ATMP vs. BSMW
ATMP (Barclays ETN+ Select MLP ETN) and BSMW (Invesco BulletShares 2032 Municipal Bond ETF) are both exchange-traded funds - ATMP is a MLPs fund tracking the CIBC Atlas Select MLP VWAP, while BSMW is a Municipal Bonds fund tracking the Invesco BulletShares USD Municipal Bond 2032 Index. Both are passively managed. Over the past 3 years, ATMP returned 21.17%/yr vs 3.20%/yr for BSMW. At a correlation of -0.06, they often move in opposite directions. ATMP charges 0.95%/yr vs 0.18%/yr for BSMW.
Performance
ATMP vs. BSMW - Performance Comparison
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Returns By Period
In the year-to-date period, ATMP achieves a 20.02% return, which is significantly higher than BSMW's 1.30% 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%
BSMW
- 1D
- 0.11%
- 1M
- 0.55%
- YTD
- 1.30%
- 6M
- 1.59%
- 1Y
- 6.93%
- 3Y*
- 3.20%
- 5Y*
- —
- 10Y*
- —
ATMP vs. BSMW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ATMP Barclays ETN+ Select MLP ETN | 20.02% | 1.73% | 31.66% | 12.85% |
BSMW Invesco BulletShares 2032 Municipal Bond ETF | 1.30% | 3.42% | -0.35% | 7.00% |
Correlation
The correlation between ATMP and BSMW is -0.21, 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 | -0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Mar 2, 2023 | -0.06 |
The correlation between ATMP and BSMW shifts across timeframes, from -0.21 (1 year) to -0.03 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
ATMP vs. BSMW — Risk / Return Rank
ATMP
BSMW
ATMP vs. BSMW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Barclays ETN+ Select MLP ETN (ATMP) and Invesco BulletShares 2032 Municipal Bond ETF (BSMW). 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 | BSMW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.17 | ||
| Sortino ratioReturn per unit of downside risk | -1.69 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.50 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 2.51 | 2.39 | +0.12 |
| Martin ratioReturn relative to average drawdown | 6.16 | 7.53 | -1.38 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ATMP | BSMW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.31 | 2.48 | -1.17 |
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 | 0.69 | -0.60 |
Drawdowns
ATMP vs. BSMW - Drawdown Comparison
The maximum ATMP drawdown since its inception was -80.86%, which is greater than BSMW's maximum drawdown of -7.57%. Use the drawdown chart below to compare losses from any high point for ATMP and BSMW.
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Drawdown Indicators
| ATMP | BSMW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.86% | -7.57% | -73.29% |
Max Drawdown (1Y)Largest decline over 1 year | -7.26% | -2.92% | -4.34% |
Max Drawdown (3Y)Largest decline over 3 years | -16.48% | -7.34% | -9.14% |
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 | -6.07% | -0.98% | -5.09% |
Average DrawdownAverage peak-to-trough decline | -31.15% | -1.72% | -29.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.95% | 0.92% | +2.03% |
Volatility
ATMP vs. BSMW - Volatility Comparison
Barclays ETN+ Select MLP ETN (ATMP) has a higher volatility of 5.61% compared to Invesco BulletShares 2032 Municipal Bond ETF (BSMW) at 0.93%. This indicates that ATMP's price experiences larger fluctuations and is considered to be riskier than BSMW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ATMP | BSMW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.61% | 0.93% | +4.68% |
Volatility (6M)Calculated over the trailing 6-month period | 10.72% | 1.98% | +8.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.00% | 2.82% | +11.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.23% | 5.00% | +17.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.68% | 5.00% | +22.68% |
ATMP vs. BSMW - Expense Ratio Comparison
ATMP has a 0.95% expense ratio, which is higher than BSMW's 0.18% expense ratio.
Dividends
ATMP vs. BSMW - Dividend Comparison
ATMP has not paid dividends to shareholders, while BSMW's dividend yield for the trailing twelve months is around 3.20%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
ATMP Barclays ETN+ Select MLP ETN | 0.00% | 0.00% | 0.00% | 0.00% |
BSMW Invesco BulletShares 2032 Municipal Bond ETF | 3.20% | 3.24% | 3.48% | 2.36% |
Frequently Asked Questions
ATMP and BSMW have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ATMP has higher volatility (5.61%) compared to BSMW (0.93%). In terms of maximum drawdown, ATMP dropped -80.86% vs BSMW's -7.57%.
On 3-year performance, ATMP leads with 21.17% vs 3.20% for BSMW. On fees, BSMW is cheaper at 0.18% per year. On volatility, BSMW has been the lower-risk option at 0.93%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, ATMP has performed better with a 21.17% return vs 3.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BSMW is cheaper with a 0.18% expense ratio, compared with 0.95% for ATMP.
BSMW has the higher dividend yield at 3.20%, compared with 0.00% for ATMP.
ATMP is categorized as MLPs, while BSMW is Municipal Bonds. ATMP tracks CIBC Atlas Select MLP VWAP, while BSMW tracks Invesco BulletShares USD Municipal Bond 2032 Index. They also come from different issuers: Barclays Capital and Invesco. Their fees differ too: 0.95% for ATMP and 0.18% for BSMW.
BSMW currently has the higher Sharpe Ratio (2.48 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.
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