ATMP vs. AS
ATMP (Barclays ETN+ Select MLP ETN) is MLPs fund tracking the CIBC Atlas Select MLP VWAP, while AS (Amer Sports, Inc) is a stock. Over the past year, ATMP returned 18.09% vs -2.15% for AS. At a 0.18 correlation, their price movements are largely independent.
Performance
ATMP vs. AS - Performance Comparison
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Returns By Period
In the year-to-date period, ATMP achieves a 20.60% return, which is significantly higher than AS's -5.06% return.
ATMP
- 1D
- 0.46%
- 1M
- -3.30%
- YTD
- 20.60%
- 6M
- 20.43%
- 1Y
- 18.09%
- 3Y*
- 21.55%
- 5Y*
- 15.05%
- 10Y*
- 5.20%
AS
- 1D
- -0.39%
- 1M
- 6.39%
- YTD
- -5.06%
- 6M
- -7.56%
- 1Y
- -2.15%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ATMP vs. AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ATMP Barclays ETN+ Select MLP ETN | 20.60% | 1.73% | 30.10% |
AS Amer Sports, Inc | -5.06% | 33.58% | 108.66% |
Correlation
The correlation between ATMP and AS is -0.05, 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 | -0.05 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2024 | 0.18 |
The correlation between ATMP and AS shifts across timeframes, from -0.05 (1 year) to 0.18 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ATMP vs. AS — Risk / Return Rank
ATMP
AS
ATMP vs. AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Barclays ETN+ Select MLP ETN (ATMP) and Amer Sports, Inc (AS). 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.
| ATMP | AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.43 | ||
| Sortino ratioReturn per unit of downside risk | +1.75 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.01 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 2.53 | -0.18 | +2.71 |
| Martin ratioReturn relative to average drawdown | 5.89 | -0.36 | +6.25 |
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Drawdowns
ATMP vs. AS - Drawdown Comparison
The maximum ATMP drawdown since its inception was -80.86%, which is greater than AS's maximum drawdown of -40.71%. Use the drawdown chart below to compare losses from any high point for ATMP and AS.
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Drawdown Indicators
| ATMP | AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.86% | -40.71% | -40.15% |
Max Drawdown (1Y)Largest decline over 1 year | -7.30% | -28.78% | +21.48% |
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 | -5.61% | -15.49% | +9.88% |
Average DrawdownAverage peak-to-trough decline | -31.08% | -13.29% | -17.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.13% | 14.56% | -11.43% |
Volatility
ATMP vs. AS - Volatility Comparison
The current volatility for Barclays ETN+ Select MLP ETN (ATMP) is 5.64%, while Amer Sports, Inc (AS) has a volatility of 10.17%. This indicates that ATMP experiences smaller price fluctuations and is considered to be less risky than AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ATMP | AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.64% | 10.17% | -4.53% |
Volatility (6M)Calculated over the trailing 6-month period | 10.99% | 29.10% | -18.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.18% | 41.31% | -27.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.25% | 49.55% | -27.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.67% | 49.55% | -21.88% |
Dividends
ATMP vs. AS - Dividend Comparison
Neither ATMP nor AS has paid dividends to shareholders.
Frequently Asked Questions
ATMP and AS have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AS has higher volatility (10.17%) compared to ATMP (5.64%). In terms of maximum drawdown, ATMP dropped -80.86% vs AS's -40.71%.
ATMP currently has the higher Sharpe Ratio (1.30 vs -0.13), 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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