ATMP vs. CPIEX

Last updated Jun 24, 2026

ATMP (Barclays ETN+ Select MLP ETN) and CPIEX (Counterpoint Tactical Equity Fund) are both funds - ATMP is a MLPs fund tracking the CIBC Atlas Select MLP VWAP, while CPIEX is a Long-Short fund managed by Counterpoint Mutual Funds. Over the past 10 years, ATMP returned 4.85%/yr vs 9.42%/yr for CPIEX. At a 0.17 correlation, their price movements are largely independent. ATMP charges 0.95%/yr vs 1.75%/yr for CPIEX.

Performance

ATMP vs. CPIEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Barclays ETN+ Select MLP ETN (ATMP) and Counterpoint Tactical Equity Fund (CPIEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ATMP achieves a 20.30% return, which is significantly higher than CPIEX's 12.41% return. Over the past 10 years, ATMP has underperformed CPIEX with an annualized return of 4.85%, while CPIEX has yielded a comparatively higher 9.42% annualized return.

ATMP

• 1D: 1.85%
• 1M: -5.47%
• YTD: 20.30%
• 6M: 20.09%
• 1Y: 20.09%
• 3Y*: 21.81%
• 5Y*: 15.76%
• 10Y*: 4.85%

CPIEX

• 1D: 0.31%
• 1M: 3.31%
• YTD: 12.41%
• 6M: 11.68%
• 1Y: 19.87%
• 3Y*: 21.65%
• 5Y*: 24.40%
• 10Y*: 9.42%

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

ATMP vs. CPIEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ATMP Barclays ETN+ Select MLP ETN	20.30%	1.73%	31.66%	14.51%	20.71%	33.06%	-34.39%	0.39%	-14.55%	-11.89%
CPIEX Counterpoint Tactical Equity Fund	12.41%	10.21%	37.75%	6.18%	12.15%	54.08%	-29.20%	-7.69%	-3.17%	14.15%

Correlation

The correlation between ATMP and CPIEX is 0.00, 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	0.00
Correlation (3Y) Calculated over the trailing 3-year period	0.16
Correlation (5Y) Calculated over the trailing 5-year period	0.13
Correlation (10Y) Calculated over the trailing 10-year period	0.18
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016	0.17

The correlation between ATMP and CPIEX shifts across timeframes, from 0.00 (1 year) to 0.18 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

ATMP vs. CPIEX — Risk / Return Rank

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

ATMP

ATMP Risk / Return Rank: 43
ATMP Sharpe Ratio Rank: 42
ATMP Sortino Ratio Rank: 41
ATMP Omega Ratio Rank: 38
ATMP Calmar Ratio Rank: 52
ATMP Martin Ratio Rank: 40

CPIEX

CPIEX Risk / Return Rank: 48
CPIEX Sharpe Ratio Rank: 43
CPIEX Sortino Ratio Rank: 39
CPIEX Omega Ratio Rank: 40
CPIEX Calmar Ratio Rank: 66
CPIEX Martin Ratio Rank: 53

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. CPIEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Barclays ETN+ Select MLP ETN (ATMP) and Counterpoint Tactical Equity Fund (CPIEX). 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	CPIEX	Difference
Sharpe ratio: Return per unit of total volatility	1.41	1.77	-0.35
Sortino ratio: Return per unit of downside risk	2.01	2.41	-0.40
Omega ratio: Gain probability vs. loss probability	1.24	1.31	-0.07
Calmar ratio: Return relative to maximum drawdown	2.44	2.98	-0.54
Martin ratio: Return relative to average drawdown	6.09	10.18	-4.09

ATMP vs. CPIEX - Sharpe Ratio Comparison

The current ATMP Sharpe Ratio is 1.41, which is comparable to the CPIEX Sharpe Ratio of 1.77. The chart below compares the historical Sharpe Ratios of ATMP and CPIEX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ATMP vs. CPIEX - Drawdown Comparison

The maximum ATMP drawdown since its inception was -80.86%, which is greater than CPIEX's maximum drawdown of -48.20%. Use the drawdown chart below to compare losses from any high point for ATMP and CPIEX.

Drawdown Indicators

	ATMP	CPIEX	Difference
Max Drawdown Largest peak-to-trough decline	-80.86%	-48.20%	-32.66%
Max Drawdown (1Y) Largest decline over 1 year	-8.30%	-7.14%	-1.16%
Max Drawdown (3Y) Largest decline over 3 years	-16.48%	-7.30%	-9.18%
Max Drawdown (5Y) Largest decline over 5 years	-22.98%	-9.76%	-13.22%
Max Drawdown (10Y) Largest decline over 10 years	-75.66%	-48.20%	-27.46%
Current Drawdown Current decline from peak	-5.85%	-0.65%	-5.20%
Average Drawdown Average peak-to-trough decline	-31.03%	-9.83%	-21.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.32%	2.09%	+1.23%

Volatility

ATMP vs. CPIEX - Volatility Comparison

Barclays ETN+ Select MLP ETN (ATMP) has a higher volatility of 5.61% compared to Counterpoint Tactical Equity Fund (CPIEX) at 4.86%. This indicates that ATMP's price experiences larger fluctuations and is considered to be riskier than CPIEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ATMP	CPIEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.61%	4.86%	+0.75%
Volatility (6M) Calculated over the trailing 6-month period	11.07%	8.15%	+2.92%
Volatility (1Y) Calculated over the trailing 1-year period	14.35%	12.06%	+2.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.13%	12.63%	+9.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.66%	12.79%	+14.87%

ATMP vs. CPIEX - Expense Ratio Comparison

ATMP has a 0.95% expense ratio, which is lower than CPIEX's 1.75% expense ratio.

Dividends

ATMP vs. CPIEX - Dividend Comparison

ATMP has not paid dividends to shareholders, while CPIEX's dividend yield for the trailing twelve months is around 4.95%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
ATMP Barclays ETN+ Select MLP ETN	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
CPIEX Counterpoint Tactical Equity Fund	4.95%	5.56%	2.16%	2.44%	3.05%	0.00%	0.00%	0.00%	3.40%	5.93%

Frequently Asked Questions

Can I hold both ATMP and CPIEX in my portfolio?

ATMP and CPIEX have a correlation of 0.00, 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 CPIEX?

ATMP has higher volatility (5.61%) compared to CPIEX (4.86%). In terms of maximum drawdown, ATMP dropped -80.86% vs CPIEX's -48.20%.

Which has better risk-adjusted returns?

CPIEX currently has the higher Sharpe Ratio (1.77 vs 1.41), 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.