharpe Ratio Comparison

The current ATMP Sharpe Ratio is 1.31, which is comparable to the AMUB Sharpe Ratio of 1.18. The chart below compares the historical Sharpe Ratios of ATMP and AMUB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ATMP	AMUB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.31	1.18	+0.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.72	0.61	+0.11
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.18	0.11	+0.06
Sharpe Ratio (All Time) Calculated using the full available price history	0.09	0.00	+0.09

Drawdowns

ATMP vs. AMUB - Drawdown Comparison

The maximum ATMP drawdown since its inception was -80.86%, roughly equal to the maximum AMUB drawdown of -79.46%. Use the drawdown chart below to compare losses from any high point for ATMP and AMUB.

Drawdown Indicators

	ATMP	AMUB	Difference
Max Drawdown Largest peak-to-trough decline	-80.86%	-79.46%	-1.40%
Max Drawdown (1Y) Largest decline over 1 year	-7.26%	-10.37%	+3.11%
Max Drawdown (3Y) Largest decline over 3 years	-16.48%	-17.22%	+0.74%
Max Drawdown (5Y) Largest decline over 5 years	-22.98%	-20.58%	-2.40%
Max Drawdown (10Y) Largest decline over 10 years	-75.66%	-78.86%	+3.20%
Current Drawdown Current decline from peak	-6.07%	-6.15%	+0.08%
Average Drawdown Average peak-to-trough decline	-31.15%	-29.23%	-1.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.95%	3.51%	-0.56%

Volatility

ATMP vs. AMUB - Volatility Comparison

Barclays ETN+ Select MLP ETN (ATMP) and ETRACS Alerian MLP Index ETN Class B (AMUB) have volatilities of 5.61% and 5.40%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ATMP	AMUB	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.61%	5.40%	+0.21%
Volatility (6M) Calculated over the trailing 6-month period	10.72%	9.82%	+0.90%
Volatility (1Y) Calculated over the trailing 1-year period	14.00%	13.60%	+0.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.23%	20.24%	+1.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.68%	27.09%	+0.59%

ATMP vs. AMUB - Expense Ratio Comparison

ATMP has a 0.95% expense ratio, which is higher than AMUB's 0.80% expense ratio.

Dividends

ATMP vs. AMUB - Dividend Comparison

Neither ATMP nor AMUB has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both ATMP and AMUB in my portfolio?

ATMP and AMUB have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ATMP or AMUB?

ATMP has higher volatility (5.61%) compared to AMUB (5.40%). In terms of maximum drawdown, ATMP dropped -80.86% vs AMUB's -79.46%.

Which ETF is better, ATMP or AMUB?

On 10-year performance, ATMP leads with 4.90% vs 3.05% for AMUB. On fees, AMUB is cheaper at 0.80% per year. On volatility, AMUB has been the lower-risk option at 5.40%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ATMP or AMUB?

Over the 10-year period, ATMP has performed better with a 4.90% return vs 3.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ATMP or AMUB?

AMUB is cheaper with a 0.80% expense ratio, compared with 0.95% for ATMP.

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

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

What is the main difference between ATMP and AMUB?

ATMP tracks CIBC Atlas Select MLP VWAP, while AMUB tracks Alerian MLP Index. They also come from different issuers: Barclays Capital and UBS. Their fees differ too: 0.95% for ATMP and 0.80% for AMUB.

Which has better risk-adjusted returns?

ATMP currently has the higher Sharpe Ratio (1.31 vs 1.18), 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.