ATMP vs. IPKW
ATMP (Barclays ETN+ Select MLP ETN) and IPKW (Invesco International BuyBack Achievers™ ETF) are both exchange-traded funds - ATMP is a MLPs fund tracking the CIBC Atlas Select MLP VWAP, while IPKW is a Global Equities fund tracking the NASDAQ International BuyBack Achievers Index. Both are passively managed. Over the past 10 years, ATMP returned 5.20%/yr vs 11.93%/yr for IPKW. At a 0.46 correlation, their price movements are largely independent. ATMP charges 0.95%/yr vs 0.55%/yr for IPKW.
Performance
ATMP vs. IPKW - 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 IPKW's 5.48% return. Over the past 10 years, ATMP has underperformed IPKW with an annualized return of 5.20%, while IPKW has yielded a comparatively higher 11.93% 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%
IPKW
- 1D
- 0.03%
- 1M
- -1.22%
- YTD
- 5.48%
- 6M
- 7.67%
- 1Y
- 23.37%
- 3Y*
- 22.77%
- 5Y*
- 9.12%
- 10Y*
- 11.93%
ATMP vs. IPKW - 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% |
IPKW Invesco International BuyBack Achievers™ ETF | 5.48% | 45.50% | 10.56% | 15.12% | -12.81% | 11.41% | 16.18% | 20.26% | -21.59% | 34.21% |
Correlation
The correlation between ATMP and IPKW is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Feb 27, 2014 | 0.46 |
Over the past year, the correlation between ATMP and IPKW has dropped to 0.14 - well below their long-term average of 0.46, suggesting their price drivers have been diverging.
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Return for Risk
ATMP vs. IPKW — Risk / Return Rank
ATMP
IPKW
ATMP vs. IPKW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Barclays ETN+ Select MLP ETN (ATMP) and Invesco International BuyBack Achievers™ ETF (IPKW). 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 | IPKW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.28 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.53 | 2.49 | +0.04 |
| Martin ratioReturn relative to average drawdown | 5.89 | 8.37 | -2.48 |
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Drawdowns
ATMP vs. IPKW - Drawdown Comparison
The maximum ATMP drawdown since its inception was -80.86%, which is greater than IPKW's maximum drawdown of -47.24%. Use the drawdown chart below to compare losses from any high point for ATMP and IPKW.
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Drawdown Indicators
| ATMP | IPKW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.86% | -47.24% | -33.62% |
Max Drawdown (1Y)Largest decline over 1 year | -7.30% | -9.14% | +1.84% |
Max Drawdown (3Y)Largest decline over 3 years | -16.48% | -17.77% | +1.29% |
Max Drawdown (5Y)Largest decline over 5 years | -22.98% | -32.67% | +9.69% |
Max Drawdown (10Y)Largest decline over 10 years | -75.66% | -47.24% | -28.42% |
Current DrawdownCurrent decline from peak | -5.61% | -3.00% | -2.61% |
Average DrawdownAverage peak-to-trough decline | -31.08% | -8.98% | -22.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.13% | 2.72% | +0.41% |
Volatility
ATMP vs. IPKW - Volatility Comparison
Barclays ETN+ Select MLP ETN (ATMP) has a higher volatility of 5.64% compared to Invesco International BuyBack Achievers™ ETF (IPKW) at 4.33%. This indicates that ATMP's price experiences larger fluctuations and is considered to be riskier than IPKW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ATMP | IPKW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.64% | 4.33% | +1.31% |
Volatility (6M)Calculated over the trailing 6-month period | 10.99% | 12.27% | -1.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.18% | 14.68% | -0.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.25% | 17.06% | +5.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.67% | 17.90% | +9.77% |
ATMP vs. IPKW - Expense Ratio Comparison
ATMP has a 0.95% expense ratio, which is higher than IPKW's 0.55% expense ratio.
Dividends
ATMP vs. IPKW - Dividend Comparison
ATMP has not paid dividends to shareholders, while IPKW's dividend yield for the trailing twelve months is around 3.54%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
IPKW Invesco International BuyBack Achievers™ ETF | 3.54% | 3.55% | 4.12% | 2.66% | 3.77% | 7.37% | 1.45% | 2.41% | 2.61% | 0.93% | 2.82% | 1.31% |
Frequently Asked Questions
ATMP and IPKW have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ATMP has higher volatility (5.64%) compared to IPKW (4.33%). In terms of maximum drawdown, ATMP dropped -80.86% vs IPKW's -47.24%.
On 10-year performance, IPKW leads with 11.93% vs 5.20% for ATMP. On fees, IPKW is cheaper at 0.55% per year. On volatility, IPKW has been the lower-risk option at 4.33%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, IPKW has performed better with a 11.93% return vs 5.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IPKW is cheaper with a 0.55% expense ratio, compared with 0.95% for ATMP.
IPKW has the higher dividend yield at 3.54%, compared with 0.00% for ATMP.
ATMP is categorized as MLPs, while IPKW is Global Equities. ATMP tracks CIBC Atlas Select MLP VWAP, while IPKW tracks NASDAQ International BuyBack Achievers Index. They also come from different issuers: Barclays Capital and Invesco. Their fees differ too: 0.95% for ATMP and 0.55% for IPKW.
IPKW currently has the higher Sharpe Ratio (1.55 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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