ATMP vs. BKUI

Last updated Jun 4, 2026

ATMP (Barclays ETN+ Select MLP ETN) and BKUI (BNY Mellon Ultra Short Income ETF) are both exchange-traded funds - ATMP is a MLPs fund tracking the CIBC Atlas Select MLP VWAP, while BKUI is a Ultrashort Bond fund actively managed by BNY Mellon. ATMP is passively managed, while BKUI is actively managed. Over the past 3 years, ATMP returned 21.17%/yr vs 5.21%/yr for BKUI. At a correlation of -0.03, they often move in opposite directions. ATMP charges 0.95%/yr vs 0.12%/yr for BKUI.

Performance

ATMP vs. BKUI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Barclays ETN+ Select MLP ETN (ATMP) and BNY Mellon Ultra Short Income ETF (BKUI). 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 BKUI's 1.42% 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%

BKUI

• 1D: -0.01%
• 1M: 0.33%
• YTD: 1.42%
• 6M: 1.74%
• 1Y: 4.32%
• 3Y*: 5.21%
• 5Y*: —
• 10Y*: —

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

ATMP vs. BKUI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
ATMP Barclays ETN+ Select MLP ETN	20.02%	1.73%	31.66%	14.51%	20.71%	-0.09%
BKUI BNY Mellon Ultra Short Income ETF	1.42%	4.93%	5.50%	5.75%	-0.08%	-0.26%

Correlation

The correlation between ATMP and BKUI is -0.25, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.25
Correlation (3Y) Calculated over the trailing 3-year period	-0.04
Correlation (All Time) Calculated using the full available price history since Aug 12, 2021	-0.03

Over the past year, the inverse relationship between ATMP and BKUI has strengthened: their correlation has moved from -0.03 to -0.25, meaning they now move in opposite directions more often than their long-term average.

Return for Risk

ATMP vs. BKUI — 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

BKUI

BKUI Risk / Return Rank: 99
BKUI Sharpe Ratio Rank: 99
BKUI Sortino Ratio Rank: 100
BKUI Omega Ratio Rank: 100
BKUI Calmar Ratio Rank: 99
BKUI Martin Ratio Rank: 99

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. BKUI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Barclays ETN+ Select MLP ETN (ATMP) and BNY Mellon Ultra Short Income ETF (BKUI). 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	BKUI	Difference
Sharpe ratio Return per unit of total volatility	1.31	10.52	-9.22
Sortino ratio Return per unit of downside risk	1.87	25.25	-23.38
Omega ratio Gain probability vs. loss probability	1.23	6.02	-4.80
Calmar ratio Return relative to maximum drawdown	2.51	32.56	-30.05
Martin ratio Return relative to average drawdown	6.16	230.94	-224.79
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. BKUI - Sharpe Ratio Comparison

The current ATMP Sharpe Ratio is 1.31, which is lower than the BKUI Sharpe Ratio of 10.52. The chart below compares the historical Sharpe Ratios of ATMP and BKUI, 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	BKUI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.31	10.52	-9.22
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.72	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.18	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.09	6.08	-5.99

Drawdowns

ATMP vs. BKUI - Drawdown Comparison

The maximum ATMP drawdown since its inception was -80.86%, which is greater than BKUI's maximum drawdown of -1.72%. Use the drawdown chart below to compare losses from any high point for ATMP and BKUI.

Drawdown Indicators

	ATMP	BKUI	Difference
Max Drawdown Largest peak-to-trough decline	-80.86%	-1.72%	-79.14%
Max Drawdown (1Y) Largest decline over 1 year	-7.26%	-0.13%	-7.13%
Max Drawdown (3Y) Largest decline over 3 years	-16.48%	-0.25%	-16.23%
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	-6.07%	-0.01%	-6.06%
Average Drawdown Average peak-to-trough decline	-31.15%	-0.27%	-30.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.95%	0.02%	+2.93%

Volatility

ATMP vs. BKUI - Volatility Comparison

Barclays ETN+ Select MLP ETN (ATMP) has a higher volatility of 5.61% compared to BNY Mellon Ultra Short Income ETF (BKUI) at 0.15%. This indicates that ATMP's price experiences larger fluctuations and is considered to be riskier than BKUI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ATMP	BKUI	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.61%	0.15%	+5.46%
Volatility (6M) Calculated over the trailing 6-month period	10.72%	0.31%	+10.41%
Volatility (1Y) Calculated over the trailing 1-year period	14.00%	0.41%	+13.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.23%	0.59%	+21.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.68%	0.59%	+27.09%

ATMP vs. BKUI - Expense Ratio Comparison

ATMP has a 0.95% expense ratio, which is higher than BKUI's 0.12% expense ratio.

Dividends

ATMP vs. BKUI - Dividend Comparison

ATMP has not paid dividends to shareholders, while BKUI's dividend yield for the trailing twelve months is around 4.21%.

Position	TTM	2025	2024	2023	2022	2021
ATMP Barclays ETN+ Select MLP ETN	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
BKUI BNY Mellon Ultra Short Income ETF	4.21%	4.48%	5.11%	4.29%	1.82%	0.22%

Frequently Asked Questions

Can I hold both ATMP and BKUI in my portfolio?

ATMP and BKUI have a correlation of -0.25, 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 BKUI?

ATMP has higher volatility (5.61%) compared to BKUI (0.15%). In terms of maximum drawdown, ATMP dropped -80.86% vs BKUI's -1.72%.

Which ETF is better, ATMP or BKUI?

On 3-year performance, ATMP leads with 21.17% vs 5.21% for BKUI. On fees, BKUI is cheaper at 0.12% per year. On volatility, BKUI has been the lower-risk option at 0.15%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ATMP or BKUI?

Over the 3-year period, ATMP has performed better with a 21.17% return vs 5.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ATMP or BKUI?

BKUI is cheaper with a 0.12% expense ratio, compared with 0.95% for ATMP.

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

BKUI has the higher dividend yield at 4.21%, compared with 0.00% for ATMP.

What is the main difference between ATMP and BKUI?

ATMP is categorized as MLPs, while BKUI is Ultrashort Bond. They also come from different issuers: Barclays Capital and BNY Mellon. Their fees differ too: 0.95% for ATMP and 0.12% for BKUI.

Which has better risk-adjusted returns?

BKUI currently has the higher Sharpe Ratio (10.52 vs 1.31), 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.