ATMP vs. ENVA
ATMP (Barclays ETN+ Select MLP ETN) is MLPs fund tracking the CIBC Atlas Select MLP VWAP, while ENVA (Enova International, Inc.) is a stock. Over the past 10 years, ATMP returned 5.20%/yr vs 38.77%/yr for ENVA. At a 0.34 correlation, their price movements are largely independent.
Performance
ATMP vs. ENVA - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with ATMP having a 20.60% return and ENVA slightly lower at 20.44%. Over the past 10 years, ATMP has underperformed ENVA with an annualized return of 5.20%, while ENVA has yielded a comparatively higher 38.77% annualized 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%
ENVA
- 1D
- -0.14%
- 1M
- 13.51%
- YTD
- 20.44%
- 6M
- 16.35%
- 1Y
- 102.88%
- 3Y*
- 53.36%
- 5Y*
- 39.68%
- 10Y*
- 38.77%
ATMP vs. ENVA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ATMP Barclays ETN+ Select MLP ETN | 20.60% | 1.73% | 31.66% | 14.51% | 20.71% | 33.06% | -34.39% | 0.39% | -14.55% | -11.89% |
ENVA Enova International, Inc. | 20.44% | 63.95% | 73.19% | 44.28% | -6.32% | 65.36% | 2.95% | 23.64% | 28.03% | 21.12% |
Correlation
The correlation between ATMP and ENVA is -0.02, 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 | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Nov 13, 2014 | 0.34 |
The correlation between ATMP and ENVA shifts across timeframes, from -0.02 (1 year) to 0.35 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
ATMP vs. ENVA — Risk / Return Rank
ATMP
ENVA
ATMP vs. ENVA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Barclays ETN+ Select MLP ETN (ATMP) and Enova International, Inc. (ENVA). 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 | ENVA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.29 | ||
| Sortino ratioReturn per unit of downside risk | -1.33 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.40 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.53 | 4.04 | -1.51 |
| Martin ratioReturn relative to average drawdown | 5.89 | 10.44 | -4.55 |
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Drawdowns
ATMP vs. ENVA - Drawdown Comparison
The maximum ATMP drawdown since its inception was -80.86%, roughly equal to the maximum ENVA drawdown of -84.26%. Use the drawdown chart below to compare losses from any high point for ATMP and ENVA.
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Drawdown Indicators
| ATMP | ENVA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.86% | -84.26% | +3.40% |
Max Drawdown (1Y)Largest decline over 1 year | -7.30% | -24.75% | +17.45% |
Max Drawdown (3Y)Largest decline over 3 years | -16.48% | -37.01% | +20.53% |
Max Drawdown (5Y)Largest decline over 5 years | -22.98% | -42.84% | +19.86% |
Max Drawdown (10Y)Largest decline over 10 years | -75.66% | -77.57% | +1.91% |
Current DrawdownCurrent decline from peak | -5.61% | -0.14% | -5.47% |
Average DrawdownAverage peak-to-trough decline | -31.08% | -31.82% | +0.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.13% | 9.57% | -6.44% |
Volatility
ATMP vs. ENVA - Volatility Comparison
The current volatility for Barclays ETN+ Select MLP ETN (ATMP) is 5.64%, while Enova International, Inc. (ENVA) has a volatility of 11.26%. This indicates that ATMP experiences smaller price fluctuations and is considered to be less risky than ENVA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ATMP | ENVA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.64% | 11.26% | -5.62% |
Volatility (6M)Calculated over the trailing 6-month period | 10.99% | 28.77% | -17.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.18% | 38.58% | -24.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.25% | 40.33% | -18.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.67% | 49.25% | -21.58% |
Dividends
ATMP vs. ENVA - Dividend Comparison
Neither ATMP nor ENVA has paid dividends to shareholders.
Frequently Asked Questions
ATMP and ENVA have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ENVA has higher volatility (11.26%) compared to ATMP (5.64%). In terms of maximum drawdown, ATMP dropped -80.86% vs ENVA's -84.26%.
ENVA currently has the higher Sharpe Ratio (2.60 vs 1.30), 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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